The Weekly Notable Startup Funding Report takes on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup fundings for the week ending 10/19/19 featuring funding details for Havenly, Algolia, and much much more.
Sisu — $52.5M – Series B
San Francisco-based Sisu is the fastest and most comprehensive way to diagnose why your most important business metrics are changing. Founded by Peter Bailis in 2018, Sisu has now raised a total of $66.7M in total equity funding and is backed by investors that include Andreessen Horowitz, Green Bay Ventures, and New Enterprise Associates.
Havenly — $32.0M – Series C
Denver-based Havenly is an online interior design company and e-commerce platform. Founded by Emily Motayed, Jessie Dixon, and Lee Mayer in 2014, Havenly has now raised a total of $57.8M in total equity funding and is backed by investors that include 500 Startups, Chicago Ventures, FJ Labs, Foundry Group, and Industry Ventures.
CleverTap — $35.0M – Series C
Mountain View-based CleverTap is a customer lifecycle management and engagement platform that drives long-term retention and growth. Founded by Anand Jain, Sunil Thomas, and Suresh Kondamudi in 2013, CleverTap has now raised a total of $76.6M in total equity funding and is backed by investors that include Accel, Andy Pandharikar, Recruit Holdings, Sequoia Capital India, and Tiger Global Management.
Pendo — $100.0M – Series E
Raleigh-based Pendo is a product cloud creator for digital products and data-driven product teams. Founded by Eric Boduch, Erik Troan, Rahul Jain, and Todd Olson in 2013, Pendo has now raised a total of $207.0M in total equity funding and is backed by investors that include Battery Ventures, FirstMark, Salesforce Ventures, Sapphire Ventures, and Tiger Global Management.
Flowhub — $23.0M – Series A
Denver-based Flowhub is a retail management solution for cannabis dispensaries to deliver compliance, point of sale, inventory tracking, and more. Founded by Kyle Sherman in 2015, Flowhub has now raised a total of $26.8M in total equity funding and is backed by investors that include 9Yards Capital, e.ventures, Evolv Ventures, Phyto Partners, and Poseidon Asset Management.
Algolia — $110.0M – Series C
San Francisco-based Algolia helps developers and product teams build consumer-grade searches through its hosted search API. Founded by Julien Lemoine and Nicolas Dessaigne in 2012, Algolia has now raised a total of $184.3M in total equity funding and is backed by investors that include 500 Startups, Point Nine Capital, Salesforce Ventures, The Family, and Y Combinator.
Motiv Power Systems — $60.0M – Series B
Foster City-based Motiv provides electric powered intelligent chassis & software solutions for cost-effective, reliable, class 4-7 commercial vehicles. Founded by Jim Castelaz in 2009, Motiv Power Systems has now raised a total of $114.2M in total equity funding and is backed by investors that include 3Lines, CEC, GMAG Holdings Inc., Magness Investment Group, and New Frontier Renewable Energy.
