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 3/21/20 featuring funding details for Bakkt, StackPath, CoreStack, Proxy, and Addepar.
Impossible Foods — $500.0M – Series F
Redwood City-based Impossible Foods is a company developing plant-based substitutes for meat, dairy, and fish products. Founded by Monte Casino and Patrick Brown in 2011, Impossible Foods has now raised a total of $982.0M in total equity funding and is backed by investors that include Aboud Khaddam, Ahmir Khalib Thompson, Alexis Ohanian, Anton Zaslavski, Bill Gates, Horizons Ventures, Jaden Smith, Kal Penn, Katy Perry, Khosla Ventures, Kirk Cousins, Mindy Kaling, Mirae Asset Global Investments, Paul George, Philip Rosenthal, Ruby Rose Langenheim, Serena Williams, Shawn “Jay-Z” Carter, Temasek Holdings, Trevor Noah, and William Adams.
HashiCorp — $175.0M – Series E
San Francisco-based HashiCorp is a remote-first company that solves development, security, and operations challenges in infrastructure. Founded by Armon Dadgar and Mitchell Hashimoto in 2012, HashiCorp has now raised a total of $349.2M in total equity funding and is backed by investors that include Franklin Templeton Investments, Geodesic Capital, GGV Capital, IVP (Institutional Venture Partners), Mayfield Fund, Redpoint, T. Rowe Price, and True Ventures.
Bakkt — $300.0M – Series B
Atlanta-based Bakkt is a financial services company that focuses on digital currency that specializes in concurrency, rewards, and loyalty points. Founded by Adam White, Kelly L. Loeffler, and Mike Blandina in 2018, Bakkt has now raised a total of $482.5M in total equity funding and is backed by investors that include CityBlock Capital, CMT Digital Ventures LLC, Goldfinch Partners, IntercontinentalExchange, M12, Pantera Capital, PayU, SGH CAPITAL, and The Boston Consulting Group.
Scopely — $200.0M – Series D Extension
Culver City-based Scopely is an interactive entertainment and mobile games company. Founded by Ankur Bulsara, Eric Futoran, Eytan Elbaz, and Walter Driver in 2011, Scopely has now raised a total of $658.5M in total equity funding and is backed by investors that include Advance and TCG.
UserTesting — $100.0M – Series F
San Francisco-based UserTesting is an on-demand human insight platform designed to improve customer insights. Founded by Darrell Benatar and Dave Garr in 2007, UserTesting has now raised a total of $148.5M in total equity funding and is backed by investors that include Accel, Greenspring Associates, Insight Partners, and OpenView.
Proxy — $42.0M – Series B
San Francisco-based Proxy provides a smartphone-enabled digital identity that allows the user to authenticate and interact with all devices. Founded by Denis Mars and Simon Ratner in 2016, Proxy has now raised a total of $58.8M in total equity funding and is backed by investors that include Kleiner Perkins, Scale Venture Partners, Silicon Valley Bank, West, and Y Combinator.
Rancher Labs — $40.0M – Series D
Cupertino-based Rancher Labs provides an open-source container management software for enterprises. Founded by Darren Shepherd, Shannon Williams, Sheng Liang, and Will Chan in 2014, Rancher Labs has now raised a total of $95.0M in total equity funding and is backed by investors that include F&G Venture, GRC SinoGreen Fund, Mayfield Fund, Nexus Venture Partners, and Telstra Ventures.
StackPath — $216.0M – Series B
Dallas-based StackPath is a SaaS company developing technology to enable a safer Internet from cybersecurity threats. Founded by Jason Gulledge, Lance Crosby, and Ryan Carter in 2015, StackPath has now raised a total of $396.0M in total equity funding and is backed by investors that include Cox Communications and Juniper Networks.
Addepar — $40.0M – Venture
Mountain View-based Addepar is an investment management platform for investors and advisors. Founded by Jason Mirra and Joseph Lonsdale in 2009, Addepar has now raised a total of $245.8M in total equity funding and is backed by investors that include WestCap.
Deepgram — $12.0M – Series A
San Francisco-based Deepgram helps enterprises unlock the potential of their audio data with custom trained speech recognition for accuracy and scale. Founded by Noah Shutty and Scott Stephenson in 2015, Deepgram has now raised a total of $13.9M in total equity funding and is backed by investors that include Nvidia GPU Ventures, SAP.iO, Wing Venture Capital, and Y Combinator.
ZeroNorth — $10.0M – Series A
Boston-based ZeroNorth is a provider of risk-based vulnerability orchestration across applications and infrastructure. Founded by Ernesto DiGiambattista in 2015, ZeroNorth has now raised a total of $27.6M in total equity funding and is backed by investors that include ClearSky, Crosslink Capital, Petrillo Capital, and Rally Ventures.
RoadRunner Recycling — $28.6M – Series C
Pittsburgh-based RoadRunner Recycling provides tech-powered solutions for commercial waste recycling which helps businesses lower recurring costs. Founded by Graham Rihn in 2014, RoadRunner Recycling has now raised a total of $49.1M in total equity funding and is backed by investors that include Adams Capital Management, e.ventures, FJ Labs, Franklin Templeton Investments, and Greycroft.
CoreStack — $8.5M – Series A
Bellevue-based CoreStack delivers continuous & autonomous cloud governance for enterprises. Founded by Ezhilarasan Natarajan, Krishnakumar Narayanan, Rathinasabapathy Arumugam, Thiruvalluvar NB, and Venkatesh Perumal in 2016, CoreStack has now raised a total of $11.7M in total equity funding and is backed by investors that include Naya Ventures and Z5 Capital.
Sigilon — $80.3M – Series B
Cambridge-based Sigilon is a biotech company which specializes in creating immune privileged products for unmet clinical needs. Founded by Omid Veiseh in 2015, Sigilon has now raised a total of $80.3M in total equity funding and is backed by investors that include BlackRock, Canada Pension Plan Investment Board, Eli Lilly, Flagship Pioneering, and Longevity Vision Fund.
Mya Systems — $18.8M – Series C
San Francisco-based Mya Systems is a conversational AI platform for hiring teams that serves enterprises and agencies. Founded by Eyal Grayevsky and James Maddox in 2012, Mya Systems has now raised a total of $48.2M in total equity funding and is backed by investors that include Cisco Investments, Emergence, Foundation Capital, Notion, and Workday Ventures.
