Funded Startups in Summit
Across these five most recent Summit-area rounds, Nautilus Solar Energy’s $275M (Series Unknown, 2025-07-23) dwarfs the rest; it is the only disclosed roun…
Across these five most recent Summit-area rounds, Nautilus Solar Energy’s $275M (Series Unknown, 2025-07-23) dwarfs the rest; it is the only disclosed round above $50M, with the next-largest being GridUnity at $50M (Series Unknown, 2024-10-18). The disclosed values also show a wide spread: the smallest disclosed amount is Floating Point Group’s $2M on 2020-05-28 (Financial Services, no stage listed), while three of five rounds (GridUnity 2024-10-18, Spark Car Wash 2023-11-13, Floating Point Group 2020-05-28) fall far below the $100M range.
The list clusters heavily by city label: four of five entries are explicitly in Summit, New Jersey, with one additional entry simply labeled Summit, United States (Remedy Meds, 2025-11-22, $500K). Temporally, the rounds span 2020-05-28 to 2025-11-22, and only two rounds fall in 2025 (Remedy Meds on 2025-11-22 and Nautilus Solar Energy on 2025-07-23). In terms of stage/label coverage, two of five entries carry “Series Unknown” (Nautilus Solar Energy 2025-07-23, GridUnity 2024-10-18), while two are explicitly Series A/B and one has no stage classification shown.
Most recent rounds
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Frequently asked
What’s the largest disclosed round in this Summit listing, and how does it compare to the rest of the disclosed amounts?
Nautilus Solar Energy’s $275M (Series Unknown) on 2025-07-23 is the largest disclosed amount and stands well above the rest of the table. The next-largest disclosed round is GridUnity at $50M on 2024-10-18, and the remaining disclosed amounts are $30M (Spark Car Wash, 2023-11-13), $500K (Remedy Meds, 2025-11-22), and $2M (Floating Point Group, 2020-05-28).
Is there a city clustering effect (e.g., “Summit, New Jersey” vs other Summit labels)?
Yes: four of five entries specify “Summit, New Jersey, United States” (Nautilus Solar Energy, GridUnity, Spark Car Wash, Floating Point Group). The fifth entry—Remedy Meds—uses the broader label “Summit, United States” and is classified in Healthcare/Pharmaceuticals with a $500K round dated 2025-11-22.
Which rounds landed within the most recent 90 days shown on the page?
Using the latest date in the data (2025-11-22 for Remedy Meds), only Remedy Meds ($500K, 2025-11-22) falls within a 90-day window. The other 2025 entry, Nautilus Solar Energy ($275M, 2025-07-23), is more than 90 days earlier.
What stage mix dominates here, and how much of the dataset is “Series Unknown” or blank?
Two of five entries show “Series Unknown” (Nautilus Solar Energy on 2025-07-23 for $275M; GridUnity on 2024-10-18 for $50M). Two other entries are explicitly labeled Series A/B (Remedy Meds: Series A, $500K on 2025-11-22; Spark Car Wash: Series B, $30M on 2023-11-13), and one entry has no stage shown (Floating Point Group, Financial Services, $2M on 2020-05-28).
Are there sector outliers that differ from the rest of the listing’s mix?
The largest disclosed round comes from Energy (Nautilus Solar Energy at $275M on 2025-07-23), while AI (GridUnity at $50M on 2024-10-18) is the other high-dollar category. In contrast, the smallest disclosed amount is Financial Services (Floating Point Group at $2M on 2020-05-28), and Commerce and Shopping (Spark Car Wash at $30M on 2023-11-13) sits between those extremes; Healthcare/Pharmaceuticals is present only as a smaller $500K round (Remedy Meds on 2025-11-22).
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