Here are the five top startup funding deals announced during the week ending April 26th, 2025, based on data curated from the Intellizence Startup Funding Dataset.
Chainguard
Funding Amount: $356 Million
Funding Round: Series D
Industry: Technology
Country: United States
Cybersecurity startup Chainguard has raised a $356 million Series D, led by Kleiner Perkins and IVP, at a $3.5 billion valuation. The funding will help the startup become a safe source for open source and enable it to continue scaling its growing customer base. New investors Salesforce Ventures and Datadog Ventures, as well as all existing investors like Sequoia, Spark, Amplify, Redpoint, Lightspeed, Mantis, and Kerrest & Co., participated in the round.
Supabase
Funding Amount: $200 Million
Funding Round: Series D
Industry: Technology
Country: United States
Database developer Supabase raised a $200 million Series D at a $2 billion valuation. Accel led the round, which also included Coatue, Y Combinator, Craft Ventures, and longtime investor Felicis. This fresh funding comes just seven months after Supabase raised $80 million led by Peak XV (a Sequoia spinoff) and David Sacks’ Craft Ventures. It offers an open-source version of Firebase, Google’s database AI app development platform, and hosts the apps for up to $600 monthly or more for enterprise users.
Electra
Funding Amount: $186 Million
Funding Round: Series B
Industry: Energy & Utilities
Country: United States
Electra, a clean iron company, raised a $186 million Series B funding round, bringing its total funding to $214 million. This reinforces its position as one of the leading solutions for decarbonizing iron production and underscores its strong path to commercialization this decade. The round attracted funding from companies including Capricorn, Temasek, Breakthrough Energy Ventures, Builders Vision, and Lowercarbon Capital. Strategic investors include BHP Ventures, Rio Tinto, Roy Hill, Nucor, Yamato Kogyo, Interfer Edelstahl Group, and Toyota Tsusho Corporation.
Altruist
Funding Amount: $152 Million
Funding Round: Series F
Industry: Financial Services
Country: United States
Altruist has secured $152 million in a Series F funding round, bringing its valuation to roughly $1.9 billion. Singapore’s sovereign wealth fund GIC led the funding round. The funding comes amid a global dealmaking slump as markets have been roiled by rising recession fears following U.S. trade policies. The round comes less than a year after its last round, where Altruist was valued at more than $1.5 billion.
Manychat
Funding Amount: $140 Million
Funding Round: Series B
Industry: Technology
Country: United States
Manychat, a tool for managing and automating conversations and engagement across multiple messaging channels, has raised $140 million in a Series B round led by Summit Partners. ManyChat has around 1.5 million customers across 170 countries, and its client list includes Nike, the New York Times, and Yahoo, as well as individual creators and much smaller outfits.
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