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 8/21/21 featuring funding details for Jnana, TrustLayer, and twelve other rounds that you need to know about.
Diamond Age — $8.0M – Seed
Fremont-based Diamond Age automates the construction of single-family homes and makes the American Dream affordable. Founded by Jack Oslan and Russell Varone in 2019, Diamond Age has now raised a total of $8.0M in total equity funding and is backed by Alpaca VC, Calm Ventures, Dolby Family Ventures, Gaingels, GFA Venture Partners, Prime Movers Lab, Suffolk Construction, and Towerview Ventures.
DigiSure — $13.1M – Seed
San Francisco-based DigiSure is the global leader in marketplace trust, safety and insurance for mobility. Founded by Mike Shim, Paul Smith, and Praveen Rao in 2018, DigiSure has now raised a total of $13.1M in total equity funding and is backed by Clocktower Technology Ventures, David Zug, Fabio Rosati, Meyer Keith, Michael Halbherr, Mike Shim, Morado Ventures, Tech Pioneers Fund, Valor Equity Partners, and Xplorer Capital.
Enable — $45.0M – Series B
San Francisco-based Enable is a startup developing a cloud-based software tool for business-to-business rebate management. Founded by Andrew Butt and Denys C. Shortt in 2015, Enable has now raised a total of $58.6M in total equity funding and is backed by Menlo Ventures, Norwest Venture Partners, and Sierra Ventures.
WeSpire — $13.0M – Series B
Boston-based WeSpire’s behavior change platform helps forward-thinking global companies engage their employees in purpose based initiatives. Founded by Jason Butler and Susan Stevens in 2010, WeSpire has now raised a total of $20.5M in total equity funding and is backed by Level Equity Management.
Preset — $35.9M – Series B
San Mateo-based Preset is a software-as-a-service company that offers a cloud-based open analytics data platform. Founded by Maxime Beauchemin in 2018, Preset has now raised a total of $48.4M in total equity funding and is backed by Andreessen Horowitz and Redpoint.
Mountaintop Studios — $30.0M – Series A
San Francisco-based Mountaintop Studios is a game studio creating multiplayer games. Founded by Nate Mitchell in 2020, Mountaintop Studios has now raised a total of $35.5M in total equity funding and is backed by Andreessen Horowitz, Detroit Venture Partners, Founders Fund, Spark Capital.
Jnana — $50.0M – Series B
Boston-based Jnana Therapeutics is a biotechnology company creating the first drug discovery platform to unlock the solute carrier. Founded by Amir Nashat, Joanne Kotz, Joel Barrish, and Stuart L. Schreiber in 2017, Jnana has now raised a total of $100.0M in total equity funding and is backed by AbbVie Biotech Ventures, Avalon Ventures, Pfizer Venture Investments, Polaris Partners, RA Capital Management, and Versant Ventures.
Kairos Aerospace — $26.0M – Series C
Mountain View-based Kairos Aerospace combines innovative aerospace systems with advanced data science to solve pressing global problems Founded by Brian Jones and Steve Deiker in 2014, Kairos Aerospace has now raised a total of $48.7M in total equity funding and is backed by DCVC, Energy Innovation Capital, John Crane, OGCI Climate Investments.
Moloco — $150.0M – Series C
Redwood City-based Moloco offers programmatic advertising solutions to help optimize the client’s acquisition, retention, and monetization campaigns. Founded by David Sehyuk Park and Ikkjin Ahn in 2013, Moloco has now raised a total of $185.0M in total equity funding and is backed by Tiger Global Management.
Pngme — $15.0M – Series A
San Francisco-based Pngme, they believe everyone deserves equal access to finance. Founded by Brendan Playford and Cate Rung in 2018, Pngme has now raised a total of $18.5M in total equity funding and is backed by Aruwa Capital, Dan Kahn, EchoVC Partners, Future Africa, Hayden Simmons, Kyle Ellicott, Lateral Capital, Octopus Ventures, Raptor Group, Richard Talbot, The 51 Ventures, Two Small Fish Ventures, and Unshackled Ventures.
Regrow Ag — $23.5M – Series A
Durham-based Regrow combines agronomy and scenario planning with monitoring, reporting, and verification. Founded by Anastasia Volkova and William Salas in 2016, Regrow Ag has now raised a total of $21.4M in total equity funding and is backed by AirTree Ventures, Ajax Strategies, Cargill, M12 – Microsoft’s Venture Fund, Main Sequence, Neglected Climate Opportunities, and Tenacious Ventures.
TrustLayer — $15.1M – Series A
San Francisco-based TrustLayer is an insurtech company automating insurance verification with machine learning and AI. Founded by John Fohr and Vincenzo Acinapura in 2018, TrustLayer has now raised a total of $21.7M in total equity funding and is backed by Abstract Ventures, BoxGroup, Craft Ventures, NFP Ventures, Nine Four Ventures, Propel Venture Partners, PruVen Capital, and Sure Ventures.
TurnoverBnB — $4.5M – Series A
Honolulu-based TurnoverBnB is a operator of an online platform intended to allow hosts to find local cleaners for their short-term rental cleaning. Founded by Assaf Karmon and Tim Roy in 2016, TurnoverBnB has now raised a total of $4.5M in total equity funding and is backed by Blue Startups and RET Ventures.
