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 funding rounds for the week ending 1/30/21 featuring funding details for Physna, Sitetracker, Calendly, and twenty other rounds that you must know about.
Lyra Health — $187.0M – Series E
Burlingame-based Lyra helps companies improve access to effective, high-quality mental health care for their employees. Founded by David Ebersman and Dena Bravata in 2015, Lyra Health has now raised a total of $475.1M in total equity funding and investors in this round include Addition, Baillie Gifford, Durable Capital Partners, and Fidelity Management and Research Company.
dYdX — $10.0M – Series B
San Francisco-based dYdX is a leading decentralized exchange offering Perpetual, Margin, & Spot trading, as well as borrow / lend pools on Ethereum. Founded by Antonio Juliano in 2017, dYdX has now raised a total of $22.0M in total equity funding and investors in this round include Andreessen Horowitz, Defiance Capital, GSR, Hashed, Polychain, RockTree Capital, Scalar Capital, The Spartan Group, Three Arrows Capital, and Wintermute Trading.
Doorvest — $2.5M – Seed
San Francisco-based Doorvest is a full-service real estate investing platform that helps working professionals gain passive income. Founded by Andrew Luong and Justin Kasad in 2018, Doorvest has now raised a total of $3.5M in total equity funding and investors in this round include Mucker Capital.
SetSail — $26.0M – Series A
San Mateo-based SetSail is an AI-powered platform that combines data and behavioral science to drive more revenue per sales rep. Founded by Bert Lui, Haggai Levi, and Majed Itani in 2018, SetSail has now raised a total of $37.0M in total equity funding and investors in this round include Insight Partners, Operator Collective, Team8 Capital, and Wing Venture Capital.
Usermind — $14.0M – Series C
Seattle-based Usermind’s customer experience platform optimizes real-time customer interactions to improve business outcomes. Founded by Michel Feaster and Przemek Pardyak in 2013, Usermind has now raised a total of $60.2M in total equity funding and investors in this round include Anchor Capital, Andreessen Horowitz, Menlo Ventures, and WestRiver Group.
Bloomreach — $150.0M – Series E
Mountain View-based Bloomreach is an API company that helps eCommerce customers create, personalize, and scale commerce experiences. Founded by Ashutosh Garg and Raj De Datta in 2009, Bloomreach has now raised a total of $247.0M in total equity funding and investors in this round include Sixth Street.
Goalsetter — $3.9M – Seed
New York-based Goalsetter is a children and family finance app that provides a next-generation, education-first banking experience. Founded by Tanya Van Court in 2015, Goalsetter has now raised a total of $4.5M in total equity funding and investors in this round include Amber Sabathia, Astia, Baron Davis, CC Sabathia, Chris Paul, Elevate Capital, Kevin Durant, Mastercard, Northwestern Mutual Future Ventures, Pipeline Angels, PNC Bank, Portfolia, Robert F. Smith, Ryan Bathe, Sterling K. Brown, and US Bank.
Melio — $110.0M – Series C
New York-based Melio is a fintech company that gives small businesses a way to digitally manage their business-to-business payments and receivables. Founded by Ilan Atias, Matan Bar, and Ziv Paz in 2018, Melio has now raised a total of $254.0M in total equity funding and investors in this round include Accel, Aleph, American Express Ventures, Bessemer Venture Partners, Coatue, Corner Ventures, General Catalyst, Latitude, and Salesforce Ventures.
OwnBackup — $167.5M – Series D
Englewood Cliffs-based OwnBackup is a provider of cloud data protection and backup system for companies using Salesforce. Founded by Ariel Berkman, Daniel Gershuni, Eran Cohen, Ori Yankelev, and Sam Gutmann in 2015, OwnBackup has now raised a total of $267.3M in total equity funding and investors in this round include Innovation Endeavors, Insight Partners, Oryzn Capital, Salesforce Ventures, Sapphire Ventures, and Vertex Ventures.
Physna — $20.0M – Series B
Cincinnati-based Physna is a geometric deep-learning and 3D search company that searches, compares, and analyzes 3D models. Founded by Paul Powers in 2016, Physna has now raised a total of $29.0M in total equity funding and investors in this round include Drive Capital and Sequoia Capital.
Sitetracker — $42.0M – Series C
Palo Alto-based Sitetracker is a SaaS platform for deploying, operating, and servicing critical infrastructure and technology. Founded by Brett Cupta and Timothy May in 2013, Sitetracker has now raised a total of $87.0M in total equity funding and investors in this round include Clearvision Ventures, DTCP, Energize Ventures, Energy Impact Partners, H.I.G. Growth Partners, National Grid Partners (NGP), New Enterprise Associates, Salesforce Ventures, Wells Fargo Strategic Capital, and Inc..
Starship Technologies — $17.0M – Venture
San Francisco-based Starship Technologies is a robotics company building fleets of self-driving delivery robots designed to deliver goods. Founded by Ahti Heinla and Janus Friis in 2014, Starship Technologies has now raised a total of $99.2M in total equity funding and investors in this round include Goodyear Ventures and TDK Ventures.
Literati — $40.0M – Series B
Austin-based Literati is a book subscription company that offers clubs for both kids and adults. Founded by Jessica Ewing and Kelly Carroll in 2017, Literati has now raised a total of $92.0M in total equity funding and investors in this round include 01 Advisors, Felicis Ventures, Founders Fund, General Catalyst, Shasta Ventures, Silverton Partners, Springdale Ventures, and Stephen Curry.
Wyre — $7.5M – Venture
San Francisco-based Wyre develops a wide variety of payment APIs that offer a fast and cost-effective way of transferring money. Founded by Ioannis Giannaros and Michael Dunworth in 2013, Wyre has now raised a total of $28.7M in total equity funding and investors in this round include Draper Associates, Great Oaks Venture Capital, and Stellar Development Foundation.
Splashtop — $50.0M – Series E
San Jose-based Splashtop is a provider of remote-desktop support software for business, MSPs, IT, helpdesks, and schools. Founded by Mark Lee, Philip Sheu, Robert Ha, and Thomas Deng in 2006, Splashtop has now raised a total of $99.0M in total equity funding and investors in this round include DFJ DragonFund, New Enterprise Associates, Sapphire Ventures, and Storm Ventures.
IMVU — $35.0M – Venture
Redwood City-based IMVU is a social entertainment website where members use 3D avatars to meet new people, play games, and develop online communities. Founded by Eric Ries, Marcus Gosling, and Matt Danzig in 2004, IMVU has now raised a total of $64.0M in total equity funding and investors in this round include NetEase and Structural Capital.
Albert — $100.0M – Series C
Culver City-based Albert is a financial technology company aiming to democratize money management by making financial advice accessible and affordable. Founded by Andrzej Baraniak and Yinon Ravid in 2015, Albert has now raised a total of $172.9M in total equity funding and investors in this round include CapitalG, General Atlantic, Portag3 Ventures, and QED Investors. LA TechWatch published an exclusive interview with Ravid earlier this week – Albert Raises $100M to Help Manage Your Finances with a Blend of Automation and Expert Human Guidance
Calendly — $350.0M – Series A
Atlanta-based Calendly is an automated scheduling tool that takes the work out of connecting with others so that its users can accomplish more. Founded by Tope Awotona in 2013, Calendly has now raised a total of $350.6M in total equity funding and investors in this round include ICONIQ Capital and OpenView.
Playvox — $25.0M – Series B
Sunnyvale-based Playvox is a provider of quality assurance software for customer service. Founded by Oscar Giraldo in 2012, Playvox has now raised a total of $34.0M in total equity funding and investors in this round include Five Elms Capital.
Robinhood — $1.0B – Venture
Menlo Park-based Robinhood is a financial technology company that offers commission-free investing. Founded by Baiju Bhatt and Vlad Tenev in 2013, Robinhood has now raised a total of $3.2B in total equity funding and investors in this round include Ribbit Capital and Sequoia Capital.
SamCart — $10.0M – Series A
Austin-based SamCart is an e-Commerce platform designed to enable direct-to-consumer brands’ growth. Founded by Brian Moran and Scott Moran in 2014, SamCart has now raised a total of $13.0M in total equity funding and investors in this round include Fin Venture Capital, George Kaiser Family Foundation, and TTV Capital.
Ocient — $40.0M – Series B
Chicago-based Ocient is a startup building a near-real time database and data analytics platform for petabyte- to exabyte-scale data sets. Founded by Chris Gladwin, George Kondiles, and Joe Jablonski in 2016, Ocient has now raised a total of $65.0M in total equity funding and investors in this round include Alumni Ventures Group, Gaingels, Greycroft, Hyde Park Angels, Massachusetts Institute of Technology – MIT, Northwestern University, OCA Ventures, Pritzker Group Venture Capital, PSP Capital Partners, and Valor Equity Partners.
Sidecar Health — $125.0M – Series C
El Segundo-based Sidecar Health is an insurtech company that provides a personalized health insurance platform. Founded by Patrick Quigley and Veronica Osetinsky in 2018, Sidecar Health has now raised a total of $163.0M in total equity funding and investors in this round include Alpha Edison, Bond, Cathay Innovation, Drive Capital, GreatPoint Ventures, Menlo Ventures, and Tiger Global Management.
