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 11/20/21 featuring funding details for Grammarly, Netlify, Place, and twenty other rounds that you need to know about.
Daily Harvest — $77.0M – Series D
New York-based Daily Harvest is a customer-first platform that provides subscription-based food delivery services to offer healthy frozen foods. Founded by Rachel Drori in 2015, Daily Harvest has now raised a total of $120.0M in total equity funding and is backed by Lightspeed Venture Partners and Lone Pine Capital.
Doorvest — $14.0M – Series A
San Francisco-based Doorvest is a modern, frictionless way to own income generating homes entirely online. Founded by Andrew Luong and Justin Kasad in 2019, Doorvest has now raised a total of $17.5M in total equity funding and is backed by M13.
Faire — $400.0M – Series G
San Francisco-based Faire is a company that helps retailers find and buy wholesale merchandise for their stores. Founded by Daniele Perito, Jeffrey Kolovson, Marcelo Cortes, and Max Rhodes in 2017, Faire has now raised a total of $1.1B in total equity funding and is backed by Baillie Gifford, D1 Capital Partners, Dragoneer Investment Group, DST Global, Durable Capital Partners, Forerunner Ventures, Founders Fund, Golden Ventures, Khosla Ventures, Lightspeed Venture Partners, Norwest Venture Partners, Sequoia Capital, SV Angel, Velocity, Wellington Management, Y Combinator, and Y Combinator Continuity Fund.
Writer — $21.0M – Series A
San Francisco-based Writer is an AI writing assistant that helps content teams keep their writing in line. Founded by May Habib and Waseem AlShikh in 2020, Writer has now raised a total of $26.0M in total equity funding and is backed by Alex MacCaw, Allison Pickens, Ankur Nagpal, Austin Rief, Camille Ricketts, Gradient Ventures, Insight Partners, Jack Altman, James Beshara, Julia Lipton, Lenny Rachitsky, Oliver Jay, Packy McCormick, Scott Belsky, The Todd & Rahul Angel Fund, and Vivek Sodera.
Grammarly — $200.0M – Venture
San Francisco-based Grammarly is an AI-powered writing assistant that helps users to communicate more clearly and effectively. Founded by Alex Shevchenko, Dmytro Lider, and Max Lytvyn in 2009, Grammarly has now raised a total of $400.0M in total equity funding and is backed by Baillie Gifford and BlackRock.
GrubMarket — $200.0M – Series E
San Francisco-based GrubMarket supplies local fresh food online with affordable prices and convenient delivery. Founded by Mike Xu in 2014, GrubMarket has now raised a total of $382.1M in total equity funding and is backed by Apeira Capital, BlackRock, Celtic House Asia Partners, Flucas Ventures, Fores Ventures, Gaingels, INP Capital, Japan Post Capital, Joseph Stone Capital, Liberty Street Funds, Moringa Capital Management, Pegasus Tech Ventures, Reimagined Ventures, Tech Pioneers Fund, Tiger Global Management, Walleye Capital, and We Capital.
Hightouch — $40.0M – Series B
San Francisco-based Hightouch is a data platform that helps sync customer’s data from the data warehouse to their CRM, marketing, and support tools. Founded by Josh Curl, Kashish Gupta, and Tejas Manohar in 2018, Hightouch has now raised a total of $54.2M in total equity funding and is backed by Afore Capital, Alex Pall, Amplify Partners, Bain Capital Ventures, Barr Moses, Gene Lee, ICONIQ Growth, Maxime Beauchemin, and Y Combinator.
Kandji — $100.0M – Series C
San Diego-based Kandji is a management platform for apple devices such as macOS, iOS, iPadOS, and tvOS. Founded by Adam Pettit, Mark Daughters, and Wesley Pettit in 2018, Kandji has now raised a total of $188.4M in total equity funding and is backed by B Capital Group, Definition Capital, Felicis Ventures, First Round Capital, Frontline Ventures, Greycroft, Okta Ventures, SVB Capital, The Spruce House Partnership, and Tiger Global Management.
Lacework — $1.3B – Series D
San Jose-based Lacework is a cloud security services provider that automates cloud security at scale so customers can innovate with speed and safety. Founded by Mike Speiser, Sanjay Kalra, and Vikram Kapoor in 2015, Lacework has now raised a total of $1.9B in total equity funding and is backed by Altimeter Capital, Coatue, Counterpoint Global, D1 Capital Partners, Dragoneer Investment Group, Durable Capital Partners, Franklin Templeton Investments, General Catalyst, Liberty Global Ventures, Snowflake Ventures, Sutter Hill Ventures, Tiger Global Management, and XN.
mabl — $40.0M – Series C
Boston-based Mabl is an intelligent test automation provider that maintains tests and identifies regressions for quality engineering. Founded by Dan Belcher and Izzy Azeri in 2017, mabl has now raised a total of $76.1M in total equity funding and is backed by Amplify Partners, CRV, GV, Presidio Ventures, and Vista Equity Partners.
Mixpanel — $200.0M – Series C
San Francisco-based Mixpanel is an analytics platform that helps companies measure data and build better products through data. Founded by Suhail Doshi and Tim Trefren in 2009, Mixpanel has now raised a total of $277.0M in total equity funding and is backed by Bain Capital Tech Opportunities.
Monarch Tractor — $61.0M – Series B
Livermore-based Monarch Tractor offers a platform that combines mechanization, automation, and data analysis to enhance farmerâs existing operations. Founded by Carlo Mondavi, Mark Schwager, Praveen Penmetsa, and Zachary Omohundro in 2017, Monarch Tractor has now raised a total of $81.0M in total equity funding and is backed by Astanor Ventures, At One Ventures, CNH Industrial, and Trimble Ventures.
Netlify — $105.0M – Series D
San Francisco-based Netlify is a web development tool that automates code to build and deploy sites and web applications. Founded by Christian Bach and Mathias Biilmann Christensen in 2014, Netlify has now raised a total of $202.1M in total equity funding and is backed by Andreessen Horowitz, Bessemer Venture Partners, Bond, EQT Ventures, Kleiner Perkins, Mango Capital, and Menlo Ventures.
Netography — $45.0M – Series A
San Francisco-based Netography provides organizations with network detection and response capabilities for the atomized network. Founded by Barrett Lyon and Dan Murphy in 2018, Netography has now raised a total of $47.6M in total equity funding and is backed by Andreessen Horowitz, Bessemer Venture Partners, Harpoon, Mango Capital, SYN Ventures, and Wing Venture Capital.
PlanetScale — $50.0M – Series C
Mountain View-based PlanetScale builds a database-as-a-service offering on Vitess, an open source sharding middleware system for MySQL. Founded by Jitendra Vaidya and Sugu Sougoumarane in 2018, PlanetScale has now raised a total of $105.0M in total equity funding and is backed by Andreessen Horowitz, Insight Partners, Jack Altman, Kleiner Perkins, Max Mullen, SignalFire, and Tom Preston-Werner.
Place — $100.0M – Series A
Bellingham-based Place is a real estate technology platform providing technology and services to real estate agents. Founded by Ben Kinney and Chris Suarez in 2019, Place has now raised a total of $100.0M in total equity funding and is backed by 3L Capital and Goldman Sachs Asset Management.
Stellar Cyber — $38.0M – Series B
Santa Clara-based Stellar Cyber is the innovator of Open XDR = Everything Detection & Response Founded by Aimei Wei and Changming Liu in 2015, Stellar Cyber has now raised a total of $59.8M in total equity funding and is backed by Highland Capital Partners, Northern Light Venture Capital, Samsung NEXT, Susquehanna International Group (SIG), and Valley Capital Partners.
Stytch — $90.0M – Series B
San Francisco-based Stytch improves security and user experience with passwordless authentication. Founded by Julianna Lamb and Reed McGinley-Stempel in 2020, Stytch has now raised a total of $126.3M in total equity funding and is backed by Benchmark, Coatue, Index Ventures, and Thrive Capital.
SVT Robotics — $25.0M – Series A
Norfolk-based SVT Robotics is a warehouse automation software intended to become a bridge between businesses and automation. Founded by A.K. Schultz and Michael Howes in 2018, SVT Robotics has now raised a total of $30.6M in total equity funding and is backed by Prologis Ventures and Tiger Global Management.
ThoughtSpot — $100.0M – Series F
Sunnyvale-based ThoughtSpot is a business intelligence platform that helps anyone explore, analyze, and share real-time business analytics data easily. Founded by Abhishek Rai, Ajeet Singh, Amit Prakash, Priyendra Deshwal, Priyendra Deshwal, Sanjay Agrawal, Shashank Gupta, and Vijay Ganesan in 2012, ThoughtSpot has now raised a total of $663.7M in total equity funding and is backed by Capital One Ventures, Fidelity, General Catalyst, GIC, Khosla Ventures, Lightspeed Venture Partners, March Capital, Sapphire, and Snowflake Ventures.
Trusted Health — $94.0M – Series C
San Francisco-based Trusted Health is a labor marketplace for healthcare professionals. Founded by Lennie Sliwinski, Matt Pierce, and Sarah Gray in 2017, Trusted Health has now raised a total of $174.5M in total equity funding and is backed by Greenspring Associates.
Upgrade — $280.0M – Series F
San Francisco-based Upgrade is a fintech company that offers credit and mobile banking to mainstream consumers. Founded by Adelina Grozdanova, Jeff Bogan, Matt Wierman, Renaud Laplanche, Soul Htite, and Visar Nimani in 2016, Upgrade has now raised a total of $587.0M in total equity funding and is backed by Coatue, Dragoneer Investment Group, DST Global, G Squared, Gopher Asset Management, Koch Disruptive Technologies, Old Well Ventures, Ribbit Capital, Sands Capital, Ventura Capital, and Vy Capital.
