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 8/15/20 featuring funding details for Fanatics, Nurx, Omaze, and much much more.
Arevo — $25.0M – Series B
Milpitas-based Arevo develops technology to enable direct digital additive manufacturing of parts for end-use applications in high volume. Founded by Hemant Bheda, Riley Reese, Shekar Mantha, and Wiener Mondesir in 2013, Arevo has now raised a total of $44.5M in total equity funding and is backed by investors that include Alabaster, Defy.vc, GGV Capital, and Khosla Ventures.
Atomwise — $123.0M – Series B
San Francisco-based Atomwise develops artificial intelligence systems using powerful deep learning algorithms and supercomputers for drug discovery. Founded by Abraham Heifets, Alexander Levy, and Dr. Izhar Wallach in 2012, Atomwise has now raised a total of $174.1M in total equity funding and is backed by investors that include AME Cloud Ventures, B Capital Group, Baidu Ventures, Data Collective DCVC, Dolby Family Ventures, Sanabil, Tencent Holdings, and Y Combinator.
Blend — $75.0M – Series F
San Francisco-based Blend is a SaaS platform for lenders to speed up and simplify applications for mortgages and consumer loans. Founded by Erin Collard, Eugene Marinelli, Nima Ghamsari, and Rosco Hill in 2012, Blend has now raised a total of $365.0M in total equity funding and is backed by investors that include 8VC, Canapi Ventures, Emergence, General Atlantic, Greylock, and Temasek Holdings.
Coda — $80.0M – Series C
San Francisco-based Coda is a new document that brings words, data, and teams together. Founded by Alex DeNeui and Shishir Mehrotra in 2014, Coda has now raised a total of $140.0M in total equity funding and is backed by investors that include Evan Williams, General Catalyst, Greylock, Hawk Equity, Khosla Ventures, Kleiner Perkins, NGP Capital, Renegade Partners, and Underscore VC.
Fanatics — $350.0M – Series E
Jacksonville-based Fanatics design, manufacture and distribute high-quality fan gear and jerseys across retail channels. Founded by Alan Trager, Michael Rubin, and Mitch Trager in 1995, Fanatics has now raised a total of $2.0B in total equity funding and is backed by investors that include Fidelity National Financial, Franklin Templeton Investments, Neuberger Berman Group, and Thrive Capital.
Gong — $200.0M – Series D
San Francisco-based Gong.io is a revenue intelligence platform that delivers insights at scale. Founded by Amit Bendov and Eilon Reshef in 2015, Gong has now raised a total of $333.0M in total equity funding and is backed by investors that include Battery Ventures, Coatue Management, Index Ventures, NextWorld Capital, Norwest Venture Partners, Salesforce Ventures, Sequoia Capital, Thrive Capital, and Wing Venture Capital.
Impossible Foods — $200.0M – Series G
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 $1.2B in total equity funding and is backed by investors that include Coatue Management, Mirae Asset Global Investments, Temasek Holdings, and XN.
Mux — $37.0M – Series C
San Francisco-based Mux Video is an API that enables developers to build unique live and on-demand video experiences. Founded by Adam Brown, Jon Dahl, Matt McClure, and Steve Heffernan in 2015, Mux has now raised a total of $68.9M in total equity funding and is backed by investors that include Accel, Andreessen Horowitz, and Cobalt Capital.
Nurx — $22.5M – Series C
San Francisco-based Nurx is a healthcare company offering at-home STI testing allowing treatment for genital and oral herpes, and emergency contraception. Founded by Edvard Engesæth and Hans Gangeskar in 2015, Nurx has now raised a total of $95.9M in total equity funding and is backed by investors that include Comcast Ventures, Kleiner Perkins, Trustbridge Partners, Union Square Ventures, and Wittington Ventures.
Omaze — $30.0M – Series B
Culver City-based Omaze is an online fundraising platform that offers once-in-a-lifetime experiences and prizes to support nonprofits around the world. Founded by Matt Pohlson and Ryan Cummins in 2012, Omaze has now raised a total of $42.0M in total equity funding and is backed by investors that include BDMI, Causeway Media Partners, Copper, FirstMark, Gaingels, Guy Oseary, Inherent Group, and Tusk Venture Partners.
Parsable — $60.0M – Series D
San Francisco-based Parsable offers a connected worker platform for industrial workers with modern digital tools to improve productivity, quality and safety. Founded by Chase Feiger, Ryan Junee, and Yan-David Erlich in 2013, Parsable has now raised a total of $132.9M in total equity funding and is backed by investors that include Activate Capital Partners, Alumni Ventures Group, B37 Ventures, Cisco Investments, Downing Ventures, Evolv Ventures, Future Fund, Glade Brook Capital Partners, Honeywell International, Lightspeed Venture Partners, Princeville Capital, and Saudi Aramco Energy Ventures.
PayActiv — $100.0M – Series C
San Jose-based PayActiv offers a holistic financial wellness platform for employees. Founded by Ijaz Anwar, Safwan Shah, and Sohail Aslam in 2011, PayActiv has now raised a total of $133.7M in total equity funding and is backed by investors that include Eldridge, Generation Partners, and Ziegler Link-Age Funds.
SiFive — $61.0M – Series E
San Mateo-based SiFive is a platform offering open-source semiconductor technology and software automation. Founded by Krste Asanovic and Yunsup Lee in 2015, SiFive has now raised a total of $190.5M in total equity funding and is backed by investors that include Intel Capital, OUP (Osage University Partners), Prosperity7 Ventures, Qualcomm Ventures, SK Hynix, Spark Capital, Sutter Hill Ventures, and Western Digital Capital.
Skillshare — $66.0M – Series D
New York-based Skillshare is an ed-tech platform offering online learning for creative fields. Founded by Malcolm Ong and Michael Karnjanaprakorn in 2010, Skillshare has now raised a total of $108.8M in total equity funding and is backed by investors that include Amasia, Burda Principal Investments, OMERS Growth Equity, Spero Ventures, and Union Square Ventures.
Trumid — $200.0M – Series E
New York-based Trumid is a financial technology company bringing efficiency to credit trading through data, technology, and innovative products. Founded by Ronnie Mateo in 2014, Trumid has now raised a total of $402.3M in total equity funding and is backed by investors that include BlackRock, Dragoneer Investment Group, T. Rowe Price, and TPG.
