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Ambition Angels, Carta Healthcare, and more

Your weekly update on Christian-related startups, founders, and VC

June 13, 2023

Good Morning!

Welcome to this week's edition of Faith Factor, your weekly overview of Christian-related startup and VC news.

Startup of the Week: Ambition Angels

This week, we’re deviating from our normal startup focus to showcase a nonprofit. Founded by Remi Sobomehin, Ambition Angels is an educational platform focused on helping teens from low-income families learn and develop essential life skills. Through their Ambition App, they enable thousands of teens to easily access high-quality development courses, all for free. Their courses focus on practical areas, such as personal finance and goal setting, and are broken down into week-long segments. So far, Ambition Angels has achieved strong results. According to their website, their app is used by teens in 34 states, over 20k courses have been completed, and they have a 96% course-to-course retention rate. Read more about Ambition Angels here.

Faith-Based News

Startups

  • None this week

Incubators, Programs and Competitions

  • None this week

Impact News

Startups

  • Pomelo Care, developer of an online pregnancy care platform, raised $33 million (link)

  • Carta Healthcare, which aims to make hospital operations more efficient, raised $25 million (link)

  • BeFC, manufacturer of paper-based biofuel cells, raised ~17.5 million (link)

  • Upstream Bio, a biotech startup focused on treating allergies and inflammatory diseases, raised $200 million (link)

  • EvenUp, an AI-driven legal platform, raised a $50.5 million Series B (link)

  • MatrixSpace, a radar technology startup, raised a $10 million Series A (link)

  • Curri, which aims to solve last-mile logistics issues in construction, raised $42 million (link)

  • Aviant, a Norwegian drone logistics company, raised ~$1.2 million (link)

  • ITM, which aims to improve cancer treatment, raised ~$319.3 million (link)

  • Conformal Medical, a medical device company, raised a $30 million Series B (link)

  • Helium Health, an African healthtech startup focused on simplifying hospital record management, raised a $30 million Series B (link)

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See you next week!