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 5/1/21 featuring funding details for Automox, Honorlock, and twenty-seven other rounds that you must know about.
Alcatraz — $6.1M – Venture
Palo Alto-based Alcatraz modernizes the enterprise access control environment by enabling touchless and secure entry. Founded by Vince Gaydarzhiev in 2016, <a href="https://www.alleywatch.com/profile/alcatraz"Alcatraz has now raised a total of $18.1M in total equity funding and is backed by investors that include JCI Ventures, Johnson Controls, LDV Partners, Mucker Capital, Ray Stata, and The Hardware Club.
Automox — $110.0M – Series C
Boulder-based Automox provides a cloud-native endpoint management platform to consolidate IT operations into a single console. Founded by Jay Prassl and Mark Manes in 2015, Automox has now raised a total of $152.6M in total equity funding and is backed by investors that include Blackstone Group, Insight Partners, Koch Disruptive Technologies, and TechOperators.
Capsule — $300.0M – Series D
New York-based Capsule is a healthcare technology business rebuilding the pharmacy from the inside out Founded by Eric Kinariwala in 2016, Capsule has now raised a total of $570.0M in total equity funding and is backed by investors that include Baillie Gifford, Durable Capital Partners, T. Rowe Price, and Whale Rock Capital Management.
CareRev — $50.0M – Series A
Los Angeles-based CareRev is an online technology platform where hospitals and outpatient facilities can directly access per diem medical staff. Founded by Sofia Pessanha and Will Patterson in 2015, CareRev has now raised a total of $51.3M in total equity funding and is backed by investors that include Gaingels, Industry Ventures, Michael Seibel, Transformation Capital, and Zach Coelius.
CareStack — $22.5M – Series C
Kissimmee-based CareStack is a practice management platform for dental groups to manage all of their software and daily operations through one platform. Founded by Abilash Krishna and Mark Huzyak in 2015, Carestack has now raised a total of $74.1M in total equity funding and is backed by investors that include Accel, Delta Dental, Eight Roads Ventures, F-Prime Capital, and Steadview Capital.
Catch Co. — $38.0M – Series B
Chicago-based Catch Co. is a startup that sells fishing lures and other gears for anglers. Founded by Jason Dirks, Ross Gordon, and Ryan McDonnell in 2012, Catch Co has now raised a total of $49.5M in total equity funding and is backed by investors that include TechNexus Venture Collaborative and True Ventures.
Crusoe Energy Systems — $128.0M – Series B
Denver-based Crusoe Energy Systems provides solutions for the energy industry helping them to reduce routine flaring of natural gas. Founded by Chase Lochmiller and Cully Cavness in 2018, Crusoe Energy Systems has now raised a total of $162.5M in total equity funding and is backed by investors that include Bain Capital Ventures, Coinbase Ventures, DRW Venture Capital, Exor Seeds, Founders Fund, JB Straubel, KCK, Lowercarbon Capital, Polychain, Upper90, Valor Equity Partners, Winklevoss Capital, and Zigg Capital.
Current — $220.0M – Series D
New York-based Current is a financial technology company that offers mobile payments, online banking, and financial services. Founded by Stuart Sopp in 2015, Current has now raised a total of $402.4M in total equity funding and is backed by investors that include Andreessen Horowitz, Avenir Growth Capital, Elizabeth Street Ventures, Expa, Foundation Capital, Sapphire Ventures, Tiger Global Management, TQ Ventures, and Wellington Management.
Ergatta — $30.0M – Series A
Brooklyn-based Ergatta is an at-home connected fitness startup that offers a rowing machine and proprietary digital content. Founded by Alessandra Gotbaum and Tom Aulet in 2019, Ergatta has now raised a total of $35.0M in total equity funding and is backed by investors that include Advance Venture Partners, Fifth Wall, Gaingels, Greycroft, Hans Tung, and Mark Pincus. AlleyWatch broke the news of this funding round in an exclusive interview with Aulet – Ergatta Raises Another $30M for its At-Home Rowing Platform That Makes Fitness Competitive
Firstbase — $13.0M – Series A
New York-based Firstbase is a remote work platform that enables companies to track and manage physical equipment assets. Founded by Chris Herd and Trey Bastian in 2019, Firstbase has now raised a total of $15.1M in total equity funding and is backed by investors that include Alpaca VC, Andreessen Horowitz, Austin Rief Ventures, B Capital Group, Base Case Capital, Beth Turner, Eric Yuan, Johnny Boufarhat, Rob Biederman, and Ryan Simonetti.
Glytec — $12.0M – Venture
Greenville-based Glytec is an insulin management software company that helps healthcare providers improve both the quality and the cost of care. Founded by Bruce Bode and Robby Booth in 2006, Glytec has now raised a total of $31.0M in total equity funding and is backed by investors that include Savitr Capital.
Greenlight — $260.0M – Series D
Atlanta-based Greenlight is a fintech company that provides a debit card designed to help parents monitor their child’s spending habits. Founded by Johnson Cook and Timothy Sheehan in 2014, Greenlight has now raised a total of $556.5M in total equity funding and is backed by investors that include Andreessen Horowitz, BOND, Canapi Ventures, Fin Venture Capital, Goodwater Capital, LionTree, Owl Ventures, TTV Capital, Wellington Management, Wells Fargo Strategic Capital, and Inc..
Honorlock — $25.0M – Series B
Boca Raton-based Honorlock provides remote proctoring services for colleges and universities. Founded by Adam Roth and Elena Soboleva in 2014, Honorlock has now raised a total of $40.7M in total equity funding and is backed by investors that include Arsenal, Defy.vc, and Owl Ventures.
Kaia Health — $75.0M – Series C
Brooklyn-based Kaia Health is a digital therapeutics company that creates evidence-based treatments for a range of medical disorders. Founded by Konstantin Mehl and Manuel Thurner in 2016, Kaia Health has now raised a total of $123.0M in total equity funding and is backed by investors that include 3VC, A-Round Capital, Balderton Capital, Eurazeo, Heartcore Capital, Idinvest Partners, Optum Ventures, and Symphony Ventures. AlleyWatch broke the news of this round in an exclusive interview with Mehl – Kaia Health Raises $75M for its Digital Physical Therapy Platform that Helps People with Chronic Pain and COPD
Keeper Tax — $13.0M – Series A
San Francisco-based Keeper Tax is a software platform that automatically monitors purchases for tax deductible expenses. Founded by David Kang and Paul Koullick in 2019, Keeper Tax has now raised a total of $15.8M in total equity funding and is backed by investors that include e.ventures, Foundation Capital, Ilya Volodarsky, Jack Altman, Jeff Seibert, and Matrix Partners.
Logixboard — $13.0M – Series A
Seattle-based Logixboard is a customer engagement platform designed to help companies manage and control their freight operations. Founded by Juan Alvarez and Julian Alvarez in 2016, Logixboard has now raised a total of $18.8M in total equity funding and is backed by investors that include Bragiel Brothers, F-Prime Capital, Founders’ Co-op, Liquid 2 Ventures, Redpoint, Social Leverage, and Techstars Ventures.
Mighty Networks — $50.0M – Series B
Palo Alto-based Mighty Networks is an online platform for creators and brands to build communities. Founded by Gina Bianchini, Matteo Melani, Thomas Aaron, and Tim Herby in 2017, Mighty Networks has now raised a total of $66.0M in total equity funding and is backed by investors that include BBG Ventures, Dan Rosensweig, Great Oaks Venture Capital, Gretchen Rubin, Intel Capital, LionTree, Lucas Venture Group, Marie Forleo International, Owl Ventures, Reid Hoffman, and Ziff Capital Partners.
Modern Meadow — $130.0M – Series C
Nutley-based Modern Meadow provides biofabricated leather materials intended to offer animal-free leather made from living cells. Founded by Andras Forgacs, Francoise Marga, Gabor Forgacs, and Karoly Jakab in 2011, Moder Meadow has now raised a total of $183.5M in total equity funding and is backed by investors that include Astanor Ventures, Cape Capital AG, Horizons Ventures, and Key Partners Capital.
Mux — $105.0M – Series D
San Francisco-based Mux is a video platform designed to make video streaming and analytics possible for every development team. Founded by Adam Brown, Jon Dahl, Matt McClure, and Steve Heffernan in 2015, Mux has now raised a total of $173.9M in total equity funding and is backed by investors that include Accel, Andreessen Horowitz, Coatue, Cobalt Capital, and Dragoneer Investment Group.
Opsera — $15.0M – Series A
Palo Alto-based Opsera is the provider of the first Continuous Orchestration platform for DevOps practitioners. Founded by Chandra Ranganathan and Kumar Chivukula in 2020, Opsera has now raised a total of $19.3M in total equity funding and is backed by investors that include Clear Ventures, Felicis Ventures, Firebolt Ventures, HMG Ventures, and Trinity Ventures.
Paxos — $300.0M – Series D
New York-based Paxos is a regulated financial institution building infrastructure to enable movement between physical and digital assets. Founded by Charles Cascarilla and Richmond Teo in 2012, Paxos has now raised a total of $535.3M in total equity funding and is backed by investors that include Declaration Partners, Liberty City Ventures, Mithril Capital Management, Oak HC/FT, PayPal Ventures, Senator Investment Group, and WestCap.
Placer.ai — $50.0M – Series B
Los Altos-based Placer.ai offers a traffic analytics platform that allows anyone to generate insights into any property. Founded by Noam Ben-Zvi, Oded Fossfeld, Ofir Lemel, and Zohar Bar-Yehuda in 2016, <a href="https://www.alleywatch.com/profile/placer-ai"Placer AI has now raised a total of $66.0M in total equity funding and is backed by investors that include Aleph, Fifth Wall, JBV Capital, Josh Buckley, Rahul Vohra, Reciprocal Ventures, and Todd Goldberg.
Securrency — $30.0M – Series B
Washington-based Securrency delivers financial technology products for the tokenized issuance and trading of securities. Founded by Dan Doney, John Hensel, and Ron Poe in 2015, Securrency has now raised a total of $63.5M in total equity funding and is backed by investors that include Abu Dhabi Catalyst Partners, State Street, US Bank, and WisdomTree.
FlavorCloud — $6.3M – Series A
Seattle-based FlavorCloud provides a service that integrates directly into shopping carts of retailers, a one-click international checkout experience. Founded by Rathna Sharad and Sherwyn Soff in 2017, FlavorCloud has now raised a total of $18.7M in total equity funding and is backed by investors that include Mucker Capital, Revolution’s Rise of the Rest Seed Fund, and Willow Group.
Splitwise — $20.0M – Series A
Providence-based Splitwise is a mobile app and web platform that builds consumer FinTech software to help users split expenses. Founded by Jonathan Bittner, Marshall Weir, and Ryan Laughlin in 2011, Splitwise has now raised a total of $30.2M in total equity funding and is backed by investors that include Insight Partners.
Sysdig — $188.0M – Series F
San Francisco-based Sysdig is a cloud-native visibility and security company that provides cloud and container security for enterprises and their DevOps teams. Founded by Loris Degioanni in 2013, Sysdig has now raised a total of $379.5M in total equity funding and is backed by investors that include Accel, Bain Capital Ventures, DFJ Growth, Glynn Capital Management, Goldman Sachs, Insight Partners, Next47, PremjiInvest, and Third Point Ventures.
Take Command Health — $12.0M – Series A
Dallas-based Take Command Health is an innovative health insurance software provider for small businesses and independent professionals. Founded by Jack Hooper and Matthew McPhail in 2014, Take Command Health has now raised a total of $15.2M in total equity funding and is backed by investors that include LiveOak Venture Partners and SJF Ventures.
Vector — $12.5M – Series A
Bend-based Vector is a cardiac digital health solution provider that offers patient support & monitoring, EHR, and clinical services. Founded by Kevin Hoffman in 2017, Vector has now raised a total of $12.5M in total equity funding and is backed by investors that include Updata Partners.
Vectra — $130.0M – Series F
San Jose-based Vectra is a cybersecurity platform that uses AI to detect attackers in real time and perform conclusive incident investigations. Founded by Hitesh Sheth, James Harlacher, Marc Rogers, and Mark Abene in 2011, Vectra has now raised a total of $352.5M in total equity funding and is backed by investors that include Blackstone Group.
