Top 10 Startup and Tech Funding News – June 11, 2025

Cyera Locks Down $540M as Valuation Soars to $6B in Data Security Push

Cybersecurity startup Cyera has closed a massive $540 million Series E round, confirming a valuation of $6 billion for the data security firm. The funding was led by Georgian, Greenoaks, and Lightspeed Venture Partners and brings Cyera’s total financing to over $1.3 billion just four years after its founding.

The company, known for its data security posture management platform and new Omni DLP solution, plans to use the funds to expand its product suite and scale go-to-market partnerships, doubling down on its work with channel partners and enterprise customers. The huge raise at an elevated valuation reflects strong investor confidence in Cyera’s approach to safeguarding data across cloud environments and underscores the red-hot demand for data security solutions.

Funding Details:

Startup: Cyera (Data security posture management platform, expanding into DLP)
Investors: Georgian; Greenoaks; Lightspeed Venture Partners (lead investors)
Amount Raised: $540 million
Total Raised: ~$1.3 billion
Funding Stage: Series E
Funding Date: June 11, 2025

Proxima Fusion Joins Nuclear Energy Elite with €130M Series A

Munich-based Proxima Fusion has secured a €130 million (~$148 million) Series A round to accelerate development of its nuclear fusion technology. The funding, led by European investors Balderton Capital and Cherry Ventures, is one of the largest private fusion energy investments in Europe and brings Proxima’s total funding to over €185 million. The startup is building the world’s first stellarator-based fusion power plant, aiming to deliver clean, virtually limitless energy in the future.

Proxima will use the capital to scale up R&D and engineering efforts, moving closer to commercial fusion energy and bolstering Europe’s position in the global fusion race. The strong backing from prominent investors signals confidence in Proxima’s approach to revolutionize energy production and enhance long-term energy security.

Funding Details:

Startup: Proxima Fusion (Munich, Germany – nuclear fusion energy startup)
Investors: Balderton Capital (lead); Cherry Ventures (lead); + other European venture firms
Amount Raised: €130 million (approx. $148 million)
Total Raised: Over €185 million
Funding Stage: Series A
Funding Date: June 10, 2025

SpliceBio Lands $135M Series B to Advance Gene Therapy Pipeline

Spanish biotechnology startup SpliceBio has raised $135 million in a Series B financing to fuel its gene therapy programs targeting inherited diseases. The round was backed by a syndicate of life science investors, including EQT Life Sciences and the venture arms of pharma giants Sanofi and Roche, among others.

SpliceBio will use the funds to advance its lead gene therapy for Stargardt disease – a form of macular degeneration – through clinical trials, and to accelerate a pipeline of additional adeno-associated virus (AAV) gene therapies in ophthalmology and neurology. This sizable funding injection (which follows a $57 million Series A in 2022) underscores strong investor appetite for SpliceBio’s novel protein-splicing platform technology.

With the new capital, the Barcelona-based startup is positioned to scale up development and bring its innovative genetic medicines closer to patients in need. SpliceBio was founded in 2020 by Miquel Vila-Perelló and Silvia Frutos, who currently serve as CEO and CTO, respectively.

Funding Details:

Startup: SpliceBio (Barcelona, Spain – gene therapy biotech for inherited diseases)
Investors: EQT Life Sciences; Sanofi Ventures; Roche Venture Fund; New Enterprise Associates; Novartis
Venture Fund (notable investors)
Amount Raised: $135 million
Total Raised: ~ $200 million
Funding Stage: Series B
Funding Date: June 11, 2025

OneBalance Scores $20M to Fix Crypto’s User Experience Gaps

OneBalance, a developer platform aiming to simplify crypto’s user experience, closed a $20 million Series A funding round on June 11. Co-founded by veterans of blockchain projects Flashbots and Coinbase, the startup is addressing the fragmented and complex user experience in decentralized applications through its novel “Resource Locks” technology for cross-chain interoperability.

The round was led by cyber•Fund and Blockchain Capital, with participation from Bybit’s Mirana Ventures and L2IV, bringing OneBalance’s total funding to $25 million to date. While the company did not disclose its valuation, it frames this raise as a vote of confidence in its mission to make crypto more accessible. The new capital will fuel further development of OneBalance’s platform and tools, as the team works to abstract away blockchain complexity and help mainstream users interact with crypto services seamlessly.

Funding Details:

Startup: OneBalance (Developer platform for improving crypto/Web3 user experience)
Investors: cyber•Fund (lead); Blockchain Capital (lead); Mirana Ventures (Bybit); L2IV
Amount Raised: $20 million
Total Raised: $25 million
Funding Stage: Series A
Funding Date: June 11, 2025

Wandercraft Snaps Up $75M to Expand Exoskeleton Robotics Lineup

Paris-based robotics pioneer Wandercraft has secured $75 million in a Series D round to accelerate growth across its range of AI-powered exoskeletons. The funding round saw participation from strategic and financial backers, including automotive leader Renault Group, public investment bank Bpifrance, Teampact Ventures, and Quadrant Management, among others.

Wandercraft, known for its self-balancing walking exoskeletons, will use the capital to scale beyond clinical rehabilitation into personal mobility and industrial robotics. Key initiatives include the commercial rollout of “Eve” – the world’s first self-balanced personal exoskeleton for mobility-impaired users – expanding deployments of its FDA-cleared Atalante X rehabilitation exoskeleton in hospitals, and advancing development of its new industrial humanoid robot line (codenamed Calvin).

The Series D marks a major milestone for Wandercraft, reflecting strong investor and industry support as the company evolves from a clinical device maker into a diversified robotics platform spanning healthcare, personal mobility, and workplace automation.

Funding Details:

Startup: Wandercraft (Paris, France – self-balancing exoskeleton robotics company)
Investors: Renault Group; Bpifrance; Teampact Ventures; Quadrant Management; + other strategic investors
Amount Raised: $75 million
Total Raised: ~$75 million
Funding Stage: Series D
Funding Date: June 11, 2025

Paris-Based Arlequin AI Raises €4.4M to Deliver Trusted Data Insights in Europe

Arlequin AI, a Paris-based data intelligence startup, has raised €4.4 million in seed funding to help organizations derive certified, unbiased insights from their data. The round was led by Vsquared Ventures, with participation from 10x Founders, Kima Ventures, Better Angle, and several prominent angel investors (including former Meta executives and finance industry leaders).

Arlequin’s platform focuses on providing “sovereign” analytics solutions for European public institutions and enterprises, aiming to combat misinformation and enhance data integrity. The fresh capital will allow Arlequin to double its R&D team, speed up on-premise deployments, and expand its reach across Europe and beyond. Investors see Arlequin as a timely answer to the region’s strategic need for independent, trustworthy data tools in an era of information overload and disinformation threats.

Funding Details:

Startup: Arlequin AI (Paris, France – unbiased data insights and analytics platform)
Investors: Vsquared Ventures (lead); 10x Founders; Kima Ventures; Better Angle; notable angel investors
Amount Raised: €4.4 million
Total Raised: Not disclosed
Funding Stage: Seed
Funding Date: June 11, 2025

Try Your Best (TYB) Raises $11M to Boost Community Loyalty for Brands

Try Your Best (TYB), a consumer loyalty and rewards platform founded by Outdoor Voices alum Ty Haney, has raised $11 million in Series A to expand its community-driven commerce model. The funding was co-led by Offline Ventures and Strobe Ventures, with participation from other notable backers including Castle Island Ventures and Crossbeam Venture Partners.

TYB’s platform helps brands like Rare Beauty and Glossier engage their fan communities through interactive rewards, challenges, and digital collectibles that drive customer loyalty. The new financing will be used to scale TYB’s technology and team, onboard more brand partners, and enhance product features for deeper consumer engagement. The strong investor interest in TYB highlights the continued appetite for innovative approaches at the intersection of e-commerce, social media, and loyalty as brands seek to build more engaged customer communities.

Funding Details:

Startup: Try Your Best (TYB) – (Austin, USA – consumer loyalty and rewards platform for brands)
Investors: Offline Ventures (co-lead); Strobe Ventures (co-lead); Castle Island Ventures; Crossbeam Venture Partners
Amount Raised: $11 million
Total Raised: Not disclosed
Funding Stage: Series A
Funding Date: June 11, 2025

CRED Secures $72M to Double Down on Fintech Platform at Lower Valuation

Indian fintech unicorn CRED has raised $72 million in fresh financing led by GIC, valuing the company at roughly $3.5 billion. The round comes at about a 45% lower valuation than CRED’s previous peak, marking a down round that nevertheless signals continued investor faith in the startup’s business model. CRED will use the new capital to bolster its core credit card-focused financial services platform and expand into adjacent offerings like lending, payments, and e-commerce, aiming to deepen engagement with its base of high-spending customers. Despite the valuation cut, the funding underscores long-term confidence in CRED’s growth trajectory and profitability prospects.

Funding Details:

Startup: CRED (Bengaluru, India – consumer fintech platform)
Investors: GIC (Lathe Investment vehicle, lead); RTP Global; Sofina; QED Innovation Labs
Amount Raised: $72 million
Total Raised: Over $1 billion
Funding Stage: Series G (Down-round)
Funding Date: June 9, 2025

Tchh Funding Summary Table: