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 3/26/22 featuring funding details for Island, Alife, Saphyre, and twenty-five other rounds representing $1.68B in new funding that you need to know about.
Hex Technologies — $52.0M – Series B
San Francisco-based Hex Technologies is a collaborative data software platform for data teams. Founded by Barry McCardel, Caitlin Colgrove, and Glen Takahashi in 2019, Hex Technologies has now raised a total of $73.5M in total equity funding and is backed by Amplify Partners, Andreessen Horowitz, Databricks Ventures, Redpoint, and Snowflake.
Aavenir — $6.0M – Series A
Plano-based Aavenir is a software-as-a-service-based source-to-pay solutions provider. Founded by Jesal Mehta in 2019, Aavenir has now raised a total of $8.0M in total equity funding and is backed by Accel and ScOp Venture Capital.
Alife — $22.0M – Series A
San Francisco-based Alife develops artificial intelligence tools to assist physicians in increasing a patient’s chances of pregnancy success. Founded by Paxton Maeder-York in 2020, Alife has now raised a total of $31.5M in total equity funding and is backed by Lux Capital, Maveron, and Union Square Ventures.
Antidote Health — $22.0M – Series A
New York-based Antidote Health offers an AI-based health platform that helps people receive proper medical treatment. Founded by Avihai Sodri, Ben Enosh, Carine-Belle Feder, and David Zlotnick in 2020, Antidote Health has now raised a total of $35.0M in total equity funding and is backed by Flint Capital, Group 11, and iAngels.
ChargeAfter — $44.0M – Series B
New York-based ChargeAfter is the global multi-lender network for point-of-sale financing. Founded by Meidad Sharon in 2017, ChargeAfter has now raised a total of $61.0M in total equity funding and is backed by Banco Bradesco, Citi Ventures, Mitsubishi UFJ Financial Group, and Phoenix.
CommerceIQ — $115.0M – Series D
Palo Alto-based CommerceIQ is an omnichannel management platform that helps large brands use machine learning and automation to increase e-commerce sales. Founded by Guru Hariharan in 2012, CommerceIQ has now raised a total of $195.5M in total equity funding and is backed by Insight Partners, Madrona Venture Group, Shasta Ventures, SoftBank Vision Fund, and Trinity Ventures.
Firstbase — $50.0M – Series B
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 $65.1M in total equity funding and is backed by Alpaca VC, Andreessen Horowitz, Forum Ventures, and Kleiner Perkins.
Flock Homes — $26.0M – Series A
Denver-based Flock Homes allows individuals to own rental homes through portfolio shares. Founded by Ari Rubin in 2020, Flock Homes has now raised a total of $26.0M in total equity funding and is backed by 1Sharpe Ventures, Andreessen Horowitz, BoxGroup, Human Capital, Primary Venture Partners, and Susa Ventures.
ForAllSecure — $21.0M – Series B
Pittsburgh-based ForAllSecure is a software company that provides autonomous application security solutions for continuous security. Founded by Alexandre Rebert, David Brumley, and Thanassis Avgerinos in 2012, ForAllSecure has now raised a total of $35.7M in total equity funding and is backed by Koch Disruptive Technologies and New Enterprise Associates.
Island — $115.0M – Series B
Dallas-based Island is a cyber startup that provides a secure web browser for the enterprise. Founded by Dan Amiga and Michael Fey in 2020, Island has now raised a total of $215.0M in total equity funding and is backed by Insight Partners, Sequoia Capital, and Stripes.
Jeeves — $180.0M – Series C
New York-based Jeeves is a fintech company that focuses on expense management and payments. Founded by Dileep Thazhmon and Sherwin Gandhi in 2019, Jeeves has now raised a total of $268.0M in total equity funding and is backed by Andreessen Horowitz, Carlo Enrico, Clocktower Technology Ventures, CRV, Financial Technology Partners, Gaingels, GIC, Haven Ventures, Silicon Valley Bank, Spike Ventures, Stanford University, Tencent, and Urban Innovation Fund.
MixMode — $45.0M – Series B
Santa Barbara-based MixMode is a purpose built platform to detect threats and anomalies across any data Stream with the worlds most powerful cyber AI Founded by Igor Mezic and John Keister in 2019, MixMode has now raised a total of $62.3M in total equity funding and is backed by Entrada Ventures and PSG.
Nasuni — $60.0M – Venture
Boston-based Nasuni is a provider of cloud file services that enables organizations to store, protect, share, and access all enterprise files. Founded by Andres Rodriguez and Robert S. Mason in 2009, Nasuni has now raised a total of $223.5M in total equity funding and is backed by Sixth Street.
Nucleus Security — $20.0M – Series B
Sarasota-based Nucleus Security provides a vulnerability management solution that enables organizations to manage their vulnerability information. Founded by Nicolas Fleming, Scott Kuffer, and Stephen Carter in 2018, Nucleus Security has now raised a total of $23.1M in total equity funding and is backed by Arthur Ventures and Lead Edge Capital.
Osso VR — $66.0M – Series C
San Francisco-based Osso VR is a training and assessment platform focused on surgical virtual reality. Founded by Justin Barad in 2016, Osso VR has now raised a total of $109.0M in total equity funding and is backed by GSR Ventures, Kaiser Permanente Ventures, Oak HC/FT, SignalFire, and Tiger Global Management.
RapidAPI — $150.0M – Series D
San Francisco-based RapidAPI is an API Hub that enables developers to find, manage, and connect to thousands of APIs. Founded by Iddo Gino and Mickey Hasalvsky in 2015, RapidAPI has now raised a total of $272.5M in total equity funding and is backed by Andreessen Horowitz, Green Bay Ventures, Grove Ventures, M12 – Microsoft’s Venture Fund, Qumra Capital, SoftBank Vision Fund, and Viola Growth.
Saphyre — $18.7M – Series A
Hoboken-based Saphyre is a pre-trade onboarding platform for exchange data and documents between asset managers, brokers and 3rd party administrators. Founded by Gabino Roche and Stephen Roche in 2017, Saphyre is backed by BNP Paribas, HCAP Partners, and JP Morgan.
Smarter Sorting — $25.0M – Venture
Austin-based Smarter Sorting helps companies know more about consumer products to make, market and move them better. Founded by Charlie Vallely and Chris Ripley in 2015, Smarter Sorting has now raised a total of $50.3M in total equity funding and is backed by G2VP.
Span.IO — $90.0M – Series B
San Francisco-based Span.IO develops residential energy storage devices that provide renewable electricity and charging services for electric vehicles. Founded by Arch Rao in 2018, Span.IO has now raised a total of $133.8M in total equity funding and is backed by A/O PropTech, Angeleno Group, Fifth Wall, FootPrint Coalition, Obsidian Investment Partners, and Wellington Management.
Spectro Cloud — $40.0M – Series B
San Jose-based Spectro Cloud enables organizations to manage the full lifecycle of any combination of new or existing Kubernetes environments. Founded by Gautam Joshi, Saad Malik, and Tenry Fu in 2019, Spectro Cloud has now raised a total of $67.5M in total equity funding and is backed by Alter Venture Partners, Boldstart Ventures, Sierra Ventures, Stripes, T-Mobile Ventures, The Syndicate Group, and WestWave Capital.
Layr — $10.0M – Series A
Atlanta-based Layr is an insurtech startup determined to help small businesses tackle commercial insurance on their terms. Founded by Andrew Egenes and Phillip Naples in 2016, Layr has now raised a total of $15.6M in total equity funding and is backed by BrokerTech Ventures, Flyover Capital, Graham Insurance Agency, Hannover Digital Investments GmbH, Holmes Murphy & Associates, Hudson Structured Capital Management, IMA Financial Group, Monsanto Growth Ventures (MGV), Partners Group, Sandbox Industries, and The Plexus Groupe.
TemperPack — $140.0M – Venture
Richmond-based TemperPack manufactures insulated packaging solutions that meet the needs of all industries that ship perishable items. Founded by Brian Powers, Charles Vincent, and James McGoff in 2015, TemperPack has now raised a total of $208.9M in total equity funding and is backed by Arborview Capital, Goldman Sachs Asset Management, Harbert Growth Partners, Revolution Growth, SJF Ventures, Tao Capital Partners, and Wheatsheaf Group Limited.
TokenEx — $100.0M – Series B
Edmond-based TokenEx, a data security company, offers software to stop data theft while helping organizations reduce the costs associated with PCI. Founded by Alex Pezold and Jerald Dawkins in 2010, TokenEx has now raised a total of $100.5M in total equity funding and is backed by K1 Investment Management.
Tomo — $40.0M – Series A
Stamford-based Tomo is a fintech startup focused on the homebuying experience, initially operating as a digital mortgage and transaction company. Founded by Carey Armstrong and Greg Schwartz in 2020, Tomo has now raised a total of $110.0M in total equity funding and is backed by NFX, Parker89, Ribbit Capital, SVB Capital, TeleSoft Partners, and Zigg Capital.
Subject — $29.4M – Series A
Los Angeles-based Subject develops an accredited learning platform that provides a custom curriculum taught by teachers with cinematic quality. Founded by Felix Ruano, Jonathan Quiros, and Michael Vilardo in 2020, Subject has now raised a total of $34.7M in total equity funding and is backed by Alex Killorn, Hispanic Scholarship Fund, Kleiner Perkins, Moving Capital, Owl Ventures, SB Opportunity Fund, Supernode Ventures, and Vivi Nevo.
WorkRamp — $40.0M – Series C
San Carlos-based WorkRamp is an all-in-one learning platform for training customers, partners, and employees. Founded by Arsh Mand and Ted Blosser in 2015, WorkRamp has now raised a total of $67.2M in total equity funding and is backed by GTMFund, Jack Altman, OMERS Ventures, PeopleTech Angels, Salesforce Ventures, Slack Fund, Susa Ventures, and UpHonest Capital.
