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 5/28/22 featuring funding details for R-Zero, Gametime, and sixteen other rounds representing $1.16B in new funding that you need to know about.
Airspace — $70.0M – Series D
Carlsbad-based Airspace Technologies is a technology-enabled provider of time-critical logistics. Founded by Nicholas Bulcao and Ryan Rusnak in 2016, Airspace has now raised a total of $136.0M in total equity funding and is backed by DBL Partners, Defy.vc, HarbourVest Partners, Prologis Ventures, Qualcomm Ventures, Scale Venture Partners, and Telstra Ventures.
Assembled — $51.0M – Series B
San Francisco-based Assembled is a workforce management platform that helps modern organizations scale customer support teams. Founded by Brian Sze, John Wang, and Ryan Wang in 2018, Assembled has now raised a total of $70.7M in total equity funding and is backed by Basis Set Ventures, Emergence, and New Enterprise Associates.
Booster — $125.0M – Series D
San Mateo-based Booster focuses on energy delivery, integrated logistics, and providing solutions for decarbonizing last-mile delivery. Founded by Diego Netto, Frank Mycroft, and Tyler Raugh in 2015, Booster has now raised a total of $213.1M in total equity funding and is backed by Cercano Management, Chaac Ventures, Conversion Capital, Enterprise Holding Ventures, Equinor Ventures, Invus Opportunities, Madrona Venture Group, Maveron, Mitsubishi Corporation, Perot Jain, Renewable Energy Group, Rose Park Advisors, Thayer Ventures, and Version One Ventures.
Firework — $150.0M – Series B
San Mateo-based Firework is a digital engagement platform that brings interactive video experiences to websites and apps. Founded by Jerry Luk and Vincent Yang in 2017, Firework has now raised a total of $269.3M in total equity funding and is backed by SoftBank Vision Fund.
Gametime — $30.0M – Venture
San Francisco-based Gametime sells last-minute tickets to the most popular events in sports, music, and theater. Founded by Brad Griffith in 2013, Gametime has now raised a total of $71.5M in total equity funding and is backed by Accel, Alumni Ventures, Blitzscaling Ventures, Bolt Ventures, GV, Jeff Mallett, John Burbank, Maven Ventures, Next Play Capital, Nimble Partners, Palapa Ventures, Tenere Capital, and University Growth Fund.
Homethrive — $20.0M – Series B
Northbrook-based Homethrive is a healthcare service company that provides support for employee caregivers, aging adults, and those with special needs. Founded by Dave Jacobs and David Greenberg in 2018, Homethrive has now raised a total of $38.0M in total equity funding and is backed by 7wire Ventures, Allianz, Human Capital, and Pitango Venture Capital.
Mainspring Energy — $150.0M – Series E
Menlo Park-based Mainspring Energy is engineering advanced technology by developing a prototype of a linear generator that converts fuel to electricity. Founded by Adam Simpson, Matt Svrcek, and Shannon Miller in 2010, Mainspring Energy has now raised a total of $328.0M in total equity funding and is backed by Bill Gates, Fidelity, Fine Structure Venture, Khosla Ventures, Lightrock, Lineage Ventures, and Princeville Capital.
Meter — $38.0M – Series B
San Francisco-based Meter provides internet infrastructure for businesses. Founded by Anil Varanasi and Sunil Varanasi in 2015, Meter has now raised a total of $50.0M in total equity funding and is backed by Allen & Company, Claire Cormier Thielke, Diane Greene, John Bicket, John Collison, Lachy Groom, Lastseen Ventures, LGF, Patrick Collison, Reid Hoffman, Sam Altman, Sam Hinkie, Sanjit Biswas, Scott Belsky, Sequoia Capital, Tishman Speyer, Tobi Lutke, and WndrCo.
Motive — $150.0M – Series F
San Francisco-based Motive builds technology to improve the safety, productivity and profitability of businesses that power the physical economy. Founded by Obaid Khan, Ryan Johns, and Shoaib Makani in 2013, Motive has now raised a total of $567.3M in total equity funding and is backed by Greenoaks Capital, GV, Index Ventures, Insight Partners, IVP, Kleiner Perkins, and Scale Venture Partners.
R-Zero — $105.0M – Series C
Salt Lake City-based R-Zero is a biosafety technology company dedicated to making shared indoor environments safer, healthier, and more productive. Founded by Benjamin Boyer, Eli Harris, and Grant Morgan in 2020, R-Zero has now raised a total of $170.0M in total equity funding and is backed by Bank of Montreal, Bedrock Capital, Caisse de Depot et Placement du Quebec, DBL Partners, HAX, Qualcomm Ventures, Upfront Ventures, and World Innovation Lab (WiL).
Rael — $35.0M – Series B
Los Angeles-based Rael makes natural and organic period products that don’t sacrifice comfort or performance. Founded by Aness An, Binna Won, and Yanghee Paik in 2017, Rael has now raised a total of $55.3M in total equity funding and is backed by Aarden Partners, Colopl Next, Mirae Asset Venture Investment, Signite Partners, ST Capital, and Unilever Ventures.
Regrow Ag — $38.0M – Series B
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 $59.4M in total equity funding and is backed by Cargill, Galvanize Climate Solutions, M12 – Microsoft’s Venture Fund, Rethink Impact, and Time Ventures.
SiMa.ai — $30.0M – Series B
San Jose-based SiMa.ai is accelerating the proliferation of high-performance machine learning inference at very low power in embedded edge applications. Founded by Krishna Rangasayee and Steven J. Rosston in 2018, SiMa.ai has now raised a total of $140.0M in total equity funding and is backed by Fidelity Management and Research Company and Lip-Bu Tan.
SparkCharge — $23.0M – Series A
Somerville-based SparkCharge is an automotive company that offers mobile and convenient charging stations for electric vehicles. Founded by Christopher Ellis, Joshua Aviv, and Richard Whitney in 2014, SparkCharge has now raised a total of $34.6M in total equity funding and is backed by Mark Cuban Companies, Pendulum Holdings, Revolutionâs Rise of the Rest Seed Fund, Silicon Valley Bank, Summer Watson, Tale Venture Partners, and Terrence “Pusha T” Thornton.
Tidelift — $27.0M – Series C
Boston-based Tidelift makes open source software work betterâfor everyone. Founded by Donald Fischer, Havoc Pennington, Jeremy Katz, and Luis Villa in 2017, Tidelift has now raised a total of $67.0M in total equity funding and is backed by Atlassian Ventures, Dorilton Capital, Foundry Group, General Catalyst, and Kaiser Permanente.
WSO2 — $93.0M – Series E
Santa Clara-based WSO2 is an open source API-first integration vendor that offers a broad technology platform to rapidly build digital products. Founded by Paul Fremantle and Sanjiva Weerawarana in 2005, WSO2 has now raised a total of $223.5M in total equity funding and is backed by Redstart Labs.
ZenLedger — $15.0M – Series B
Bellevue-based ZenLedger is an analytics startup that simplifies cryptocurrency taxes to help investors and tax professionals in portfolio management. Founded by Bryan Starbuck, Drew Nordstrom, Patrick Larsen, and Saqib Rasool in 2017, ZenLedger has now raised a total of $25.9M in total equity funding and is backed by AngelList Quant Fund, Blizzard Fund, Bloccelerate VC, G1 Ventures, King River Capital, Mainstreet Investment, ParaFi Capital, Shorooq Partners, Three Point Capital, and VaynerFund.
