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 8/29/20 featuring funding details for Luminar, Restream, Warby Parker, and much much more.
Course Hero — $70.0M – Series B
Redwood City-based Course Hero is an online learning platform with study resources that help students feel confident and prepared, from day one to graduation. Founded by Andrew T. Grauer, Gregor Carrigan, and Jared Grauer in 2006, Course Hero has now raised a total of $97.4M in total equity funding and is backed by investors that include SV Angel, Maveron, Great Oaks Venture Capital, GSV Ventures, and NewView Capital.
Dataiku — $100.0M – Series D
New York-based Dataiku operates as an enterprise artificial intelligence and machine-learning platform. Founded by Clement Stenac, Florian Douetteau, Marc Batty, and Thomas Cabrol in 2013, Dataiku has now raised a total of $246.8M in total equity funding and is backed by investors that include Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital, ICONIQ Capital, Stripes, and Tiger Global Management.
Finix — $30.0M – Series B
San Francisco-based Finix is a payments infrastructure platform that facilitates real-time push-to-card payments. Founded by Richie Serna and Sean Donovan in 2016, Finix has now raised a total of $96.0M in total equity funding and is backed by investors that include American Express Ventures, Lightspeed Venture Partners, and Marissa Tomwo.
Freenome — $270.0M – Series C
South San Francisco-based Freenome is a platform that helps design healthy conditions for individuals. Founded by Charles Roberts, Gabriel Otte, Michael Otte, and Riley Ennis in 2014, Freenome has now raised a total of $507.6M in total equity funding and is backed by investors that include Andreessen Horowitz, Bain Capital Life Sciences, BrightEdge Fund, Catalio Capital Management, Cormorant Asset Management, Data Collective DCVC, EcoR1 Capital, Farallon Capital Management, Fidelity Management and Research Company, GV, Janus Henderson Investors, Kaiser Permanente Ventures, Novartis, Perceptive Advisors, Polaris Partners, RA Capital Management, Roche Venture Fund, Rock Springs Capital, Sands Capital Ventures, Section 32, Soleus Capital, and T. Rowe Price.
Esusu Financial — $2.3M – Seed Extension
New York-based Esusu is a mobile platform that helps communities build financial resilience and credit through a digitized rotational savings system. Founded by Abbey Wemimo, Jeph Acheampong, Robert Henning, and Samir Goel in 2016, Esusu Financial has now raised a total of $4.3M in total equity funding and is backed by investors that include Acumen, Concrete Rose Capital, Impact America Fund, Next Play Ventures, The Global Good Fund, and Zeal Capital Partners.
Kymeta — $85.2M – Venture
Redmond-based Kymeta is a developer of hybrid satellite-cellular networks used to satisfy the demand for global ubiquitous mobile connectivity. Founded by Nathan Kundtz in 2012, Kymeta has now raised a total of $302.8M in total equity funding and is backed by investors that include Bill Gates and S. Douglas Hutcheson.
Luminar — $170.0M – Venture
Orlando-based Luminar is the leading autonomous vehicle and lidar technology company for consumer cars and trucking. Founded by Austin Russell and Jason Eichenholz in 2012, Luminar has now raised a total of $420.0M in total equity funding and is backed by investors that include Corning, Peter Thiel, The Westly Group, Canvas Ventures, and G2VP.
Lyra Health — $110.0M – Series D
Burlingame-based Lyra helps businesses find the best care for the mental and emotional well-being of their employees. Founded by David Ebersman and Dena Bravata in 2015, Lyra Health has now raised a total of $288.1M in total equity funding and is backed by investors that include Adams Street Partners, Addition, Casdin Capital, Counterpart Advisors, Glynn Capital Management, Greylock, Howard Schultz, IVP, Meritech Capital Partners, Providence Ventures, and Tenaya Capital.
MURAL — $118.0M – Series B
San Francisco-based MURAL is a digital workspace for visual collaboration in the enterprise that solves problems and builds consensus using visual methods Founded by Agustin Soler, Mariano Suarez-Battan, and Patricio Jutard in 2011, MURAL has now raised a total of $142.3M in total equity funding and is backed by investors that include Allison Pickens, Bill Veghte, Gradient Ventures, Insight Partners, Ryan Smith, Slack Fund, Tiger Global Management, and World Innovation Lab (WiL).
PatientPop — $50.0M – Series C
Santa Monica-based PatientPop is the only complete practice growth solution that empowers healthcare providers to thrive in the digital age. Founded by Luke Kervin and Travis Schneider in 2014, PatientPop has now raised a total of $125.0M in total equity funding and is backed by investors that include Common Fund, HLM Venture Partners, Silicon Valley Bank, Toba Capital, Transformation Capital, and Vivo Capital.
Redis Labs — $100.0M – Series F
Mountain View-based Redis Labs provides an in-memory database platform for applications and different services. Founded by Ofer Bengal and Yiftach Shoolman in 2011, Redis Labs has now raised a total of $246.6M in total equity funding and is backed by investors that include Bain Capital Ventures, Dell Technologies Capital, Francisco Partners, GS Growth, TCV, and Viola Ventures.
Restream — $50.0M – Series A
Austin-based Restream is a multi-streaming solution that allows producers to analyze and interact with their viewers across platforms. Founded by Alexander Khuda and Andrew Surzhynskyi in 2014, Restream has now raised a total of $53.4M in total equity funding and is backed by investors that include Anorak Ventures, Colopl Next, Insight Partners, Iskra Ventures, Liquid 2 Ventures, Mana Ventures, Sapphire Ventures, and Silverton Partners.
Synthego — $100.0M – Series D
Redwood City-based Synthego is a genome engineering company that enables access to CRISPR to accelerate life science research and development. Founded by Alex Pesch, Michael Dabrowski, and Paul Dabrowski in 2012, Synthego has now raised a total of $259.4M in total equity funding and is backed by investors that include 8VC, Founders Fund, Intel Capital, Menlo Ventures, RA Capital Management, and Wellington Management.
Warby Parker — $120.0M – Series G
New York-based Warby Parker is a lifestyle brand that offers designer eyewear while being a socially conscious business. Founded by Andrew Hunt, David Gilboa, Jeffrey Raider, and Neil Blumenthal in 2010, Warby Parker has now raised a total of $535.0M in total equity funding and is backed by investors that include Baillie Gifford, D1 Capital Partners, Durable Capital Partners, and T. Rowe Price.
