It was a slow start to the week on the Bay Area's funding front.
Just two local startups had new funding deals Monday, both of them seed rounds. Here are the details on those deals, along with news of a Bay Area special purpose acquisition company that announced a tentative merger agreement last week:
Fundings
Scale3 Labs Inc., San Jose, $5.3 million: Redpoint Ventures led the seed round for this provider of blockchain security software. Mysten Labs and Howard University also invested.
Shimmer Inc., San Francisco, $1.3 million: Y Combinator, Honeystone Ventures, Koa Labs, CVS Health vice president Megan Hall and Gaingels were among the investors in the seed round for this provider of online coaching for those with attention deficit/hyperactivity disorder.
SPACs
GigCapital5 Inc. last week announced it and QT Imaging Inc. have signed a non-binding term sheet for a merger that would take the latter public. The companies aim to complete their merger in the first half of next year....
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