Funded Startups in Chapel Hill
Disclosed round sizes in Chapel Hill cluster heavily below the top end: the largest disclosed amount is $350M for CData Software on 2024-06-27, dwarfing th…
Disclosed round sizes in Chapel Hill cluster heavily below the top end: the largest disclosed amount is $350M for CData Software on 2024-06-27, dwarfing the next-largest disclosed rounds of $175M (Heelstone Renewable Energy, 2023-03-01) and $200K-level outliers (e.g., Tromml at $100K on 2023-08-13 and Made Trade at $200K on 2023-02-09). The list spans 28 entries from 2020-09-02 (Asklepios BioPharmaceutical) to the most recent 2026-05-06 (Article 41), with the most recent 12 months (2025-04-15 through 2026-05-06) containing multiple large outliers such as Well’s $30M on 2025-04-15 and SonoVascular’s $6M on 2026-02-03.
Sector and stage patterns are also concentrated. Health Care appears repeatedly (SonoVascular, iOrganBio, TrackX Technology, Keona Health, Bleep), and “Series Unknown” is common (five entries with that label), alongside additional undisclosed amounts (including NUVA Digital at $5M but with several “undisclosed” rows such as Article 41 on 2026-05-06).
Most recent rounds
28 shownRelated listings
Frequently asked
What stands out on deal size in this Chapel Hill set, and how extreme is it?
CData Software’s $350M round on 2024-06-27 is the largest disclosed amount in the 28-row list and is far above the next-largest disclosed rounds of $175M (Heelstone Renewable Energy, 2023-03-01) and $60K (LiRA Global, 2023-10-05 is the smallest disclosed amount among disclosed rows; $100K is next at Tromml, 2023-08-13).
Do the most recent rounds cluster into a narrow window?
Yes. From 2025-04-15 (Well $30M) through the latest entry on 2026-05-06 (Article 41, undisclosed), there are multiple entries including NUVA Digital ($5M, 2026-04-28) and SonoVascular ($6M, 2026-02-03), indicating repeated activity in the last ~14 months rather than only one or two releases.
Which stage label dominates, and how does it relate to disclosed-vs-undisclosed amounts?
“Series Unknown” appears as a named classification on five entries (e.g., Well 2025-04-15 is “Series Unknown” at $30M; Doron Therapeutics is not labeled that way and is “Series A”). In parallel, “undisclosed” amounts show up on multiple rows (e.g., Article 41 on 2026-05-06 and Virnika on 2024-10-01), so stage can be known even when the dollar amount is not.
Are any sectors over-represented compared with the rest of the list?
Health Care is the clearest cluster, showing up across multiple companies and dates (SonoVascular, iOrganBio, TrackX Technology, Keona Health, Bleep). Biotechnology also appears often (iOrganBio, Doron Therapeutics, EpiCypher, Tenax Therapeutics, IMMvention Therapeutix, Asklepios BioPharmaceutical), suggesting life-science activity is a recurring theme rather than a single isolated deal.
Any notable geographic outlier within the city axis?
Most entries are labeled “Chapel Hill, North Carolina,” but United Communications is an outlier by geography: it lists “Chapel Hill, Tennessee” with a disclosed $8M on 2024-05-21, while the rest of the TN-labeled exception is not repeated elsewhere in the shown rows.
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