Sourcery (8/17-8/21)
Robinhood, Thirty Madison, Science 37, Brightline, Klara, Podimetrics, SpaceX, Keeper Security, SpyCloud, Pachyderm, Warmly,
Last Week (8/17-8/21):
Relevant deals include the 60+ deals across stages below.
I've categorized the deals below into three categories, Fintech, Care, Future of Work, and Sustainability, and ordered from later-stage rounds to early-stage rounds. Highlighted deals include Robinhood, Thirty Madison, Science 37, Brightline, Klara, Podimetrics, SpaceX, Keeper Security, SpyCloud, Pachyderm, Warmly,.
Final numbers on Fossil Fuel Job Losses at the bottom.
Deals
Sources: TS, Pro Rata, FinSMEs, Pitchbook, StrictlyVC
Fintech:
- Robinhood, the popular stock trading app, raised $200 million in Series G funding from D1 Capital Partners. The startup is now valued at $11.2 billion. Read more.
- PayActiv, Inc., a San Jose, Calif.-based employer-sponsored earned wage access and financial wellness platform, raised $100 million in Series C funding. Eldridge led the round and was joined by investors including Generation Partners and the Ziegler Link•Age Fund II.
- BlockFi, a Jersey City-based financial services company developing products for cryptocurrencies, raised $50 million in Series C funding. Morgan Creek Digital led the round and was joined by investors including Valar Ventures, CMT Digital, Castle Island Ventures, Winklevoss Capital, SCB 10X, Avon Ventures, Purple Arch Ventures, Kenetic Capital, HashKey, and NBA player Matthew Dellavedova.
- Bridge Connector, a Nashville-based interoperability company for health care, raised $25.5 million in Series B funding. Axioma Ventures led the round and was joined by investors including Jeff Vinick.
- Lana , a Madrid-based fintech for underbanked population in Latin America, raised $12 million in Series A funding. Base10 Partners led the round and was joined by investors including Cabify and VC Cathay Innovation.
- Datasembly, a Washington, D.C.-based real-time pricing tool for consumer goods, raised $10.3 million in Series A funding. Craft Ventures led, and was joined by Valor Siren Ventures. http://axios.link/tbkW
- CoPilot, a Chicago-based platform for high-value purchases, raised $10 million in Series A funding. Next Coast Ventures led the round and was joined by investors including SciFi Ventures,Arthur Patterson, and Chicago Ventures.
- Claimsforce, a Hamburg-based insurtech company, raised €7 million ($8.3 million) in Series A funding. Notion Capital led the round and was joined by investors including Fly Ventures, Point Nine, and La Famiglia.
- Moov Financial, a Cedar Falls, Iowa-based open source embedded banking platform, raised $5.5 million in seed funding. Bain Capital Ventures led the round and was joined by investors including Canapi Ventures, Commerce Ventures, Gradient Ventures, RRE Ventures, and Uncorrelated Ventures.
- 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.
- Offr, a London-based platform for real estate agents and buyers, raised $3.5 million in seed funding. Barclays led the round and was joined by investors including Delta Partners on behalf of Bank of Ireland, AIB, Enterprise Ireland, The European Investment Fund and Frontline Ventures.
- Spenmo, a Singapore-based fintech founded by former Grab executive Mohandass Kalaichelvan, raised $2 million in seed funding. Investors include Y Combinator, Rocket Internet, Iterative Capital and angel investors from XA Network.Read more.
. . .
Care:
- Thirty Madison, a startup that offers online health portals for treatment of hair loss, migraines, and acid reflux, raised $47 million. Polaris Partners led the round and was joined by Johnson & Johnson, Maveron, and Northzone. Read more.
- Science 37, a Los Angeles-based clinical trials platform, raised $40 million in funding. Lux Capital, Redmile Group, and PPD, Inc. (Nasdaq: PPD) led the round, and are joined by investors including Novartis, Amgen, Sanofi Ventures, GV, Glynn Capital, LifeSci Ventures and Mubadala Ventures.
- Exo, a Redwood City, Calif.-based health information and devices company, raised $40 million in extended Series B funding. Investors included Action Potential Venture Capital and Intel Capital.
- Carrot Fertility, a five-year-old, San Francisco-based startup that provides employee fertility benefits, raised $24 million in Series B funding led by U.S. Venture Partners, with participation from F-Prime Capital. The company has now raised $40 million altogether. MedCity News has more here.
- Podimetrics, a Somerville, Mass.-based virtual care management company, raised $8.6 million in Series B-2 funding round from investors including Polaris Partners, Rock Health, Norwich Ventures, and Scientific Health Development, bringing its total Series B funding to $24.6 million.
- Brightline, a Palo Alto-based pediatric behavioral health startup, raised $20 million in Series A funding. Threshold Ventures led, and was joined by Oak HC/FT, Boston Children’s Hospital, SemperVirens VC, Rock Health, City Light Capital, Blue Shield of CA, and Blue Cross Blue Shield of MA. http://axios.link/3Pq7
- Klara, a New York-based patient engagement tool, raised $15 million from Gradient Ventures and Frist Cressey Ventures. http://axios.link/5ylM
- Cecelia Health, a New York-based diabetes and other chronic disease management company, raised $13 million in Series B funding. Rittenhouse Ventures and Endo Investors led the round and were joined by investors including Boston Millennia Partners, SustainVC, and G100 Capital.
- Castor, a Hoboken, N.J.-based provider of clinical trial technology, raised $12 million in funding. Two Sigma Ventures led the round and was joined by investors including Hambrecht Ducera Growth Ventures and INKEF Capital.
- Rimsys Inc., a Pittsburgh-based regulatory software maker designed specifically for medical technology companies, raised $1.5 million in funding.Allos Ventures led the round.
. . .
Future of Work:
- SpaceX, Elon Musk’s space exploration company, raised $1.9 billion in new funding.
- Omio, a Berlin, Germany-based travel booking platform, raised $100 million in funding. Investors included Temasek, Kinnevik, Goldman Sachs Asset Management, NEA and Kleiner Perkins.
- Keeper Security, a Chicago-based cybersecurity platform, raised $60 million in funding.first funding from Insight Partners.
- Drizly Group, a Boston-based alcohol delivery firm, raised $50 million in Series C funding. Avenir led the round and was joined by investors including Tiger Global.
- Weee!, a Fremont, Calif.-based Asian groceries delivery startup, raised $35 million in Series D funding led by DST Global.Read more.
- Dutchie, a Bend, Ore.-based ecommerce solution for cannabis dispensaries, raised $35 million in Series B funding. Investors include Casa Verde Capital, Thirty Five Ventures, Thrive Capital, Gron Ventures, and Former Starbucks Chairman and CEO, Howard Schultz.
- Seated, a New York-based restaurant rewards platform raised $30 million in funding and acquired digital event booking platform VenueBook. Insight Partners led the round and was joined by investors including Craft Ventures, Greycroft, and Rho Capital Partners,
- SpyCloud, an Austin-based anti-fraud platform, raised $30 million in Series C funding. Centana Growth Partners led the round and was joined by investors including M12, Altos Ventures, Silverton Partners, and March Capital Partners.
- Movable Ink, a New York-based brand personalization company, raised $30 million in Series C funding from Contour Venture Partners, Intel Capital and Silver Lake.
- Cobalt, a San Francisco-based cybersecurity platform, raised $29 million in Series B funding. Investors included Highland Europe, Nexthink, Adjust, ContentSquare, and WeTransfer.
- Chili Piper, a four-year-old, San Francisco-based startup whose software automates the scheduling and email that cause friction in the sales process, has raised $18 million in Series A funding led by Base10 Partners, with participation from Gradient Ventures. More here.
- Pachyderm, an open-source platform for data science, raised $16 million in Series B funding. M12 led the round and was joined by investors including Jon Sakoda of Decibel Ventures, Benchmark, and YCombinator.
- Stream, a Boulder-based maker of enterprise-grade activity feed and chat APIs, raised $15 million in Series A funding. GGV Capital led the round and was joined by investors including 01 Advisors, Knight, and Arthur Ventures.
- Odeko, a New York-based supply and demand platform for coffee shops, merged withCloosiv and raised $12 million in Series A funding. GGV Capital led the round and was joined by investors including First Round, Primary Venture Partners, Box Group, Addition Ventures, Two Sigma Ventures, Bar 9, Balius, i2bf, and Y Combinator.
- PadSplit, an Atlanta-based affordable housing marketplace, raised $10 million in Series A funding. Core Innovation Capital led the round and was joined by Alate Partners, Citi, Kapor Capital, Impact Engine, and Cox Enterprises.
- Cyware, a New York-based cybersecurity startup, raised $10 million in Series A funding. Prelude Fund and Tanium led the round and was joined by investors including Emerald Development Managers and Great Road Holdings.
- Mighty Labs, a Salt Lake City, Ut.-based platform for remote and cross-functional teams, raised $4.3 million in seed funding. Investors include Slack Fund, GSV Ventures, Origin Ventures, Album VC, Acadian Ventures, and Village Global.
- HelloTeam, a Boston-based performance management and employee engagement platform, raised $3.5 million in seed funding. Underscore VC led the round and was joined by investors including Osage Venture Partners and Ventureforgood.
- Warmly, a San Francisco-based CRM system startup, raised $2.1 million in seed funding. NFX led the round and was joined by investors including Y Combinator, Matchstick Ventures, Scribble Ventures, Sequoia Capital, and 20VC. Read more.
- The Nudge, a San Francisco-based SMS-based planner, raised $2 million from Lightspeed Venture Partners and NextView Ventures.
- Riff, a London-based voice-first chat company, raised $1.5 million in seed funding. Balderton Capital led the round and was joined by investors including Seedcamp.
- Welcome, a New York-based hiring management startup, raised $1.4 million. Ludlow Ventures led the round and was joined by investors including Weekend Fund, Global Founders Capital, Shrug Capital, and Basement Fund. Read more.
. . .
Sustainability:
- Impossible Foods, an alternative protein company, raised $200 million. Coatue led the round and was joined by investors including XN.
- PowerPollen, a Ankeny, Iowa-based agricultural pollination startup, raised $13 million in Series B funding. Ag Ventures Alliance led the round and was joined by investors including Iowa Corn Growers Association. Read more.
- Root AI, a Boston-based startup building produce-picking robots, raised $7.2 million in seed funding. Rob May of PJC led the round and was joined by investors including First Round Capital’s Josh Kopelman, Jason Calacanis, and Austin McChord of Outsiders Fund. Read more.
Acquisitions:
- American Express (NYSE: AXP) agreed to acquire Kabbage, an Atlanta, Ga.-based financial technology company providing loans to small businesses. Financial terms weren't disclosed.
- Diageo will acquire Aviation Gin, the spirits maker from Ryan Reynolds, for up to $610 million over a 10-year period. Read more.
. . .
IPOs:
- Duck Creek Technologies, a Boston-based provider of software for insurers, raised $405 million in an offering of 15 million shares priced at $27.
Funds:
- Initialized Capital raised $230 million for its fifth core seed fund. Read more.
- Patient Square Capital, a health care investment firm, launched today founded by Jim Momtazee. Momtazee was previously at KKR.
- Lightspeed Venture Partners closed its third India-focused fund with $275 million in commitments.
- Hangar, a venture studio for gov-tech startups, raised $15 million. LPs include the Kresge Foundation endowment and Michael Bloomberg. http://axios.link/f15c
Final Numbers
Data: BW Research; Table: Axios Visuals