PitchBook News - Shutdowns didn&#x27;t stop VC mobility deals

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Nanox wraps up $100M+ round

Medical imaging startup Nanox has raised more than $100 million from investors including SK Telecom, Industrial Alliance, Foxconn and Yozma Korea. Based in Israel, Nanox is the developer of a digital X-ray imaging system designed to provide affordable early detection of medical conditions. The funds will be used primarily to deploy the company's technology throughout the globe.

Stack Overflow brings in $85M

New York-based Stack Overflow has raised $85 million in a Series E led by Singapore sovereign wealth fund GIC. Silver Lake Waterman, Andreessen Horowitz, Index Ventures, Spark Capital and Union Square Ventures also took part in the round. The money will be used to develop the company's SaaS collaboration software, Stack Overflow for Teams, which has over 200,000 paid users at companies including Bloomberg, Microsoft and Zapier.

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Kleiner Perkins leads $51M round for Density

Density, the provider of a platform that anonymously measures how people use space in real time, has raised a $51 million Series C from lead investor Kleiner Perkins, with support from 01 Advisors, Founders Fund, Upfront Ventures and others. Based in San Francisco, the startup helps companies limit building capacity, reduce waste and manage occupancy. Kleiner Perkins partner Ilya Fushman will join Density's board.

Additional Investors:

Launch, Ludlow Ventures, LPC Ventures, DTA

ComplyAdvantage picks up $50M

ComplyAdvantage has raised a $50 million Series C led by Ontario Teachers' Pension Plan, with participation from Index Ventures and Balderton Capital. The London-based startup uses AI to help manage compliance and security risk. It was valued at $141 million in January 2019, according to PitchBook data.

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True Link raises $35M Series B

Fintech startup True Link has collected $35 million in a Series B led by Khosla Ventures and Centana Partners. Based in San Francisco, with offices in New York and Denver, the startup offers Visa prepaid cards, investment management services and other financial products to older adults, people with disabilities and those recovering from addiction.

Explorium gets $31M for data science platform

Data science specialist Explorium has secured $31 million in financing led by Zeev Ventures. 01 Advisors, Dynamic Loop, Emerge and F2 Capital also participated in the Series B round. Explorium is the developer of an automated platform that helps companies create predictive models using internal and external data. The San Francisco-based startup has now raised around $50 million in total private funding.

Weather forecasting startup shines with $23M

Weather forecasting company ClimaCell has raised $23 million in a Series C co-led by Pitango Growth and Square Peg Capital. Founded in 2016, the Boston-based startup has raised more than $100 million in total funding. Customers that use its predictive weather technology include Uber, Delta and Ford.

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Portfolio Companies

Revel suspends NYC moped service after series of accidents

Revel has shut down its electric moped-sharing service in New York City until further notice, with plans to review its safety standards and rider accountability, according to a company tweet. The move comes after two people riding on Revel mopeds in New York were reportedly killed in separate accidents, and another rider was critically injured in a different crash. Revel, which also operates in Austin, Miami and other cities, is backed by Ibex Investors, Blue Collective and LaunchCapital, among others.

Procore cuts jobs after raising additional capital

Construction tech company Procore is cutting a "single-digit percentage" of jobs as part of what it called a business transformation plan. Procore has nearly 2,000 employees. In May, the company delayed plans for an IPO, but it hasn't ruled out going public this year, according to Bloomberg. Procore said its cash position is strong; it recently raised over $160 million in an extension to its Series I.

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Investors

Seahawks star joins new Seattle VC firm

Fuse Venture Partners, a new Seattle-based venture capital firm, has launched a fund to invest in seed and Series A startups in its home city. Two longtime venture partners at Ignition, Kellan Carter and Cameron Borumand, will head up Fuse. Seattle Seahawks star linebacker Bobby Wagner and Microsoft veteran and Ignition managing partner John Connors will be among the members of its advisory team. The firm has received backing from Pacific Northwest-based companies including Microsoft, Amazon, Nike, Starbucks and Costco.