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 3/27/21 featuring funding details for Ginger, Ease, and twenty-five other rounds that you must know about.
AKASA — $60.0M – Series B
San Francisco-based AKASA is an AI-powered automation company for revenue cycle management in healthcare. Founded by Andy Atwal, Benjamin Beadle-Ryby, Malinka Walaliyadde, and Varun Ganapathi in 2018, AKASA has now raised a total of $85.0M in total equity funding and is backed by investors that include Andreessen Horowitz, Bond, and Costanoa Ventures.
AnyRoad — $10.0M – Series A
San Francisco-based AnyRoad is an ERM platform that helps companies create brand loyalty, change consumer behavior, and understand their brand associations. Founded by Daniel Yaffe and Jonathan Yaffe in 2014, AnyRoad has now raised a total of $19.2M in total equity funding and is backed by investors that include Andreessen Horowitz, Day One Ventures, Precursor, Rally Ventures, and Runa Capital.
AppliedVR — $29.0M – Series A
Van Nuys-based AppliedVR offers virtual reality-based therapeutic treatments that address the complexity of chronic pain. Founded by David Sackman, Josh Sackman, and Matthew Stoudt in 2015, AppliedVR has now raised a total of $35.0M in total equity funding and is backed by investors that include Cedars-Sinai Accelerator, F-Prime Capital, GSR Ventures, Jazz Venture Partners, Magnetic Ventures, and Sway Ventures.
Axis Security — $50.5M – Series C
San Mateo-based Axis Security manages and secures business applications through modern architecture, technology, and a zero-trust business-centric approach. Founded by Dor Knafo and Gil Azrielant in 2018, Axis Security has now raised a total of $99.5M in total equity funding and is backed by investors that include Canaan Partners, Cyberstarts, Spark Capital, and TenEleven Ventures.
On Deck — $20.0M – Series A
San Francisco-based On Deck builds a modern educational institution that unites people around the globe. Founded by Erik Torenberg and Julian Weisser in 2015, On Deck has now raised a total of $20.0M in total equity funding and is backed by investors that include Aarti Ramamurthy, Adam D’Angelo, Afton Vechery, Anthony Pompliano, Bloomberg Beta, Chamath Palihapitiya, Dylan Field, Elad Gill, Eric Su, Eric Yuan, Founders Fund, Fred Ehrsam, Henry Ward, Jen Rubio, Jules Walter, Julia DeWahl, Julia Lipton, Learn Capital, Not Boring, Precursor Ventures, Scott Belsky, Slack Fund, The New Normal Fund, and Village Global.
Bevy — $40.0M – Series C
Palo Alto-based Bevy is an enterprise-grade virtual conference and community events platform designed to build, grow, and scale global communities. Founded by Alex Bendig, Derek Andersen, and Joel Fernandes in 2017, Bevy has now raised a total of $61.4M in total equity funding and is backed by investors that include Accel, Angela Benton, Arlan Hamilton, Baron Davis, Ben Galbraith, Benjamin Ball, Brandon Gayje, Corey Smith, Courtland Allen, Derek Ali, Eric Rea, Erica Kuhl, Guy Primus, Hamet Watt, Holly Firestone, James D White, James H. Lowry, Jason Mayden, Jewel Burks Solomon, Laura Nestler, LinkedIn, Mckeever Conwell, Michael Johnson, Natalie Fair, Olatunde Sobomehin, Omar Johnson, Paul Judge, Peggy Alford, Phin Mpofu, Reuben Ogbonna II, Ryan Smith, Samra Mekuria-Grillo, Semil Shah, Shana Sumers, Sidney Majalya, Taj Ahmad-Eldridge, TD Lowe, Tina Roth Eisenberg, Upfront Ventures, Vlad Magdalin, and Willie Alford II.
Ginger — $100.0M – Series E
San Francisco-based Ginger is an on-demand mental health company providing around-the-clock access to emotional support via coaching, therapy, and psychiatry. Founded by Anmol Madan and Karan Singh in 2011, Ginger has now raised a total of $220.7M in total equity funding and is backed by investors that include Blackstone Group.
Dataminr — $475.0M – Series F
New York-based Dataminr develops an artificial intelligence platform designed for real-time event and risk detection. Founded by Jeff Kinsey, Sam Hendel, and Theodore Bailey in 2009, Dataminr has now raised a total of $1.1B in total equity funding and is backed by investors that include ArrowMark Partners, DNS Capital, Eden Global, Eldridge, IVP, Lurra Capital, Moore Capital, Morgan Stanley Tactical Value, MSD Capital, Reinvent Capital, The Pritzker Organization, and Valor Equity Partners.
Ease — $41.0M – Series C
San Francisco-based Ease is a benefits administration software designed for small businesses, insurance brokers, and insurance carriers. Founded by Courtney Guertin and David A. Reid in 2012, Ease has now raised a total of $68.6M in total equity funding and is backed by investors that include Centana Growth Partners, Compound, Freestyle Capital, Propel Venture Partners, Spectrum Equity, and Upside Partnership.
Flex Logix Technologies — $55.0M – Series D
Mountain View-based Flex Logix Technologies is a semiconductor startup designing reconfigurable AI accelerator chips. Founded by Cheng C. Wang and Geoff Tate in 2014, Flex Logix Technologies has now raised a total of $67.4M in total equity funding and is backed by investors that include Eclipse Ventures, Lux Capital, Mithril Capital Management, and Tate Family Trust.
Evidation Health — $153.0M – Series E
San Mateo-based Evidation Health is a health data analytics platform that collects and analyzes continuous behavior data and healthcare information. Founded by Alessio Signorini, Christine Lemke, Luca Foschini, and Mikki Nasch in 2012, Evidation Health has now raised a total of $259.0M in total equity funding and is backed by investors that include B Capital Group, Kaiser Permanente Ventures, McKesson Ventures, and OMERS Private Equity.
Feedzai — $200.0M – Series D
San Mateo-based Feedzai develops risk management tools to prevent fraud and money laundering in transactions. Founded by Nuno Sebastiao, Paulo Marques, and Pedro Bizarro in 2009, Feedzai has now raised a total of $277.5M in total equity funding and is backed by investors that include Citi Ventures, Kohlberg Kravis Roberts, and Sapphire Ventures.
Gopuff — $1.2B – Series G
Philadelphia-based Gopuff is the go-to delivery solution for immediate everyday needs. Founded by Rafael Ilishayev and Yakir Gola in 2013, Gopuff has now raised a total of $2.4B in total equity funding and is backed by investors that include Baillie Gifford, D1 Capital Partners, Eldridge, Fidelity Management and Research Company, Luxor Capital Group, Reinvent Capital, and SoftBank Vision Fund.
ID.me — $100.0M – Series C
Mclean-based ID.me is a digital identity network that aims to simplify the user’s indication verification experience. Founded by Blake Hall, Matthew Thompson, and Tanel Suurhans in 2010, ID.me has now raised a total of $141.8M in total equity funding and is backed by investors that include Airbnb, Alexa von Tobel, BoxGroup, CapitalG, Dan Rosensweig, Lead Edge Capital, Lyft, Marcelo Claure, Moonshots Capital, Morgan Stanley, PSP Growth, SoftBank, Viking Global Investors, Willoughby Capital, and WndrCo.
Komodo Health — $220.0M – Series E
San Francisco-based Komodo Health develops computer software that brings transparency and market intelligence to healthcare and life sciences. Founded by Arif Nathoo and Web Sun in 2014, Komodo Health has now raised a total of $314.0M in total equity funding and is backed by investors that include Andreessen Horowitz, Casdin Capital, ICONIQ Growth, SVB Capital, and Tiger Global Management.
Lattice — $60.0M – Series E
San Francisco-based Lattice is a people management platform that empowers people leaders to build engaged, high-performing teams. Founded by Eric Koslow and Jack Altman in 2015, Lattice has now raised a total of $154.3M in total equity funding and is backed by investors that include Founders Fund, Frontline Ventures, Fuel Capital, Khosla Ventures, Shasta Ventures, Thrive Capital, and Tiger Global Management.
Neighbor — $53.0M – Series B
Lehi-based Neighbor specializes in the fields of public storage, economic empowerment, sharing economy, and peer-to-peer marketplace. Founded by Colton Gardner, Joseph Woodbury, and Preston Alder in 2017, Neighbor has now raised a total of $65.7M in total equity funding and is backed by investors that include Andreessen Horowitz, Fifth Wall, Jonathan Johnson, Ryan Graves, Scott Cutler, and Tony Xu.
Notarize — $130.0M – Series D
Boston-based Notarize is an on-demand remote electronic notary service that allows anyone to legally notarize a document online. Founded by Adam Pase and Pat Kinsel in 2015, Notarize has now raised a total of $213.3M in total equity funding and is backed by investors that include Camber Creek, Canapi Ventures, CapitalG, Citi Ventures, Fifth Wall, Ludlow Ventures, Second Century Ventures, TrueBridge Capital Partners, and Wells Fargo.
Pie Insurance — $118.0M – Series C
Washington-based Pie Insurance is an insurtech that offers workersâ compensation insurance to small businesses. Founded by Dax Craig and John Swigart in 2017, Pie Insurance has now raised a total of $306.0M in total equity funding and is backed by investors that include Acrew Capital, Allianz X, Echelon, Elefund, Greycroft, SiriusPoint, and SVB Capital.
Rec Room — $100.0M – Venture
Seattle-based Rec Room is the online universe where you play and create games with friends. Founded by Bilal Orhan, Cameron Brown, Dan Kroymann, John Bevis, Josh Wehrly, and Nick Fajt in 2016, Rec Room has now raised a total of $149.0M in total equity funding and is backed by investors that include Index Ventures, Madrona Venture Group, and Sequoia Capital.
Ro — $500.0M – Series D
New York-based Ro is a telehealth startup that operates digital health clinics for menâs and womenâs health, along with smoking cessation. Founded by Rob Schutz, Saman Rahmanian, and Zachariah Reitano in 2017, Ro has now raised a total of $876.1M in total equity funding and is backed by investors that include 776 Capital, Altimeter Capital, BoxGroup, Dragoneer Investment Group, FirstMark, General Catalyst, Radcliff Group, ShawSpring Partners, SignalFire, The Baupost Group, Torch Capital, and TQ Ventures. AlleyWatch covered this round in an exclusive interview with Reitano – Ro Raises $500M for its Primary Care Telehealth Platform That Makes Healthcare Accessible at a Time When We Need it Most
Trace — $8.3M – Seed
San Francisco-based Trace, the first service desk for finance, provides collaborative workflows and analytics for companies to better manage financial services like budgeting, spending, and hiring. Founded by Martin Destagnol, Matt Gonzalez, and Mike Gonzalez in 2018, Trace has now raised a total of $8.3M in total equity funding and is backed by investors that include Greylock, Nyca Partners, Redpoint, and Uncork Capital.
Lolli — $5.0M – Seed
New York-based Lolli is a rewards app that allows users to earn bitcoin when shopping online. Founded by Alex Adelman and Matt Senter in 2018, Lolli has now raised a total of $10.3M in total equity funding and is backed by investors that include Casey Neistat, cody ko, Gabriel Leydon, Ian Borthwick, Night Media, Noel Miller, Phil Defranco, Serena Ventures, and Seven Seven Six.
