Welcome to this week’s edition of Seed Watch, a Market Insyte Digest feature highlighting some of the most notable pre-seed and seed funding stories making waves in the startup world. Here are the top three deals that caught our attention this week.
Startup Name: Stoke Space
Industry: Space Technology
Region: United States
Amount (USD): $510 million
The problem it is solving: Stoke Space aims to make space transport more affordable, efficient, and sustainable by developing fully reusable rockets. The company is addressing the high costs and environmental impact of traditional rocket launches, seeking to make orbital cargo transport as routine as ground shipping services like UPS or FedEx.
What the Funds Will Be Spent On: The funds will accelerate the development of Stoke Space’s Nova reusable launch vehicle, expand research and production capabilities, and strengthen the company’s role in U.S. defence and commercial satellite missions under contracts like the National Security Space Launch program.
Startup Name: Clove
Industry: FinTech
Region: United Kingdom
Amount (USD): $14 million
The problem it is solving: Clove is addressing the inaccessibility of financial advisory services for everyday people. Traditional financial advisors typically cater only to high-net-worth individuals, leaving young professionals, families, and entrepreneurs underserved. Clove aims to democratise financial advice by blending human expertise with AI to make financial planning more accessible, affordable, and effective.
What the Funds Will Be Spent On: The funds will be used to expand Clove’s team — hiring financial advisers, engineers, designers, and system operators — and to continue developing its AI-powered advisory platform ahead of a full-scale launch in 2026, pending regulatory approval from the UK’s Financial Conduct Authority.
Startup Name: ClaimSorted
Industry: InsurTech
Region: United States
Amount (USD): $13.3 million
The problem it is solving: ClaimSorted is addressing inefficiencies in the insurance claims process, which is often slow, inconsistent, and costly due to heavy reliance on third-party administrators (TPAs). The startup’s platform modernises claims management by integrating human expertise with AI automation to deliver faster, more transparent, and cost-effective claims handling.
What the Funds Will Be Spent On: The funds will be used to accelerate product development, expand operations into key global markets, and strengthen partnerships with insurers seeking a more efficient and customer-friendly claims process.