Silicon Valley Funding News - Week of February 8, 2021. Vivino Raised $155M Series D

Hello from the sunny and (finally open for outdoor dining) San Francisco!  

As I mentioned last week, quite a few prominent tech companies like Twitter, Square, Brex, Slack, Facebook, and Apple are all turning into remote-first and distributed companies. 

With high-speed internet, reliable video communication, and real-time file sharing, I am seeing many exciting startups that are enabling this new world of distributed society. I really like this market map by CBInsights, which captures most of the application level companies but it's missing security, data privacy, middleware, and server infrastructure that empowers these enterprise applications. 

• Messaging & Chat - Slack and Microsoft Team challengers
• Video Conferencing - Zoom,  Skype, and Webex challengers
• Documentation & Knowledge - Google docs and Notion challengers
• Virtual Office - These startups are trying to replace the water cooler motions for remote teams
• Project Management
• Productivity & Workspace
• Collaborative Design - Figma challengers
• Collaborative Software Dev
• Team Analytics  

If you are working on a startup in the remote work sector I would love to chat with you. Send me a note (edith@race.capital)!

This week a total of 31 startups raised $781.7M in funding, 6 exits:

• $274.7M goes to 13 Enterprise startups
• $171.4M goes to 3 Mobile startups
• $15.3M goes to 3 FinTech startups
• $6.6M goes to 1 InsurTech startup
• $10.5M goes to 1 HR startup
• $110M goes to 1 Real Estate startup
• $100M goes to 1 Food Delivery startup
• $7M goes to 1 Wellness startup
• $4M goes to 1 eCommerce startup
• $33.9M goes to 3 Healthcare startups
• $4.4M goes to 1 BioTech startup
• $38.4M goes to 1 Manufacturing startup
• $5.5M goes to 1 Gaming startup