Freeway
Arizona

Tempe

Freeway partner cityData as of Oct 1, 2026
687
Companies
$21.0M
Venture funding in the last 12 months, 3 rounds
$729.1M
Venture funding, 2022–2026
23
Investor firms

Venture funding by year

* 2026 through Oct 2026. Rounds without a disclosed amount count as rounds, not dollars.
Show as a table
YearVenture fundingRounds
2019$686.1M21
2020$170.0M23
2021$285.4M20
2022$438.5M23
2023$55.7M6
2024$146.1M9
2025$67.8M7
2026*$21.0M3

Industries

  • Health86
  • Marketing55
  • Enterprise software50
  • Energy45
  • Fintech43
  • Real estate39
  • Education35
  • Food31
  • Semiconductors31
  • Media24

And 20 more industries.

Companies in Tempe

385–408 of 687 companies

  • Early stage · 1 employees

  • Merlin Therapeutics is a biopharmaceutical entity focused on addressing Neurofibromatosis type 2 (NF2), a rare genetic disorder. The company's research and development efforts are directed at finding treatments for this condition, which affects approximately 1 in 30,000 people worldwide.The core of the medical problem is a defect in the NF2 gene. This gene is responsible for producing the Merlin protein, which acts as a tumor suppressor. Its malfunction leads to the uniform growth of multiple tumors, including schwannomas, meningiomas, and ependymomas, throughout the central and peripheral nervous systems.Operating within the orphan drug market, Merlin Therapeutics targets a specific patient population with a high unmet medical need. The business model is centered on drug discovery and clinical development, with the ultimate goal of creating a viable cure or treatment for NF2. Revenue generation would likely depend on the successful development, regulatory approval, and commercialization of a therapeutic product, potentially through licensing agreements or direct sales.

    Early stage · 2–10 employees

  • Early stage · 1 employees

  • Early stage · 2–10 employees

  • Millenium IT Technology

    Hosting, Semiconductors

    Early stage · 11–50 employees

  • Early stage · 2–10 employees

  • Mirabella at ASU is a unique Life Plan Community strategically located on the Arizona State University campus, catering to retirees who value lifelong learning and cultural engagement. This university-based retirement community (UBRC) provides residents with the opportunity to audit classes, attend cultural events, and mentor students, fostering a vibrant intergenerational environment. The community offers a continuum of care, including assistance with daily living activities and specialized nursing care, ensuring residents can enjoy their present while securing their future. Mirabella at ASU serves individuals who are planners at heart, seeking a meaningful and active retirement lifestyle. The business model revolves around providing a comprehensive living experience that integrates educational and social opportunities, making it a desirable choice for retirees who wish to remain intellectually and socially active. The community generates revenue through residency fees, which encompass access to its extensive range of services and amenities.

    Early stage

  • Mixlar Labs specializes in developing advanced audio control solutions, primarily targeting gamers, streamers, and content creators. The company operates in the audio equipment market, offering a unique product known as the Mixlar Mixer. This device provides users with precise control over application volumes through a straightforward 5-slider interface, enhancing the audio management experience during gaming or streaming sessions. Mixlar Labs generates revenue by selling these customizable mixers, which can be personalized with various housing options and key caps. The business model focuses on direct sales to consumers, with additional revenue streams from accessories and exclusive programs for creators with significant followings. By fostering a collaborative environment, Mixlar Labs invests in a dedicated team to drive innovation and meet the evolving needs of its clientele.

    Early stage

  • Mobile Fused

    Marketing

    Early stage · 2–10 employees

  • Modavox

    Hosting

    Breakout · 51–200 employees

  • Early stage · 11–50 employees

  • Early stage

  • Early stage

  • Early stage · 1 employees

  • Moro

    Real estate

    Moro Corporation is a holding company that operates through a portfolio of subsidiaries in the construction industry. The company's business is structured into two primary divisions: Construction Materials and Construction Services. These divisions serve a range of clients including commercial and residential customers, contractors, and builders across the Mid-Atlantic and New England regions of the United States. The Construction Materials division specializes in the fabrication and distribution of concrete reinforcing steel (rebar), structural steel, and other construction products like wire mesh and bar supports. This segment supplies essential materials for infrastructure projects such as buildings, bridges, foundations, and roads. The Construction Services division offers a suite of mechanical and electrical contracting services. This includes the installation and maintenance of HVAC systems, plumbing, process piping, and high-voltage electrical systems for various sectors like healthcare, manufacturing, and transportation. The company was founded in 1992 and operates by acquiring established businesses with loyal customer bases and strong brand identities in their respective niche markets. Its key subsidiaries include Appolo Heating, Rondout Electric, J.M. Ahle Co., and Whaling City Iron, each with its own long history prior to being acquired by Moro. For instance, J.M. Ahle was purchased in 2000, Whaling City Iron in 2004, Appolo Heating in 2006, and Rondout Electric in 2010. On December 29, 2025, it was announced that private equity firm Blackford Capital would acquire Moro Corporation in an all-cash transaction valued at approximately $34.2 million, which will result in the company being taken private.

    Early stage · 2–10 employees

  • Morphos Ai

    Enterprise software

    Early stage · 11–50 employees · $500K raised

  • Movable Ai

    Marketing

    The company provides an AI-driven platform designed to streamline the book-writing process, particularly for non-fiction content. It serves a diverse client base, from subject matter experts aiming to share their knowledge to individuals wanting to document personal experiences. The business operates on a subscription-based model, offering packages that allow for the creation of multiple books per year. Revenue is generated by providing users with access to its suite of AI-powered tools. The core service is a platform that transforms a user's single "big idea" into a comprehensive first draft of over 35,000 words, complete with a book proposal, marketing plan, and research, in a short amount of time. An "AI Interview Mode" functions similarly to a ghostwriter, interacting with the user to capture their unique voice, tone, and style for the manuscript. The platform's features extend beyond content generation to include creating marketing strategies, conducting research, and offering seamless integration with Google Docs for collaborative editing. Additionally, MovableType.ai provides an effortless audiobook creation tool, with plans to support over 50 languages, enabling authors to tap into the growing audiobook market.

    Early stage · 2–10 employees

  • Msquare Technologies

    Marketing, Enterprise software

    MSquare Technologies operates as a technology services and consulting firm, providing a comprehensive suite of digital solutions to a diverse client base. The company's core offerings encompass web, mobile, and enterprise application development, utilizing technologies such as React Native and Angular. It also provides cloud infrastructure services through Amazon Web Services (AWS) and Azure, data analytics, and Internet of Things (IoT) application development for smart homes, retail, and manufacturing.In addition to development, the firm offers consulting services in software architecture and UI/UX design. A significant part of its business involves digital marketing, including SEO, link building, and paid promotion, aimed at generating sales opportunities for its clients. The business model appears to be project-based and service-oriented, likely generating revenue through service fees for development projects, consulting engagements, and staff augmentation, where they supply developers to other companies.MSquare serves a broad spectrum of industries, including Banking & Financial Services, Healthcare, Life Sciences, Insurance, Manufacturing, Media & Entertainment, Transportation & Logistics, and Travel & Hospitality. This wide market focus suggests a strategy of leveraging its technical capabilities across various sectors rather than specializing in a single niche.

    Early stage · 11–50 employees

  • musicPlayce

    Transportation

    Early stage · 2–10 employees

  • MWI Lab

    Semiconductors

    Early stage · 2–10 employees

  • The organization addresses the challenges faced by approximately 1 in 20 children with DNA differences and 1 in 5 with developmental differences. Chromodiversity provides science-based tools and mentorship, leveraging both personal experience and expert knowledge to empower families. The organization operates through innovative platforms such as eXtraordinarY eXperiences for eXtraordinarY Kids, the Chromodiversity, and the 47 Challenge. By coining the term 'chromodiversity', the organization aims to foster a positive and inclusive view of genetic differences, moving away from pathologizing language. Supported by a world-class advisory board, Chromodiversity brings together diverse expertise to shape its initiatives, helping families navigate complex healthcare and education systems. The organization serves families who struggle to access necessary resources, aiming to prevent delayed interventions that can impact long-term outcomes.

    Early stage · 11–50 employees

  • MyBrandForce

    Marketing

    Early stage · 11–50 employees

  • MyGovUSA is a nonprofit organization dedicated to educating and inspiring civic engagement across the United States. The organization operates an interactive civics platform, collegiate clubs, and local chapters to engage Americans in the political process, regardless of their political affiliation, religion, race, or creed. MyGovUSA aims to create a more informed and active electorate by providing a non-judgmental space for individuals to ask questions, explore political topics, and connect with others. The organization serves a diverse range of clients, including students, young professionals, and community members who are interested in becoming more politically active. MyGovUSA operates in the civic engagement and political education market, utilizing a nonprofit business model that relies on donations, grants, and partnerships to fund its initiatives. The organization makes money through fundraising events, membership fees for collegiate clubs, and sponsorships from businesses and other organizations that support its mission. By fostering a younger, interactive voting block, MyGovUSA aims to bridge the gap between elected officials and their constituents, ultimately contributing to a more engaged and informed society.

    Early stage · 2–10 employees

  • Early stage · 2–10 employees

Recent venture rounds

CompanyRoundAmountDateInvestors
ProPlaintiff.aiEarly VCUndisclosedJul 2026Not disclosed
BasataSeries A$21.0MMay 2026Cowboy Ventures, Basis Set Ventures, PHX Ventures +1 more
LifeGuidesGrowth Equity VCUndisclosedJan 2026Castellan Group
RunBuggySeries B$37.0MOct 2025Centana Growth Partners
DMD systems Recovery, Inc.Growth Equity VCUndisclosedSep 2025Tailwind Capital
Shilo AISeed$2.6MJun 2025The Levi Rodgers Real Estate Group, The MPH Team, AZ-VC +6 more
SolestialSeries A$17.0MMay 2025Techstars, Airbus Ventures, AE Ventures +6 more
UplinqSeries A$10.0MMay 2025LiveOak Venture Partners, Next Coast Ventures, AZ-VC
Morphos AiEarly VC$500KMay 2025Not disclosed
PurityresourceSeed$680KApr 2025Not disclosed
Accelerators and programs

Source: Dealroom, data as of Oct 1, 2026. Venture funding sums venture-type rounds with a disclosed amount; rounds raised by companies already public or bought out are left out. The last 12 months run from Nov 2025 to Oct 2026.

Founders, team members and individual investors are never shown, and company descriptions have sentences naming people removed.