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The AlleyWatch Startup Daily Funding Report: 5/15/2024

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The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 5/15/2024 featuring funding details for Cover Genius, Chapter, and much more. This page will be updated throughout the day to reflect any new fundings.


Cover Genius – $80M

Cover Genius, the insurtech platform that allows digital businesses to embed insurance offerings into their products, has raised $80M in Series E funding led by Spark Capital. Founded by Angus McDonald and Chris Bayley in 2014, Cover Genius has now raised a total of $245.1M in reported equity funding.


Chapter – $50M

Chapter, a Medicare navigation platform, has raised $50M in Series C funding led by XYZ Venture Capital. Founded by Cobi Blumenfeld-Gantz, Corey Metzman, and Vivek Ramaswamy in 2020, Chapter has now raised a total of $109M in reported equity funding.


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Laws of Motion – $5M

Laws of Motion, an AI-powered apparel sizing technology provider and DTC clothing brand, has raised $5M in Venture funding led by Corazon Capital. Founded by Carly Bigi in 2017, Laws of Motion has now raised a total of $6.5M in reported equity funding.


David Energy – $15.9M

David Energy, an energy provider that leverages software to serve as an energy operating system to bring down cost and optimize usage, has raised $15.9M in funding according to a recent SEC filing. The filing indicates that the total offering is for $25M and there were thirteen investors in this close. Founded by Ahmed Salman, Brian Maxwell, and James McGinniss in 2019, David Energy has now raised a total of $62.5M in reported equity funding.


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Tags: Ahmed SalmanAngus McDonaldBrian MaxwellCarly BigiChapterChris BayleyCobi Blumenfeld-GantzCorazaon CapitalCorey MetzmanCover GeniusDavid EnergyJames McGinnissLaws of MotionSpark CapitalVivek RamaswamyXYZ Venture Capital
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