The fourth quarter is officially here as of October 1, and a handful of companies started out the quarter with fresh rounds of funding. Built In collected the five biggest funding rounds of the month to show which companies raised the most money in October.
#5, $9.1 million, October 2
Evrnu engineers new types of textiles and fabrics. Its NuCycl fabric is made out of post-consumer materials and can be broken down at the molecular level and reformed into new clothing instead of being thrown out. The company raised a $9.1 million Series A led by Radicle Impact, who joins the company's board. Evrnu has raised $11.7 million to date.
#4, $16 million, October 29
Twistle is a healthtech company that connects doctors to their patients through its platform, mobile app and connected device integrations. The $16 million Series A will help Twistle expand in the provider and life sciences markets and build on its human-assisted automation technology.
#3, $18.8 million, October 9
ProbablyMonsters is a video game company that creates and manages different game studios. While the game studios are the ones responsible for developing new video games, ProbablyMonsters acts as a parent company in charge of staffing, company culture, funding and more. ProbablyMonsters was formed in 2016, but the company used the new funding as a reason to finally launch out of stealth mode this month.
#1 (tied), $20 million, October 10
Accolade created a platform to personalize healthcare. It connects data from medical claims, biometrics, risk scoring and lab results to allow employers to offer integrated health benefits to their employees. The $20 million investment comes from Accolade's partner Humana, which has integrated Accolade's technology into its services. This new investment will help Accolade further integrate its services to reach a larger base of Humana's clients.
#1 (tied), $20 million, October 15
Maven is a Seattle-based media company working on creating a new business model for online publishers to make money. It's also the parent company of Sports Illustrated. With the new investment, the company is reportedly valued at $188 million. It expects to make more than $30 million in digital revenue this quarter and reach profitability next year.
