The Weekly Notable Startup Funding Report: 11/23/20 – AlleyWatch

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Abnormal Security

$50.0M – Series B

San Francisco-based Abnormal Security is a San Francisco-based email security company that protects enterprises from targeted email attacks. Founded by Evan Reiser and Sanjay Jeyakumar in 2018, Abnormal Security has now raised a total of $74.0M in total equity funding and investors in this round include Greylock and Menlo Ventures.

Aclima

$40.0M – Series B

San Francisco-based Aclima delivers hyperlocal air quality data and insights to improve human and planetary health. Founded by Davida Herzl and Reuben Herzl in 2007, Aclima has now raised a total of $64.0M in total equity funding and investors in this round include ACVC Partners, Clearvision Ventures, GingerBread Capital, Kapor Capital, KTB Network, Microsoft Climate Innovation Fund, Plum Alley, Rethink Impact, Robert Bosch Venture Capital, Schmidt Family Foundation, Social Capital, Splunk, and WomensVCFund.

Afresh Technologies

$13.0M – Series A

San Francisco-based Afresh is an AI-powered company selling software to track demand and manage orders for fresh produce in grocery stores. Founded by Matt Schwartz, Nathan Fenner, and Volodymyr Kuleshov in 2017, Afresh Technologies has now raised a total of $32.8M in total equity funding and investors in this round include Baseline Ventures, Food Retail Ventures, Innovation Endeavors, and Maersk Growth.

AliveCor

$65.0M – Series E

Mountain View-based AliveCor is an FDA-cleared mobile heart solution that helps save lives, save money, and brings healthcare into the 21st century. Founded by Bruce Satchwell, David Albert, and Kim Barnett in 2010, AliveCor has now raised a total of $134.3M in total equity funding and investors in this round include Bold Capital Partners, Khosla Ventures, Omron Healthcare, Qualcomm Ventures, and WP Global Partners.

Chooch AI

$20.0M – Series A

San Francisco-based Chooch AI is the horizontal visual Al platform that quickly replicates human visual tasks and processes with AI on the edge & in the cloud. Founded by Emrah Gultekin and Hakan Gultekin in 2015, Chooch AI has now raised a total of $22.8M in total equity funding and investors in this round include 212, Alumni Ventures Group, Streamlined Ventures, Vickers Venture Partners, and Waterman Ventures.

DataRobot

$270.0M – Series F

Boston-based DataRobot brings AI technology and ROI enablement services to global enterprises. Founded by Jeremy Achin and Thomas DeGodoy in 2012, DataRobot has now raised a total of $700.6M in total equity funding and investors in this round include Altimeter Capital, B Capital Group, BlackRock, ClearBridge Investments, Glynn Capital Management, New Enterprise Associates, Sapphire Ventures, Silver Lake, T. Rowe Price, and Tiger Global Management.

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Encantos

$5.7M – Seed

Culver City-based Encantos is an ed-tech company creating direct-to-consumer brands for kids powered by a subscription-led blended learning platform. Founded by Carlos Hoyos, Nuria Santamaria Wolfe, Steven Wolfe Pereira, and Susie Jaramillo in 2016, Encantos has now raised a total of $8.5M in total equity funding and investors in this round include Angeles Investors, Baron Davis, Concrete Rose Capital, Human Ventures, Kapor Capital, MathCapital, Metrodora Ventures, Next Play Ventures, Patty Arvielo, Portfolia, Precursor Ventures, Revolution’s Rise of the Rest Seed Fund, Sol Trujillo, and Spencer Rascoff.

Farmstead

$7.9M – Series A

San Francisco-based Farmstead is an artificial intelligence-powered farm to doorstep grocery delivery startup. Founded by Kevin Li and Pradeep Elankumaran in 2016, Farmstead has now raised a total of $15.0M in total equity funding and investors in this round include 19YORK, Aidenlair Capital, Duro Ventures, Gelt VC, Heron Rock Fund, Maple VC, Red Dog Capital, and Y Combinator.

Flyreel

$10.0M – Series A

Denver-based Flyreel, AI for self-service property inspections & claims Founded by Cole Winans, Laurie Kuhn, and Randy Hamilton in 2016, Flyreel has now raised a total of $16.0M in total equity funding and investors in this round include DONAN, Gradient Ventures, Guidewire Software, IA Capital Group, and State Auto Labs.

Forter

$125.0M – Series E

New York-based Forter offers a fraud solution that helps retailers grow sales, lower costs, and improve customer experience via its Decision as Service. Founded by Alon Shemesh, Liron Damri, and Michael Reitblat in 2013, Forter has now raised a total of $225.0M in total equity funding and investors in this round include Bessemer Venture Partners, Commerce Ventures, Felix Capital, Itai Tsiddon, March Capital, NewView Capital, Scale Venture Partners, and Sequoia Capital Israel.

maude

$2.2M – Seed

Brooklyn-based Maude Group produces sex wellness essentials that encourage a happy and healthy sex life. Founded by Eva Goicochea in 2018, maude has now raised a total of $4.3M in total equity funding and investors in this round include Benjamin Millepied, Brad Handler, CASSIUS Family, Cedric Aumonier, Dakota Johnson, Nik Sharma, Outbound Ventures, Patina Brands, RRE Ventures, Steven Alan, True., Tune House Capital, and Vice Ventures.

HOVER

$60.0M – Series D

San Francisco-based HOVER is a 3D data and technology company for home improvement and property insurance professionals. Founded by A.J. Altman and Ross Hangebrauck in 2011, HOVER has now raised a total of $122.1M in total equity funding and investors in this round include Alsop Louie Partners, FinSight Ventures, Guidewire Software, GV, Menlo Ventures, Nationwide Insurance, Standard Industries, State Farm Ventures, and Travelers Insurance.

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K Health

$42.0M – Series D

New York-based K Health is a data-driven digital primary care system that uses AI to deliver personalized primary care. Founded by Adam Singolda, Allon Bloch, Israel Roth, and Ran Shaul in 2016, K Health has now raised a total of $139.3M in total equity funding and investors in this round include 14W, Atreides Management, LP, Marcy Venture Partners, Max Ventures, PICO Venture Partners, and Valor Equity Partners.

AlleyWatch published an exclusive interview with Danielle Eddleston, VP of Marketing, on this round – K Health Raises $42M for its Free Medical Intelligence Platform Powered by Billions of Data Points

Klaviyo

$200.0M – Series C

Boston-based Klaviyo is a marketing automation and email platform designed to help grow businesses. Founded by Andrew Bialecki and Ed Hallen in 2012, Klaviyo has now raised a total of $358.5M in total equity funding and investors in this round include Accel and Summit Partners.

Medable

$91.0M – Series C

Palo Alto-based Medable is transforming clinical research and predictive medicine by creating a platform powered by patient-generated data. Founded by James Sas, Michelle Longmire, Perry Robinson, and Tim Smith in 2015, Medable has now raised a total of $124.6M in total equity funding and investors in this round include GSR Ventures, Pharmaceutical Product Development, Sapphire Ventures, and Streamlined Ventures.

MindTickle

$100.0M – Series D

San Francisco-based MindTickle is a software company that offers sales readiness and enablement tools for businesses. Founded by Deepak Diwakar, Krishna Depura, Mohit Garg, and Nishant Mungali in 2011, MindTickle has now raised a total of $181.3M in total equity funding and investors in this round include Accel, Canaan Partners, New Enterprise Associates, NewView Capital, Norwest Venture Partners, Qualcomm Ventures, and SoftBank Vision Fund.

MycoWorks

$45.0M – Series B

Emeryville-based MycoWorks is a biotech company that delivers commercially viable non-plastic and non-animal materials to the market. Founded by Philip Ross and Sophia Wang in 2013, MycoWorks has now raised a total of $62.0M in total equity funding and investors in this round include 8VC, AgFunder, Data Collective DCVC, Gruss & Co, Humboldt Fund, John Legend, Natalie Portman, Novo Holdings, SOSV, Tony Fadell, Valor Equity Partners, Wireframe Ventures, and WTT Investment.

Collect a Pair of Beats Headphones and Learn More about Upgrading Your IT Support with Electric

Beat sub-par IT support with Electric. If your company has between 15-500 employees, has operations in the US, and you can make decisions about IT, Electric – the world’s first real-time support and IT Management Platform for small and mid-sized businesses – will gift you a pair of Beats Solo3 Wireless Headphones when you book a meeting with an Electric IT specialist before December 31st, 2020. Why? So we can show you why traditional IT support is no match for Electric.

SCHEDULE A MEETING + COLLECT YOUR PAIR OF BEATS SOLO3 HEADPHONES

NestEgg

$7.0M – Series A

Chicago-based NestEgg is a real estate company that helps independent real estate investors create wealth by streamlining the property management process. Founded by Amie O’ Donohue, Eachan Fletcher, and Jeff Slipko in 2017, NestEgg has now raised a total of $9.9M in total equity funding and investors in this round include BAM Ventures, Bonfire Ventures, Dreamit Ventures, Financial Venture Studio, Hyde Park Angels, and Hyde Park Venture Partners.

OpenPhone

$14.0M – Series A

San Francisco-based OpenPhone offers a phone app that lets users seamlessly get a business phone number without a second phone or a second SIM card. Founded by Daryna Kulya and Mahyar Raissi in 2018, OpenPhone has now raised a total of $16.1M in total equity funding and investors in this round include Brianne Kimmel, Chapter One Ventures, Craft Ventures, Elad Gil, Garage Capital, Jeff Morris Jr., Kindred Ventures, Rahul Vohra, Slow Ventures, Todd Goldberg, and Y Combinator.

PingCAP

$270.0M – Series D

San Mateo-based PingCAP is a developer of an open-source, distributed SQL database for real-time analytics. Founded by Dylan Cui, Edward Huang, and Max Liu in 2015, PingCAP has now raised a total of $341.6M in total equity funding and investors in this round include 5Y Capital, Access Technology Ventures, Anatole, Bertelsmann Asia Investments, Coatue, FutureX Capital, GGV Capital, Jeneration Capital, KUNLUN, Matrix Partners China, Trustbridge Partners, and Yunqi Partners.

Spring Health

$76.0M – Series B

New York-based Spring Health provides employers with a comprehensive and effective solution for employee mental well-being. Founded by Abhishek Chandra, Adam Chekroud, and April Koh in 2016, Spring Health has now raised a total of $106.0M in total equity funding and investors in this round include Able Partners, Breanna Stewart, GingerBread Capital, Kyle Lowry, Northzone, Operator Partners, Rethink Impact, SemperVirens, The William K. Warren Foundation, Tiger Global Management, True Capital Management, and Work-Bench.

AlleyWatch published an exclusive interview with Koh on this round – Spring Health Raises $76M to Make Mental Health Treatment an Employee Benefit

Strava

$110.0M – Series F

San Francisco-based Strava is an online network where runners and cyclists can record their activities, compare performance, and compete with their community. Founded by Mark Gainey, Mark Shaw, and Michael Horvath in 2009, Strava has now raised a total of $151.9M in total equity funding and investors in this round include Dragoneer Investment Group, Go4it Capital, Jackson Square Ventures, Madrone Capital Partners, Sequoia Capital, and TCV.

Udemy

$50.0M – Series F

San Francisco-based Udemy is an online learning platform that helps students, companies, and governments gain the skills they need to reach their goals. Founded by Eren Bali, Gagan Biyani, and Oktay Caglar in 2009, Udemy has now raised a total of $273.0M in total equity funding and investors in this round include Learn Capital and Tencent Holdings.

Verbit

$60.0M – Series C

New York-based Verbit uses smart AI technology to disrupt captioning and transcription with speed and automation. Founded by Eric Shellef, Kobi Ben Tzvi, and Tom Livne in 2017, Verbit has now raised a total of $125.0M in total equity funding and investors in this round include ClalTech, HV Capital, Sapphire Ventures, Stripes, Vertex Growth Fund, and Vertex Ventures.

ZenBusiness

$55.0M – Series B

Austin-based Zenbusiness offers business products and services that help business owners in starting, running, and growing a business. Founded by JC Glancy, Rafael Lopez, Ross Buhrdorf, and Shanaz Hemmati in 2015, ZenBusiness has now raised a total of $74.5M in total equity funding and investors in this round include ATX Venture Partners, Breyer Capital, Cathay Innovation, GreatPoint Ventures, Greycroft, Interlock Partners, Lerer Hippeau, Mark VC, and Omega Venture Partners.

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