Daily news about tech companies in Bay Area
SAN FRANCISCO — Varo Bank, N.A., the first all-digital, nationally chartered bank in the US, has closed a massive $510 million oversubscribed funding round. The round was led by new investor Lone Pine Capital, who was joined by dozens of new investors including Declaration Partners, Eldridge, Marshall Wace, Berkshire Partners / Stockbridge, and funds and accounts managed […]
SAN FRANCISCO — StreamNative, a unified messaging and streaming platform founded by the original developers of Apache Pulsar, has raised $23 million in its Series-A round led by Prosperity7 Ventures, the diversified growth fund of Aramco Ventures, and followed by their seed investors. The company provides a platform to enable companies to manage the entire […]
SAN FRANCISCO — Pacaso, a real estate service that helps people buy and co-own a second home, announced $125 million in Series C funding led by SoftBank Vision Fund 2, bringing the company’s valuation to $1.5 billion and total equity funding to more than $215 million. Additional funding was provided by Fifth Wall and Gaingels. The round also included participation […]
SAN JOSE — LevaData, a supply management software company that delivers an integrated artificial intelligence (AI) platform to transform direct material sourcing and accelerate new product development, announced it raised $47 million in Series C funding. This strategic investment, led by Banneker Partners with participation from its pre-existing investor, Tola Capital, comes after the company […]
SAN FRANCISCO — SpotOn, a software and payments company with solutions for restaurants and retail businesses, has landed $300 million in Series E funding, raising its valuation to $3.15 billion. The funding will be used to acquire Appetize, an LA-based digital and mobile commerce platform for enterprise businesses, such as sports and entertainment venues, theme […]
PALO ALTO – AV8 Ventures has launched its second fund with $180 million backed by German financial services giant Allianz. AV8 is an early-stage investor that funds entrepreneurs who are commercializing emerging technologies in AI-driven health, mobility and enterprise. AV8 Ventures has invested in 20 companies with a focus on the US since its launch […]
SAN FRANCISCO — Vouch, a provider of business insurance for startups, has closed $90 million in new funding and announced it is the preferred business insurance provider to Brex, Carta, and WeWork customers. Vouch has also closed on $90 million of new funding, established its own authorized insurance carrier, and also expanded its line of […]
REDWOOD CITY — EveryDay Labs, which works with thousands of schools to boost attendance rates through behavioral science, announced an $8 million Series A round of financing led by Rethink Impact, the largest U.S.-based impact venture capital fund investing in female leaders using technology to generate social impact. The round also includes participation from Reach Capital, […]
SANTA CLARA — Aviatrix, a provider of cloud networking and network security, has raised $200 million in growth funding led by TCV. Additional new investors include Insight Partners and Tiger Global, while existing investors CRV, Formation 8, General Catalyst, Greenspring Associates, Ignition, Liberty Global Ventures, Meritech Capital and TrueBridge Capital Partners also participated in the round. […]
BURLINGAME — UnitQ, a company developing a platform to improve product quality, has raised a $30 million Series B round led by Accel, with support from Creandum and Gradient Ventures, Google’s AI-focused venture fund. This brings the total amount raised by UnitQ to $41 million since launching in 2018. This Series B will allow the […]