The Funding Warrior provides information on venture capital/private equity and startup funding. The Funding Warrior is a weekly news feature that runs down this week’s leading startup funding stories. Here’s a list of top startup funding stories:
VC companies Wing Venture Capital, Snowflake Ventures, Norwest Venture Partners, and Ridge Ventures were among those that have invested an additional $25 million in fresh funding to close a Series B funding round for the US-based data clean room software Habu. The additional funding will be used to accelerate product innovation, operations, and customer success to support the company’s global expansion.
MyLife Technologies, a Leiden, Netherlands-based vaccine and drug delivery company, secured $4 million in fresh funding. The Dutch firm’s backers included Fare Capital, SAL Beheer, and existing shareholders. The company will use the new capital to start the production of the vaccine patches for clinical studies. Also, the company is teaming up with partners to work on key projects like vaccine therapy against a variety of cancers, demonstration projects against COVID-19, and HPV.
Puls Technologies, the Livermore, California-based company that offers on-demand home repair service through its dedicated mobile app, raised $15 million in funding, led by Hanaco Venture Capital. The additional funding will be used to launch an appliance warranty solution, which according to TechCrunch will be the company’s weapon of choice in its latest business venture. The company is planning a major assault on the home insurance market, but it needs a new product to sell in that market.
The Naked Market, a San Francisco, California-based next-generation consumer products company, raised $27.5 million in Series A funding. This latest funding round was led by Integrated Capital with participation from Pacific Tiger Group, Great Oaks Venture Capital, Clearco, and Sope Creek Capital. Armed with fresh capital, the company plans to start working on in-house incubation, scaling existing brands, and some opportunistic acquisitions.
Applied Intuition, a Mountain View, California-based that provides the software infrastructure to use on the autonomous driving system, raised $175 million in a Series D financing round, bringing its valuation to a whopping $3.6 billion. The round, which brought total outside funding to over $350m, was led by serial entrepreneur Elad Gil, Addition, and Coatue Management with participation from multiple existing investors Lux Capital, General Catalyst, Semil Shah, and, Andreessen Horowitz. The new funding is expected to be used on major product development, such as software tools for autonomous driving systems.
Atomic, a San Francisco, California-based API technology platform that works with fintech companies and offers a broad range of investment capabilities across 60 global markets, raised $25 million in fresh funding in SEries A funding round. QED Investors and Anthemis led this latest funding round with participation from Softbank and Y Combinator.
NYSE-listed Globant, a San Francisco, California-based digitally native company focused on innovating business through tech solutions, has launched a $10 million venture capital fund, the BeKindTech Fund, to support tech startups that address the negative societal effects created by the misuse of technology. Globant currently operates offices in 18 countries. The company’s customers include Google, Rockwell Automation, and Electronic Arts.
Stori, a Mexico City-based credit card-led fintech platform, has raised $200 million in equity and debt financing, which includes a $125 million fresh funding and $75 million debt financing from debt capital provider Community Investment Management. Growth-stage investor GIC and GGV Capital with participation from Tresalia Capital, Goodwater Capital, General Catalyst, Lightspeed Venture Partners, BAI Capital, Vision Plus Capital, and Source Code Capital. Stori is a global company, operating offices in Washington DC, Mexico, and Asia. The company plans to expand its global workforce.
Knowify, a New York City-based developer of construction business management software, has raised over $5.45 million in a Series A funding round, which was led by MassMutual Ventures and Companyon Ventures. Dreamit Ventures and existing investors also joined in the latest company’s funding round. The US startup offers extensive integration with Intuit QuickBooks application.
Ometria, a London, United Kingdom-based customer data and marketing platform, raised $40 million in a Series C funding round. The round, which brings total raised capital to over $75 million, was led by InfraVia Growth with participation from existing investors Columbus Lake Partners, Sonae IM, Adjuvo, Summit Action, Octopus Ventures, and early investors Chairman Lance Batchelor.
Ascribe Bioscience, a New York-based crop protection specialist, has raised $2.5 million in a Seed funding round. The Yield Lab and Acre Venture Partners led this funding event with participation from Ponderosa Ventures and Trailhead Capital. The company intends to use the fresh capital to support its expansion program in New York and accelerate the commercial development of the new product Phytalix.
Payitoff, a New York City-based company building infrastructure that automates and optimizes every aspect of debt management, raised $8.5 million in seed funding, led by Lightspeed Venture Partners, with participation from Social Leverage, Sound Ventures, and Struck Capital. The company plans to use the new funds to improve its services to meet the growing demand from financial services providers. In addition to that, the new capital will be used to grow its impact-driven team, hiring more talents for customer service, sales, engineering, and operations roles. The company plans to expand its current product line, by rolling out similar, impactful outcomes to additional financial products.
Utah-based Videra Health, a remote patient monitoring video platform for behavioral health, has closed$3 million in seed funding. Peterson Ventures led this latest funding round, with participation from Jeremy Andrus, Rose Park Advisors, and OATV. The company plans to use the new capital to support its expansion program.
Miami-based HealthSnap, a remote patient monitoring platform for virtual chronic disease management, has received over $5 million in funding. OPKO Health led this latest company’s funding round, with participation from W-5 Group and 6nine26 as well as existing investors Hard Facts, Florida Funders, and MacDonald Ventures. The newly-raised capital will be used on the expansion programs, product development, and investment in R&D.
AppliedVR, a Los Angeles, California-based developer of virtual reality technology, has announced a $36 million in Series B funding round. This brings the total funding raised to $71 million. The investment round was led by VC firms F-Prime Capital, SVB Ventures, JAZZ Venture Partners, and Sway Ventures.