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53 Startups Became Unicorns in July During a Busy VC Summer

July produced the second-highest number of unicorns this year, Crunchbase found. Among them are crypto startups FTX, Fireblocks, and OpenSea.

$3 7B Weight-Loss App Noom Wants to Outgrow Bumpy Past

How Lip-Sync App WOMBO Landed $6 Million After 200 VCs Said No

WOMBO Toronto startup Wombo has raised $6 million from investors such as Ashton Kutcher. CEO Ben-Zion Benkhin was so confident in Wombo that he dropped out of school to launch the startup. Wombo s lip-syncing app now has 49 million downloads, but 200 investors initially rejected it. Ben-Zion Benkhin just knew he had a smash hit on his hands. The 24-year-old had been studying artificial intelligence at the University of Toronto. But last year, he left school to devote his attention to building an app called Wombo, which would animate selfies to the tune of popular songs. But investors weren t convinced. That is, until Wombo hit 9 million downloads in just two weeks.

Proptech Startup Stavvy Raises $40 Million in Series a Funding

Stavvy's founders saw an opportunity to get documents notarized online during the pandemic. Before last year, it was a process mainly done in person.

See the Pitch Clearing Used to Raise $20 Million in Seed Funding

Clearing Clearing patients answer a series of questions during the intake process that assesses their pain. Using software, it provides a probable diagnosis and refers the patient to a clinician on its website or app. That clinician will prescribe a topical treatment developed by Clearing that is mailed to the patient. Clearing Patients are able to get a months worth of treatment and access to care for free. After the month is up, they can opt into a monthly, bimonthly, or annual subscription. Clearing does not currently accept insurance. Clearing With the funding, Clearing hopes to build additional services, such as a social network feature for chronic pain patients and offer other treatments like muscle relaxers.

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