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 5/23/20 featuring funding details for MasterClass, Tapcart, Confluera, and much much more.
RapidAPI — $25.0M – Series B
San Francisco-based RapidAPI is an API marketplace where developers find and connect to thousands of APIs. Founded by Iddo Gino and Mickey Hasalvsky in 2015, RapidAPI has now raised a total of $62.5M in total equity funding and is backed by investors that include Andreessen Horowitz, DNS Capital, Green Bay Ventures, Grove Ventures, and M12.
BetterCloud — $75.0M – Series F
New York-based BetterCloud is the first SaaS Operations Management platform, empowering IT to define, remediate, and enforce policies for SaaS applications Founded by David Politis in 2011, BetterCloud has now raised a total of $186.9M in total equity funding and is backed by investors that include Accel, Bain Capital Ventures, e.ventures, Flybridge, Greycroft, New Amsterdam Growth Capital, and Warburg Pincus.
Deel — $14.0M – Series A
San Francisco-based Deel is a payroll platform dedicated to supporting and hiring remote workers globally. Founded by Alex Bouaziz, Ofer Simon, and Shuo Wang in 2018, Deel has now raised a total of $18.0M in total equity funding and is backed by Andreessen Horowitz.
States Title — $123.0M – Series C
San Francisco-based States Title is an insurtech platform that uses machine intelligence to remove friction from residential real estate transactions. Founded by Daniel Demetri and Max Simkoff in 2016, States Title has now raised a total of $229.6M in total equity funding and is backed by investors that include Assurant, Eminence Capital LP, Fifth Wall, Foundation Capital, Greenspring Associates, Horizons Ventures, HSCM Bermuda, Lennar Ventures, and SCOR Global P&C Ventures.
PathSpot — $6.5M – Series A
New York-based PathSpot is a system that protects food service companies and their customers from the threat of food-borne illness. Founded by Christine Schindler and Dutch Waanders in 2017, PathSpot has now raised a total of $10.5M in total equity funding and is backed by investors that include Fika Ventures, Valor Equity Partners, and Walden Venture Capital.
Mindstrong — $100.0M – Series C
Mountain View-based Mindstrong is committed to reshaping mental health through improvements in data measurement, data science, and virtual care models. Founded by Paul Dagum, Richard Klausner, and Thomas Insel in 2014, Mindstrong has now raised a total of $160.0M in total equity funding and is backed by investors that include 8VC, ARCH Venture Partners, Bezos Expeditions, Foresite Capital, General Catalyst, Optum Ventures, and What If Ventures.
PresenceLearning — $27.0M – Series D
San Francisco-based PresenceLearning is a provider of live online speech and occupational therapy sessions for k-12 students and school districts. Founded by Clay Whitehead and Jack Lynch in 2009, PresenceLearning has now raised a total of $64.5M in total equity funding and is backed by investors that include Bain Capital Double Impact Fund, Catalyst Investors, Catamount Ventures, and New Markets Venture Partners.
Aspiration — $135.0M – Series C
Marina Del Rey-based Aspiration a socially conscious fintech platform that offers a range of products oriented around conscious consumerism. Founded by Andrei Cherny and Joseph N. Sanberg in 2013, Aspiration has now raised a total of $200.0M in total equity funding and is backed by investors that include AGO Partners, Alpha Edison, DNS Capital, Jeff Skoll, Joseph N. Sanberg, Pohlad Companies, Radicle Impact, Social Impact Finance, Sutter Rock Capital, and UBS O’Connor.
Coalition — $90.0M – Series C
San Francisco-based Coalition operates as a cyber insurance and security company that helps businesses manage and mitigate cyber risk. Founded by John Hering and Joshua Motta in 2017, Coalition has now raised a total of $140.0M in total equity funding and is backed by investors that include Felicis Ventures, Greenoaks Capital, Greyhound Capital, Hillhouse Capital Group, Ribbit Capital, Valor Equity Partners, and Vy Capital.
MasterClass — $100.0M – Series E
San Francisco-based MasterClass is a provider of an online education platform designed to offer video based online vocational courses. Founded by Aaron Rasmussen and David Rogier in 2012, MasterClass has now raised a total of $236.4M in total equity funding and is backed by investors that include 01 Advisors, Atomico, Fidelity Management and Research Company, IVP (Institutional Venture Partners), NextEquity Partners, and Owl Ventures.
MakeSpace — $45.0M – Series E
New York-based MakeSpace is an on-demand storage company that makes it easy to order, store, and retrieve physical belongings. Founded by Adam LeVasseur, Rahul Gandhi, and Sam Rosen in 2013, MakeSpace has now raised a total of $132.6M in total equity funding and is backed by investors that include 8VC, CX Collective, Iron Mountain, Maywic Select Investments, Provenio Capital, Ten Eighty Capital, and Upfront Ventures.
Imperfect Foods — $72.0M – Series C
San Francisco-based Imperfect Foods mission is to reduce food waste and build a better food system for everyone. Founded by Ben Simon, Benjamin Chesler, and Ron Clark in 2015, Imperfect Foods has now raised a total of $114.0M in total equity funding and is backed by investors that include Insight Partners, and Norwest Venture Partners.
Human Interest — $10.0M – Series C
San Francisco-based Human Interest provides 401(k) benefits, retirement savings plan and the investment know-how, accessible to small to midsize businesses. Founded by Paul Sawaya and Roger Lee in 2015, Human Interest has now raised a total of $81.7M in total equity funding and is backed by Glynn Capital Management.
Samsara — $400.0M – Series F
San Francisco-based Samsara is an IoT platform combining hardware, software, and cloud to bring real-time visibility, analytics, and AI to operations. Founded by John Bicket and Sanjit Biswas in 2015, Samsara has now raised a total of $930.0M in total equity funding and is backed by investors that include Andreessen Horowitz, Dragoneer Investment Group, Franklin Templeton Investments, General Atlantic, Sands Capital Management, Tiger Global Management, and Warburg Pincus.
Directly — $11.0M – Series B
San Francisco-based Directly offers AI-powered solutions to resolve customer issues with the right mix of automation and human support. Founded by Antony Brydon, Jean Tessier, and Jeff Patterson in 2011, Directly has now raised a total of $63.8M in total equity funding and is backed by investors that include Costanoa Ventures, Industry Ventures, M12, Northgate Capital, Samsung NEXT, Toba Capital, Triangle Peak Partners, and True Ventures.
Confluera — $20.0M – Series B
Palo Alto-based Confluera provides a security platform featuring a broad range of autonomous capabilities that deterministically track ongoing cyber threats. Founded by Abhijit Ghosh, Bipul Sinha, and Niloy Mukherjee in 2018, Confluera has now raised a total of $29.0M in total equity funding and is backed by investors that include Harpoon, Icon Ventures, John W. Thompson, Lane Bess, and Lightspeed Venture Partners.
Ecwid — $42.0M – Venture
Encinitas-based Ecwid is a software-as-a-service e-commerce company that provides online selling solutions for small businesses. Founded by Ruslan Fazlyev in 2009, Ecwid has now raised a total of $48.5M in total equity funding and is backed by investors that include Morgan Stanley Expansion Capital, and PeakSpan Capital.
Truework — $30.0M – Series B
San Francisco-based Truework is a verified identity platform which aims to protect sensitive personal data behind consumer consent. Founded by Ethan Winchell, Ryan Sandler, and Victor Kabdebon in 2017, Truework has now raised a total of $44.9M in total equity funding and is backed by investors that include 9Yards Capital, Activant Capital, Daniel Yanisse, Jeff Weiner, Khosla Ventures, Sequoia Capital, Thomas Gonser, WiL, and William Hockey.
Amwell — $194.0M – Series C
Boston-based Amwell is a telehealth platform that provide its patients more affordable, higher quality health care. Founded by Ido Schoenberg and Roy Schoenberg in 2006, Amwell has now raised a total of $701.0M in total equity funding and is backed by investors that include Allianz X, and Takeda Ventures.
Tapcart — $10.0M – Series A
Santa Monica-based Tapcart is a SaaS platform that enables ecommerce merchants to launch and manage mobile apps for their brand. Founded by Eric Netsch and Sina Mobasser in 2017, Tapcart has now raised a total of $15.1M in total equity funding and is backed by investors that include Amplify.LA, Greycroft, and SignalFire. LA TechWatch published an exclusive interview with Netsch on Tapcart’s Series A funding.
United Dwelling — $10.0M – Series B
Los Angeles-based United Dwelling aims to tackle the affordable housing problem using data, creativity, and underutilized garages and backyards. Founded by Steven Dietz in 2018, United Dwelling has now raised a total of $12.2M in total equity funding and is backed by investors that include Alpha Edison, and Lightspeed Venture Partners.
Couchbase — $105.0M – Series G
Santa Clara-based Couchbase is a NoSQL cloud database for business-critical applications. Founded by Chris Anderson, Damien Katz, Dustin Sallings, James Phillips, and Steve Yen in 2009, Couchbase has now raised a total of $251.0M in total equity funding and is backed by investors that include Accel, Adams Street Partners, Glynn Capital Management, GPI Capital, Mayfield Fund, North Bridge Venture Partners & Growth Equity, and Sorenson Capital.
Omada Health — $57.0M – Venture
San Francisco-based Omada Health is a digital care company that offers innovative and clinically effective digital health programs to empower individuals to engage in their health and lead healthier lives. The program is personalized to meet each participantâs unique needs as they evolve, ranging from diabetes prevention, type 2 diabetes management, hypertension, behavioral health, and musculoskeletal issues. Omada combines professional health coaching, connected health devices, real-time data and personalized feedback to deliver clinically meaningful results. The company is the largest CDC-recognized provider of the National Diabetes Prevention Program. Founded by Adrian James, Andrew DiMichele, and Sean Duffy in 2011, Omada Health has now raised a total of $256.5M in total equity funding and is backed by Perceptive Advisors.
Amplitude — $50.0M – Series E
San Francisco-based Amplitude is a product intelligence platform that provides digital product tools that help teams run and grow their businesses. Founded by Curtis Liu, Jeffrey Wang, and Spenser Skates in 2012, Amplitude has now raised a total of $186.0M in total equity funding and is backed by investors that include Battery Ventures, Benchmark, GIC, IVP (Institutional Venture Partners), Lead Edge Capital, Sequoia Capital, and Sorenson Capital.
