Here Are the New Jersey Tech Startups That Received Funding in September 2021
The New Jersey Economic Development Authority (NJEDA) has a web page that shows the funding that has been received by New Jersey startups at all stages of growth, as well as the mergers and acquisitions that have been happening all over the state.
It’s good to see how many startups in the Garden State are receiving backing. In September, for example, more than $561 million in investments were raised by companies in the Garden State. Most of these investments come from out-of-state angels, venture funds, family offices, strategic investors, etc.
NJTechWeekly.com has decided to publish the angel and VC investment information in tech, healthtech, cleantech and other tech-related companies. This article includes the startup funding for September 2021.
This is a useful place for entrepreneurs to see which investors are funding companies like theirs, and for them to learn the scope of that funding. For those interested in economic development, remember that these are the companies that will likely be bringing jobs to New Jersey.
All the information, including the listings on biotech and pharma companies, is available on the Angel and VC Investments website, here. As the NJEDA says, the list isn’t meant to be exhaustive.
The listings of the deals are compiled from outside sources, including Pitchbook and Crunchbase, as well as other sources that are available to the public. The NJEDA has marked with an asterisk the companies that it has helped, if any. If we have covered the company within the last couple of years, we’ve added a link.
Company: Buckle
Location: Jersey City, NJ
Sector: Financial Services | Buckle offers a digital financial services platform that serves the rising middle class and providers to the gig economy.
Deal Synopsis: Buckle announced on September 29 that it had raised $60 million in Series B funding.
Investor(s): The round was led by Volery Capital Partners. Eldridge, Assurant Ventures, HSCM and Bermuda and other investors.
Crunchbase Profile Page: https://www.crunchbase.com/organization/buckle
News Release: https://jerseydesk.com/njnews/buckle-closes-60m-in-funding-to-expand-full-stack-insurance-platform-across-us-jerseydesk-10141304
Company: TrueFort
Location: Weehawken, NJ
Sector: Cyber Security | TrueFort develops cybersecurity software products used by enterprises to protect their critical business applications on premise and in the cloud.
Deal Synopsis: TrueFort announced on September 8th that it raised $30 million in Series B funding.
Investor(s): The round was led by Shasta Ventures. Additional participants included Canaan, Ericsson Ventures, Evolution Equity Partners, Lytical Ventures and Emerald Development Managers.
Cruncbase Profile Page: https://www.crunchbase.com/organization/truefort
News Article: https://techcrunch.com/2021/09/08/truefort-snares-30m-series-b-to-expand-zero-trust-application-security-solution/
*TrueFort previously participated in the NJEDA’s NOL Program.
Company: Malbek
Location: Somerset, NJ
Sector: Artificial Intelligence | Malbek is an AI platform that provides enterprise contract lifecycle management from request, redlining, signature, and commitment tracking.
Deal Synopsis: Malbek announced on September 28th that it has raised $15.3 million in Series A funding.
Investor(s): The round was led byNoro-Moseley Partners. Osage Venture Partners and TDF Ventures also participated.
Crunchbase Profile Page: https://www.crunchbase.com/organization/malbek
News Release: https://www.prnewswire.com/news-releases/malbek-raises-15-3-million-series-a-funding-round-to-expand-its-proprietary-ai-core-contract-lifecycle-management-platform-301386637.html
*Malbek previously participated in the NJEDA’s Net Operating Loss Program.
NJTW: Contract Management Startup Malbek Closes $3 Million Osage Round during Pandemic
Company: No Brick LLC
Location: Jersey City, NJ
Sector: Food and Beverage, Marketplace, Software | No Brick offers a platform to help its clients automate their sundry and marketplace operations.
Deal Synopsis: No Brick announced on September 13th that it has raised $15 million in Series C funding.
Investor(s): N/A
Crunchbase Profile Page: https://www.crunchbase.com/organization/biftek-co
News Release: N/A
Company: Floating Point Group
Location: Summit, NJ
Sector: Cryptocurrency, Financial Technology | Floating Point Group has created a platform to enable its clients to to trade, manage, and settle cryptocurrency assets.
Deal Synopsis: On September 15th, Floating Point Group announced on September 15 that it had closed on $10 million in Series A funding.
Investor(s): Tribe Capital, Coinbase Ventures, Anthony Scaramucci, F A S T by Gettlylab, Borderless Capital, CapitalX, Formulate Ventures, and executives from GoldenTree Asset Management, HC Tech, Pythagorus Investments
Crunchbase Profile Page: https://www.crunchbase.com/organization/floating-point-group
News Release: https://www.prnewswire.com/news-releases/mit-crypto-spinout-floating-point-group-raises-10m-series-a-to-fuel-growth-301378099.html
Company: EnaChip
Location: Jamesburg, NJ
Sector: Microdevices | Enachip is a semiconductor microdevice company founded to commercialize its Wafer Level technology platform, and a new class of products that it enables: Power-Supply-on-Chip (PwrSoC) and Power-System-in-Package (PSiP).
Deal Synopsis: EnaChip announced it has raised $7.1 million in venture funds.
Investor(s): N/A
Crunchbase Profile Page: https://www.crunchbase.com/organization/enachip
News Release: N/A
Company: Moove Together
Location: Atlantic Highlands, NJ
Sector: Platform Software | Moove Together operates a team-based fitness and merchandize platform intended to offer collective fitness challenges and other sports activities.
Deal Synopsis: On September 21st Moove Together announced that it has raised in $500,000 in seed funding.
Investor(s): N/A
Pitchbook Profile Page: https://pitchbook.com/profiles/company/481568-59
News Release: N/A
Company: Certara
Location: Princeton, NJ
Sector: Pharmaceuticals | Certara accelerates medicines using biosimulation software and technology to transform traditional drug discovery and development.
Deal Synopsis: Certara announced on September 20th that has been awarded an undisclosed amount of grant funding from the U.S. Food and Drug Administration (FDA).
Investor(s): Mubadala, Food and Drug Administration
Pitchbook Profile Page: https://www.crunchbase.com/organization/certara
News Release: https://ir.certara.com/news-releases/news-release-details/certara-awarded-fda-grant-further-advance-virtual-bioequivalence
Company: Med-Metrix
Location: Montvale, NJ
Sector: Health Care, Information Technology, Software |Med-Metrix provides of performance management analytics, consulting, extended business office, and revenue recovery services to the healthcare industry.
Deal Synopsis: Med-Metrix announced on September 27th that it has raised an undisclosed amount of seed funding.
Investor(s): Hackensack Meridian Health, A&M Capital Partners
Crunchbase Profile Page: https://www.crunchbase.com/organization/med-metrix
News Release: N/A
Company: ContainIQ
Location: Hoboken, NJ
Sector: Software | A software platform to monitor, optimize, and maintain kubernetes clusters.
Deal Synopsis: On September 1st, the last funding amount was undisclosed from pre-seed funding.
Investor(s): FAST — by GETTYLAB, Lorimer Ventures
Crunchbase Profile Page: https://www.crunchbase.com/organization/containiq
News Release: N/A
