Sourcery (8/10-8/14)
Impossible Foods, Gong, Thirty Madison, Eden Health, Nurx, Censys, Till, Mighty, and Hims SPAC plans
Last Week (8/10-8/14):
Relevant deals include the 60+ deals across stages below.
I've categorized the deals below into three categories, Care, Future of Work and Sustainability, and ordered from later-stage rounds to early-stage rounds. Highlighted deals include Impossible Foods, Gong, Thirty Madison, Eden Health, Nurx, Censys, Till, Mighty, and Hims SPAC plans.
Final numbers on Top Selling Drugs in the US at the bottom.
Deals
Sources: TS, Pro Rata, FinSMEs, Pitchbook, StrictlyVC
Care:
- Atomwise, a San Francisco-based startup using AI in drug discovery, raised $123 million in Series B funding. Sanabil Investments and B Capital led the round.
- Thirty Madison, a NYC-based digital health company, has raised $47 million in Series B funding led by Polaris Partners, with Johnson & Johnson Innovation, Maveron, and Northzone also participating. http://axios.link/Y8bn
- Lumeon, a Boston-based care digital platform for hospitals and clinics, raised $30 million in Series D funding. Optum Ventures and Endeavour Vision led the round and was joined by investors including LSP, MTIP, IPF Partners, Gilde and Amadeus Capital Partners.
- Reify Health, a 10-year-old, Boston-based company that markets cloud computing systems for the biopharma industry, has raised $30 million in Series B funding led by Battery Ventures, with participation from Sierra Ventures and Asset Management Ventures. MedCity News has more here.
- Eden Health, a New York-based medical practice, raised $25 million in Series B funding. Flare Capital Partners led the round and was joined by investors including principals from Stone Point Capital, Greycroft, PJC, Max Ventures and Aspect Ventures.
- Nurx, a San Francisco-based digital practice for women’s health, raised an additional $22.5 million in funding. Trustbridge led the round and was joined by investors including Comcast Ventures, and Wittington Ventures.
- mPulse Mobile, a Los Angeles, CA-based provider of Conversational Artificial Intelligence (AI) solutions for the healthcare industry, raised more than $16m in Series C funding (read here)
- Vicarious Surgical, a Boston, Mass.-based maker of a surgical robotics platform, raised $13.2 million in funding. Philip Liang of E15 Capital led the round and was joined by investors including Bill Gates, Khosla Ventures, Innovation Endeavors, and AME Cloud Ventures.
- Cecelia Health, a NYC-based maker of management tools for diabetes and other chronic diseases, has raised $13 million in Series B funding led by Rittenhouse Ventures and Endo Investors, with Boston Millennia Partners, SustainVC, G100 Capital, and others also participating. www.ceceliahealth.com
- Bodyport, a San Francisco-based digital health company focused on the detection and management of heart disease, raised $11.2 million in Series A funding. Boehringer Ingelheim Venture Fund led the round and was joined by existing investors Playground Global and Initialized Capital.
- Labster, a Boston-based producer of virtual laboratory simulations, raised $9 million in funding. GGV Capital led the round.
- Allergy Amulet, a Madison, Wis.-based company with a portable allergen sensor, raised $3.3 million in seed funding. TitletownTech, a joint venture between Microsoft and the Green Bay Packers, led the round.
- Sift Healthcare, a Milwaukee-based data science and analytics company that brings AI to healthcare payments, raised $2.8M in funding (read here)
Take Command Health, a Dallas-based health reimbursement arrangement administrator, closed a $2m bridge round (read here)
- Brella Insurance, a New York-based provider of a health insurance plan for Texas-based employers and their teams, raised an additional $1.5 million. Investors include Digitalis, Operator Partners, and angel investor Ron Bouganim.
- Clearstep Health, a New York-based virtual triage platform, raised $1.3 million in pre-seed funding. RRE Ventures, Newark Venture Partners, and OCA Ventures invested.
. . .
Future of Work:
- Fanatics, the nine-year-old, Conshohocken, Pa.-based sports retailer, has closed on $350 million in Series E funding at a post-money valuation of $6.2 billion, says the WSJ. Fidelity Management & Research Co. and Thrive Capital led the round, joined by Franklin Templeton Investments and Neuberger Berman Group. Fanatics has raised roughly $1.5 billion over the years, including from SoftBank Group, the National Football League and Major League Baseball. More here.
- Gong, a San Francisco-based maker of revenue analytics software, has raised $200 million in Series D funding at a valuation of $2.2 billion led by Coatue, with Index Ventures, Salesforce Ventures and Thrive Capital, Battery Ventures, NextWorld Capital, Norwest Venture Partners, Sequoia Capital and Wing Venture Capital also participating. www.gong.io
- Allbirds, the San Francisco-based direct-to-consumer shoemaker, is in talks to raise an undisclosed amount from Franklin Templeton that would value the company above its $1.4 billion valuation in 2018, per Bloomberg. Read more.
- General Atlantic has acquired a 21% stake in Gymshark, a U.K.-based fitness apparel company, valuing the company at more than £1 billion ($1.3 billion). http://axios.link/389L
- Trumid, a NYC-based bond trading platform, has raised $200 million in new funding at a valuation of more than $1 billion led by Dragoneer, with funds and accounts managed by T. Rowe Price Group, BlackRock, TPG and others also participating. http://axios.link/qvVH
- - Wildlife, a San Francisco-based mobile gaming companies, raised $120 million in funding led by Vulcan Capital and was joined by investors including Human Capital.
- PayActiv, a San Jose-based provider of tools earned wage and personal finance management, has raised $100 million in Series C funding led by Eldridge, with Generation Partners and Ziegler Link-Age also participating. http://axios.link/CoK7
- Coda, a San Francisco-based startup which helps users collaborate in online documents, raised $80 million in a funding round that values the company at $636 million. Kleiner Perkins led the round, and was joined by existing investors Greylock, Khosla Ventures and General Catalyst. Read more.
- Blend, a San Francisco-based lending company, has raised $75 million in Series F funding at a valuation of almost $1.7 billion led by Canapi Ventures, with Temasek, General Atlantic, 8VC, Greylock, and Emergence also participating. http://axios.link/sEG7
- SiFive, a San Mateo, Calif.-based semiconductors startup, has raised $61 million in Series E funding led by SK hynix, with Prosperity7 Ventures, Sutter Hill Ventures, Western Digital Capital, Qualcomm Ventures, Intel Capital, Osage University Partners, and Spark Capital also participating. http://axios.link/06BY
- Parsable, a San Francisco-based platform for industrial companies, raised $60 million in a Series D funding. Activate Capital and Glade Brook Capital Partners co-led the round, and were joined by investors including Alumni Ventures Group, Cisco Investments, Downing Ventures, Evolv Ventures,Princeville Capital, Lightspeed Venture Partners, Future Fund and B37 Ventures.
- Skillshare, a New York-based online learning platform, raised $66 million in funding. OMERS Growth Equity led the round.
- Pattern, a seven-year-old, Salt Lake City, Ut.-based reseller that helps large and small brands optimize their sales on marketplaces like Amazon, eBay, Walmart and Google Shopping, has raised $52 in funding. Ainge Advisory and KSV Global co-led the round. TechCrunch has more here.
- Perimeter 81, a Tel Aviv-based VPN provider, raised $40 million in Series B funding. Insight Partners led the round.
- Mux, a San Francisco-based video platform for developers,raised $37 million in Series C funding. Andreessen Horowitz led the round and was joined by investors including Cobalt and Accel.
- Kin Insurance, a Chicago-based insurance technology company, raised $35 million in Series B funding. Commerce Ventures led the round and was joined by investors including Hudson Structured Capital Management), Flourish Ventures, QED, Alpha Edison, Allegis NL Capital, Avanta Ventures, August Capital, and the University of Chicago.
- Simplebet, a New York-based sports betting technology company, raised $35 million in total after closing an $11 million Series B in March. Investors include San Francisco Giants Baseball Club, David Blitzer (Co-Owner & Co-Managing Partner, Philadelphia 76ers), Jeff Mallett (Founding COO & President, Yahoo), Steve Ellman (former owner/Chairman, Phoenix Coyotes), David Levy (Former, AT&T/Warner Media), and Howard Schultz (Chairman Emeritus, Starbucks).
- Omaze, a Los Angeles-based online fundraising platform, raised $30 million in Series B funding. FirstMark Capital led the round and was joined by investors including Causeway Media Partners, BDMI, Tusk Ventures, Inherent Group, Gaingels, Penni Thow’s Copper and Guy Oseary.
- K2View, a Dallas-based maker of data management software, has raised $28 million in funding round led by Forestay Capital, with Genesis Partners also participating. www.k2view.com
- Fyllo, a Chicago-based maker of a compliance platform, raised $10 million, closing its Series A funding round at $26 million. JW Asset Management and K2 & Associates led the investment and was joined by investors including Arcadian, Salveo Capital and Phyto Partners.
- Arevo, a Milpitas, Calif.-based composites manufacturing startups, has raised $25 million in Series B funding led by Defy Partners and GGV Capital, with Khosla Ventures, Alabaster, and others also participating. www.arevo.com
- cred.ai, a Philadelphia-based credit card fintech company, raised over $18 million in Series A funding Darco Capital led the round and was joined by investors including MichaelRubin, BenSimmons, John Legend and Tim Armstrong.
- High Definition Vehicle Insurance, a Chicago-based commercial auto insurance business, raised $16 million in Series A funding led by 8VC and Munich Re Ventures. They were joined by Qualcomm Ventures and Autotech Ventures.
- GoSite, a San Diego, Calif.-based platform for small businesses to transition operations online, raised $16 million in Series A funding. Longley Capital led the round and was joined by investors including Stage 2 Capital, Ankona Capital, Serra Ventures, and SaaS Ventures.
- Censys, an Ann Arbor, Mich.-based cybersecurity company, raised $15.5 million in Series A funding. GV and Decibel led the round and were joined by Greylock Partners.
- Public Goods, a NYC-based startup selling essential consumer packaged goods, has raised $15 million in new funding from L Catterton’s Growth Fund. www.publicgoods.com
- Stream, a five-year-old, Boulder- and Amsterdam-based startup whose APIs aim to help product teams build chat and activity feeds quickly and cost-effectively, has closed a $15 million Series A round that was led by GGV Capital and included 01 Advisors, Knight, seed round lead investor Arthur Ventures, and other backers, including Datadog CEO Olivier Pomel and GitHub cofounder Tom Preston-Werner. The round brings the company’s total funding to $20.25 million. We talked with the company for TechCrunch.
- Routable , a San Francisco-based business-to-business payments service, raised $16 million total with $12 million in Series A funding from Y Combinator, Founders Co-Op, Lee Fixel, Box Group, as well as Liquid 2 Ventures, Jason Gardner, Gokul Rajaram, Aaron Schildkrout, Sam Hodges, and Immad Akhund.
- Natural Fiber Welding, a Peoria, Ill.-based textiles startup, raised $13 million in funding as it prepares to take its breakthrough technology to commercial scale. The round was led by Ralph Lauren.
- Oomnitza, a San Francisco-based platform for tracking and securing digital assets, raised $12.5 million in Series B funding. Shasta Ventures and Riverside Acceleration Capital led the round.
- Simpplr, a Redwood City, Calif.-based maker of intranet software, raised $10 million in Series B funding. Norwest Venture Partners led the round and was joined by investors including Salesforce Ventures.
- JetClosing, a Seattle-based maker of real estate sale closing software, has raised $9 million in Series B funding led by funds and accounts advised by T. Rowe Price Associates, with Pioneer Square Labs (PSL) and Trilogy Equity also participating. www.jetclosing.com
- Parabola, a San Francisco-based data task automation company, raised $8 million in Series A funding. Matrix Partners led the round and was joined by investors including Thrive Capital, and Elad Gil.
- Till, a Washington, D.C.-based maker of renter payments software, has raised $8 million in seed funding from Route 66 Ventures, MetaProp and NextGen Venture Partners. http://axios.link/mJfx
- IRONSCALES, a Tel Aviv-based email security platform, raised $8 million in extended Series B funding. Jump Capital led the round and was joined by investors including K1 Investment Management.
- Cube, a New York-based financial planning and analysis software maker, raised $5 million in seed funding. Bonfire Ventures‘ Brett Queener led the round and was joined by investors including Operator Collective, Clocktower Technology Ventures, Alumni Ventures Group, and Techstars. Read more.
- WayScript, a New York-based company with a platform to turn scripts into internal business applications, raised $5 million in seed funding Greycroft led the round and was joined by investors including Tectonic Ventures, and Contour Venture Partners.
- Torre, a San Francisco-based professional network for remote job seekers and recruiters, raised $5 million in seed funding. Investors include Uber's former global head of product operations Mike Shoemaker, Amazon and Apple former vice president Diego Piacentini, Instagram engineering chief Rodrigo Schmidt, and MatterScale Ventures.
- Mighty, a Salt Lake City-based platform for emote and cross-functional teams, raised $4.3 million in seed funding. Investors included Slack Fund, GSV Ventures, Origin Ventures, Album VC, Acadian Ventures, and Village Global.
- Stacklet, an Arlington, Va.-based commercial cloud governance platform, raised $4 million in seed funding from Foundation Capital and Addition.
- Symmetry Systems, a San Francisco-based maker of data security software, has raised $3 million in seed funding led by ForgePoint Capital and Prefix Capital. www.symmetry-systems.com
- The Privacy Co., a New York-based personal privacy and security company, raised $3 million in funding from investors including K2 Intelligence FIN.
- WorkPatterns, a Marina Del Rey, Calif.-based people analytics platform, raised $2.8 million in seed funding from investors including Javelin Venture Partners and Pathfinder (Founders Fund’s early stage vehicle).
- SMBX, a San Francisco-based marketplace for small businesses and investors, has raised $2.5 million in seed funding led by Better Ventures, with Impact America Fund, Unusual Ventures and others also participating. www.thesmbx.com
- GoPeer, a Boston-based educational technology company that pairs college students with K-12 students for virtual tutoring lessons, raised $2 million in seed funding. Ed Baker, former VP of Product and Growth at Uber, led the round.
- Mission Control, a St. Louis-based B2B SaaS platform for recreational league esports, raised $1.8 million in seed funding. Dundee Venture Capital led the round and was joined by investors including M25, Cultivation Capital, and MATH Venture Partners.
. . .
Sustainability:
- Impossible Foods, the nine-year-old, Redwood City, Ca.-based company that develops plant-based substitutes for meat products, has raised $200 million in fresh funding at a post-money valuation of $4 billion valuation, according to the data tracker PrimeUnicorn Index. The new round was led by Coatue, which was joined by another hedge fund in the round: XN. The company has now raised $1.5 billion altogether from investors, including Mirae Asset Global Investments and Temasek. TechCrunch has more here.
- Unfold, a vertical farming startup formed by Leaps by Bayer (the impact investment arm of Bayer AG and Temasek), raised $30 million in funding.
- Root AI, a Woburn, Mass.-based agricultural robotics startup, has raised $7.2 million in seed funding led by PJC, with First Round, Accomplice, Launch, AgFunder, and Outsiders Fund also participating. http://axios.link/SGO6
- Klima, a Berlin-based startup with an app that calculates carbon footprints, raised $5.8 million in seed funding. Backers include Christian Reber (Founder of Pitch), Jens Begemenn (Founder of Wooga), Niklas Jansen (Co-Founder of Blinkist) e.ventures, HV Holtzbrinck Ventures, and 468 Capital.
- The Demex Group, a Washington D.C.-based climate financial risk solution, raised $4.2 million in seed funding. Anthemis and IA Capital Group were the investors.
- Transcend Software, a Princeton, N.J.-based water treatment technology company, has raised $3 million in Series A funding from Vespucci Partners. It’s also spun out from Organica. http://axios.link/3Eec
Acquisitions:
- Brooks Brothers, an apparel retailer that filed for bankruptcy, plans to sell to Authentic Brands Group and SPARC Group after the group increased their offer to $325 million.
- Waystar, backed by EQT, Canada Pension Plan Investment Board, and Bain Capital, acquired eSolutions, a revenue tech company focusing on Medicare billing, in a deal valued at $1.3 billion. Read more.
- Goldman Sachs is looking to buy General Motors Co’s credit card unit, per the Wall Street Journal. Barclays is also among the bidders. Read more.
- Dubsmash, a NYC-based maker of a lipsyncing video app that rivals TikTok, has recently held acquisition talks with Facebook and Snap, according to The Information. http://axios.link/dXnJ
. . .
IPOs:
- FuboTV, a New York-based streaming platform also known as FaceBank Group after a merger in March, re-filed for an $100 million IPO. Backers include Disney, AMC Network Ventures, and Comcast. Read more.
- Duck Creek Technologies, a Boston-based software company, raised $405 million by offering 15 million shares at $27, above the revised range of $23 to $25. The company had originally filed to offer 15 million shares at a range of $19 to $21. Insiders Dragoneer Investment Group, Neuberger Berman, and Insight Partners indicated an interest in purchasing up to $100 million of the IPO. It plans to list on the Nasdaq under the symbol DCT. Goldman Sachs, JPMorgan, BofA Securities, Barclays and RBC Capital Markets acted as lead managers on the deal. http://axios.link/LEY4
- Intercom, a $1.3 billion startup backed by Mark Zuckerberg and Jack Dorsey, just hired a CFO who says the company is "near profitability" as it eyes an IPO. Business Insider has more here.
- Palantir, the secretive data analysis software company best known for its contracts with government agencies, is reportedly planning to go public via direct listing in late September, according to Bloomberg. The company is also in the process of raising $961 million, with $550 million of it already secured.
. . .
SPACs:
- Hims, a San Francisco-based digital health company that sells wellness and health-care products, is in talks to go public via merger with SPAC Oaktree Acquisition Corp. in a deal that could value the firm at $2 billion, per Bloomberg citing sources. Hims is backed by firms including Institutional Venture Partners, Forerunner Ventures, and Redpoint Ventures. Read more.
Funds:
- Share Ventures, a Los Angeles-based startup studio co-founded by Hamet Watt, has raised $10 million from Upfront Ventures, Alpha Edison, the general partners and founders of True Ventures, and a Korean family office. http://axios.link/Dzr0
- Industry Ventures, LLC, a San Francisco, CA-based venture capital firm, closed Industry Ventures Direct II, L.P., at $180m (read here)
- Firebrand Ventures has closed over 90% of a $40 million target for its second fund, which was formed via a merger with Boulder-based Blue Note Ventures. www.firebrandvc.com
- Rocketship.vc, an early-stage venture capital firm, raised $100 million for its second fund Backers include Vulcan Capital, Adams Street Partners, as well as the family office of Marc Andreessen and Chris Dixon
- How Women Invest LLC, a San Rafael, CA-based venture capital firm, held the first close of Fund I, at $5M (read here)
- Watertower Ventures has raised $50 million for its second seed-stage fund focused on tech startups. www.watertowerventures.com
-Two Sigma is raising a $750 million fund for its newly established unit focused on private social impact investments focused on the workforce. www.twosigma.com
Top Selling Drugs in the US
Reproduced from IQVIA; Chart: Axios Visuals