Silicon Valley Funding News - Week of September 20, 2021. Persona Raised $150M Series C led by Founders Fund

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Happy Monday!

I just committed to speak at Web Summit Lisbon this year on November 1-4. Yes I am traveling! My very first international flight after almost 2 years.

Check out this 20VC interview with Sequoia’s Doug Leone. It’s inspiring for me as a baby VC (I am only 7 years into this business) to think about building and scaling the firm over generations. Love their foresight expanding into China in 2005. As investors, we are defined by the next investment we make. We need to stay humble, empathetic and open minded.

The rules of the game in Hong Kong have changed for the real estate tycoons. Will CK Asset, Henderson Land Development, Sun Hung Kai Properties, and New World Development shift their strategies from real estate to tech? Congrats to Danny Yeung and team Prenetics for going public on Nasdaq via New World's SPAC.

I had a fun encounter with the Boston Dynamic’s 🐶 Doggie this past week. We had a fight and I won!

Race Capital portfolio companies are hiring! Check out our job board.

P.S. Join me on October 4th at FoundersHK Demo Day.

This week a total of 34 startups raised $1.43B in funding, 1 M&As:

$494.9M goes to 10 Enterprise startups
$105.5M goes to 7 FinTech startups
$75M goes to 3 Crypto startups
$100M goes to 2 HR startups
$55M goes to 1 E-Commerce startup
$35M goes to 1 Hardware startup
$3.8M goes to 1 FoodTech startup
$40M goes to 1 eSports startup
$125M goes to 1 Real Estate startup
$80M goes to 1 Construction startup
$26M goes to 1 Logistics startup
$75.3M goes to 3 Healthcare startups
$110M goes to 2 BioTech startups
$100M goes to 1 Renewal Energy startup

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Edith

See more details below:

Funding (300 miles radius from Silicon Valley)

Enterprise

Persona (identity infrastructure) raised $150M Series C led by Founders Fund
Sendoso (corporate gifting platform) raised $100M Series C led by SoftBank Vision Fund
strongDM (infrastructure access platform) raised $54M Series B led by Tiger Global Management
LevaData (supply management platform) raised $47M Series C led by Banneker Partners
Glean (intuitive work assistant) raised $39.7M Series B led by General Catalyst
Relyance (privacy compliance) raised $25M Series A led by Unusual Ventures, Menlo Ventures
StreamNative (data streaming service) raised $23.7M Series A led by Prosperity7
Ketch (privacy data control platform) raised $20M Series A led by Acrew Capital
Mutiny (B2B personalization platform) raised $18.5M Series A led by Sequoia Capital
Pyxis One (marketing and consumer intelligence) raised $17M Series B led by Celesta Capital, Premjilnvest

FinTech

Landed (home loans for essential professionals) raised $31M Series B led by Learn Capital, Navitas Capital
Bright Money (personal wealth management platform) raised $31M Series A led by Falcon Edge Capital, Hummingbird Ventures, Sequoia Capital
Peace Finance (SaaS-based loan servicing platform) raised $20M Series A led by Canapi Ventures
TomoCredit (credit for first time borrowers) raised $10M Series A led by Kapor Capital, KB Investment
XMargin (zero-knowledge credit risk platform) raised $8M Series A led by Coinbase Ventures, HashKey Capital, The Spartan Group
Ascend (insurance payments platform) raised $5.5M Seed led by First Round Capital

Crypto

Abra (cryptocurrency wealth management platform) raised $55M Series C led by Blockchain Capital, IGNIA
Amberdata (digital asset data) raised $15M Series A led by Citi
Stardust (NFT payments in games) raised $5M Series A led by Framework Ventures

Canvas (diversity recruitment platform) raised $50M Series C led by Owl Ventures
CodeSignal (tech hiring assessment platform) raised $50M Series C led by Index Ventures

E-Commerce

Constructor (e-commerce recommendation engine) raised $55M Series A led by Silversmith Capital Partners

FoodTech

Immi (plant-based instant ramen) raised $3.8M Seed led by Siddhi Capital

eSports

Sleeper (sports platform for fantasy leagues) raised $40M Series C led by Andreessen Horowitz

Real Estate

Pacaso (second home real estate platform) raised $125M Series C led by SoftBank Vision Fund

Construction

Versatile (construction jobsite performance data) raised $80M Series B led by Insight Partners

Hardware

Deep Vision (AI accelerator chip) raised $35M Series B led by Tiger Global Management

Logistics

Ambi Robotics (logistics robotics) raised $26M Series A led by Tiger Global Management

Healthcare

RecoveryOne (virtual physical therapy solution) raised $33M Series C led by Cobalt Ventures, TELUS Ventures
Rune Labs (brain data software platform) raised $22.8M Series A led by Eclipse Ventures
Safely You (AI-enabled fall detection and prevention for dementia care) raised $19.5M Series A led by Eclipse Ventures

BioTech

Allay Therapeutics (ultra-sustained pain management platform) raised $60M Series C led by Arboretum Ventures
Walking Fish Therapeutics (B cell engineering) raised $50M Series A led by Emerson Collective, Illumina Ventures, Quan Capital

Renewal Energy

EnerVenue (nickel-hydrogen batteries) raised $100M Series A led by Schlumberger

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

Earnest acquired Going Merry (student financial aid)

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