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 5/8/21 featuring funding details for HoneyBook, Genies, Bitski, and twenty-five other rounds that you must know about.
Alife — $9.5M – Seed
San Francisco-based Alife develops artificial intelligence tools to assist physicians in increasing a patient’s chances of pregnancy success. Founded by Paxton Maeder-York in 2020, Alife has now raised a total of $9.5M in total equity funding and is backed by investors that include Amira Yahyaoui, Amplo, Anne Wojcicki, Arthur Patterson, Fred Moll, M.D, IA Ventures, Lux Capital, Springbank Collective, and Thomas Lee.
Avenue 8 — $14.0M – Series A
San Francisco-based Avenue 8 is a digital and mobile-first residential real estate brokerage developed for modern real estate agents. Founded by Justin Fichelson and Michael Martin in 2020, Avenue 8 has now raised a total of $18.0M in total equity funding and is backed by investors that include Craft Ventures, Good Friends, Threshold, and Zigg Capital.
Bitski — $19.0M – Series A
San Francisco-based Bitski allows creators, brands, and platforms to create, sell, and purchase NFTs. Founded by Donnie Dinch, Julian Tescher, and Steve Jang in 2016, Bitski has now raised a total of $23.3M in total equity funding and is backed by investors that include Andreessen Horowitz, Ari Emanuel, Galaxy Digital, Kindred Ventures, Serena Williams, and Shawn Carter.
Coin Metrics — $15.0M – Series B
Boston-based Coin Metrics is a provider of crypto financial intelligence providing network data, market data, index, and network risk solutions. Founded by Aleksei Nokhrin, Alexander Bich, Jacob Franek, and Timothy Rice in 2017, Coin Metrics has now raised a total of $22.9M in total equity funding and is backed by investors that include Acrew Capital, Avon Ventures, BlockFi, Castle Island Ventures, Collab+Currency, Communitas Asset Management, Fidelity Investments, Goldman Sachs, Highland Capital Partners, Morningside Group, and Warburg Serres Investments.
Collective Health — $280.0M – Series F
San Francisco-based Collective Health is a company providing an alternative to traditional health insurance. Founded by Ali Diab and Rajaie Batniji in 2013, Collective Health has now raised a total of $719.0M in total equity funding and is backed by investors that include Anchor Capital, DFJ Growth, Founders Fund, G Squared, Health Care Service Corporation, Maverick Ventures, New Enterprise Associates, PFM Health Sciences, SoftBank Vision Fund, and Sun Life Financial.
Copper Cow Coffee — $8.5M – Series A
Los Angeles-based Copper Cow Coffee is a Vietnamese coffee company that offers specialty Vietnamese coffee to offices and homes. Founded by Debbie Mullin in 2017, Copper Cow Coffee has now raised a total of $11.5M in total equity funding and is backed by investors that include Arborview Capital, CRCM Ventures, Cultivian Sandbox Ventures, Montage Ventures, Siddhi Capital, Silverton Partners, Social Starts, and Stormbreaker Ventures.
Dyno Therapeutics — $100.0M – Series A
Cambridge-based Dyno Therapeutics is a biotechnology company that uses artificial intelligence for gene therapy. Founded by Adrian Veres, Alan Crane, Eric Kelsic, George Church, Sam Sinai, and Tomas Bjorklund in 2018, Dyno Therapeutics has now raised a total of $109.0M in total equity funding and is backed by investors that include Andreessen Horowitz, Casdin Capital, CRV, GV, KdT Ventures, Lux Capital, Obvious Ventures, and Polaris Partners.
Forge — $150.0M – Venture
San Francisco-based Forge (formerly Equidate) is a marketplace for private equity, giving private and institutional investors access to top pre-IPO companies. Founded by Andrea Walne, Gil Silberman, Samvit Ramadurgam, and Sohail Prasad in 2014, Forge has now raised a total of $238.5M in total equity funding and is backed by investors that include Deutsche Borse, LUN Partners Group, Temasek Holdings, Wells Fargo Strategic Capital, and Inc..
Genies — $65.0M – Series B
Venice-based Genies is an avatar technology company that builds avatars for people and communities. Founded by Akash Nigam, Evan Rosenbaum, Jake Adams, and Matt Geiger in 2017, Genies has now raised a total of $117.0M in total equity funding and is backed by investors that include A.Capital Ventures, Amplo, Bond, Breyer Capital, Camilla Cabello, Coinbase Ventures, Dapper Labs, Foundation Capital, Gaingels, HashKey Capital, NetEase, New Enterprise Associates, Polychain, Red Sea Ventures, Shrug Capital, Tamarack Ventures, and Tull Investment Group.
Headway — $70.0M – Series B
New York-based Headway is a mental healthcare system provider that helps patients connect with therapists and submit insurance claims online. Founded by Andrew Adams, Daniel Ross, Jake Sussman, and Kevin Chan in 2019, Headway has now raised a total of $100.5M in total equity funding and is backed by investors that include Accel, Andreessen Horowitz, GV, and Thrive Capital. AlleyWatch broke the news of this round in an exclusive interview with Adams – Headway Raises $70M to Make Mental Healthcare Accessible With its National Network of Therapists
HoneyBook — $155.0M – Series D
San Francisco-based HoneyBook is a business management platform creating tools to help creative entrepreneurs run their business on their own terms. Founded by Dror Shimoni, Naama Alon, Oz Alon, and Shadiah Sigala in 2013, HoneyBook has now raised a total of $241.0M in total equity funding and is backed by investors that include 01 Advisors, Battery Ventures, Citi Ventures, Durable Capital Partners, Norwest Venture Partners, OurCrowd, Tiger Global Management, and Zeev Ventures.
Hwy Haul — $7.6M – Series A
Santa Clara-based Hwy Haul is an AI/ML powered digital freight platform that connects Shippers directly with Carriers by eliminating intermediary friction. Founded by Sharan Grewal, Syed Aman, and Zahed Khan in 2018, Hwy Haul has now raised a total of $10.6M in total equity funding and is backed by investors that include AgFunder, BluePointe Ventures, Eileses Capital, and True Blue Partners.
JupiterOne — $30.0M – Series B
Morrisville-based JupiterOne is a cyber asset management, security, and governance platform. Founded by Erkang Zheng in 2018, JupiterOne has now raised a total of $49.0M in total equity funding and is backed by investors that include Bain Capital Ventures and Sapphire Ventures.
LoanSnap — $30.0M – Series B
San Francisco-based LoanSnap offers loan technology that uses AI to analyze a person’s finances so they can benefit from a loan now and into the future. Founded by Allan Carroll and Karl Jacob in 2017, LoanSnap has now raised a total of $52.7M in total equity funding and is backed by investors that include Avanta Ventures, Baseline Ventures, Liquid 2 Ventures, MANTIS Venture Capital, Reid Hoffman, Thomvest Ventures, True Ventures, Virgin Group, and Work Play Ventures.
Metafy — $5.5M – Seed
Pittsburgh-based Metafy is a platform that enables online players in the world to monetize their talent through 1:1 coaching and courses. Founded by Josh Fabian in 2020, Metafy has now raised a total of $8.7M in total equity funding and is backed by investors that include DCM Ventures, Forerunner Ventures, and Seven Seven Six.
Oculii — $55.0M – Series B
Beavercreek-based Oculii is a developer of high-resolution imaging radars for autonomous systems. Founded by Lang Hong and Steven Hong in 2015, Oculii has now raised a total of $76.1M in total equity funding and is backed by investors that include ACVC Partners, Catapult Ventures, Conductive Ventures, Hella Ventures, Mesh Ventures, PHI MANAGEMENT, R7 Partners, Schox Patent Group, SIG, Signature Bank, SV Tech Ventures, Taiwania Capital, and VectoIQ LLC.
Path Robotics — $56.0M – Series B
Columbus-based Path Robotics is a developer of fully autonomous and intelligent robotic welding cells. Founded by Alex Lonsberry, Andrew Lonsberry, Ken Lonsberry, and Matthew Klein in 2014, Path Robotics has now raised a total of $71.0M in total equity funding and is backed by investors that include Addition, Basis Set Ventures, Drive Capital, and Lemnos VC. AlleyWatch
Pawp — $13.0M – Series A
New York-based Pawp is a digital health clinic and telehealth platform for pet owners and their pets that connects them with veterinary professionals. Founded by Andrew Malek, Cody Simons, and Marc Atiyeh in 2019, Pawp has now raised a total of $29.3M in total equity funding and is backed by investors that include Eight Sleep, Good Friends, Lux Capital, Meyer Keith, Ro, and Zocdoc. AlleyWatch broke the news of this round in an exclusive interview with Atiyeh – Pawp Raises $13M for its Digital Health Clinic for Pets
ReCharge — $227.0M – Series B
Santa Monica-based ReCharge offers subscription management software for e-commerce businesses. Founded by Michael Flynn and Oisin O’Connor in 2014, ReCharge has now raised a total of $277.0M in total equity funding and is backed by investors that include Bain Capital Ventures, ICONIQ Growth, and Summit Partners.
Solid Power — $130.0M – Series B
Louisville-based Solid Power is a developer of solid-state rechargeable batteries for electric vehicles and mobile power markets. Founded by Doug Campbell and Sehee Lee in 2011, Solid Power has now raised a total of $181.5M in total equity funding and is backed by investors that include Bayerische Motoren Werke, Ford Motor Company, and Volta Energy Technologies.
Spinwheel — $11.0M – Series A
Oakland-based Spinwheel is a software platform that helps Americans get out of debt sooner by embedding solutions in their favorite apps. Founded by Rajiv Appana, Tomas Campos, and Tushar Vaish in 2019, Spinwheel has now raised a total of $11.0M in total equity funding and is backed by investors that include Core Innovation Capital, Fika Ventures, Firebolt Ventures, and QED Investors.
The Wild — $2.0M – Venture
Portland-based The Wild is a cloud-based, real-time collaboration platform for designers to create and share their spatial designs in VR and AR. Founded by Gabe Paez in 2017, The Wild has now raised a total of $3.1M in total equity funding and is backed by investors that include at.inc/, Elevate Capital, and Portland Seed Fund.
Timescale — $40.0M – Series B
New York-based TimescaleDB is an open-source time-series database optimized for fast ingest and complex queries. Founded by Ajay Kulkarni and Michael Freedman in 2015, Timescale has now raised a total of $71.1M in total equity funding and is backed by investors that include Benchmark, Icon Ventures, New Enterprise Associates, Redpoint, and Two Sigma Ventures.
Vanta — $50.0M – Series A
San Francisco-based Vanta is an automated security monitoring platform that helps companies get SOC 2, HIPAA, or ISO 27001 certified quickly. Founded by Christina Cacioppo and Erik Goldman in 2017, Vanta has now raised a total of $50.0M in total equity funding and is backed by investors that include Sequoia Capital and Y Combinator.
VAST Data — $83.0M – Series D
New York-based VAST Data is a software company bringing an end to complex storage tiering and unlocking the ability to use flash across the enterprise. Founded by Jeff Denworth, Renen Hallak, and Shachar Fienblit in 2016, VAST Data has now raised a total of $263.0M in total equity funding and is backed by investors that include 83North, Common Fund, Dell Technologies Capital, Goldman Sachs, Greenfield Partners, Mellanox Capital, Next47, Norwest Venture Partners, NVIDIA, The Syndicate Group, and Tiger Global Management. AlleyWatch broke the news of this round in an exclusive interview with Hallak – VAST Data Raises $83M, Tripling its Valuation in the Last Year
Vida Health — $110.0M – Series D
San Francisco-based Vida Health is a virtual care platform that provides health coaching from experienced health care providers and medical institutions. Founded by Connie Chen, Jono Chang, and Stephanie Tilenius in 2014, Vida Health has now raised a total of $188.0M in total equity funding and is backed by investors that include Ally Bridge Group, AME Cloud Ventures, Ardea Partners, Aspect Ventures, AXA Venture Partners, Canvas Ventures, Centene, General Atlantic, GuideWell, NGP Capital, and Workday Ventures.
Vim — $60.0M – Series B
San Francisco-based Vim is a technology company building digital infrastructure for healthcare. Founded by Asaf David, Oron Afek, and Yael Peled in 2015, Vim has now raised a total of $94.6M in total equity funding and is backed by investors that include Anthem, Frist Cressey Ventures, GreatPoint Ventures, Optum Ventures, Premera Blue Cross, Sequoia Capital Israel, and Walgreens Boots Alliance.
Workboard — $75.0M – Series D
Redwood City-based Workboard provides an enterprise results management platform designed to automate business reviews. Founded by Daryoush Paknad and Deidre Paknad in 2013, Workboard has now raised a total of $140.1M in total equity funding and is backed by investors that include Andreessen Horowitz, Capital One Ventures, GGV Capital, Intel Capital, M12, SoftBank Vision Fund, SVB Capital, and Workday Ventures.
