Funded Startups in Rhode Island
Among the 50 most recent Rhode Island-funded rounds shown, the largest disclosed amount is Lilac Solutions’ $145M Series C on 2024-02-12, which dwarfs ever…
Among the 50 most recent Rhode Island-funded rounds shown, the largest disclosed amount is Lilac Solutions’ $145M Series C on 2024-02-12, which dwarfs every other disclosed entry (the next-highest disclosed figure is Rhode Island Infrastructure Bank’s $77M on 2023-06-13). A second clear pattern appears in time: a dense cluster runs through late 2023, with multiple rounds in May 2023 (e.g., Big Picture Learning $2M on 2023-05-09; J. Goodison Company $700K and Senesco Marine $740K on 2023-05-03) and additional entries in late 2023 such as Intus Care $11M on 2024-11-14 and Ocean Biomedical $10M on 2023-10-04. Sector mix is concentrated in “Series Unknown” classifications—39 of 50 rows—while “undisclosed” amounts add another 5 rows (e.g., Share Winter Foundation on 2024-11-02). Geography is broadly Providence-centric (many entries list Providence), while Newport shows up repeatedly as well (e.g., Jaia Robotics $2M on 2024-12-12; The Wanderlust Group $30M on 2022-01-19), and the listing spans from 2021-04-02 (Siren Marine, $3M) to 2025-08-21 (MagicBlocks, $230K).
Most recent rounds
50 shownRelated listings
Frequently asked
What’s the largest disclosed round in this Rhode Island list, and how extreme is it versus the rest?
Lilac Solutions’ $145M Series C (2024-02-12) is the only disclosed amount above $100M; the next-largest disclosed figure is $77M from Rhode Island Infrastructure Bank (2023-06-13). That gap makes the largest round a clear outlier relative to all other disclosed amounts.
Do the recent rounds cluster in a narrow time window, or are they spread out evenly?
They’re spread across 2021-04-02 to 2025-08-21, but there is noticeable density in mid-2023 (multiple entries in early May 2023, including $2M for Big Picture Learning on 2023-05-09 and $700K/$740K for J. Goodison Company/Senesco Marine on 2023-05-03). Recent years also show another concentration around 2024, with entries such as Intus Care ($11M on 2024-11-14), HavocAI ($12M on 2024-09-16), and Lilac Solutions ($145M on 2024-02-12).
How much of the list is “Series Unknown” versus rounds with a stated stage, and what does that imply for comparability?
“Series Unknown” appears in 39 of 50 rows, while “undisclosed” amounts occur in 5 rows (for example, Share Winter Foundation on 2024-11-02 and RelayHub on 2024-10-23). With so few rounds carrying a specified stage, cross-company comparisons by stage are limited in this dataset.
Which geography shows up most often, and are there repeat-city patterns worth checking?
Providence is the most frequently listed city across entries (e.g., MagicBlocks in 2025-08-21; Intus Care in 2024-11-14; Capital Good Fund in 2024-04-05), and Newport also repeats (Jaia Robotics on 2024-12-12; RelayHub on 2024-10-23; The Wanderlust Group on 2022-01-19). That combination suggests activity is concentrated around a small number of metro areas rather than evenly distributed across all municipalities.
Are there outlier sectors or cases where the amount profile differs sharply from the dominant pattern?
The clearest amount outlier is Lilac Solutions ($145M in energy, 2024-02-12) relative to the rest of the disclosed amounts, which sit mostly in the hundreds of thousands to low tens of millions range (e.g., $11M Intus Care on 2024-11-14 and $13M Nabsys on 2022-11-09). Stage clarity also varies: some sizeable rounds are tied to named stages (Lilac Solutions Series C; Utilidata Series D $27M on 2022-02-08), while many large entries still fall under “Series Unknown” (e.g., $77M Rhode Island Infrastructure Bank on 2023-06-13).
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