The mission to reduce emissions is back on.
Jun 4, 2026
Kaley Ubellacker
Happy Wednesday! If you’re new here, welcome to Necessary Nuggets, your one-stop pre-seed shop. We deliver updates from Necessary Ventures and helpful tidbits on our little corner of the world. Every edition is also on our blog.
What's Happenings at Necessary Ventures:
Market Stirrings 🚩
Here's what the week looked like in pre-seed:
$10.7M
7
Data aggregated from proprietary research and Crunchbase; valuation estimate based on 10-20% ownership stake.
A SAAS-PICIOUS LEAD
SaaS startups are the undeniable winners of the pre-seed funding race in Q1, raising nearly four times the amount as the next highest industry, hardware. Notably, energy startups sank to the bottom of the pack, raising only $45 million, which is only 4% of SaaS startups’ total amount raised.
fintech
Ficus - Payouts without a stress-out.
Ficus raised $2.4 million from Better Tomorrow Ventures and the Founder Collective. Ficus is modernizing how life insurance payouts are delivered, replacing outdated processes with digital accounts for beneficiaries.
SaaS
Canyon Code - Meet the m(AI)nager.
Canyon Code raised $5 million led by Cota Capital. Canyon Code is creating an intelligence layer that manages fleets of AI agents, giving enterprises control over performance, cost, security, and access.
AI
Modiqo - Work reusable, not harder.
Modiqo raised 3 million led by Heavybit and Seligman Ventures. Modiqo is building an execution layer for AI agents that improves reliability by enabling teams to reuse successful workflows.
JOBORTUNITIES
| VP of Finance | - Copper:
Rethinking the induction stove and making kitchen electrification more accessible than ever. Picture a fossil-free future, without sacrificing aesthetics.
| Full Stack Software Engineer | - OneImaging:
Envisioning the future of transportation beyond cars and into the realm of personal electric vehicles. Its first product, P1, is the ultimate tool for city navigation.
Outro🚪
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Some last matters of business:
If you’re a technologist (engineer or product manager / designer with a technical background) join us on the NVTC LinkedIn group if you haven’t. We’d love to have you!
Sign up here if you’re interested in co-investing with Necessary.
If you’re a startup founder, we’d love to help where we can! Brex provides full-stack finance solutions for startups. Sign up via Necessary and get bonus points.
Thanks for reading, and see you next week!
