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 11/16/19 featuring funding details for ThreeKit, Ping, Workato, and much much more.
DoorDash — $100.0M – Series G
San Francisco-based DoorDash provides a delivery service that connects customers with local and national businesses. Founded by Andy Fang, Evan Moore, Stanley Tang, and Tony Xu in 2015, Convoy has now raised a total of $2.1B in total equity funding and is backed by investors that include DST Global, FundersClub, Sequoia Capital, Wellcome Trust, and Y Combinator.
ACV — $100.0M – Series G
Buffalo-based ACV is a full-service dealer marketplace that runs online automotive auctions. Founded by Daniel Magnuszewski, Jack Greco, and Joseph Neiman in 2015, Convoy has now raised a total of $296.6M in total equity funding and is backed by investors that include Bain Capital Ventures, Bessemer Venture Partners, Rand Capital, SoftBank, and Tribeca Venture Partners.
Plenty — $260.0M – Series C
South San Francisco-based Plenty is an agriculture technology company that develops plant sciences for crops to flourish in a pesticide- and GMO-free environment. Founded by Jack Oslan, Matt Barnard, Nate Mazonson, and Nate Storey in 2015, Convoy has now raised a total of $486.0M in total equity funding and is backed by investors that include DCM Ventures, Group 11, Jeff Bezos, SoftBank, and SoftBank Vision Fund.
DroneDeploy — $35.0M – Series D
San Francisco-based DroneDeploy is a cloud-based drone mapping and analytics platform to help businesses get things done. Founded by Jono Millin, Michael Winn, and Nicholas Pilkington in 2015, Convoy has now raised a total of $91.0M in total equity funding and is backed by investors that include AirTree Ventures, Bessemer Venture Partners, Emergence, Redpoint, and Uncork Capital.
Banza — $20.0M – Series B
Detroit-based Banza is a food manufacturer that focuses on producing pasta products. Founded by Brian Rudolph and Scott Rudolph in 2015, Convoy has now raised a total of $28.0M in total equity funding and is backed by investors that include Ann Arbor SPARK, Endeavor Catalyst, Enlightened Hospitality Investments, Prelude Growth Partners, and Rosecliff Ventures.
Ghost Locomotion — $32.0M – Series C
Mountain View-based Ghost Locomotion develops an automated driving device intended to provide installation of self-driving functionality to any car. Founded by John Hayes and Volkmar Uhlig in 2015, Convoy has now raised a total of $63.7M in total equity funding and is backed by investors that include Founders Fund, Khosla Ventures, and Sutter Hill Ventures.
Convoy — $400.0M – Series D
Seattle-based Convoy is the most efficient digital freight network. Founded by Dan Lewis and Grant Goodale in 2015, Convoy has now raised a total of $665.5M in total equity funding and is backed by investors that include Fidelity, IAC, Marc Benioff, T. Rowe Price, and Y Combinator.
SheerID — $64.0M – Series C
Eugene-based SheerID is an enterprise verification platform that provides instant verification while minimizing friction and mitigating fraud. Founded by David Shear, Jake Weatherly, and Marci Hansen in 2015, Convoy has now raised a total of $96.1M in total equity funding and is backed by investors that include Arnold Venture Group, Centana Growth Partners, CVC Capital Partners, and Voyager Capital.
Moveworks — $75.0M – Series B
Mountain View-based Moveworks is a company that uses AI to help resolve help desk tickets through automation. Founded by Bhavin Shah, Jiang Chen, Vaibhav Nivargi, and Varun Singh in 2015, Convoy has now raised a total of $105.0M in total equity funding and is backed by investors that include Bain Capital Ventures, ICONIQ Capital, Kleiner Perkins, Lightspeed Venture Partners, and Sapphire Ventures.
Workato — $70.0M – Series C
Mountain View-based Workato is an intelligent automation platform designed to automate work in businesses. Founded by Alexey Timanovskiy, Dimitris Kogias, Gautham Viswanathan, Harish Shetty, and Vijay Tella in 2015, Convoy has now raised a total of $105.0M in total equity funding and is backed by investors that include Battery Ventures, Geodesic Capital, Norwest Venture Partners, Salesforce Ventures, and ServiceNow.
ThreeKit — $20.0M – Series A
Chicago-based ThreeKit is a 3D product configuration and visualization platform that enables brands to create and manage beautiful visuals at scale. Founded by Ben Houston in 2015, Convoy has now raised a total of $30.0M in total equity funding and is backed by investors that include Godard Abel, Salesforce Ventures, and Shasta Ventures.
Guild Education — $157.0M – Series D
Denver-based Guild Education’s lifelong learning platform offers classes, programs, and degrees for working adults. Founded by Brittany Stich and Rachel Carlson in 2015, Convoy has now raised a total of $228.5M in total equity funding and is backed by investors that include Cowboy Ventures, Felicis Ventures, Salesforce Ventures, Silicon Valley Bank, and Stephen Curry.
Qualia — $55.0M – Series C
San Francisco-based Qualia is a cloud-based platform that provides real estate closing services. Founded by Joel Gottsegen, Lucas Hansen, and Nate Baker in 2015, Convoy has now raised a total of $95.0M in total equity funding and is backed by investors that include 8VC, Clocktower Technology Ventures, Formation 8, Menlo Ventures, and Tiger Global Management.
Enlitic — $25.0M – Series B
San Francisco-based Enlitic builds AI deep learning products to streamline radiologists’ workflows and improve healthcare diagnosis. Founded by Jeremy Howard and Kevin Lyman in 2015, Convoy has now raised a total of $55.0M in total equity funding and is backed by investors that include Amplify Partners, Data Collective DCVC, Marubeni Corporation, Regal Funds Management, and Seven Peaks Ventures.
Punchh — $40.0M – Series C
San Mateo-based Punchh is a company providing digital marketing products for brick and mortar retailers, combining AI and machine learning technologies. Founded by Aditya Sanghi, Jitendra Gupta, Sastry Penumarthy, and Shyam Rao in 2015, Convoy has now raised a total of $68.1M in total equity funding and is backed by investors that include Adams Street Partners, AllianceBernstein, Cervin Ventures, and Sapphire Ventures.
Ping — $13.2M – Series A
San Francisco-based Ping is an AI-powered timekeeping solution for law firms and lawyers. Founded by Janesh Gupta, Kourosh Zamanizadeh, and Matthew Bordas in 2015, Convoy has now raised a total of $13.2M in total equity funding and is backed by investors that include BoxGroup, First Round Capital, Initialized Capital, Ulu Ventures, and Upfront Ventures.
WHOOP — $55.0M – Series D
Boston-based Whoop is a performance optimization system for elite athletes and teams. Founded by Aurelian Nicolae, John Capodilupo, and Will Ahmed in 2015, Convoy has now raised a total of $104.0M in total equity funding and is backed by investors that include Atlas Venture, Founder Collective, Foundry Group, Jack Dorsey, and Silicon Valley Bank.
DataCubes — $15.2M – Series B
Schaumburg-based DataCubes is a decision automation platform for commercial P&C underwriting. Founded by Harish Neelamana and Kuldeep Malik in 2015, Convoy has now raised a total of $17.7M in total equity funding and is backed by investors that include Altos Ventures, MK Capital, NFP Ventures, Palm Drive Capital, and Stage 2 Capital.
LawnStarter — $10.5M – Venture
Austin-based LawnStarter is an online marketplace that provides lawn maintenance and outdoor services for consumers and lawn care professionals. Founded by Jonas Weigert, Ryan Farley, and Steve Corcoran in 2015, Convoy has now raised a total of $17.6M in total equity funding and is backed by investors that include Edison Partners, Gary Vaynerchuk, Lerer Hippeau, Right Side Capital Management, and Techstars.
Blaize — $87.0M – Series D
El Dorado Hills-based Blaize is an AI computing platforms company that develops products for the automotive, smart vision, and enterprise computing markets. Founded by Dinakar Munagala and Ke Yin in 2015, Convoy has now raised a total of $152.0M in total equity funding and is backed by investors that include Denso, GGV Capital, SGInnovate, Temasek Holdings, and Wavemaker Partners.
Docker — $35.0M – Venture
San Francisco-based Docker develops an open platform for building, shipping, and running distributed applications. Founded by Solomon Hykes in 2015, Convoy has now raised a total of $307.9M in total equity funding and is backed by investors that include Goldman Sachs, Insight Partners, Sequoia Capital, The Family, and Y Combinator.
