Funded Startups in Tempe
Tempe entries span 2020-06-17 (Zero Mass Water) through 2025-11-06 (Gut Brain Axis Therapeutics), with the most recent 2025 rounds clustering across late Q…
Tempe entries span 2020-06-17 (Zero Mass Water) through 2025-11-06 (Gut Brain Axis Therapeutics), with the most recent 2025 rounds clustering across late Q3 to late Q4 (e.g., VigilanteX on 2025-08-06 for $4M; Wrap Technologies on 2025-08-18 for $5M; Gut Brain Axis Therapeutics on 2025-11-06 for $2M). On disclosed deal sizes, the largest disclosed round is Source’s $130M (2022-07-19), which dwarfs the next-largest disclosed amounts in the list: Oats Overnight at $35M (2024-07-29), GT Medical Technologies at $37M (2025-01-16), and Erthos at $24M (2023-09-11).
Sector and stage disclosure patterns add structure: Energy appears in 3+ entries (Erthos, Solestial, Source, Zero Mass Water), while “undisclosed” amounts show up multiple times (DMD Systems 2025-09-18; Maricopa Community Colleges Foundation 2024-07-24; ElevateU 2021-11-01). “Series Unknown” classifications also recur (e.g., Wrap Technologies is “Series Unknown” on 2025-08-18 for $5M; TruLite Health on 2024-11-22 for $3M), indicating that stage-by-stage comparisons require caution even when amounts are disclosed.
Most recent rounds
24 shownRelated listings
Frequently asked
What disclosed round is the outlier in Tempe, and how does it compare with the rest of the disclosed amounts?
Source’s $130M round on 2022-07-19 is the only disclosed amount above $100M and materially larger than other high disclosed rounds like GT Medical Technologies at $37M (2025-01-16), Oats Overnight at $35M (2024-07-29), and Erthos at $24M (2023-09-11).
Do multiple rounds cluster in a narrow time window, or are they evenly spread across 2020–2025?
They’re not evenly spread: several larger, disclosed rounds cluster in 2022–2024 (e.g., Source $130M on 2022-07-19; Culdesac $30M on 2022-01-20; Persefoni $50M on 2023-08-11; Oats Overnight $35M on 2024-07-29). The most recent year also shows a late-year concentration with August 2025 rounds such as Wrap Technologies ($5M on 2025-08-18) and VigilanteX ($4M on 2025-08-06).
Are any sectors over-represented in this Tempe list, versus one-off appearances?
Energy is the clearest repeat sector, appearing in at least four rows: Solestial ($850K on 2023-11-07), Erthos ($24M on 2023-09-11), Source ($130M on 2022-07-19), and Zero Mass Water ($50M on 2020-06-17). Other sectors appear fewer times and don’t show a comparable concentration in the shown rows.
How much of the list has missing deal size or missing/unclear stage, and what does that imply for comparisons?
Undisclosed amounts occur in multiple rows (DMD Systems on 2025-09-18; Maricopa Community Colleges Foundation on 2024-07-24; ElevateU on 2021-11-01), while “Series Unknown” shows up repeatedly (e.g., Wrap Technologies on 2025-08-18 for $5M; TruLite Health on 2024-11-22 for $3M; Systrends on 2025-02-19 is also “Series Unknown”). This means stage and size rankings based only on disclosed amounts can skew toward the entries with reported figures.
What portion of the most recent entries still follow a conventional reporting pattern (disclosed amounts), and where are the reporting gaps?
In the newest cluster (2025), disclosed amounts include Gut Brain Axis Therapeutics ($2M on 2025-11-06), Wrap Technologies ($5M on 2025-08-18), VigilanteX ($4M on 2025-08-06), and GT Medical Technologies ($37M on 2025-01-16), but DMD Systems on 2025-09-18 is explicitly “undisclosed.” That mix suggests analysts should separate “amount-ranked” views from “all-rounds” views when prioritizing outreach.
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