SAN FRANCISCO — Resident, which sells direct-to-consumer brands in the mattress and home goods market, has received an investment of $130 million led by Ion Crossover Partners and Nexus Capital Management with participation from Baron Capital Group. The funds will be used by the company to execute Resident’s growth plan, expand its brick-and-mortar retail footprint and strengthen its […]
Venture Funding
Landing Lands a Smooth $75 Million
SAN FRANCISCO — Landing, a company offering flexible, long-term living memberships, has secured $100 million in new funding: a $45 million Series B led by Foundry Group with participation by Greycroft and Maveron, alongside a $55 million debt facility. With an influx of fresh capital and a rapidly growing membership base, the company will continue […]
Workato Valued at $1.7 Billion With $110 Million Round
MOUNTAIN VIEW — Workato, which develops a platform for business automation, has announced $110 million in Series D funding led by investment firm Altimeter Capital alongside Insight Partners. Pauline Yang, partner at Altimeter Capital, will join Workato’s board of directors as an observer. Existing investors, Redpoint Ventures and Battery Ventures, also participated in the round. […]
Roblox Reels In $520 Million
SAN MATEO — Roblox, which operates a popular gaming platform, has raised $520 million in new Series H funding at a purchase price of $45.00 per share led by Altimeter Capital and Dragoneer Investment Group. The Investment Group of Santa Barbara and Warner Music Group, along with several current investors, also participated in this round. […]
Lacework Scores $525 Million Round
SAN JOSE – Lacework, which operates a cloud security platform, has raised a $525 million growth round with a valuation of $1 billion. Led by Sutter Hill and Altimeter Capital, and joined by D1 Capital Partners, Coatue, Dragoneer Investment Group, Liberty Global Ventures, Snowflake Ventures and Tiger Global Management, the round reflects Lacework’s accelerated adoption […]
Hinge Raises Healthy $300 Million Series D
SAN FRANCISCO – Hinge Health has raised a $300 million Series D round to expand clinical capabilities as an end-to-end Digital Musculoskeletal (MSK) Clinic for all back and joint pain care. The fundraising was heavily oversubscribed and jointly led by Coatue Management and Tiger Global with participation from existing investors Atomico, Insight Partners, Quadrille, 11.2 […]
Dremio Lands $135 Million Series D
SANTA CLARA — Dremio, a specialist in data lake transformation, announced it has raised $135 million in Series D funding, giving the company a valuation of $1 billion. This new funding round occurred just nine months after a $70 million round led by Insight Partners in March 2020. Sapphire Ventures led the round with participation […]
Oxygen Closes $17 Million Series A
SAN FRANCISCO — Digital banking platform Oxygen announced a $17 million Series A round of funding. The round included Runa Capital, S7V, 1984.vc, EFG Hermes, Rucker Park, and Inventures, in addition to individual investors, including Frank Strauss, Global CEO of the Private & Commercial Bank for Deutsche Bank AG, William Hockey, Co-Founder of Plaid, Ankur Nagpal, Founder […]
Octave Bioscience Secures $32 Million
MENLO PARK — Octave Bioscience, the developer of a fully integrated care management platform for multiple sclerosis (MS) and other neurodegenerative diseases, has completed a $32 million Series B financing. Northpond Ventures led the investment round with participation by Deerfield Management and Casdin Capital. All previous investors participated in the financing round, including the Blue […]
Qualia Thrives With $65 Million Series D
SAN FRANCISCO — Qualia, a digital real estate closing technology company, has raised $65 million in Series D financing, increasing its total funding to $160 million and valuing the five-year-old company at over $1 billion. The latest round was led by existing investor Tiger Global, alongside other existing investors 8VC and Menlo Ventures. Qualia also […]
CloudTrucks Revs Up With $20.5 Million Series A
SAN FRANCISCO — CloudTrucks, a virtual trucking carrier that helps independent truck drivers, has closed a Series A funding round of $20.5 million, led by Caffeinated Capital with participation from Craft Ventures, Khosla Ventures, SciFi VC, Kindred Ventures, Abstract Ventures, and Better Tomorrow Ventures. It also launched a first of its kind payments product – CT […]
Storyboard Inks $4.5 Million Seed Round
PALO ALTO — Storyboard, an enterprise podcast and audio platform, has closed $4.5 million in seed funding led by CRV. The funding also includes participation from Harry Stebbings of 20MinuteVC, Operator Partners, Slack Fund, Dave Ambrose, and Matt Ziskie. The company will use the new capital to accelerate its rapid growth, develop its audio platform, […]
Dialpad Dials Up $10 Million From Softbank
SAN FRANCISCO — Dialpad, an AI-powered cloud communications platform, announced that Japan’s SoftBank Corp. has joined a previous $100 million Series-E funding round, led by OMERS Growth Equity, through a $10 million investment. SoftBank’s investment will deepen its existing, 4-year strategic partnership with Dialpad, and drive business growth in Japan and the greater APAC region, […]
Neuron23 Emerges With $113.5 Million
SOUTH SAN FRANCISCO — Neuron23 Inc., an early stage biotechnology company focused on developing medicines for neurological and immunological diseases, has emerged from stealth mode with a combined $113.5 million Series A and B financing. The funding was comprised of $33.5 million Series A financing from Westlake Village BioPartners and Kleiner Perkins, and $80 million Series B financing led by Redmile […]
Lyte Shines With $33 Million
SAN FRANCISCO — Lyte, a ticketing service for live events, has announced $33 million in a Series B round, a combination of equity and debt, bringing its fundraising total to $48 million. The funding enables Lyte to continue its rapid growth beyond the nearly 300 top artist tours, festivals, venues and live events that use […]
Passport Stamps $12 Million Series A Round
SAN FRANCISCO — Passport announced it has raised $12 million in Series A funding, led by venture capital firm M13 with participation from Resolute Ventures, Precursor, Kleiner Perkins, RiverPark, and Republic. The company plans to use the funds to invest in its parcel supply chain network and continue to scale operations across the board. Led by […]
Verily Loads Up With $700 Million
SOUTH SAN FRANCISCO — Life sciences company Verily — a subsidiary of Alphabet — announced it raised a $700 million investment round from current investors, including parent company Alphabet, Silver Lake, Temasek, Ontario Teachers’ Pension Plan and others. The new capital will be used to support rapid expansion of some of Verily’s commercial businesses. These […]
Chicago Pacific Founders Invests $30 Million in Tredence
SAN JOSE — Tredence, Inc., a leading provider of analytics services and solutions, has secured $30 million in funding from Chicago Pacific Founders (CPF), a private equity firm specializing in investing in growth companies within healthcare services and care for aging populations. “COVID-19 has further underscored how the healthcare space is primed for disruption, and […]
SkyFlow Scores $17.5 Million Series A
PALO ALTO — Skyflow announced a $17.5 million Series A funding round to drive growth of its data privacy vault. The round, led by Canvas Ventures, brings the total amount raised to $25 million over the last year and includes Foundation Capital, which led the seed round. With the funds, Skyflow said it will: Invest […]
LendingHome Receives $75 Million, Names New CEO
SAN FRANCISCO — LendingHome, one of the nation’s largest lenders to real estate investors, has raised a $75 million Series E round. The company has promoted Michael Bourque as Chief Executive Officer. Benefit Street Partners, a credit-focused alternative asset management firm, led the fundraising round. Bourque will assume day-to-day leadership of the company and will also join […]
LeanTaaS Raises $130 Million Series D
SANTA CLARA — LeanTaaS, Inc., a software company that increases patient access and improves operational performance for healthcare providers, announced a $130 million Series D funding round led by Insight Partners with participation from Goldman Sachs. The funds will be used to invest in building out the existing suite of products (iQueue for Operating Rooms, iQueue for Infusion […]
Salt Security Shakes Things Up With $30 Million Series A
PALO ALTO — Salt Security, which specializes in security for APIs, has raised a $30 million Series B round led by Silicon Valley venture capital firm Sequoia. Sequoia partner Carl Eschenbach will be joining the company’s Board of Directors. Also participating are existing investors Tenaya Capital, S Capital VC, and Y Combinator. Salt Security has […]
Deepcell Closes $20 Million Series A
MOUNTAIN VIEW — Deepcell, a life science company pioneering AI-powered cell classification and isolation for cell biology and translational research, has closed a Series A round with $20 million, led by Bow Capital and joined by Andreessen Horowitz, which led its $5 million seed round. The new funding will allow Deepcell to develop its microfluidics-based […]
Fylamynt Launches With $6.5 Million Seed Funding
MOUNTAIN VIEW — Fylamynt, a cloud automation platform, has officially launched with $6.5 million in seed funding. Fylamynt allows cloud engineering teams to build, run and analyze automation workflows securely for any cloud with little to no code. The seed round is led by Gradient Ventures, Google’s AI-focused fund, with additional investment from Mango Capital and Point72 Ventures. The cost of operations is […]