News about Silicon Valley business almost everyday.
SAN FRANCISCO — Honor Technology, Inc., the world’s largest senior care network and technology platform, has raised $70 million in Series E funding and $300 million in debt financing. The round brings Honor’s total equity funding to date to $325 million and values the company at over $1.25 billion. Honor recently acquired global home care provider Home Instead. Honor’s technology and operations platform, paired […]
SAN FRANCISCO — BetterUp, a provider of virtual professional coaching for large businesses, has closed $300 million in Series E fundraise. This round brings the company’s valuation to $4.7 billion and total funding to $600 million, making BetterUp the largest mental health and coaching company in the world. The round follows BetterUp’s $125 million Series […]
SAN FRANCISCO — Kentik, which helps companies monitor their networks, has closed a $40 million Series C funding round led by existing investor Third Point Ventures. Investors from prior rounds – August Capital, Tahoma Ventures, DCVC, Engineering Capital and Vistara Growth – were joined by new investors Golub Capital, Gaingels and Delta-v Capital to complete […]
ReleaseHub, a fully-remote company that was based in San Francisco, has completed a $20 million Series A funding round. Led by CRV with participation from Sequoia, Y Combinator, Bow Capital, Artisanal Ventures, Hack VC and angel investors Amit Agarwal (Datadog), Bill Clerico (WePay) and Chase Gilbert (Built Technologies), the Series A follows a $2.7 million […]
PLEASANTON — Tekion, developer of the Automotive Retail Cloud (ARC) platform for car dealers, has landed a Series D financing round of $250 million, driving its valuation to $3.5 billion. The funding round was led by Alkeon Capital and co-led by Durable Capital. Other investors include Hyundai Motor Company and several reputable dealer groups across […]
PALO ALTO — Ladder, which offers flexible life insurance in minutes, has raised a $100 million Series D round. The company says it has more than quadrupled revenue last year and plans to issue $30 billion in LadderLife coverage by year end. The $100 million financing round was led by Thomvest Ventures and OMERS Growth Equity. It will be used to help […]
LOS ALTOS — Akridata, a pioneer in Data-Centric AI, announced the completion of its $15 million Series A round led by Venture Capital firms TeleSoft Partners, Accel, and Mobile Foundation Ventures (MFV) Partners. Akridata also announced the world’s first Edge Data Platform for Data-Centric Artificial Intelligence (AI). With the first AI infrastructure platform in the Data-Centric AI category, […]
SAN FRANCISCO — Commonstock, which operates a social network for retail investors, has raised a $25 million Series A led by Coatue, with participation from QED, Floodgate, Upside Ventures, Resolute Ventures, Abstract Ventures. Philippe Laffont, Bill Ackman, Ari Emanuel, and Michael Ovitz also joined the round as well as Li Jin of Atelier, Turner Novak of Banana Capital, and Jill Carlson. Commonstock said will use the funds to […]
BERKELEY — Perfect Day, Inc., best known as the creator of the world’s first animal-free milk protein, has scored a $350 million Series D funding round intended to fuel the company’s expanded focus across biological engineering, ingredient innovation, and consumer products. The round, co-led by Temasek and Canada Pension Plan Investment Board (CPP Investments), included […]
SAN FRANCISCO — All Day Kitchens, which operates ghost kitchens in the Bay Area and Chicago, has scored a $65 million Series C financing round led by Lightspeed with participation from GIC, and Alex Taussig joining the board as Director and Jeremy Kranz as Board Observer. Existing investors Andreessen Horowitz, Founders Fund, Khosla Ventures, and […]
SAN FRANCISCO — Coalition, a cyber insurance and security company, has raised $205 million to expand into new insurance lines and help organizations of all sizes remain secure in the face of increasing cyber threats. The new funding round was co-led by Durable Capital, T. Rowe Price Associates and Whale Rock Capital, with participation from the […]
REDWOOD CITY — Wider Circle, a tech-enabled community health organization working with health plans and providers to connect neighbors for better health, t has closed a $38 million Series B funding round led by AmeriHealth Caritas, a national leader in Medicaid managed care. The AmeriHealth Caritas investment was made through the company’s new wholly owned subsidiary, Social […]