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 5/29/21 featuring funding details for CLub Feast, FarEye, Axle, LifeQ, and twenty-eight other rounds that you must know about.
Airbyte — $26.0M – Series A
San Francisco-based Airbyte is an open-source data integration platform that syncs data from applications, APIs, and databases to data warehouses. Founded by John Lafleur and Michel Tricot in 2020, Airbyte has now raised a total of $31.2M in total equity funding and is backed by investors that include 8VC, Accel, Auren Hoffman, Benchmark, Dev Ittycheria, Shay Banon, SV Angel, and Y Combinator.
Aurora Solar — $250.0M – Series C
San Francisco-based Aurora Solar is a SaaS company that uses aerial imagery to assess solar installation projects. Founded by Christopher Hopper and Samuel Adeyemo in 2013, Aurora Solar has now raised a total of $323.5M in total equity funding and is backed by investors that include Coatue, Energize Ventures, Fifth Wall, and ICONIQ Capital.
Axle — $10.0M – Series A
New York-based Axle helps freight brokers grow faster by automating their back-office and providing fast & affordable working capital. Founded by Bharath Krishnamoorthy and Shawn Vo in 2019, Axle has now raised a total of $14.1M in total equity funding and is backed by investors that include Anthemis Group, Crosslink Capital, Daniel Warner, Darshan Somashekar, FJ Labs, Flexport, Jett McCandless, Mandeep Arora, Michael Mook, Plug and Play Tech Center, Ron Suber, Techstars, and Tribeca Early Stage Partners.
Bowery Farming — $300.0M – Series C
New York-based Bowery Farming uses vision systems, automation technology, and machine learning to monitor plants and their growth. Founded by Brian Falther, David Golden, and Irving Fain in 2014, Bowery Farming has now raised a total of $467.5M in total equity funding and is backed by investors that include Amplo, Chris Paul, Fidelity Management and Research Company, Gaingels, General Catalyst, GGV Capital, Groupe Artemis, GV, Jose Andres, Justin Timberlake, Lewis Hamilton, Natalie Portman, and Temasek Holdings.
Chia Network — $61.0M – Series D
San Francisco-based Chia Network is building a blockchain platform based on Proofs of Space and Time. Founded by Bram Cohen, Gene Hoffman, and Ryan Singer in 2017, Chia Network has now raised a total of $69.7M in total equity funding and is backed by investors that include Andreessen Horowitz, Breyer Capital, Collab+Currency, Cygni Capital, DHVC, Naval Ravikant, Richmond Global Ventures, Slow Ventures, and True Ventures.
Clearing — $20.0M – Seed
New York-based Clearing is a healthcare platform focused on providing opioid-free pain relief. Founded by Avi Dorfman and Jacob Hascalovici in 2020, Clearing has now raised a total of $20.0M in total equity funding and is backed by investors that include Bessemer Venture Partners, Breyer Capital, Curology, Flatiron Health, Forward Health Group, Founders Fund, Grubhub, Hims & Hers, Seamless, and Threshold.
Club Feast — $10.3M – Seed
San Francisco-based Club Feast is a subscription-based restaurant delivery application that provides pre-scheduled food delivery. Founded by Atallah Atallah, Christopher Miao, and Ghazi Atallah in 2020, Club Feast has now raised a total of $13.8M in total equity funding and is backed by investors that include General Catalyst, Grishin Robotics, and Modern Venture Partners.
Collectable — $5.5M – Series A
New York-based Collectable is the #1 Fractional Investment Platform for Sports Collectibles. Founded by David Yoken, Ezra Levine, Jason Epstein, and Ross Schimel in 2020, Collectable has now raised a total of $7.6M in total equity funding and is backed by investors that include Amplo, Anthony Pompliano, Bain Capital Ventures, Colin Anderson, Evolution VC Partners, Fifth Down Capital, Jeff Perlman, Joseph Pompliano, and Rose Park Advisors.
Corvus Insurance — $15.0M – Series C
Boston-based Corvus Insurance provides AI-driven commercial insurance that allows brokers and policyholders to predict and prevent risk. Founded by James McElhiney, Mike Lloyd, and Philip Edmundson in 2017, Corvus Insurance has now raised a total of $160.8M in total equity funding and is backed by investors that include Aquiline Technology Growth and FinTLV Ventures.
Docbot — $4.0M – Series A
Irvine-based Docbot is an AI technology company that offers AI-assisted image analysis solutions to revolutionize gastrointestinal care. Founded by Andrew Ninh, Jason Samarasena, Tyler Dao, and William Karnes in 2014, Docbot has now raised a total of $4.0M in total equity funding and is backed by investors that include Bold Capital Partners, Boutique Venture Partners, Collaborative Fund, and Khosla Ventures.
Mile Auto — $10.3M – Seed
Atlanta-based Mile Auto provides a pay-per-mile car insurance service that saves lower mileage drivers money. Founded by Fred Blumer, Jim Cook, Joe Fuller, and Scott Nelson in 2017, Mile Auto has now raised a total of $12.8M in total equity funding and is backed by investors that include Emergent Ventures, Sure Ventures, Thornton Capital, and Ulu Ventures.
FarEye — $100.0M – Series E
Chicago-based FarEye is a low-code, Intelligent Delivery Management Platform designed for a better delivery experience for everyone. Founded by Gaurav Srivastava, Gautam Kumar, and Kushal Nahata in 2013, FarEye has now raised a total of $150.7M in total equity funding and is backed by investors that include Dragoneer Investment Group, Eight Roads Ventures India, Fundamentum, Honeywell Venture Capital, and TCV.
Fireflies.ai — $14.0M – Series A
San Francisco-based Fireflies.ai offers an AI Meeting assistant that records, transcribes, and makes searchable meeting notes. Founded by Krish Ramineni and Sam Udotong in 2016, Fireflies.ai has now raised a total of $19.0M in total equity funding and is backed by investors that include Canaan Partners and Khosla Ventures.
Future Family — $9.0M – Series A
San Francisco-based Future Family provides women and couples with personal and affordable fertility care. Founded by Claire Tomkins and Eve Blossom in 2016, Future Family has now raised a total of $23.2M in total equity funding and is backed by investors that include Mindset Ventures.
Rewatch — $20.0M – Series A
San Francisco-based Rewatch offers a private and secure video channel for teams. Founded by Connor Sears and Scott Goldman in 2020, Rewatch has now raised a total of $22.0M in total equity funding and is backed by investors that include Andreessen Horowitz, Christina Kosmowski, Jack Altman, Kent Goldman, Larry Gadea, Lenny Rachitsky, Max Mullen, Qasar Younis, Rudy Cline-Thomas, Semil Shah, and Zack Kanter.
Canvas — $20.0M – Series B
San Francisco-based Canvas is the #1 diversity recruiting platform that helps companies hire diverse teams Founded by Adam Gefkovicz and Ben Herman in 2017, Canvas has now raised a total of $32.7M in total equity funding and is backed by investors that include Lachy Groom and Sequoia Capital.
LifeQ — $47.0M – Series A
Alpharetta-based LifeQ has a mission to create a world where people from all walks of life enjoy optimal health and wellbeing. Founded by Franco du Preez, Kora Holm, Laurence Olivier, and Riaan Conradie in 2014, LifeQ has now raised a total of $47.0M in total equity funding and is backed by investors that include 4Di Capital, Acequia Capital (AceCap), Allectus Capital, Allen & Company, Analog Devices, Bremer Investments, Convergence Partners, Delos Capital, Errol Damelin, Halls Investments, Hannover Re, Lireas Holdings, Mogul Capital, Nedbank Corporate and Investment Banking, OneBio Venture Studio, Rachel Diamond, Stellar Capital Partners, Tenhong Holdings, and Virgin Group.
Material Security — $40.0M – Series B
Redwood City-based Material Security is an email security company that develops data-driven security software to protect an organization’s users and data. Founded by Abhishek Agrawal, Chris Park, and Ryan Noon in 2017, Material Security has now raised a total of $62.0M in total equity funding and is backed by investors that include Andreessen Horowitz and Elad Gil.
Merlin Labs — $25.0M – Series B
Boston-based Merlin Labs develops hardware and software solutions that deliver the capability for aircraft to fly useful missions autonomously. Founded by Matt George in 2018, Merlin Labs has now raised a total of $46.0M in total equity funding and is backed by investors that include Ben Ling, BoxGroup, First Round Capital, Floodgate, GV, Harpoon, Howard Morgan, Shrug Capital, and Western Technology Investment.
Perch — $775.0M – Series A
Boston-based Perch is a technology-driven company that acquires direct-to-consumer businesses that are selling on Amazon and growing their operations. Founded by Chris Bell in 2019, Perch has now raised a total of $908.8M in total equity funding and is backed by investors that include SoftBank Vision Fund, Spark Capital, and Victory Park Capital.
Poparazzi — $20.0M – Series A
Marina Del Rey-based Poparazzi is a photo sharing app where users can create social profiles of their friends. Founded by Alex Ma, Austen Ma, and Zay Turner in 2020, Poparazzi has now raised a total of $20.0M in total equity funding and is backed by investors that include Benchmark.
Qualio — $50.0M – Series B
San Francisco-based Qualio is a quality management system helping life sciences companies bring quality products to the market. Founded by Robert Fenton in 2012, Qualio has now raised a total of $66.2M in total equity funding and is backed by investors that include Frontline Ventures, Menlo Ventures, MHS Capital, Operator Partners, Sorenson Capital, Storm Ventures, and Tiger Global Management.
RevenueCat — $40.0M – Series B
San Francisco-based RevenueCat is a mobile subscription toolkit that makes it easy to build and manage in-app purchases and subscriptions. Founded by Jacob Eiting and Miguel Carranza in 2017, RevenueCat has now raised a total of $56.5M in total equity funding and is backed by investors that include Adjacent, FundersClub, Index Ventures, Nicolas Dessaigne, Oakhouse Partners, SaaStr, Tobias Balling, and Y Combinator Continuity Fund.
Salt Security — $70.0M – Series C
Palo Alto-based Salt Security provides an API protection platform designed to prevent attacks by leveraging machine learning and AI. Founded by Michael Nicosia and Roey Eliyahu in 2016, Salt Security has now raised a total of $131.0M in total equity funding and is backed by investors that include Advent Technologies, Alkeon Capital, DFJ Growth, S Capital VC, Sequoia Capital, Tenaya Capital, and Y Combinator.
Sentieo — $20.0M – Series B
San Francisco-based Sentieo is a research platform that provides insights within the finance and corporate world. Founded by Alap Shah and Naman Shah in 2012, Sentieo has now raised a total of $55.5M in total equity funding and is backed by investors that include Centana Growth Partners, Studio Management, and Ten Coves Capital.
SevenFifty — $23.0M – Series B
New York-based SevenFifty helps importers, producers, distributors, and retail buyers connect with each other and do business in a modern world. Founded by Aaron Sherman, Gianfranco Verga, and Neal Parikh in 2011, SevenFifty has now raised a total of $31.5M in total equity funding and is backed by investors that include Level Equity Management.
Snapdocs — $150.0M – Series D
San Francisco-based Snapdocs is a mortgage technology company that helps real estate participants closing work together through integration and automation. Founded by Aaron King in 2012, Snapdocs has now raised a total of $253.0M in total equity funding and is backed by investors that include Alkeon Capital, F-Prime Capital, Maverick Ventures, Sequoia Capital, Tiger Global Management, Wellington Management, and Y Combinator.
Solidus Labs — $20.0M – Series A
New York-based Solidus Labs features a transaction monitoring SaaS to detect, address and report suspicious activity in the digital asset space. Founded by Asaf Meir and Praveen Kumar in 2017, Solidus Labs has now raised a total of $23.5M in total equity funding and is backed by investors that include 645 Ventures, Aleksandr Yampolskiy, Alex Acree, Avon Ventures, Daniel Gorfine, David Krell, Evolution Equity Partners, FTX Exchange, Hanaco Venture Capital, J. Christopher Giancarlo, Jeff Fagnan, Marc Epstein, Naval Ravikant, Sam Kassoumeh, and Troy Paredes.
SpotOn — $125.0M – Series D
San Francisco-based SpotOn develops innovative software and payment solutions that help businesses increase revenue. Founded by Doron Friedman, Matt Hyman, and Zach Hyman in 2017, SpotOn has now raised a total of $315.0M in total equity funding and is backed by investors that include 01 Advisors, Andreessen Horowitz, Dragoneer Investment Group, DST Global, Franklin Templeton Investments, and Mubadala Investment Company.
TerraClear — $25.0M – Series A
Bellevue-based TerraClear is an agricultural technology company focused on improving farmers’ productivity through end to end automation. Founded by Brent Frei, Koos du Preez, and Vivek Nayak in 2017, TerraClear has now raised a total of $38.1M in total equity funding and is backed by investors that include Madrona Venture Group.
Uptycs — $50.0M – Series C
Waltham-based Uptycs is the provider of a cloud-native security analytics platform for security analysts, incident response teams, and IT professionals. Founded by Ganesh Pai, Mike Hluchyj, Milan Shah, and Uma Reddy in 2016, Uptycs has now raised a total of $93.0M in total equity funding and is backed by investors that include Norwest Venture Partners, Sapphire Ventures, and ServiceNow Ventures.
Yalo — $50.0M – Series C
San Francisco-based Yalo develops an AI-based customer relationship management platform used to help businesses offer a delightful customer experience. Founded by Javier Mata and Renato Barrios in 2015, Yalo has now raised a total of $73.0M in total equity funding and is backed by investors that include B Capital Group.
