The Weekly Notable Startup Funding Report takes us 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 8/22/20 featuring funding details for Dutchie, ICON, Exo, and much much more.
Carrot Fertility — $24.0M – Series B
San Francisco-based Carrot Fertility helps employers offer their workers fertility benefits that are flexible, transparent, and cost-conscious. Founded by Arun Venkatesan, Asima Ahmad, Juli Insinger, and Tammy Sun in 2016, Carrot Fertility has now raised a total of $39.2M in total equity funding and is backed by investors that include CRV, F-Prime Capital, Maven Ventures, Precursor Ventures, U.S. Venture Partners (USVP), and Uncork Capital.
Cobalt — $29.0M – Series B
San Francisco-based Cobalt is a PTaaS platform that transforms traditional pentesting into a data-driven vulnerability management engine. Founded by Christian Hansen, Esben Friis Jensen, Jacob Hansen, and Jakob Storm in 2013, Cobalt has now raised a total of $36.5M in total equity funding and is backed by investors that include Chris Eng, Elizabeth Tse, Gary Swart, Gerhard Eschelbeck, Greg Nicastro, Highland Europe, Scott Belsky, and Soren Abildgaard.
Drizly — $50.0M – Series C
Boston-based Drizly is an alcohol marketplace to shop for beer, wine and spirits. Founded by Cory Rellas, Justin Robinson, Nicholas Rellas, and Spencer Frazier in 2012, Drizly has now raised a total of $119.6M in total equity funding and is backed by investors that include Avenir Growth Capital and Tiger Global Management.
Dutchie — $35.0M – Series B
Bend-based Dutchie is an online cannabis ordering platform that connects consumers to local cannabis retailers. Founded by Ross Lipson, Samuel Ellis, and Zach Lipson in 2017, Dutchie has now raised a total of $53.0M in total equity funding and is backed by investors that include Casa Verde Capital, Gron Ventures, Thirty Five Ventures, and Thrive Capital.
Klara — $15.0M – Series A
New York-based Klara is an end-to-end virtual care platform that helps practices stay connected with their patients. Founded by Simon Bolz and Simon Lorenz in 2013, Klara has now raised a total of $32.0M in total equity funding and is backed by investors that include FirstMark, Frist Cressey Ventures, Gradient Ventures, Lerer Hippeau, Nat Turner, Project A Ventures, and Stage 2 Capital.
Grafana Labs — $50.0M – Series B
New York-based Grafana Labs is an open source software platform built to support monitoring, visualization, and metric analytics. Founded by Anthony Woods, Raj Dutt, and Torkel Ãdegaard in 2014, Grafana Labs has now raised a total of $75.2M in total equity funding and is backed by investors that include Lead Edge Capital and Lightspeed Venture Partners.
ICON — $35.0M – Series A
Austin-based ICON is a design tech company that employs combination of software, robotics, and advanced materials to revolutionize homebuilding. Founded by Alex LeRoux, Evan Loomis, and Jason Ballard in 2017, ICON has now raised a total of $44.0M in total equity funding and is backed by investors that include Bjarke Ingels Group, CAZ Investments, Citi, Crosstimbers Capital Group, Ironspring, Moderne Ventures, Next Coast Ventures, Oakhouse Partners, Trust Ventures, Vulcan Capital, and Wavemaker Partners.
Robinhood — $200.0M – Series G
Menlo Park-based Robinhood is a stock brokerage that allows customers to buy and sell stocks, options, ETFs, and cryptocurrencies with zero commission. Founded by Baiju Bhatt and Vlad Tenev in 2013, Robinhood has now raised a total of $1.7B in total equity funding and is backed by investors that include Ribbit Capital, Sequoia Capital, IVP, LocalGlobe, and Andreessen Horowitz.
SpyCloud — $30.0M – Series C
Austin-based SpyCloud develops account takeover prevention and fraud investigation tools. Founded by David Endler and Ted Ross in 2016, SpyCloud has now raised a total of $58.5M in total equity funding and is backed by investors that include Altos Ventures, Centana Growth Partners, M12, March Capital Partners, and Silverton Partners.
Exo — $40.0M – Series B
Redwood City-based Exo is a medical device startup which develops handheld ultrasound devices and AI for imaging and therapeutic applications. Founded by Janusz Bryzek, John Kokulis, Sandeep Akkaraju, and Yusuf Haque in 2015, Exo has now raised a total of $87.6M in total equity funding and is backed by investors that include Action Potential Venture Capital, Applied Ventures, Fiscus Ventures, Intel Capital, Reimagined Ventures, Solasta Ventures, and TDK Ventures.
BlockFi — $50.0M – Series C
New York-based BlockFi is a secured non-bank lender that offers crypto-asset-backed USD loans to crypto-asset owners. Founded by Flori Marquez and Zac Prince in 2017, BlockFi has now raised a total of $154.7M in total equity funding and is backed by investors that include Avon Ventures, Castle Island Ventures, CMT Digital Ventures LLC, HashKey Capital, Kenetic, Matthew Dellavedova, Michael Antonov, Morgan Creek Digital, Purple Arch Ventures, SCB 10X, Valar Ventures, and Winklevoss Capital.
