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 5/21/22 featuring funding details for Perennial, Unit, Akuity, and thirteen other rounds representing $1.15B in new funding that you need to know about.
A.Team — $55.0M – Series A
New York-based A.Team is a distributed, on-demand team formation platform that allows members to team up and build things. Founded by Kobi Masri, Raphael Ouzan, and Ruben Aknin in 2020, A.Team has now raised a total of $60.0M in total equity funding and is backed by Adam Grant, Arrive, Insight Partners, Spruce Capital Partners, and Tiger Global Management.
Akuity — $20.0M – Series A
Sunnyvale-based Akuity provides the solutions that empower DevOps engineers to deliver applications simpler, safer, and faster, powered by Argo. Founded by Alexander Matyushentsev, Hong Wang, and Jesse Suen in 2021, Akuity has now raised a total of $24.5M in total equity funding and is backed by Decibel Partners and Lead Edge Capital.
Arrived Homes — $25.0M – Series A
Seattle-based Arrived Homes provides rental home investment services to help people become financially independent. Founded by Alejandro Chouza, Kenneth Cason, and Ryan Frazier in 2020, Arrived Homes has now raised a total of $35.0M in total equity funding and is backed by Bezos Expeditions, Core Innovation Capital, Forerunner Ventures, Good Friends, Neo, PSL Ventures, and Spencer Rascoff.
Claravine — $16.0M – Series B
Provo-based Claravine is redefining data integrity for the global enterprise. Founded by Craig Scribner in 2012, Claravine has now raised a total of $28.2M in total equity funding and is backed by Five Elms Capital, Grayhawk Capital, Kickstart, NEXT Frontier Capital, Peninsula Ventures, and Silverton Partners.
Coinshift — $15.0M – Series A
Wyoming-based Coinshift is a crypto treasury management platform that helps businesses and decentralized autonomous organizations. Founded by Tarun Gupta in 2021, Coinshift has now raised a total of $17.5M in total equity funding and is backed by Alameda Ventures, Alpha Wave Global, Ethereal Ventures, HashKey Capital, Lenny Rachitsky, Polygon Studios, Prabhakar Reddy, Quiet Capital, Ryan Hoover, Sandeep Nailwal, Scott Belsky, Sequoia Capital India, Shaan Puri, Shiva Rajaraman, The Spartan Group, Tiger Global Management, Utsav Somani, and Volt Capital.
GreyOrange — $110.0M – Venture
Roswell-based GreyOrange is a technology startup creating artificial intelligence-driven software and AI-driven mobile robots for warehousing industry. Founded by Akash Gupta, Samay Kohli, and Wolfgang Hoeltgen in 2011, GreyOrange has now raised a total of $280.0M in total equity funding and is backed by BlackRock and Mithril Capital Management.
Impartner — $35.0M – Venture
South Jordan-based Impartner delivers robust SaaS-based partner relationship management and marketing automation platform solutions. Founded by Craig Flynn in 1997, Impartner has now raised a total of $145.0M in total equity funding and is backed by CIBC Innovation Banking.
Imply — $100.0M – Series D
Burlingame-based Imply is a multi-cloud data platform designed to deliver real-time ingestion and visualizations for event-driven and streaming data flows. Founded by Fangjin Yang, Gian Merlino, and Vadim Ogievetsky in 2015, Imply has now raised a total of $215.3M in total equity funding and is backed by Andreessen Horowitz, Bessemer Venture Partners, Khosla Ventures, OMERS Growth Equity, and Thoma Bravo.
Instabug — $46.0M – Series B
San Francisco-based Instabug is a computer software company that offers services for mobile app developers to help them in testing their applications. Founded by Moataz Soliman and Omar Gabr in 2013, Instabug has now raised a total of $53.1M in total equity funding and is backed by Accel, Endeavor, Forgepoint Capital, and Insight Partners.
LucidLink — $20.0M – Series B
San Francisco-based LucidLink is a developer of a cloud-native file service that connects creative teams working on shared data sets. Founded by George Dochev and Peter Thompson in 2016, LucidLink has now raised a total of $39.6M in total equity funding and is backed by Baseline Ventures, BrightCap Ventures, Headline, and Top Tier Capital Partners.
Pathlock — $200.0M – Venture
Flemington-based Pathlock is a provider of unified access orchestration. Founded by Anand Adya, Aparna Deshpande, and Ingo Bax in 2004, Pathlock has now raised a total of $220.0M in total equity funding and is backed by Vertica Capital Partners.
Perennial — $18.0M – Series A
Boulder-based Perennial (formerly Cloud Agronomics) is the leading measurement, reporting, and verification (MRV) platform for soil-based carbon removal. Founded by David Schurman, Jack Roswell, Julian Vallyeason, and Oleksiy Zhuk in 2018, Perennial has now raised a total of $24.3M in total equity funding and is backed by Bloomberg, Microsoft Climate Innovation Fund, and Temasek Holdings.
SpotOn — $300.0M – Series F
San Francisco-based SpotOn provides mobile payment technology and a management system for restaurants and small businesses. Founded by Doron Friedman, Matt Hyman, and Zach Hyman in 2017, SpotOn has now raised a total of $928.0M in total equity funding and is backed by Andreessen Horowitz, Dragoneer Investment Group, DST Global, Franklin Templeton Investments, G Squared, and Mubadala.
Unit — $100.0M – Series C
San Francisco-based Unit is a developer of a platform that allows third parties to integrate banking services into their businesses. Founded by Doron Somech and Itai Damti in 2019, Unit has now raised a total of $169.6M in total equity funding and is backed by Accel, Aleph, Better Tomorrow Ventures, Flourish Ventures, Insight Partners, Moving Capital, and StepStone Group.
Vestaron — $82.0M – Series C
Durham-based Vestaron produces insecticides for agriculture, animal health, non-crop, and commercial pest control applications. Founded by Glenn King in 2005, Vestaron has now raised a total of $254.9M in total equity funding and is backed by Argonautic Ventures, Cavallo Ventures, Fortistar, and Ordway Selections.
