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 4/25/20 featuring funding details for Bestow, Confluent, Guru, and much much more.
Aledade — $64.0M – Series C
Bethesda-based Aledade is a primary care physicians platform to provide everything the doctors to create and run an Accountable Care Organization. Founded by Edwin Miller, Farzad Mostashari, and Mat Kendall in 2014, Aledade has now raised a total of $194.9M in total equity funding and is backed by investors that include California Medical Association, CVF Capital Partners, Echo Health Ventures, GV, Meritech Capital Partners, and OMERS Growth Equity.
Bestow — $50.0M – Series B
Dallas-based Bestow is an insurance technology company that builds products and software. Founded by Jonathan Abelmann and Melbourne O’Banion in 2016, Bestow has now raised a total of $67.5M in total equity funding and is backed by investors that include Core Innovation Capital, Morpheus Ventures, New Enterprise Associates (NEA), Sammons Financial, and Valar Ventures.
Bodhala — $10.0M – Series A
New York-based Bodhala is a SaaS platform that empowers in-house legal teams to better analyze, interpret, and optimize outside counsel spending. Founded by Brad Chick, Ketan Jhaveri, and Raj Goyle in 2014, Bodhala has now raised a total of $10.0M in total equity funding and is backed by investors that include Edison Partners.
Confluent — $250.0M – Series E
Mountain View-based Confluent offers a streaming platform based on Apache Kafka that enables companies to easily access data as real-time streams. Founded by Jay Kreps, Jun Rao, and Neha Narkhede in 2014, Confluent has now raised a total of $455.9M in total equity funding and is backed by investors that include Altimeter Capital, Coatue Management, Franklin Templeton Investments, Index Ventures, and Sequoia Capital.
ForgeRock — $93.5M – Series E
San Francisco-based ForgeRock is a multinational software company that develops commercial open source identity and access management products. Founded by Hermann Svoren, Jonathan Scudder, Lasse Andresen, Steve Ferris, and Victor Ake in 2010, ForgeRock has now raised a total of $233.7M in total equity funding and is backed by investors that include Accel, Foundation Capital, Kohlberg Kravis Roberts, Meritech Capital Partners, and Riverwood Capital.
Guru — $30.0M – Series C
Philadelphia-based Guru is a knowledge management solution that keeps customer-facing teams up-to-date, consistent, and confident. Founded by Mitchell Stewart and Rick Nucci in 2013, Guru has now raised a total of $70.7M in total equity funding and is backed by investors that include Accel, Emergence, FirstMark, MSD Capital, Slack Fund, and Thrive Capital.
Miro — $50.0M – Series B
San Francisco-based Miro is an online collaborative whiteboard platform that enables distributed teams to work better together. Founded by Andrey Khusid and Oleg Shardin in 2011, Miro has now raised a total of $76.3M in total equity funding and is backed by investors that include Accel, Bradley Horowitz, and ICONIQ Capital.
Noah — $150.0M – Series B
San Francisco-based Noah is a fintech company enabling homeowners to tap into the value of their homes without incurring new monthly payments or interest. Founded by Sahil Gupta and Sundeep Ambati in 2016, Noah has now raised a total of $156.0M in total equity funding and is backed by investors that include Techstars, Techstars Ventures, Union Square Ventures, Kima Ventures, and Tribe Capital.
Vercel — $21.0M – Series A
San Francisco-based Vercel is the creator of Next.js and a platform that enables users to develop, preview, and ship Jamstack sites. Founded by Guillermo Rauch in 2015, Vercel has now raised a total of $21.0M in total equity funding and is backed by investors that include Accel, CRV, Jordan Walke, Nat Friedman, and Naval Ravikant.
360VUZ — $5.8M – Series A
Los Angeles-based 360VUZ is an immersive video mobile app that enables users to view events from their smartphone in 360° Founded by Khaled Zaatarah in 2017, 360VUZ has now raised a total of $7.2M in total equity funding and is backed by investors that include 500 Startups, Hala Ventures, Jonathan Labin, KBW Ventures, Magnus Olsson, Samih Toukan, Shorooq Partners, and Vision Ventures.
QuillBot — $4.0M – Seed
Chicago-based QuillBot is a startup developing an AI writing tool that reconstructs its user’s writing to be more clear and concise. Founded by Anil Jason, David Silin, and Rohan Gupta in 2017, QuillBot has now raised a total of $4.0M in total equity funding and is backed by investors that include GSV Ventures, Service Provider Capital, and Sierra Ventures.
