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Seed Watch: Electric Vehicle, Healthtech & Property-tech Startups Rise to The Occasion

Early-stage funding continues in the 1st week of February

Author

Ofodile Iloanya
February 07, 2025

Welcome to our weekly edition of Seed Watch- a segment of Market Insyte Digest focused on sharing some of the latest and most intriguing Pre-seed & Seed funding news grabbing the headlines in the startup world. 

Before we dive into the latest early-stage funding deals that grabbed headlines since the previous issue, let’s take a look at some key findings from January.

  • Total early-stage funding in January 2025 was $954,654,356. Seed funding deals accounted for 88.25% of early-stage funding volume and pre-seed funding deals accounted for 11.75%.

  • The median amount raised was $2,600,000.00.

  • AI Centred early-stage startups raised $300,309,870 in January, Healthtechs raised $115,664,720.08, and fintechs raised $106,411,847.

  • Regionally, North America dominated early-stage funding deals, raising $551,012,000.00. MENA raised $114,487,000, while Sub-Saharan Africa raised $12,690,047.

We will be releasing our full Monthly Review Report soon so watch this space to discover more insights. For now, learn more about the top 3 deals from this week that caught our attention.

  • Startup Name: Presto

  • Industry: Automobile/EV

  • Region: USA

  • Amount (USD): $15 million

  • The problem it is solving: Presto addresses the challenges of charging infrastructure for electric vehicle fleets, mobility providers, and businesses. The platform simplifies the process of working with charging partners and fleet operators, making it easier to integrate and scale EV charging solutions. This ensures that businesses can provide seamless, all-in-one charging solutions for their fleets and customers, thus supporting the transition to electric vehicles.

  • What the Funds Will Be Spent On: The funds will be used to scale operations and invest further in technology to support more fleets and charging partners as they work toward electrification.

  • Startup Name: Zest Health

  • Industry: Healthtech

  • Region: USA

  • Amount (USD): $13 million

  • The problem it is solving: Zest Health addresses the challenges faced by individuals suffering from inflammatory skin diseases such as eczema and psoriasis. The company aims to improve the accessibility and affordability of dermatology care, which is often hindered by long wait times and rushed in-person appointments. Zest Health provides personalized, virtual care solutions by utilizing patient data to offer customized treatment plans and lifestyle changes, thus improving patient outcomes and reducing pharmacy costs

  • What the Funds Will Be Spent On: The funds will be used to scale Zest Health’s services, particularly enhancing virtual care offerings, and expanding partnerships with health plans and employers. The company will also work on offering more accessible and effective care for chronic skin conditions.

  • Startup Name: hallo theo

  • Industry: PropTech

  • Region: Germany

  • Amount (USD): $10.3 million

  • The problem it is solving: Hallo Theo is addressing inefficiencies in property management, an industry traditionally known for its manual processes and slow response times. By leveraging technology and AI, the company aims to improve the customer experience and optimize property management services. Its automation and AI solutions focus on enhancing data quality, reaction times, and service offerings, making the property management process more efficient and user-friendly.

  • What the Funds Will Be Spent On: The funds will be used to strengthen Hallo Theo’s position in the digital property management market within Germany. The company will focus on expanding its national presence and advancing the development of its proprietary technology.