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 4/16/22 featuring funding details for Raptor Maps, NODAR, Tive, and twenty-one other rounds representing $3.01B in new funding that you need to know about.
BlueOcean — $30.0M – Series B
San Francisco-based BlueOcean is an always-on brand intelligence platform. Founded by Grant McDougall, Liza Nebel, and Matthew Gross in 2019, BlueOcean has now raised a total of $50.0M in total equity funding and is backed by FJ Labs and Insight Partners.
Compt — $13.0M – Series A
Cambridge-based Compt is a perk management software that helps companies create, manage, and streamline perk stipends that delight employees. Founded by Amy Spurling and Sarah Bedrick in 2018, Compt has now raised a total of $14.5M in total equity funding and is backed by Battery Ventures.
Diligent Robotics — $30.0M – Series B
Austin-based Diligent Robotics develops AI-powered robot assistants to collaborate with and adapt to humans in everyday environments. Founded by Andrea Thomaz and Vivian Chu in 2017, Diligent Robotics has now raised a total of $45.2M in total equity funding and is backed by Boom Capital, Cedars-Sinai Health Ventures, DNX Ventures, Gaingels, Next Coast Ventures, The E14 Fund, Tiger Global Management, True Ventures, and Ubiquity Ventures.
Epic Games — $2.0B – Venture
Cary-based Epic Games is an interactive entertainment company that develops games and offers its game engine technology to other developers. Founded by Mark Rein and Tim Sweeney in 1991, Epic Games has now raised a total of $7.1B in total equity funding and is backed by KIRKBI A/S and Sony.
Natural Fiber Welding — $85.0M – Series B
Peoria-based Natural Fiber Welding develops a technology that can use plants and natural fibers to make textiles and other durable items. Founded by Luke Haverhals in 2015, Natural Fiber Welding has now raised a total of $150.3M in total equity funding and is backed by Advantage Capital, Alpha Impact Investment Management Partners, BMW i Ventures, Central Illinois Angels, Collaborative Fund, Engine No. 1, Evolution VC Partners, Gaingels, Lewis & Clark AgriFood, Raga Partners, Ralph Lauren Corporation, Scrum Ventures, Tattarang, and Tidal Impact.
Filevine — $108.0M – Series D
Salt Lake City-based Filevine offers a cloud-native case management software to help firms be more efficient. Founded by Jim Blake, Nathan Morris, and Ryan Anderson in 2014, Filevine has now raised a total of $226.1M in total equity funding and is backed by Golub Capital, Meritech Capital Partners, Signal Peak Ventures, and StepStone Group.
Duos — $15.0M – Series A
New York-based DUOS is reimagining freedom at any age by providing personal assistants to help older adults age independently. Founded by Anne Marie Aponte, Jacques Anderson, Karl Ulfers, and Kristen Lynch in 2020, Duos has now raised a total of $21.1M in total equity funding and is backed by Declaration Partners, Forerunner Ventures, Imaginary Ventures, and Optum Ventures.
Quiq — $25.0M – Series C
Bozeman-based Quiq is a customer service messaging platform that allows brands to engage with customers easily, across digital messaging channels. Founded by Mike Myer and William O’Neill in 2015, Quiq has now raised a total of $44.0M in total equity funding and is backed by Baird Capital, Foundry Group, NEXT Frontier Capital, and Venrock.
ComboCurve — $50.0M – Series B
Houston-based ComboCurve is a Fintech business that focuses on good predictions and cash flow analysis in the energy sector. Founded by Armand Paradis and Jeremy Gottlieb in 2017, ComboCurve has now raised a total of $50.0M in total equity funding and is backed by Bessemer Venture Partners and Dragoneer Investment Group.
Iris Telehealth — $40.0M – Series B
Austin-based Iris Telehealth is a leading provider of telepsychiatry services for community mental health centers, community health centers. Founded by Tarik Shaheen in 2013, Iris Telehealth has now raised a total of $40.0M in total equity funding and is backed by Columbia Pacific Advisors and Concord Health Partners.
Last9 — $11.0M – Series A
Santa Clara-based Last9 is a Site Reliability Engineering platform that helps improve production systems. Founded by Nishant Modak and Piyush Verma in 2020, Last9 has now raised a total of $13.0M in total equity funding and is backed by Better Capital and Sequoia Capital India.
Leaf Trade — $12.5M – Series B
Chicago-based Leaf Trade is the industry wholesale marketplace between cultivators/processors and dispensaries in the highly regulated cannabis states. Founded by James Yi in 2017, Leaf Trade has now raised a total of $23.0M in total equity funding and is backed by Artemis Growth Partners.
NODAR — $12.0M – Series A
Somerville-based NODAR develops a camera-based 3D vision system for autonomous vehicles. Founded by Brad Rosen and Leaf Jiang in 2018, NODAR has now raised a total of $12.0M in total equity funding and is backed by New Enterprise Associates and Rhapsody Venture Partners.
Observe.AI — $125.0M – Series C
San Francisco-based Observe.AI is an Intelligent Workforce Platform that helps teams improve CX and agent performance. Founded by Akash Singh, Sharath Keshava Narayana, and Swapnil Jain in 2017, Observe.AI has now raised a total of $214.0M in total equity funding and is backed by Emergent Ventures, Menlo Ventures, Next47, Nexus Venture Partners, NGP Capital, Scale Venture Partners, SoftBank Vision Fund, Steadview Capital, and Zoom.
Pax8 — $185.0M – Venture
Greenwood Village-based Pax8 is a cloud commerce marketplace company that specializes in cloud-based solutions. Founded by John Street in 2012, Pax8 has now raised a total of $347.0M in total equity funding and is backed by Blue Cloud Ventures, Catalyst Investors, Liberty Global Ventures, Sageview Capital, and SoftBank Vision Fund.
Mesh — $11.0M – Series A
San Jose-based Mesh is a social performance management platform for today’s workforce. Founded by Gaurav Chaubey, Rahul Singh, and Saurabh Nangia in 2020, Mesh has now raised a total of $16.1M in total equity funding and is backed by Ankit Nagori, Hemant Bhardwaj, RTP Global, Sumon Sadhu, Surge, Viral Bajaria, and Y Combinator Continuity Fund.
Raptor Maps — $22.0M – Series B
Somerville-based Raptor Maps is a MIT-born startup that builds software to manage the solar lifecycle. Founded by Eddie Obropta, Forrest Meyen, and Nikhil Vadhavkar in 2015, Raptor Maps has now raised a total of $27.0M in total equity funding and is backed by Blue Bear Capital, Buoyant Ventures, Congruent Ventures, Data Point Capital, DNV GL, ENGIE New Ventures, MacKinnon, Bennett & Company, and Microsoft Climate Innovation Fund.
Studio — $50.0M – Series B
San Francisco-based Studio provides hands-on, one-month classes for everyone to experience the creativity and fulfillment of learning new things with others. Founded by Max Deutsch and Valentin Perez in 2017, Studio has now raised a total of $50.0M in total equity funding and is backed by Forerunner Ventures, Greenoaks Capital, Human Capital, Jeff Weiner, Joe Gebbia, Mike Krieger, and WndrCo.
Tagboard — $2.3M – Series A
Redmond-based Tagboard is a software platform aggregating social media content from multiple networks for end-users, brands and marketers. Founded by Jenni Hogan, Josh Decker, Sean Sperte, and Tim Shimotakahara in 2012, Tagboard has now raised a total of $16.8M in total equity funding and is backed by Spivy Private Capital, Sports Loft, and WestRiver Group.
Tive — $54.0M – Series B
Boston-based Tive develops a hardware and software platform designed to track the conditions of shipments. Founded by Krenar Komoni in 2015, Tive has now raised a total of $81.9M in total equity funding and is backed by AXA Venture Partners, Broom Ventures, Fifth Wall, Floating Point, Hyperplane Venture Capital, NextView Ventures, Qualcomm Ventures, RRE Ventures, SJF Ventures, Sorenson Capital, Supply Chain Ventures, and Two Sigma Ventures.
Trace — $47.0M – Series C
Austin-based Trace is a software platform that automatically edits and delivers personalized moments for each player. Founded by Anatole Lokshin and David Lokshin in 2011, Trace has now raised a total of $68.0M in total equity funding and is backed by Lakestar, NextGen Venture Partners, Pelion Venture Partners, and Toba Capital.
Twingate — $42.0M – Series B
Redwood City-based Twingate provides businesses and their distributed workforces with modern, secure remote access to private resources. Founded by Alex Marshall, Lior Rozner, and Tony Huie in 2019, Twingate has now raised a total of $59.0M in total equity funding and is backed by 8VC, Bond, SignalFire, and WndrCo.
Umba — $15.0M – Series A
San Francisco-based Umba is an African digital bank, offering free bank accounts and financial services to customers Founded by Barry O’Mahony and Tiernan Kennedy in 2018, Umba has now raised a total of $17.0M in total equity funding and is backed by Act Venture Capital, Banana Capital, Chandaria Capital, Costanoa Ventures, Lachy Groom, Lux Capital, Palm Drive Capital, Streamlined Ventures, and Tom Blomfield.
Welcome Tech — $30.0M – Venture
Los Angeles-based Welcome Tech is a digital platform that builds data-driven services for immigrant communities. Founded by Amir Hemmat and Raul Lomeli in 2010, Welcome Tech has now raised a total of $73.0M in total equity funding and is backed by Mubadala Capital Ventures, Next Play Capital, Owl Ventures, SB Opportunity Fund, and TTV Capital.
