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The Weekly Notable Startup Funding Report: 3/1/21

researchsnappy by researchsnappy
February 27, 2021
in Advertising Research
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The Weekly Notable Startup Funding Report: 3/1/21
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Redox

$45.0M – Series D

Madison-based Redox is the modern API for healthcare. Founded by James Lloyd, Luke Bonney, and Niko Skievaski in 2014, Redox has now raised a total of $92.0M in total equity funding and investors in this round include .406 Ventures, Adams Street Partners, Avenir Growth Capital, Battery Ventures, and RRE Ventures.

Electric

$40.0M – Series C

New York-based Electric is an information technology company that helps businesses manage their IT security, support, and devices in real-time. Founded by Ryan Denehy in 2016, Electric has now raised a total of $91.8M in total equity funding and investors in this round include 01 Advisors, Atreides Management, Bessemer Venture Partners, GGV Capital, Greenspring Associates, Primary Venture Partners, and Vintage Investment Partners. AlleyWatch broke the news of this round in an exclusive interview with Denehy – Electric Raises Another $40M to Support the IT Needs of a Remote World

Koffie Labs

$3.0M – Seed

Brooklyn-based Koffie Labs is a digital insurer purpose-built for the next generation of trucking and transportation. Founded by Ian White and Michael Dorfman in 2019, Koffie Labs has now raised a total of $4.5M in total equity funding and investors in this round include 2048 Ventures, Anthemis Group, C2 Ventures, Drew McElroy, Esther Dyson, and Lerer Hippeau.

Medisafe

$30.0M – Series C

Boston-based Medisafe is a personalized tech platform that helps people manage their medications while providing insight into their daily habits. Founded by Omri Shor and Rotem Shor in 2012, Medisafe has now raised a total of $51.5M in total equity funding and investors in this round include 7wire Ventures, ALIVE Israel HealthTech Fund, Consensus Business Group, Leumi Partners, lool Ventures, M Ventures, Menora Mivtachim, Octopus Ventures, OurCrowd, Pitango Venture Capital, Sanofi Ventures, and Triventures.

Workiz

$13.0M – Series B

San Diego-based Workiz is the the only field service management and communication platform for small-medium on-demand businesses in North America Founded by Erez Marom, Idan Kadosh, and Saar Kohanovitch in 2015, Workiz has now raised a total of $20.3M in total equity funding and investors in this round include Aleph, Magenta Venture Partners, Maor Investments, New Era Capital Partners, and TMT Investments.

Foxtrot

$42.0M – Series B

Chicago-based Foxtrot is a mobile app that lets customers shop a curated collection of drinks, food, and everyday essentials. Founded by Brian Jaffee, Mike LaVitola, and Taylor Bloom in 2013, Foxtrot has now raised a total of $66.8M in total equity funding and investors in this round include Almanac Insights, Barshop Ventures, Bluestein Ventures, Collaborative Fund, David Chang, Fifth Wall, Imaginary Ventures, Lerer Hippeau, M3 Ventures, Monogram Capital Partners, Nicolas Jammet, Revolution’s Rise of the Rest Seed Fund, University of Chicago, Walter Robb, Wasson Enterprise, and Wittington Ventures.

Evisort

$35.0M – Series B

San Mateo-based Evisort is an AI-powered contract management platform that provides visibility into any document. Founded by Amine Anoun, Jake Sussman, and Jerry Ting in 2016, Evisort has now raised a total of $55.6M in total equity funding and investors in this round include Amity Ventures, General Atlantic, M12, and Vertex Ventures.

Reforge

$21.0M – Series A

San Francisco-based Reforge offers selective growth-focused programs for experienced professionals in marketing, product, data, and engineering. Founded by Brian Balfour in 2016, Reforge is backed by Andreessen Horowitz.

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First Boulevard

$5.0M – Seed

Overland Park-based First Boulevard is a digital neobank focused on improving the financial livelihood of Black America. Founded by Asya Bradley and Donald Hawkins in 2020, First Boulevardis backed by investors that include Anthemis Group, Barclays Ventures, Gabrielle Union, Jamere Jackson, and John Buttrick.

Terminus

$90.0M – Series C

Atlanta-based Terminus is a marketing platform used to target companies, engage decision-makers on their terms, and accelerate pipeline velocity. Founded by Eric Spett, Eric Vass, and Sangram Vajre in 2014, Terminus has now raised a total of $120.6M in total equity funding and investors in this round include Atlanta Ventures, Edison Partners, Great Hill Partners, and Hallett Capital.

Blueshift

$30.0M – Series C

San Francisco-based Blueshift offers the SmartHub CDP, which helps brands deliver relevant and connected experiences across every customer interaction. Founded by Manyam Mallela, Mehul Shah, and Vijay Chittoor in 2014, Blueshift has now raised a total of $64.6M in total equity funding and investors in this round include Avatar Growth Capital, Conductive Ventures, FortRoss Ventures, Nexus Venture Partners, Softbank Ventures Asia, and Storm Ventures.

Highspot

$200.0M – Series E

Seattle-based Highspot is an AI-fueled sales enablement platform that helps companies worldwide improve the performance of their sales teams. Founded by David Wortendyke, Oliver Sharp, Robert Wahbe, and Scot Gellock in 2012, Highspot has now raised a total of $394.6M in total equity funding and investors in this round include Bain & Company, ICONIQ Capital, Madrona Venture Group, OpenView, Salesforce Ventures, Sapphire Ventures, Shasta Ventures, and Tiger Global Management.

Hubilo

$23.5M – Series A


San Francisco-based Hubilo is a virtual and hybrid events platform that utilizes a range of insights to track attendee engagement & other event-related data. Founded by Mayank Agarwal and Vaibhav Jain in 2020, Hubilo has now raised a total of $28.0M in total equity funding and investors in this round include Balderton Capital, Chris Schagen, John W. Thompson, and Lightspeed Venture Partners.

EquityBee

$20.0M – Series A

Palo Alto-based EquityBee helps startup employees get capital to exercise their stock options before they expire by linking them to investors. Founded by Arik Moav, Mody Radashkovich, Oded Golan, and Oren Barzilai in 2018, EquityBee has now raised a total of $28.3M in total equity funding and investors in this round include Battery Ventures, Group 11, ICON Continuity Fund, and Zeev Ventures.

Shippo

$45.0M – Series D

San Francisco-based Shippo is a shipping platform that helps e-commerce companies manage their shipping operations more seamlessly. Founded by Laura Behrens Wu, Max M. Diez, and Simon Kreuz in 2013, Shippo has now raised a total of $104.3M in total equity funding and investors in this round include Bessemer Venture Partners, D1 Capital Partners, Uncork Capital, Union Square Ventures, and Version One Ventures.

Bitwise Industries

$50.0M – Series B

Fresno-based Bitwise is a tech ecosystem that provides access to resources for those in marginalized communities. Founded by Irma Olguin and Jake Soberal in 2013, Bitwise Industries has now raised a total of $77.0M in total equity funding and investors in this round include Candide Group, GingerBread Capital, Hunt Investment Group, ImpactAssets, JP Morgan Chase, Kapor Capital, Motley Fool Ventures, Plum Alley, ProMedica Health System, The Libra Foundation, and Western Technology Investment.

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Newsela

$100.0M – Series D

New York-based Newsela is an Ed-tech startup that takes content from trusted providers and turns it into learning materials. Founded by Dan Cogan-Drew and Matthew Gross in 2013, Newsela has now raised a total of $172.2M in total equity funding and investors in this round include Chan Zuckerberg Initiative, Franklin Templeton Investments, Owl Ventures, Tao Capital Partners, TCV, and Waycross Ventures.

Madison Reed

$52.0M – Venture

San Francisco-based Madison Reed is a beauty company revolutionizing the way women color their hair. Founded by Amy Errett, Dilpreet Singh, Eric Hutchinson, and Sabrina Riddle in 2013, Madison Reed has now raised a total of $185.0M in total equity funding and investors in this round include Comcast Ventures, Goldman Sachs, Motley Fool Ventures, Norwest Venture Partners, Portfolia, Shea Ventures, and True Ventures.

Aviatrix Systems

$75.0M – Series D

Santa Clara-based Aviatrix is a multi-cloud network platform that provides security and operational visibility. Founded by Sherry Wei in 2014, Aviatrix Systems has now raised a total of $140.8M in total equity funding and investors in this round include CRV, Formation 8, General Catalyst, Greenspring Associates, Ignition Partners, Liberty Global Ventures, Meritech Capital Partners, and TrueBridge Capital Partners.

SoundCommerce

$15.0M – Series A

Seattle-based SoundCommerce is a data platform that drives profitable growth, customer experience, and CLV for brands and retailers. Founded by Eric Best and Jared Stiff in 2018, SoundCommerce has now raised a total of $21.5M in total equity funding and investors in this round include Defy.vc, Emergence, and Voyager Capital.

Armorblox

$30.0M – Series B

Sunnyvale-based Armorblox uses deep learning and natural language technologies to protect enterprise communications. Founded by Anand Raghavan, Arjun Sambamoorthy, Chetan Anand, and Dhananjay Sampath in 2017, Armorblox has now raised a total of $46.5M in total equity funding and investors in this round include DJ Patil, General Catalyst, Gerhard Eschelbeck, John Thompson, Next47, Polaris Partners, and Unusual Ventures.

Otter.ai

$50.0M – Series B

Los Altos-based Otter.ai offers an app to capture, search, and share meetings, lectures, and live events. Founded by Sam Liang and Yun Fu in 2016, Otter.ai has now raised a total of $63.0M in total equity funding and investors in this round include Draper Associates, Draper Dragon, GGV Capital, Horizons Ventures, and Spectrum Equity.

Lob

$50.0M – Series C

San Francisco-based Lob provides direct mail and address verification APIs which allows businesses to send personalized mail to their customers. Founded by Harry Zhang and Leore Avidar in 2013, Lob has now raised a total of $121.4M in total equity funding and investors in this round include Frontline Ventures, Indicator Ventures, and Y Combinator Continuity Fund.

WiTricity

$18.0M – Venture

Watertown-based WiTricity Corporation provides technology to enable wireless power transfer over distance using magnetic resonance. Founded by Andre Kurs, Marin Soljacic, and Peter H. Fisher in 2007, WiTricity has now raised a total of $88.0M in total equity funding and is backed by Future Shape.

Make an impact on your bottom line and drive leads in 2021!

The AlleyWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the business community and beyond. Learn more about advertising to Tech, at scale.

ScienceLogic

$105.0M – Series E

Reston-based ScienceLogic is a provider of AI-driven monitoring solutions for hybrid cloud management. Founded by Chris Cordray, David Link, and Richard Chart in 2003, ScienceLogic has now raised a total of $189.0M in total equity funding and investors in this round include Goldman Sachs, Intel Capital, NewView Capital, and Silver Lake Waterman.

Splice

$55.0M – Series D

New York-based Splice provides a technology platform for music creators that streamlines the process of creating and sharing music. Founded by Matt Aimonetti and Steve Martocci in 2013, Splice has now raised a total of $159.7M in total equity funding and investors in this round include GS Growth.

Nanit

$25.0M – Series C

New York-based Nanit is a startup developing smart baby monitors and sleep tracker devices. Founded by Andrew Berman, Assaf Glazer, and Tor Ivry in 2016, Nanit has now raised a total of $79.2M in total equity funding and investors in this round include GV, Jerusalem Venture Partners (JVP), Rho Capital Partners, RRE Ventures, and Upfront Ventures.

Creatio

$68.0M – Venture

Boston-based Creatio is a software company that provides a low-code customer relationship and process management platform. Founded by Katherine Kostereva in 2013, Creatio is backed by investors that include Horizon Capital and Volition Capital.

BetterUp

$125.0M – Series D

San Francisco-based BetterUp is a mobile-based leadership development platform used by Fortune 500 companies. Founded by Alexi Robichaux and Eddie Medina in 2013, BetterUp has now raised a total of $269.8M in total equity funding and investors in this round include ICONIQ Growth, Lightspeed Venture Partners, Mubadala Capital | Ventures US, Plus Capital, Salesforce Ventures, Sapphire Ventures, and Threshold.

Plume Design

$270.0M – Series E

Palo Alto-based Plume is a SaaS platform that provides the delivery of technological services for connected homes. Founded by Adam Hotchkiss, Aman Singla, Fahri Diner, and Sri Nathan in 2015, Plume Design has now raised a total of $422.4M in total equity funding and investors in this round include Insight Partners.

Codecademy

$40.0M – Series D

New York-based Codecademy provides an online learning platform that teaches employable digital skills. Founded by Ryan Bubinski and Zachary Sims in 2011, Codecademy has now raised a total of $82.5M in total equity funding and investors in this round include Owl Ventures, Prosus Ventures, and Union Square Ventures. AlleyWatch published an exclusive interview with Sims covering this round and much more – Codecademy Raises $40M as the Interest in Coding Education Surges

Shield AI

$70.0M – Series C

San Diego-based Shield AI develops AI products for the protection of service members and civilians. Founded by Andrew Reiter, Brandon Tseng, and Ryan Tseng in 2015, Shield AI has now raised a total of $118.1M in total equity funding and investors in this round include Point72 Ventures.

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