Charityvest, Nimble, and more

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

March 21, 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: Charityvest

Founded in 2019 by Stephen Kump and Jon Koon, Charityvest is dedicated to streamlining the giving process and helping people make more effective charitable donations. The platform provides an all-in-one way to give, including having all giving on one tax receipt, enabling one account to be easily used for all giving, and providing low-fee donor advised funds. According to their website, Charityvest was started to make giving more easy and to help those on the fence fully commit to their charitable causes. Since its founding, the startup has achieved strong success. Charityvest was part of Y Combinator's Summer 2020 batch, and went on to raise a $3.7 million seed round, after which it raised another $2.2 million seed round at over double the previous valuation. The company has about 13 employees according to LinkedIn, and has been featured by major media sites such as Forbes, TechCrunch, and Barron's.

Faith-Based News

Startups

  • None this week

VC/PE

  • M25 led Entrée's $2.5 million early stage round (link)

Incubators, Programs and Competitions

  • None this week

Impact News

Startups

  • Blinto, which offers an online platform for used heavy machinery, raised approximately $11.3 million (link)

  • Fenix24, a cyber disaster recovery startup, raised a $4.75 million round (link)

  • Nimble, which develops autonomous fulfillment hardware and software, raised a $65 million Series B (link)

  • Fire1, which builds remote monitoring devices for patients with heart failure, raised $25 million (link)

  • Adept, a major generative AI startup, raised a $350 million Series B (link)

  • Mediar Therapeutics, a company working on groundbreaking fibrosis therapies, raised a $85 million Series A (link)

  • Verity, an indoor drone maker based in Zurich, raised a $32 million Series B (link)

  • Teitur Trophics, a Danish startup focused on neurodegenerative diseases, raised a $30 million Series A (link)

  • HelloSelf, which offers a digital therapy platform designed to reduce stress, raised a $20 million Series B (link)

  • AlgoTX, a French startup that is developing treatments for complex pain conditions, raised an approximately $21.4 million Series B (link)

  • Green Li-ion, a Singapore-based battery recycling startup, raised a $20.5 million pre-Series B (link)

Around the Network

Select Articles

  • "A Good and Faithful Servant"... (link)

  • Forbes 2023 Compassionate Leaders Circle Awards Honorees (link)

Select Podcasts

  • What To Do When It's Time to Move On From a Venture (link)

Job Boards

All Levels

See you next week!