Silicon Valley Funding News - Week of July 26, 2021. FTX Raised $900M Series B

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Congrats to Sam Bankman-Fried and FTX team for raising $900M Series B at $18 billion valuation. It’s been an honor to partner with the team since 2019 and happy to participate in this round. FTX is building the future of crypto, and I am super excited for my first Decacorn investment =)

Here are some highlights:
⛳️ FTX was founded in May 2019
💰 Raised $900M from Sequoia Capital and Softbank Vision Fund
♻️ $10B daily trading volume
📈 75X growth from 2020 (in volume)
👥 1M+ registered users

P.S. I am hosting a FoundersHK workshop on the topic of How to Build an eCommerce Brand with Frost Li (former head of growth at Wish) tonight. Join us!

This week a total of 39 startups raised $ 2.6928B in funding, 4 M&As:

$248.4M goes to 12 Enterprise startups
$72.2M goes to 5 FinTech startups
$100M goes to 1 InsurTech startup
$921M goes to 2 Crypto startups
$12.5M goes to 1 Mobile startup
$25M goes to 2 HR startups
$80M goes to 1 Marketplace startup
$24M goes to 1 Education startup
$513M goes to 4 Healthcare startups
$121.5M goes to 3 BioTech startups
$36M goes to 2 Renewable Energy startups
$93M goes to 2 Food & Beverage startups
$430M goes to 1 AgTech startup
$16.2M goes to 2 Other startups

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Edith

See more details below:

Funding (300 miles radius from Silicon Valley)

Enterprise

Mural (digital collaboration software) raised $50M Series C from Insight Partners and Tiger Global
Sonatus (software-defined vehicle) raised $35M Series A led by Translink Capital
Safe Security (cyber risk management) raised $33M Series B led by BT Group
Zenput (operations execution solution) raised $27M Series C led by Golub Capital
Magic (decentralized identity authentication) raised $27M Series A led by Northzone
Cube Dev (open-source data API platform) raised $15.5M Series A led by Decibel Partners
BlueOcean (SaaS for brand insights) raised $15M Series A led by Insight Partners
Simfoni (spend management) raised $15M Series B led by PeakSpan Capital
Atom Computing (quantum computing system) raised $15M Series A led by Innovation Endeavors, Prelude Ventures
Guidewheel (cloud-powered factory operations) raised $8M Series A led by Greycroft
Spreadsheet.com (put apps in spreadsheets) raised $5.5M Seed led by First Round Capital, Spark Capital
Warmly (people insights with Zoom app) raised $2.4M Seed from Maven Ventures and F-Prime Capital

FinTech

Paystand (blockchain-enabled no fee B2B payments) raised $50M Series C led by Newview Capital
Prodigal (loan servicing and collection) raised $12M Series A led by Menlo Ventures
Allocate (venture capital fund access) raised $5M Seed from Urban Innovation Fund, Tusk Venture Partners, Basis Set Ventures, Liquid2 Ventures, Fika Ventures, Ulu Ventures, Anthemis Group and Broadhaven Ventures.
Ntropy Network (financial transaction data labeling platform) raised $3.2M Seed led by QED Investors
Global Predictions (macroeconomics forecasting) raised $2M Seed from Village Global, Morado Ventures and AME Cloud Ventures

InsurTech

Ethos (life insurance provider) raised $100M Series D led by SoftBank Vision Fund

Crypto

FTX (cryptocurrency derivatives exchange) raised $900M Series B led by Sequoia Capital and Softbank Vision Fund
Thesis (crypto venture studio) raised $21M Series A from ParaFi Capital, Nascent, and Polychain Capital

Mobile

Miles (universal travel rewards app) raised $12.5M Series A led by Scrum Ventures

HR

Dover (recruitment orchestration platform) raised $20M Series A led by Tiger Global Management
Mesh (people management platform) raised $5M Seed led by Surge

Marketplace

Sundae (residential real estate marketplace) raised $80M Series C led by Fifth Wall, General Global Capital

Education

SoloLearn (mobile-first coding education app) raised $24M Series B led by Drive Capital

Renewable Energy

Natel Energy (renewable hydropower) raised $20M Series B led by Breakthrough Energy Ventures
Camus Energy (grid management technology) raised $16M Series A led by Park West Asset Management

Food & Beverage

Nobell Foods (plant-based cheese) raised $75M Series B led by Breakthrough Energy Ventures
Urban Remedy (plant-based organic prepared meals) raised $18M Series D led by Manna Tree

Healthcare

Carbon Health (virtual healthcare) raised $350M Series D led by Blackstone Group
Woebot Health (digital therapeutics for mental health) raised $90M Series B led by Jazz Venture Partners, Temasek Holdings
NeuSpera Medical (implantable medical device) raised $65M Series C led by Treo Ventures, Vertex Ventures HC
Zone7 (human performance platform) raised $8M Series A led by Blumberg Capital

BioTech

Frontier Medicines (chemoproteomics drug discovery platform) raised $88.5M Series B led by Woodline Partners and RA Capital
Slingshot (on-demand synthetic cell platform) raised $23M Series A led by Northpond Ventures
Aromyx (digital scent and taste technology) raised $10M Series A led by Rabobank Food & Agri Innovation Fund, Sozo Ventures

AgTech

Pivot Bio (synthetic fertilizers in agriculture) raised $430M Series D led by DCVC and Temasek

Other

ClimateAI (climate risk modeling) raised $12M Series A led by Radical Ventures
Breakr (social marketing app for musicians) raised $4.2M Seed led by Slow Ventures

IPO & M&A (300 miles radius from Silicon Valley)

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Silicon Valley Funding News - Week of July 26, 2021. FTX Raised $900M Series B

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Silicon Valley Funding News - Week of July 19, 2021. Remote Raised $150M Series B

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Silicon Valley Funding News - Week of July 5, 2021. Moveworks Raised $200M Series C

Silicon Valley Funding News - Week of June 28, 2021. Incorta Raised $120M Series D

Silicon Valley Funding News - Week of June 21, 2021. IRL Raised $170M Series C led by SoftBank Vision Fund

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