Yankee Bean Counting Worth $3 billion To A U.K. Investment Firm
John Gannon
Founder (Venture5 Media & V5 Summit, GoingVC) + Investor (Angel, LP, Syndicate Lead)
Greetings, dear reader! If you were at our SF Summit in person last week, great to talk to you again so soon. If not, we hope you are able to make it next year.
Lots of investment moves were made ahead of this long weekend in the U.S., so let's get right to it.
John
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??LAST WEEK IN REVIEW??
The pie chart below displays the distribution of investment across different funding stages for the 29 of 37 U.S. deals where such details were provided.
?? SOURCING IDEAS ??
Companies that had raises reported ~1 year ago, on or around May 26, 2023
???? Lifeforce, a Santa Monica, CA-based wellness platform, raised $12 million in a Series A funding round co-led by Peterson Ventures and M13, with participation from Ridgeline Ventures, Rosecliff Ventures and Seaside Ventures.
?? Thrive Health Tech, a Nashville, TN-based developer of mobile tech solutions for health care, raised $7 million in a funding round from Frist Cressey Ventures, CVS Health Ventures, 25m Health, Shields Health Innovations and Winter Street Ventures.
?? LeadOptik, a San Jose, CA-based medical imaging startup focused on early cancer detection, raised $5 million in a Seed funding round led by MetaVC Partners, with participation from SOSV, Sony Innovation Fund, TSVC and ENEA.
??LAST WEEK’S MOST POPULAR LINK??
??? Voxel51, an Ann Arbor, MI-based visual AI startup, raised $30 million in a Series B funding round led by Bessemer Venture Partners, with participation from Tru Arrow Partners, Drive Capital, Top Harvest Capital, Shasta Ventures and ID Ventures.
?? M&A ??
?? Hg, a London, U.K.-based financial investment firm, acquired AuditBoard, a Cerritos, CA-based provider of audit and risk management software which had raised $43.6 million from Battery Ventures and other investors, for over $3 billion.
?? Autodesk, a San Francisco, CA-based publicly traded software design platform, acquired Wonder Dynamics, a Los Angeles, CA-based developer of VFX solutions for indie filmmakers that had raised over $10 million from Sunset Ventures, Founders Fund, Realize Tech Fund, Capital Factory, MaC Venture Capital and individual investors, for an undisclosed amount.
?? Biogen, a Cambridge, MA-based publicly traded biotechnology company, acquired Hi-Bio, a South San Fracisco, CA-based biotechnology company focused on immune-mediated diseases which had raised ~$217 million from Arch Venture Partners, Monograph Capital, Viking Global Investors, Arkin Holdings, Alpha Wave Global and Jeito Capital, for >$1.8 billion in cash (including $1.15 billion upfront).
?? Centivo, a Buffalo, NY-based health plan for self-funded employers which has raised ~$150 million from Morgan Health, B Capital Group, Maverick, Bain Capital Ventures, Company Ventures, Define Ventures, F-Prime Capital, HarbourVest Partners, Ingleside Investors, Nassau Street Ventures and other investors, acquired Eden Health, a New York, NY-based primary care and insurance navigation company which had raised $140 million from Insight Partners, Meteor MCCK, MVP Capital Partners, Flexcap, Bossanova Investimentos, Amigos Health, Company Ventures, Max Ventures, PJC, Aspect Ventures and Flare Capital Partners, for an undisclosed amount.
?? Doctolib, a Levallois-Perret, France-based administrative SaaS platform for doctors and medical workers which has raised ~$840 million, most recently at a $6+ billion valuation, from Bpifrance Investissement, Eurazeo, General Atlantic and other investors, acquired Aaron.ai, a Berlin, Germany-based digital phone assistant for primary care practices which had raised ~$4 million from BonVenture, Knight Capital, Futury Capital and IBB Ventures, for an undisclosed amount.
?? Bumble, an Austin, TX-based social connections company, acquired Geneva, a New York, NY-based online home for groups, clubs and communities which had raised $36 million from Coatue, Noble Rock Advisors, RRE Ventures and other investors, for an undisclosed amount.
?? Randstad, an Amsterdam, Netherlands-based publicly traded corporate talent management company, acquired Torc, a Boston, MA-based talent marketplace that had raised $5 million in a Seed funding round from Recognize Partners and Asymmetric Capital Partners, for an undisclosed amount.
?? VC DEALS ??
?? Atropos Health, a New York, NY-based clinical decision support startup, raised $33 million in a Series B funding round led by Valtruis, with participation from Breyer Capital, Emerson Collective and Presidio Ventures.
?? Remark, a New York, NY-based shopping guidance platform, raised $10.3 million in a Seed funding round from Spero Ventures, Stripe, Shine Capital, Neo, Sugar Capital and Visible Ventures.
?? OncoveryCare, a Boston, MA-based virtual cancer survivorship care startup, raised $4.5 million in a Seed funding round co-led by .406 Ventures and the McKay Institute for Oncology Transformation.
?? HoundDog.ai, a San Francisco, CA-based health data security and privacy startup, raised $3.1 million in a Seed funding round led by E14 Fund, Mozilla Ventures and Ex/ante.
?? Hydrolix, a Portland, OR-based streaming data lake platform, raised $35 million in a Series B funding round led by S3 Ventures, with participation from Nava Ventures, Wing Ventures, AV8 Ventures and Oregon Venture Fund.
?? Lumos, a San Francisco, CA-based employee identity management startup, raised $35 million in a Series B funding round led by Scale Venture Partners, with participation from Andreessen Horowitz, Harpoon Ventures and Neo.
??? SOCRadar, an Istanbul, Turkey-based provider of threat intelligence and brand protection solutions, raised $25.2 million in a Series B funding round led by PeakSpan Capital, with participation from Oxx.
?? Bolster, a Santa Clara, CA-based provider of multi-channel phishing protection, raised $14 million in a Series B funding round led by M12, with participation from Thomvest Ventures, Crosslink Capital, Liberty Global Ventures, Cheyenne Ventures, Cervin Ventures and Transform Capital.
?? Radar Therapeutics, a Berkeley, CA-based developer of programmable precision medicines, raised $13.4 million in a Seed funding round led by NfX, with participation from Eli Lilly, Biovision Ventures, KdT Ventures, PearVC and BEVC.
??? Footprint, a New York, NY-based company that unifies KYC (Know Your Customer), security and authentication to automate consumer onboarding and reduce identity fraud, raised $13 million in a Series A funding round led by QED Investors, with participation from Index Ventures, Lerer Hippeau, Operator Partners, BoxGroup, Palm Tree Capital, Definition, Neo and Animal Capital.
?? Harbinger, a Los Angeles, CA-based commercial electric truck maker, raised $13 million from the Coca-Cola System Sustainability Fund managed by Greycroft.
?? Majority, a Miami, FL-based immigrant-focused neobank, raised $12.5 million in a Series B equity funding round co-led by individual investors, with participation from Valar Ventures, Heartcore Capital and Avid Ventures, as well as $7.5 million in debt financing from an undisclosed bank, bringing the total amount of equity raised to date to $90 million.
? ThinkLabs AI, a New York, NY-based specialized AI development and deployment company, raised $5 million in a funding round co-led by Powerhouse Ventures and Active Impact Investments, with participation from Blackhorn Ventures, Amplify Capital and Mercuria Energy.
领英推荐
?? AltruBio, a San Francisco, CA-based biotech focused on immunological diseases, raised up to $225 million in a Series B funding round led by BVF Partners, with participation from RA Capital Management, Cormorant Asset Management, Soleus Capital, aMoon Fund and Blackstone.
?? Farcaster, a San Francisco, CA-based decentralized social media protocol, raised $150 million in a funding round from Paradigm, with participation from a16z crypto, Haun Ventures, USV, Variant and Standard Crypto.
?? Suno, a Cambridge, MA-based AI-driven music creation startup, raised $125 million at a $500 million valuation in a Series B funding round led by Lightspeed, with participation from Matrix Partners, Founder Collective and individual investors.
?? Tuesday Health, a Nashville, TN-based value based supportive care startup, raised $60 million in a funding round led by Valtruis, with participation from Blue Venture Fund, Mass General Brigham Ventures and CareSource.
?? Boulder Care, a Portland, OR-based virtual addiction treatment startup, raised $35 million in a Series C funding round led by Stripes, with participation First Round Capital, Qiming Venture Partners and Laerdal Million Lives Fund.
?? Aerodome, a New York, NY-based company bringing the future of air support to public safety agencies, raised $21.5 million in a Series A funding round led by CRV, with participation from a16z, Karman Ventures Ford Street Ventures and individual investors.
? Verse, a San Francisco, CA-based energy management software startup, raised $20.5 million in a Series A funding round led by GV, with participation from Coatue, CIV and MCJ Collective.
?? SamaCare, a San Francisco, CA-based provider of a cloud-based patient access platform for specialty medications, raised $17 million in a Series B funding round led by Questa Capital, with participation from Vive Collective and South Park Commons.
?? Ketos, a San Francisco, CA-based water data provider, raised $10 million in a funding round led by Tenfore Holdings, with participation from Danu Venture Group, Broadway Angels, Plum Alley Ventures, Plug and Play Ventures and Accenture.
?? Traction Ag, an Auburn, IN-based provider of accounting software for the agriculture market, raised $10 million in a Series A funding round led by Cooperative Ventures, with participation from CHS and Growmark.
?? Subeca, a Richardson, TX-based water metering tech developer, raised $6 million in a Series A funding round led by Suez, with participation from Climate Pledge Fund and Burnt Island Ventures.
???? Superpower, a Los Angeles, CA-based personal health optimization startup, raised $4 million in a Seed funding round led by Susa Ventures, with participation from Long Journey Ventures, Family Fund, Atman VC, 24 Carrot VC, Focalpoint Partners, Seaside Ventures and individual investors.
?? TadHealth, an Irvine, CA-based crisis intervention and mental health care management solution for businesses, institutions and organizations, raised $1.6 million in a funding round led by Halcyon Venture Partners, with participation from USC Viterbi School of Engineering Venture Fund, Halcyon Angels and RevFund.
?? Skribe.ai, an Austin, TX-based legal tech platform, raised $3.5 million in a funding round from undisclosed investors.
?? Volt, a Tulsa, OK-based SMS messaging infrastructure platform, raised $3 million in a Seed funding round led by Mercury Fund, with participation from Atento Capital, Uncorrelated Ventures, Stout Street Capital and Yellow Rocks.
? H (fka Holistic AI), a Paris, France-based AI startup working on frontier action models, raised $220 million in a Seed funding round from Accel, Bpifrance, Creandum, Elaia Partners, Eurazeo, FirstMark Capital and Visionaries Club.
? Scale AI, a San Francisco, CA-based AI data labeling company, raised $1 billion at a $14 billion valuation in a funding round led by Accel, with participation from Y Combinator, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, NVIDIA, Tiger Global Management, Greenoaks, Wellington Management, Cisco Investments, DFJ Growth, Intel Capital, ServiceNow Ventures, AMD Ventures, WCM, Amazon, Meta and individual investors.
?? 280 Earth, a Mountain View, CA-based direct air capture startup, raised $50 million in a Series B funding round led by Builders VC, with participation from Alphabet and individual investors.
? XGS Energy, a Palo Alto, CA-based geothermal energy company, raised $20 million in additional Series A funding led by Valo Ventures and VoLo Earth Ventures, with participation from B Current Impact Investment, MIH Capital and Thin Line Capital.
??? Aeromine Technologies, a Houston, TX-based rooftop wind energy company, raised $9 million in a Series A funding round led by Veriten, with participation from Thornton Tomasetti and family offices.
??? Tenon, an Indianapolis, IN-based provider of marketing solutions built on ServiceNow, raised $8 million in a Series A funding led by High Alpha and StepStone Group, with participation from ServiceNow Ventures.
?? infinitform, a Los Angeles, CA-based GenAI copilot for manufacturing, raised $2.25 million in a Seed funding round led by Schematic Ventures.
?? R3 Vascular, a Mountain View, CA-based developer of a stent for peripheral artery disease, raised $87 million in a Series B funding round led by Deerfield Management, with participation from 415 Capital.
?? Neros, a Los Angeles, CA-based autonomous military drone developer, raised $10.9 million in a Seed funding round from Sequoia Capital.
?? Overland AI, a Seattle, WA-based provider of off-road ground vehicle autonomy solutions for the defense sector, raised $10 million in a seed funding round led by Point72 Ventures, with participation from Shasta Ventures, Ascend VC, Pioneer Square Labs, Voyager Capital and Cubit Capital.
?? Teal, a New York, NY-based platform that helps SMB software companies build accounting products for their customers, raised $8 million in a Seed funding round led by Torch Capital, with participation from Basis Set Ventures, General Advance and Dash Fund.
? PolyAI, a London, U.K.-based company that creates AI-powered conversational assistants for customer service automation, raised $50 million in a Series C funding round led by Hedosophia, NVentures and Zendesk, with participation from Khosla Ventures, Georgian, Point72 Ventures, Sands Capital and Passion Capital, bringing the total amount raised to date to $120 million.
If you are based in the U.S., we turst you are enjoying an extra day of R&R today and are staying safe in inclement weather. We'll be back in your Feed at the same time next Monday.
Until then.
John
John Gannon // Venture5 Media // VC Deals
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