This month at January Ventures: M7 Health closes $4M Seed Round, Guidewheel raises $31M Series B Round, and more!
Portfolio Highlights
M7 Health, founded by Ilana Borkenstein and Eric Gruskin, closed a $4M seed round led by First Round Capital! Previous investors January Ventures, 25m Health, and Lakehouse Ventures also invested again in this round.
M7 Health is modernizing nursing workforce management. Their first product is an operating system for nursing workforce management, helping to craft schedules, fill shifts and make adjustments in real time.
Over the past two years, M7 Health has worked closely with nurses to develop a platform that has quickly become an essential tool in a variety of hospitals, with nursing supervisors reporting a 50% reduction in admin workload. This funding will further M7’s mission of driving nurse efficiency, effectiveness and retention.
Congrats to the M7 Health team!
Guidewheel has announced $31M in Series B funding from BlackRock and Temasek’s Decarbonization Partners fund. Other investors include Rethink Impact, Greycroft, and Breakthrough Energy Ventures. This round fuels Guidewheel to take their AI-powered software platform to the next level and takes them one step closer to achieving their mission to help all of the world’s factories reach sustainable peak performance.
Guidewheel is a plug-and-play FactoryOps platform that makes the power of the cloud accessible to any factory. Guidewheel clips onto any machine to turn its real-time “heartbeat” into a connected, actively learning system that empowers teams to reduce lost production time, increase throughput, and perform better and better over time.,
Congratulations to founders Lauren Dunford, Weston McBride, and the entire Guidewheel team on this exciting milestone!
January Ventures Annual Company-Building Survey:
Founders: have you taken our 6th annual company building survey? We’re building off prior research to deepen our understanding of the current startup landscape.
We want to hear from you on what founders are experiencing in today’s market. Your voice will help us to better understand how company building is changing at the early stage, capture a fuller picture of experiences and perspectives, and determine what the venture community can do to best support founders.
Our survey takes just 10 minutes to fill out. Thank you for joining in this important conversation and sharing your thoughts!
Food for thought
Saamra Mekuria-Grillo from the January Ventures Operator Network shares her experiences becoming a founder at age 39 and how she is working to change who becomes an entrepreneur in her TED Talk “Yes you can be an entrepreneur too”.
Carta’s latest State of Private Markets Report shows signs of recovery for venture capital in Q2, with upticks in deal volumes and cash raised
Looking for examples of great pitches? Cobot shares their one page Series B pitch narrative that landed them investment from Jeff Bezos and others!
“There’s no such thing as Series A metrics” from Charles Hudson, Managing Partner at Precursor Ventures
Wilson Sonsini Partner Becki DeGraw shares legal must-haves before raising capital on the This Week in Startups podcast.
How a cold email to a VC helped salon software startup Mangomint raise $35M
Portfolio News
Sano Genetics’ Charlotte Guzzo won the Woman Entrepreneur of the Year Award at the Business Weekly Awards.
Sorcero’s CEO & Co-founder, Dipanwita Das, has been named one of the 12 Innovators in Health Care by the Washington Business Journal.
Pano AI has been chosen as one of The Generalist's Future 50!
Sano Genetics has been named a finalist in The Spectator’s Economic Innovator of the Year Awards 2024.
Management Today named Charlotte Guzzo, co-founder and COO of Sano Genetics, to its 35 under 35 list.
Elektra Health’s Jannine Versi was featured on the Decoding Health podcast to discuss how Elektra raised $7.6M for menopause care.
Pano AI was included in the newly released 50 by 2050 list of pioneers in carbon reduction list curated by Congruent Ventures and Silicon Valley Bank.
Where we were last month
January Ventures co-founders Jennifer Neundorfer and Maren Bannon met with founders and investors on the East Coast and finished their trip on the Rocky Steps in Philadelphia. In building an emerging VC fund, we are betting that the underdog founders in our portfolio will win through hard work, determination, and hustle. We feel grateful for the opportunity to build our own firm and back founders who inspire us!
Jennifer Neundorfer visited the White House with January Ventures portfolio company founder Julia Collins and their Journey to Lead Cohort to discuss how the public sector can work more closely with founders, startups, and innovators.
We recently held a workshop for our January Ventures community with Advisor and General Manager Annie Bercovich Myers. In the session, titled "Supercharge Your Growth with Advisors, Fractional Execs, and Coaches," Annie shared best practices for hiring and working with advisors, fractional execs, and coaches, green and red flags to look out for, when the right time to engage is, and how to get the most value out of them. Interested in joining future events and workshops? Make sure that you’re following January Ventures on LinkedIn for updates.
Save the Date
Jennifer Neundorfer will be attending New York Climate Week 2024 alongside January Ventures portfolio companies Treefera, Pano AI, and Guidewheel.
Maren Bannon will be a judge at the inaugural UK edition of HearstLab’s Pitch event on October 16, which is one of the world’s biggest pitching competitions for women-led startups. Register here.