• Market Insyte Digest
  • Posts
  • Seed Watch: Fintech, Healthtech, and Cybersecurity Startups Attract Significant Funding

Seed Watch: Fintech, Healthtech, and Cybersecurity Startups Attract Significant Funding

Author

Ofodile Iloanya
June 13, 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. Find out the top 3 deals from this week that caught our eye.

  • Startup Name: Noah

  • Industry: Fintech

  • Region: UK

  • Amount (USD): $22 million

  • The problem it is solving: Noah aims to eliminate the inefficiencies of traditional cross-border payments, such as high fees, multi-day transaction times, and lack of transparency, by building infrastructure around stablecoins. It seeks to make international money transfers as seamless as sending a text, especially benefiting regions with volatile currencies or limited financial access.

  • What the Funds Will Be Spent On: Expanding into key fintech markets in the U.S., Europe, and Asia. Securing critical financial licenses. Accelerating product development and engineering innovation. Strengthening partnerships (e.g., with Circle and Paxos) for remittances, aid distribution, and enterprise payments.

  • Startup Name: Elkedonia SAS

  • Industry: Healthtech

  • Region: France and Belgium

  • Amount (USD): $12.9 million

  • The problem it is solving: Elkedonia is addressing the growing crisis of Major Depressive Disorder (MDD) and treatment-resistant depression (TRD). Current antidepressants are ineffective for about one-third of patients and often come with undesirable side effects such as sedation, hallucinations, or dependence. Elkedonia’s solution targets impaired neuroplasticity, a key issue in depression, PTSD, and addiction.

  • What the Funds Will Be Spent On: The funds will be used to develop and optimize small molecule inhibitors of Elk1, a novel intracellular target, and to advance biomarker research supporting a precision medicine approach.

  • Startup Name: ZeroRISC

  • Industry: Cybersecurity

  • Region: USA

  • Amount (USD): $10 million

  • The problem it is solving: Traditional chip-based systems rely on closed-source, unverifiable "black boxes" that restrict transparency, limit security ownership, and tie device trustworthiness to geography or manufacturer. ZeroRISC solves this by offering an open-source silicon Root of Trust (OpenTitan) and a software-defined platform that decouples device security from its place of manufacture, giving end-users and CISOs full control over device-level trust and protection throughout the supply chain.

  • What the Funds Will Be Spent On: Scaling commercialisation of its OpenTitan-based secure silicon. Expanding the Integrity Management Platform (IMP). Hiring and growing the engineering and product teams. Supporting OEMs and SoC vendors through early access programs.