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 7/24/21 featuring funding details for Miles, Dwolla, Dover, and twenty-seven other rounds that you need to know about.
Accion Systems — $42.0M – Series C
Boston-based Accion Systems provides in-space propulsion systems for satellites based on proprietary technology developed at MIT. Founded by Louis Perna and Natalya Bailey in 2014, Accion Systems has now raised a total of $65.5M in total equity funding and is backed by Tracker Capital Management.
DNSFilter — $30.0M – Series A
Washington-based DNSFilter provides security via DNS that protects over 4M end users from online security threats using artificial intelligence. Founded by Brian Gillis, Ken Carnesi, and Mike Schroll in 2015, DNSFilter has now raised a total of $36.4M in total equity funding and is backed by Insight Partners.
Dover — $20.0M – Series A
San Francisco-based Dover is a recruiting tool that finds and engages candidates for your team. Founded by Anvisha Pai, George Carollo, and Max Kolysh in 2019, Dover has now raised a total of $22.8M in total equity funding and is backed by Abstract Ventures, Founders Fund, Tiger Global Management, and Y Combinator.
Woebot Health — $90.0M – Series B
San Francisco-based Woebot Health offers digital therapeutics to make mental health radically accessible. Founded by Alison Darcy in 2017, Woebot Health has now raised a total of $113.8M in total equity funding and is backed by AI Fund, Alumni Ventures Group, BlackRock Private Equity Partners, Gaingels, Jazz Venture Partners, Kicker Ventures, Mirae Asset Capital, New Enterprise Associates, Owl Ventures, Temasek Holdings, and What If Ventures.
Dwolla — $21.0M – Venture
Des Moines-based Dwolla, Inc. is a FinTech company that is changing the way innovative businesses move money with their modern payments platform. Founded by Ben Milne and Shane Neuerburg in 2008, Dwolla has now raised a total of $72.3M in total equity funding and is backed by Detroit Venture Partners, Firebrand Ventures, Foundry Group, Jeremy Andrus, Next Level Ventures, Park West Asset Management, and Union Square Ventures.
Fetch Package — $50.0M – Series C
Austin-based Fetch Package is a last-mile delivery platform that provides direct-to-door package delivery services to residents of apartment communities. Founded by Michael Patton in 2016, Fetch Package has now raised a total of $82.0M in total equity funding and is backed by Alpaca VC, GreenPoint Partners, Iron Gate Capital, Ocelot Capital, Pando Ventures, Rose Park Advisors, Seamless, Signal Peak Ventures, and Venn Ventures.
FloQast — $110.0M – Series D
Sherman Oaks-based FloQast is a provider of an accounting workflow automation platform. Founded by Cullen Zandstra and Mike Whitmire in 2013, FloQast has now raised a total of $229.9M in total equity funding and is backed by Coupa Ventures, Insight Partners, Meritech Capital Partners, Norwest Venture Partners, Polaris Partners, Redpoint, and Sapphire Ventures.
FTX Exchange — $900.0M – Series B
San Francisco-based FTX Exchange is a cryptocurrency derivatives exchange company built by traders, for traders. Founded by Gary Wang and Sam Bankman-Fried in 2018, FTX Exchange has now raised a total of $916.0M in total equity funding and is backed by 40 North Ventures, Alan Howard, Altimeter Capital, Bond, Coinbase Ventures, Hudson River Trading, Insight Partners, Lightspeed Venture Partners, Multicoin Capital, New Enterprise Associates, Paradigm, Ribbit Capital, Senator Investment Group, Sequoia Capital, Sino Global Capital, SoftBank, Third Point Ventures, Thoma Bravo, VanEck, and Willoughby Capital.
Ethos — $100.0M – Series D
San Francisco-based Ethos Life is a modern insurance company that provides ethical life insurance. Founded by Lingke Wang and Peter Colis in 2016, Ethos has now raised a total of $406.5M in total equity funding and is backed by SoftBank Vision Fund.
Miles — $12.5M – Series A
Redwood City-based Miles is a startup that offers rewards for traveling, regardless of the mode of transportation. Founded by Jigar Shah, Paresh Jain, and Parin Shah in 2016, Miles has now raised a total of $19.9M in total equity funding and is backed by Aioi Nissay Dowa Insurance, Ashish Toshniwal, Chenxi Wang, Gabe Klein, Harris Barton, Japan Airlines (JAL), JetBlue Technology Ventures, Liil Ventures, Panasonic, Porsche Ventures, SAIC, Scrum Ventures, Sony Innovation Fund, Synapse Partners, TechNexus Venture Collaborative, Translink Capital, and Urban Us.
Interos — $100.0M – Series C
Arlington-based Interos helps companies manage risk and continuously monitor their supply chain and business relationships to avoid disruptions. Founded by Jennifer Bisceglie in 2005, Interos has now raised a total of $128.4M in total equity funding and is backed by Kleiner Perkins, NightDragon Security, and Venrock.
Safe Security — $33.0M – Series B
Palo Alto-based Safe Security is a cyber risk management startup that helps organizations mitigate cyber risk in real-time. Founded by Rahul Tyagi, Saket Modi, Vidit Baxi, and Vinu Thomas in 2012, Safe Security has now raised a total of $47.2M in total equity funding and is backed by BT Group and John Chambers.
Julia Computing — $24.0M – Series A
Cambridge-based Julia is an open source, modern, easy, and high performance programming language. Founded by Alan Edelman, Deepak Vinchhi, Jeff Bezanson, Keno Fischer, Stefan Karpinski, and Viral Shah in 2015, Julia Computing has now raised a total of $28.6M in total equity funding and is backed by Bob Muglia, Dorilton Capital, General Catalyst, HighSage Ventures, and Menlo Ventures.
LeagueApps — $15.0M – Series B
New York-based LeagueApps is the operating system and professional community for the most enterprising youth and local sports organizers. Founded by Brian Litvack and Steve Parker in 2010, LeagueApps has now raised a total of $35.0M in total equity funding and is backed by Contour Venture Partners, Derrick Dockery, Elysian Park Ventures, Hamilton Lane, Julie Foudy, Laura Dixon, Major League Baseball, Peter J. Holt, and Swin Cash.
Lev — $30.0M – Series A
New York-based Lev is a commercial mortgage marketplace. Founded by Sammy Greenwall and Yaakov James Zar in 2019, Lev has now raised a total of $44.8M in total equity funding and is backed by ANIMO Ventures, First American, Greenspring Associates, JLL Spark, Ludlow Ventures, and NFX. AlleyWatch broke the news of this round in an exclusive interview with Zar – Lev Raises $30M for its Commercial Real Estate Financing Platform
Bbot — $15.0M – Series A
Astoria-based Bbot is a restaurant and hospitality tech startup dedicated to simplifying and improving the ordering and payment process. Founded by Greg Jaworski, Luke Allen, and Steven Simoni in 2017, Bbot has now raised a total of $22.0M in total equity funding and is backed by CRV.
MURAL — $50.0M – Series C
San Francisco-based MURAL provides a visual collaboration platform that enables teams to work remotely and efficiently. Founded by Agustin Soler, Mariano Suarez-Battan, and Patricio Jutard in 2011, MURAL has now raised a total of $192.3M in total equity funding and is backed by Insight Partners and Tiger Global Management.
OpenSesame — $50.0M – Series D
Portland-based OpenSesame is an e-learning company that provides online training courses for businesses and employees. Founded by Aaron Bridges, Don Spear, Joshua Blank, and Tom Turnbull in 2011, OpenSesame has now raised a total of $97.0M in total equity funding and is backed by Altos Ventures, FTV Capital, and JMI Equity.
Path Robotics — $100.0M – Series C
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 $171.0M in total equity funding and is backed by Addition, Silicon Valley Bank, and Tiger Global Management.
Paystand — $50.0M – Series C
Scotts Valley-based Paystand is a leading cloud-based billing & payment platform for B2B companies. Founded by Jeremy Almond and Scott Campbell in 2013, Paystand has now raised a total of $78.0M in total equity funding and is backed by Industrious Ventures, King River Capital, NewView Capital, SB Opportunity Fund, and Transform VC.
Phononic — $50.0M – Venture
Durham-based Phononic develops thermoelectric chips designed to offer an alternative to compressor technology and traditional methods of refrigeration. Founded by Anthony Atti, Matt Trevithick, and Tony Atti in 2008, Phononic has now raised a total of $214.9M in total equity funding and is backed by Goldman Sachs Asset Management.
OpenSea — $100.0M – Series B
New York-based OpenSea is a peer-to-peer marketplace for crypto collectibles and non-fungible tokens. Founded by Alex Atallah and Devin Finzer in 2017, OpenSea has now raised a total of $127.2M in total equity funding and is backed by Andreessen Horowitz, Ashton Kutcher, Coatue, Creative Artists Agency, Dylan Field, Kevin Durant, Kevin Hartz, and Tobi Lutke.
RentSpree — $8.0M – Series A
Los Angeles-based RentSpree makes tenant screening simple. Founded by Angela Stuart, Michael Lucarelli, and Paul Sirisuphang in 2016, RentSpree has now raised a total of $10.4M in total equity funding and is backed by 645 Ventures.
SmartRecruiters — $110.0M – Series E
San Francisco-based SmartRecruiters is an end-to-end recruiting platform that helps companies with talent acquisition. Founded by Jerome Ternynck in 2010, SmartRecruiters has now raised a total of $225.0M in total equity funding and is backed by Insight Partners, Mayfield Fund, and Silver Lake Waterman.
Sundae — $80.0M – Series C
San Francisco-based Sundae provides a residential real estate marketplace designed to help sellers get a fair price for their houses. Founded by Andrew Swain and Josh Stech in 2018, Sundae has now raised a total of $135.7M in total equity funding and is backed by Aaron Gordon, Alex Caruso, Andrew Wiggins, Crossover VC, DJ Kygo, DK Metcalf, Fifth Wall, First American, Founders Fund, Gaingels, General Global Capital, Hassan Whiteside, Intersect Capital, Isaiah Thomas, Kelly Olynyk, Klay Thompson, Matt Chapman, Oberndorf Enterprises, Palm Tree Crew, Prudence Holdings, QED Investors, Richard Seymour, Solomon Hill, Susa Ventures, Wellington Management, Weston McKennie, and Will Smith.
Tailor Brands — $50.0M – Series C
Brooklyn-based Tailor Brands is a branding platform that enables users to freely design and create their product logos. Founded by Nadav Shatz, Tom Lahat, and Yali Saar in 2014, Tailor Brands has now raised a total of $70.6M in total equity funding and is backed by Armat Group, Disruptive Technologies Venture Capital, GoDaddy, Mangrove Capital Partners, OurCrowd, Pitango Venture Capital, and Richard Rosenblatt.
Titan — $58.0M – Series B
New York-based Titan is an operating system for active investment management, powering investment products, and experiences for retail investors. Founded by Clayton Gardner, Joe Percoco, and Max Bernardy in 2018, Titan has now raised a total of $73.0M in total equity funding and is backed by Andreessen Horowitz, BoxGroup, General Catalyst, Jared Leto, Kevin Durant, Odell Beckham Jr., Sound Ventures, and Will Smith. AlleyWatch broke the news of this round in an exclusive full feature story – Titan Raises Another $58M to Bring Sophisticated Investment Management to the Digitally-Savvy Masses
Jones — $12.5M – Series A
New York-based Jones offers independent contractors a Pay-As-You-Go solution to end the hassle of liability insurance. Founded by Michael Rudman and Omri Stern in 2017, Jones has now raised a total of $20.5M in total equity funding and is backed by Camber Creek, DivcoWest, JLL Spark, Khosla Ventures, Rudin Management Company, and Sage. AlleyWatch broke the news of this round in an exclusive full-feature story – Jones Raises $12.5M to Simplify Risk and Compliance for Commercial Real Estate
Vestwell — $70.0M – Series C
New York-based Vestwell provides underlying infrastructure to power workplace retirement plans. Founded by Aaron Schumm in 2016, Vestwell has now raised a total of $112.5M in total equity funding and is backed by Allianz Life Ventures, Commerce Ventures, F-Prime Capital, Fin Venture Capital, FinTech Collective, Goldman Sachs, Greenspring Associates, Industry Ventures, Manulife Financial, Morgan Stanley, Nationwide Ventures, Northwestern Mutual, Point72, Primary Venture Partners, Teamworthy Ventures, and Wells Fargo Strategic Capital.
Zenput — $27.0M – Series C
San Francisco-based Zenput develops an operations execution software for restaurants, c-stores, and grocers. Founded by John Clarke Mills and Vladik Rikhter in 2011, Zenput has now raised a total of $46.5M in total equity funding and is backed by Goldcrest Capital, Golub Capital, Jackson Square Ventures, and MHS Capital.
