Funded Startups in Lebanon
Across the 6 most recent Lebanon-linked startup rounds shown, Entek’s $1.2B (Manufacturing, 2024-07-09) is a clear outlier: it dwarfs the other disclosed a…
Across the 6 most recent Lebanon-linked startup rounds shown, Entek’s $1.2B (Manufacturing, 2024-07-09) is a clear outlier: it dwarfs the other disclosed amounts, which range from $1.2B down to $2M–$4M, with one undisclosed round (Celdara Medical, Biotechnology, 2024-10-03). The disclosed-size spread is also paired with a city-level split: four entries are tied to Lebanon, Ohio (Palarum $3M on 2025-05-21; Smart Response Technologies $2M on 2024-03-06; HorsePower Financial Services $40M on 2022-03-22), while two are tied to Lebanon, New Hampshire (FreshAir Sensor $4M on 2024-12-05; Celdara Medical undisclosed on 2024-10-03; Entek $1.2B on 2024-07-09).
Timing concentrates in 2024: 5 of the 6 listed rounds fall between 2024-03-06 and 2024-12-05, with the most recent closing on 2025-05-21 (Palarum). Sector coverage is narrow (no sector repeats 3+ times), but staging is heavily “Series Unknown”: 4 of 5 amount-disclosed rounds are marked “Series Unknown,” while HorsePower Financial Services is the only row with a specific stage label (“Debt Financing,” $40M on 2022-03-22).
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Frequently asked
What’s the largest disclosed round in this Lebanon set, and how does it compare to the next-largest disclosed amount?
Entek’s $1.2B (2024-07-09, Manufacturing) is the only disclosed round in the billion-dollar range, dwarfing the next-largest disclosed amount: HorsePower Financial Services’ $40M (2022-03-22, Financial Services). The remaining disclosed amounts cluster much closer together at $4M (FreshAir Sensor, 2024-12-05) and $3M (Palarum, 2025-05-21) down to $2M (Smart Response Technologies, 2024-03-06).
Do the rounds cluster in a narrow time window, or are they spread out across years?
They cluster in 2024: 5 of the 6 rows have round dates between 2024-03-06 (Smart Response Technologies) and 2024-12-05 (FreshAir Sensor). The only earlier outlier in the date range is HorsePower Financial Services at 2022-03-22, while the most recent row is Palarum on 2025-05-21.
Which locations are over-represented among the entries, considering the repeated “Lebanon” city names?
Lebanon, Ohio appears in 3 of 6 rows: Palarum ($3M, 2025-05-21), Smart Response Technologies ($2M, 2024-03-06), and HorsePower Financial Services ($40M, 2022-03-22). Lebanon, New Hampshire also appears in 3 of 6 rows: FreshAir Sensor ($4M, 2024-12-05), Celdara Medical (undisclosed, 2024-10-03), and Entek ($1.2B, 2024-07-09).
How does the stage mix look across the listed rounds, and is “Series Unknown” dominant?
Stage labeling is mostly non-specific: 4 of the 6 rows are marked “Series Unknown” (Palarum 2025-05-21, FreshAir Sensor 2024-12-05, Celdara Medical 2024-10-03, Entek 2024-07-09), with HorsePower Financial Services the only specifically labeled round (“Debt Financing,” $40M on 2022-03-22). Smart Response Technologies has a blank stage field on 2024-03-06 and is the remaining non-“Series Unknown” case.
Are there sector patterns or outliers worth calling out from this small list?
Sectors do not repeat 3+ times: Health Care (Palarum), Energy (FreshAir Sensor), Biotechnology (Celdara Medical), Manufacturing (Entek), AI (Smart Response Technologies), and Financial Services (HorsePower Financial Services) each appear once. The biggest sector outlier by disclosed size is Manufacturing via Entek’s $1.2B (2024-07-09), far above the Financial Services round at $40M (2022-03-22) and the sub-$10M rounds in Health Care and Energy.
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