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 4/24/21 featuring funding details for Clasy, Bitmovin, and twenty-seven other rounds that you must know about.
Aisera — $40.0M – Series C
Palo Alto-based Aisera provides AI-driven service solution that automates operations and support for IT, human resources, sales, and customer service. Founded by Christos Tryfonas and Muddu Sudhakar in 2017, Aisera has now raised a total of $74.5M in total equity funding and investors in this round include First Round Capital, Icon Ventures, Khosla Ventures, Menlo Ventures, Norwest Venture Partners, Sherpalo Ventures, True Ventures, Webb Investment Network, and World Innovation Lab (WiL).
Alto Solutions — $17.0M – Series A
Nashville-based Alto Solutions delivers an easy-to-use, automated process for investing in alternatives with IRA savings. Founded by Eric Satz in 2016, Alto Solutions has now raised a total of $30.3M in total equity funding and investors in this round include Acrew Capital, Alpha Edison, Carta Ventures, Coinbase Ventures, Franklin Templeton Investments, Moment Ventures, New York Life Ventures, Stone Ridge Asset Management, Third Prime, and Unusual Ventures.
AppOmni — $40.0M – Series B
San Francisco-based AppOmni is a SaaS security management solution that enables security and IT teams to secure applications used by their employees. Founded by Brendan O’Connor and Brian Soby in 2018, AppOmni has now raised a total of $53.0M in total equity funding and investors in this round include ClearSky, Costanoa Ventures, Inner Loop Capital, Salesforce Ventures, Scale Venture Partners, ServiceNow Ventures, and Silicon Valley Data Capital.
Bitmovin — $25.0M – Series C
San Francisco-based Bitmovin is a multimedia technology company providing adaptive streaming video infrastructure for global digital media companies. Founded by Christian Timmerer, Christopher Mueller, and Stefan Lederer in 2012, Bitmovin has now raised a total of $65.3M in total equity funding and investors in this round include Atomico, Climb Ventures, Constantia New Business, Highland Europe, and Swisscom Ventures.
Chargebee — $125.0M – Series G
San Francisco-based Chargebee provides subscription and recurring billing systems for SaaS and e-commerce businesses. Founded by KP Saravanan, Krish Subramanian, Rajaraman Santhanam, and Thiyagarajan Thiyagu in 2011, Chargebee has now raised a total of $218.2M in total equity funding and investors in this round include Insight Partners, Sapphire Ventures, Steadview Capital, and Tiger Global Management.
Classy — $118.0M – Series D
San Diego-based Classy offers an online and mobile platform that enables socially good organizations to raise funds for various causes. Founded by Joe Callahan, Marshall Peden, Pat Walsh, and Scot Chisholm in 2006, Classy has now raised a total of $183.5M in total equity funding and investors in this round include Hinge Capital, Norwest Venture Partners, Salesforce Ventures, and Santa Barbara Venture Partners.
Deep Instinct — $100.0M – Series D
New York-based Deep Instinct applies deep learning to cybersecurity, offering zero-day attack protection. Founded by Eli David, Guy Caspi, and Nadav Maman in 2015, Deep Instinct has now raised a total of $192.1M in total equity funding and investors in this round include Anne Wojcicki, BlackRock, Coatue Management, Millennium Management, Tudor Group, Unbound, and Untitled Investments. AlleyWatch broke the news of this round in an exclusive interview with Caspi – Deep Instinct Raises $100M for its Cybersecurity Threat Prevention Platform Built on Deep Learning
ExecOnline — $45.0M – Series D
New York-based ExecOnline provides companies with executive training solutions. Founded by Barry Goldberg, Julia F. Alexander, Mark Ozer, and Stephen Bailey in 2012, ExecOnline has now raised a total of $85.9M in total equity funding and investors in this round include ABS Capital Partners, Kaplan, NewSpring, OMERS Growth Equity, and Osage Venture Partners.
Fintor — $2.5M – Seed
Los Angeles-based Fintor is a platform for buying and selling fractional equity shares in real estate properties. Founded by Farshad Yousefi and Masoud Jalali in 2021, Fintor has now raised a total of $2.5M in total equity funding and investors in this round include 500 Startups, Andrew Zalasin, Ankur Nagpal, Graphene Ventures, Hustle Fund, J. Skyler Fernandes, Jonathan Wasserstrum, Mana Ventures, Manny Khoshbin, and Michael Olmstead.
Floyd — $15.0M – Series B
Detroit-based Floyd is a direct to consumer furniture brand that changes the way people consume, keep, and enjoy their furniture. Founded by Alexander O’Dell and Kyle Hoff in 2013, Floyd has now raised a total of $24.7M in total equity funding and investors in this round include 14W, Beringea, LZB Investments, and Walden Ventures.
Percent — $12.5M – Series A
New York-based Percent is a digital securitization and investment platform that offers investors access to alternative investment opportunities. Founded by Jane Yang and Nelson Chu in 2018, Percent has now raised a total of $18.5M in total equity funding and investors in this round include B Capital Group, Recharge Capital, Revel Partners, and White Star Capital.
Sift — $50.0M – Series E
San Francisco-based Sift applies insights from a global network of data to detect fraud and increase positive user experience. Founded by Brandon Ballinger and Jason Tan in 2011, Sift has now raised a total of $158.1M in total equity funding and investors in this round include Insight Partners, Stripes, and Union Square Ventures.
Hive — $50.0M – Series D
San Francisco-based Hive provides cloud-based enterprise AI solutions designed for intelligent automation. Founded by Dmitriy Karpman and Kevin Guo in 2013, Hive has now raised a total of $118.7M in total equity funding and investors in this round include Bain & Company, General Catalyst, Glynn Capital Management, Jericho Capital, and Tomales Bay Capital.
HYPR — $35.0M – Series C
New York-based HYPR is a cybersecurity company that provides passwordless authentication for users. Founded by Bojan Simic, George Avetisov, James Barcia, and Roman Kadinsky in 2014, HYPR has now raised a total of $72.1M in total equity funding and investors in this round include Advent International. AlleyWatch broke the news of this round in an exclusive interview with Avetisov – HYPR Raises Another $35M for its Passwordless Multi-Factor Authentication Platform
Injective Protocol — $10.0M – Venture
New York-based Injective Protocol is a DeFi protocol that is used for cross-chain derivatives trading across a wide range of financial products. Founded by Albert Chon and Eric Chen in 2018, Injective Protocol has now raised a total of $17.1M in total equity funding and investors in this round include BlockTower Capital, Cadenza Capital Management, CMS Holdings, Hashed, Mark Cuban, Pantera Capital, and QCP Capital.
Kandji — $60.0M – Series B
San Diego-based Kandji is a next-generation Apple device management platform for macOS, iOS, iPadOS, and tvOS. Founded by Adam Pettit, Mark Daughters, and Wesley Pettit in 2018, Kandji has now raised a total of $88.4M in total equity funding and investors in this round include B Capital Group, Felicis Ventures, First Round Capital, Greycroft, Lee Fixel, Okta Ventures, Operator Partners, SVB Capital, The Spruce House Partnership, and Webb Investment Network.
Leo — $3.0M – Seed
San Francisco-based Leo is an augmented reality app that allows people to experience advanced augmented reality through realistic animated and 3D objects. Founded by Dana Loberg and Sahin Boydas in 2017, Leo has now raised a total of $3.0M in total equity funding and investors in this round include Betaworks, Dennis Phelps, DTCP, Great Oaks Venture Capital, and Quake Capital Partners.
Mantl — $40.0M – Series B
New York-based Mantl is a banking technology company that provides workflow management and automation tools for banks and credit unions. Founded by Benjamin Conant, Nathaniel Harley, and Raj Patel in 2016, Mantl has now raised a total of $62.0M in total equity funding and investors in this round include BoxGroup, CapitalG, Clocktower Technology Ventures, D1 Capital Partners, OldSlip Group, and Point72 Ventures.
NYMBUS — $15.0M – Series C
Miami Beach-based NYMBUS is a provider of banking technology solutions for financial institutions to innovate and grow. Founded by Alex Lopatine and Scott W. Killoh in 2015, NYMBUS has now raised a total of $113.4M in total equity funding and investors in this round include Financial Services Capital Partners.
Overtime — $80.0M – Series C
Brooklyn-based Overtime is a sports network that produces several sports-focused series and short-form content for the next generation of sports fans. Founded by Dan Porter and Zachary Weiner in 2016, Overtime has now raised a total of $115.0M in total equity funding and investors in this round include 10X Capital, Aaron Gordon, Alexis Ohanian, Andrew Wiggins, Anthony Edwards, Aubrey Graham (Drake), Bakari Sellers, Bezos Expeditions, Black Capital, Cam Reddish, Chiney Ogwumike, Concrete Rose Capital, Counterpoint Global, Danny Green, Deandre Ayton, Dentsu Ventures, Devin Booker, DeâAaron Fox, Domas Sabonis, Gaingels, Garrett Temple, Gerald Wallace, Hassan Whiteside, Intersect Capital, Isaiah Thomas, JaVale McGee, Jeff Kearl, Kelly Olynyk, Kenyon Martin, Khris Middleton, Klay Thompson, Kyle Lowry, LightShed Ventures, Lonzo Ball, Micromanagement Ventures, Nathan Walton, Nick Young, Pau Gasol, PROOF Fund, Rogue Insight Capital, Sapphire Sport, Strategic Partners, Taurean Prince, Thaddeus Young, Trae Young, True Capital Management, Will Barton, and Zach LaVine.
Productboard — $72.0M – Series C
San Francisco-based Productboard is a product management system that helps organizations get the right products to market faster. Founded by Daniel Hejl and Hubert Palan in 2014, Productboard has now raised a total of $136.3M in total equity funding and investors in this round include Bessemer Venture Partners, Index Ventures, Kleiner Perkins, Sequoia Capital, and Tiger Global Management.
RapidAPI — $60.0M – Series C
San Francisco-based RapidAPI is an API marketplace that enables developers to find and connect to APIs. Founded by Iddo Gino and Mickey Hasalvsky in 2015, RapidAPI has now raised a total of $122.5M in total equity funding and investors in this round include Andreessen Horowitz, DNS Capital, Green Bay Ventures, Grove Ventures, M12, Stripes, and Viola Growth.
Replica — $41.0M – Series B
Overland Park-based Replica is an enterprise data platform that delivers critical insights about the built environment. Founded by Alexei Pozdnukhov, Brett Naul, Jacob Hayes, Kael Greco III, and Nick Bowden in 2019, Replica has now raised a total of $52.0M in total equity funding and investors in this round include Firebrand Ventures, Founders Fund, Innovation Endeavors, Revolutionâs Rise of the Rest Seed Fund, and Sidewalk Labs.
SolidEnergy Systems — $139.0M – Series D
Woburn-based SolidEnergy is a manufacturer of Li-metal batteries for electric vehicles. Founded by Qichao Hu in 2012, SolidEnergy Systems has now raised a total of $225.1M in total equity funding and investors in this round include Applied Ventures, General Motors, SAIC Motor, SK Holdings, Temasek Holdings, and Vertex Ventures.
Tribal Credit — $34.3M – Series A
San Jose-based Tribal Credit is a corporate charge card specially designed for startups Founded by Amr Shady, Duane Good, Hariraj Jayakumar, Mohamed Elkasstawi, and Prasant Sudhakaran in 2016, Tribal Credit has now raised a total of $43.4M in total equity funding and investors in this round include BECO Capital, Endeavor Catalyst, Endure Capital, Global Ventures, OTG, Partners for Growth, QED Investors, and Stellar Development Foundation.
Virta Health — $133.0M – Series E
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 $373.0M in total equity funding and investors in this round include Tiger Global Management.
Class Technologies — $12.3M – Series A
Washington-based Class Technologies provides Class for Zoom, which integrates the Class software on the Zoom Meetings platform. Founded by Michael Chasen and Wesley Boyer in 2020, Class Technologies has now raised a total of $59.0M in total equity funding and investors in this round include Guy Oseary, Salesforce Ventures, Sound Ventures, and Tom Brady.
Welcome Technologies — $35.0M – Series B
Los Angeles-based Welcome Technologies is a digital platform that builds data-driven services for immigrant communities. Founded by Amir Hemmat and Raul Lomeli in 2010, Welcome Technologies has now raised a total of $43.0M in total equity funding and investors in this round include Crosscut Ventures, Mubadala Capital | Ventures US, Next Play Capital, Owl Capital, Owl Ventures, SB Opportunity Fund, and TTV Capital.
