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The AlleyWatch Startup Daily Funding Report: 3/11/2021

AlleyWatch by AlleyWatch
The AlleyWatch Startup Daily Funding Report: 3/11/2021
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The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 3/11/2021 featuring funding details for BlockFi, Hugging Face, and much more. This page will be updated throughout the day to reflect any new fundings.

BlockFi — $350M – Series D

BlockFi, the provider of crypto banking solutions, has raised $350M in Series D funding from investors that include Bain Capital Ventures, Susquehanna Government Products, Valar Ventures, Pomp Investments, Tiger Global Management, Paradigm, Jump Capital, and Breyer Capital. BlockFi was founded by Flori Marquez and Zac Prince in 2017. This round comes at a $3B valuation; Blockfi raised its last round in August of $220M at a $450M valuation.

Hugging Face — $40M – Series B

Hugging Face, the open-source natural language processing gallery, has raised $40M in Series B funding from investors that include Addition, Lux Capital, A. Capital, Betaworks, Dev Ittycheria, Olivier Pomel, Alex Wang, Aghi Marietti, Florian Douetteau, Richard Socher, Paul St. John, Kevin Durant and Rich Kleiman. Hugging Face was founded by Clement Delangue, Julien Chaumond, and Thomas Wolf in 2016.

Apploi — $8M – Series B

Apploi, the healthcare recruitment, onboarding, and credentialing platform, has raised $8M in Series B funding from investors that include Underscore VC and Defy.vc. Founded by Adam Lewis in 2014, Apploi has now raised a total of $20.5M in reported equity funding.

Bedrock Ocean Exploration — $8M – Seed

Bedrock Ocean Exploration, the Brooklyn startup that’s using robotics and software to explore ocean floors, has raised $8M in Seed funding from investors that include Eniac Ventures, Primary Venture Partners, Quiet Capital, Kyle Vogt, and R7 Partners. Bedrock Ocean Exploration was founded by Anthony DiMare and Charles Chiau in .

Tags:  Julien ChaumondA. Capital VenturesAdam LewisAdditionAghi MariettiAlex WangAnthony DiMareApploiBedrock Ocean ExplorationBetaworksBlockFiCharles ChiauClement DelangueDefy.vcDev IttycheriaFlori MarquezFlorian DouetteauHugging FaceKevin DurantKyle VogtLux CapitalOlivier PomelPaul St. JohnQuiet CapitalR7 PartnersRich KleimanRichard SocherThomas WolfUnderscore VCZac Prince
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