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 12/5/20 featuring funding details for Stord, Surfline, Pave and fifteen other rounds you must know about.
Amount.com — $81.0M – Series C
Chicago-based Amount is a digital technology company that accelerates digital transformation for financial institutions Founded by Al Goldstein in 2019, Amount.com has now raised a total of $139.0M in total equity funding and investors in this round include August Capital, GS Growth, Hanaco Venture Capital, and Invus.
Bizzabo — $138.0M – Series E
New York-based Bizzabo is a meeting and event planning platform for operating virtual or in-person conferences. Founded by Alon Alroy, Boaz Katz, and Eran Ben-Shushan in 2011, Bizzabo has now raised a total of $190.5M in total equity funding and investors in this round include Insight Partners, Next47, OurCrowd, and Viola Growth.
ConnexPay — $6.1M – Series A
Minneapolis-based ConnexPay transforms payment acceptance and issuance for Travel and E-commerce providers which act as intermediaries. Founded by Robert Kaufman in 2017, ConnexPay has now raised a total of $15.1M in total equity funding and investors in this round include BIP Capital, F-Prime Capital, and Pamela A. Joseph.
CoreStack — $4.0M – Venture
Bellevue-based CoreStack delivers continuous and autonomous cloud governance for enterprises. Founded by Ezhilarasan Natarajan, Krishnakumar Narayanan, Rathinasabapathy Arumugam, Thiruvalluvar NB, and Venkatesh Perumal in 2016, CoreStack has now raised a total of $15.7M in total equity funding and investors in this round include Iron Pillar.
FLEXE — $70.0M – Series C
Seattle-based FLEXE offers a warehousing technology platform that helps enterprises expand their distribution network. Founded by Edmond Yue, Francis Duong, and Karl Siebrecht in 2013, FLEXE has now raised a total of $134.0M in total equity funding and investors in this round include Activate Capital Partners, Madrona Venture Group, Prologis, Redpoint, T. Rowe Price, and Tiger Global Management.
Flock Freight — $113.5M – Series C
Solana Beach-based Flock Freight uses algorithmic pooling technology to allow less-than-truckload (LTL) shippers to share trailer space in one full truckload. Founded by Oren Zaslansky in 2015, Flock Freight has now raised a total of $184.0M in total equity funding and investors in this round include GLP Capital Partners, GV, SignalFire, SoftBank Vision Fund, and Volvo Group Venture Capital.
Function of Beauty — $150.0M – Series B
New York-based Function of Beauty offers personalized hair care products tailored to its customers’ specific hair profile and goals. Founded by Hien Nguyen, Joshua Maciejewski, and Zahir Dossa in 2015, Function of Beauty has now raised a total of $162.2M in total equity funding and investors in this round include L Catterton.
Stord — $31.0M – Series B
Atlanta-based Stord provides warehousing services to brands who seek visibility and control over their inventory. Founded by Jacob Boudreau and Sean Henry in 2015, Stord has now raised a total of $46.0M in total equity funding and investors in this round include B Capital Group, Dynamo, Founders Fund, GoodFriends, Kleiner Perkins, and Susa Ventures.
GoSecure — $15.0M – Series E
La Jolla-based GoSecure is an information technology company that specializes in cybersecurity, cloud security, and network security. Founded by Alen Capalik and Stan Eramia in 2002, GoSecure has now raised a total of $127.4M in total equity funding and investors in this round include W Investments and Yaletown Partners.
LambdaTest — $6.0M – Series A
San Francisco-based LambdaTest allows users to seamlessly test public or locally hosted web apps across 2000+ different browsers, OS and devices. Founded by Asad Khan and Jay Singh in 2017, LambdaTest has now raised a total of $9.0M in total equity funding and investors in this round include Blume Ventures, Entree Capital, Gokul Rajaram, Leo Capital Holdings, Ramakant Sharma, and Surge.
AgentSync — $6.7M – Seed
Denver-based AgentSync is a powerful, easy-to-use Compliance as a Service solution. Founded by Jenn Knight and Niranjan Sabharwal in 2018, AgentSync has now raised a total of $11.1M in total equity funding and investors in this round include Craft Ventures and Operator Collective.
Olive — $225.5M – Venture
Columbus-based Olive has developed an artificial intelligence workforce for the health care industry. Founded by Bradley Mascho and Sean Lane in 2012, Olive has now raised a total of $456.3M in total equity funding and investors in this round include Dragoneer Investment Group, Drive Capital, General Catalyst, GV, Sequoia Capital, SVB Capital, Tiger Global Management, and Transformation Capital.
Pave — $16.0M – Series A
San Francisco-based Pave provides real-time compensation transparency tools that track, measure, and communicate the total compensation of employees. Founded by Matt Schulman and Oren Bass in 2019, Pave has now raised a total of $24.0M in total equity funding and investors in this round include a16z Cultural Leadership Fund, Andreessen Horowitz, Bessemer Venture Partners, Bezos Expeditions, Dash Fund, and Y Combinator Continuity Fund.
Proscia — $23.0M – Series B
Philadelphia-based Proscia is a software company that provides digital and computational pathology solutions. Founded by Coleman Stavish, David West, Kristina Li, and Nathan Buchbinder in 2014, Proscia has now raised a total of $33.3M in total equity funding and investors in this round include Hitachi Ventures and Scale Venture Partners.
Space Perspective — $7.0M – Seed
Merritt Island-based Space Perspective is a space travel company that was established so that humans would explore space for the betterment of all. Founded by Alan Eustace, Christopher Kidd, and Jane Poynter in 2019, Space Perspective is backed by investors that include 1517 Fund, Base Ventures, E2MC Ventures, Kirenaga Partners, Prime Movers Lab, Schox Patent Group, SpaceFund, and Tony Robbins.
Surfline — $30.0M – Venture
Huntington Beach-based Surfline provides surf reporting, forecasts, and editorial content for consumers, businesses, and government agencies. Founded by Sean Collins in 1985, Surfline is backed by investors that include The Chernin Group.
VERSATILE — $20.0M – Series A
Los Altos-based VERSATILE uses machine learning and AI to optimize construction and industrial processes. Founded by Barak Cohen, Danny Hermann, Meirav Oren, and Ran Oren in 2016, VERSATILE has now raised a total of $28.5M in total equity funding and investors in this round include Conductive Ventures, Entree Capital, Insight Partners, Leigh Jasper, Robert Bosch Venture Capital, Robert Phillpot, and Root Ventures.
Virta Health — $65.0M – Series D
San Francisco-based Virta delivers a clinically-proven treatment to reverse type 2 diabetes and other chronic metabolic diseases. Founded by Sami Inkinen in 2014, Virta Health has now raised a total of $240.0M in total equity funding and investors in this round include Caffeinated Capital and Sequoia Capital Global Equities.
