5 Interesting Startup Deals You May Have Missed: On-Demand Custom Manufacturing, Underwater Geothermal Energy, And Adventure Group Travel

Overview

Crunchbase News rounds up five notable startup funding deals from the past month that flew under the radar. The featured rounds include SendCutSend, a custom metal manufacturer that took its first outside funding, and Nourish, a metabolic health startup. The column highlights deals spanning manufacturing, healthcare and other sectors.

Key Takeaways

SendCutSend raised $110 million in its first venture round at a reported $1 billion valuation.
The SendCutSend round was led by Stripe founders John and Patrick Collison, with Sequoia Capital and Paradigm.
SendCutSend was bootstrapped by CEO Jim Belosic since 2018 before AI-driven order demand prompted outside investment.
Nourish raised a $100 million Series C led by Menlo Ventures, bringing total funding to just over $213 million.
Nourish pairs more than 10,000 registered dietitians with AI coaching, lab testing and virtual care.
Other deals in the column span underwater geothermal energy and adventure group travel.

Stats & Key Facts

#$110 million raised by SendCutSend
#Reported $1 billion valuation for SendCutSend
#SendCutSend founded in 2018
#$100 million Series C for Nourish
#Nourish total funding just over $213 million
#More than 10,000 registered dietitians at Nourish

5 Interesting Startup Deals You May Have Missed: On-Demand Custom Manufacturing, Underwater Geothermal Energy, And Adventure Group Travel

About the column

This is a recurring Crunchbase News feature.

›A monthly column highlighting five interesting startup funding deals that flew under the radar.
›Deals span sectors from custom manufacturing to underwater geothermal energy and group travel.
›The roundup is written by Marlize van Romburgh.

The column gathers funded startups that caught the writers' attention over the past month, including a custom metal manufacturer and a startup providing geothermal energy from underwater volcanoes to small island nations.

SendCutSend's $110M round

›Reno, Nevada-based SendCutSend raised $110 million at a reported $1 billion valuation.
›The round was led by Stripe founders John and Patrick Collison, along with Sequoia Capital and Paradigm.
›It was the company's first venture investment.

SendCutSend operates an on-demand manufacturing platform specializing in custom-cut metal and fabrication. The round came only after Sequoia's Andrew Reed flew to Reno to woo CEO Jim Belosic into accepting Silicon Valley backing.

How SendCutSend grew

›Belosic bootstrapped the company, founded in 2018, with personal savings, bank loans and credit cards.
›He held little interest in startup investors until orders surged.
›Demand came from AI-driven industries including robotics and data centers.

Belosic told The Wall Street Journal that he realized the business needed outside investment to grow after being flooded with orders earlier this year. Investor Matt Huang of Paradigm said robots, defense companies, rocket companies and electric-car companies all need very fast turn prototyping, and noted the investment was Paradigm's first into the manufacturing sector.

Nourish's $100M Series C

›New York-based Nourish raised a $100 million Series C led by Menlo Ventures.
›Backers included Y Combinator, Thrive Capital, Operator Partners and Maverick Ventures.
›The round brings total funding to just over $213 million.

Nourish, founded in 2021, operates what it describes as the country's largest dietitian-led metabolic health clinic, combining dietitians, AI tools and GLP-1 medication management.

Nourish's approach

›Pairs more than 10,000 registered dietitians with AI coaching, lab testing and virtual care.
›Has expanded into GLP-1 prescribing and medication management.
›Partnered with hundreds of U.S. health insurers, with service covered by most plans.

Nourish argues that the next phase of the GLP-1 boom will require more than prescriptions, positioning itself as a broader metabolic health platform focused on nutrition, behavior change and ongoing clinical support, since many patients struggle to stay on the drugs or maintain results after stopping.

Frequently Asked Questions

How much did SendCutSend raise and at what valuation?

SendCutSend raised $110 million at a reported $1 billion valuation in its first venture round.

Who led the SendCutSend round?

It was led by Stripe founders John and Patrick Collison, along with Sequoia Capital and Paradigm.

What does SendCutSend do?

It operates an on-demand manufacturing platform specializing in custom-cut metal and fabrication, founded in 2018 and previously bootstrapped.

How much did Nourish raise and what is its total funding?

Nourish raised a $100 million Series C led by Menlo Ventures, bringing total funding to just over $213 million.

What does Nourish offer?

It pairs more than 10,000 registered dietitians with AI coaching, lab testing and virtual care, and has expanded into GLP-1 prescribing and medication management.

The roundup highlights large rounds for SendCutSend and Nourish alongside other under-the-radar startup deals from the month.