Silicon Valley Funding News - Week of November 22, 2021. Lacework Raised $1.3B Series D

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Hello from Sicily! I am working and spending Thanksgiving week in Sicily. Yes Sicily Italy, not Sicily Ohio. =)

While I am trying relax a bit, tech investing is on fire. Lacework is raising $1.3 billion - the largest funding raise in Q4 led by Altimeter Capital and Tiger Global. A slow week for Tiger with their $8.8B fund. Seed funds are also getting bigger and bigger.

Not only Tesla, Lucid’s market cap is now bigger than Ford and GM. Meanwhile, OpenSea (NFT Marketplace) is offered $10 Billion valuation. Gemini Crypto Exchange is raising at $7 Billion valuation. Unicorns the term now seem so early 2000. =)

I did a fun video interview with CoinTelegraph on why I invested in Solana. Check it out! Our portfolio Polysign (Standard Custody) now supports Solana. Yay!

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

This week a total of 39 startups raised $3.102B in funding, 4 exits:

$2.1127B goes to 20 Enterprise startups
$75M goes to 2 FinTech startups
$94M goes to 1 HR startup
$555M goes to 1 Marketplace startup
$10M goes to 1 Entertainment startup
$10M goes to 1 Gaming startup
$14M goes to 1 Real Estate startup
$26M goes to 1 Autonomous Vehicle startup
$6.1M goes to 1 Logistics startup
$77M goes to 1 Healthcare startup
$21M goes to 2 BioTech startups
$61M goes to 1 AgTech startup
$6.5M goes to 1 Cannabis startup
$12.7M goes to 3 Food and Beverage startups
$1M goes to 1 Recycling startup
$20M goes to 1 Renewable Energy startup

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Edith

See more details below:

Funding (300 miles radius from Silicon Valley)

Enterprise

Lacework (cloud cybersecurity platform) raised $1.3B Series D led by Altimeter Capital, D1 Capital Partners, Sutter Hill Ventures, Tiger Global Management
Mixpanel (product analytics solution) raised $200M Series C led by Bain Capital Tech Opportunities
Netlify (web development and deployment platform) raised $105 Series D led by Bessemer Venture Partners
Stytch (password authentication platform) raised $90M Series B led by Coatue
PlanetScale (serverless MySQL database) raised $50M Series C led by Kleiner Perkins
Alluxio (data orchestration platform) raised $50M Series C led by an unnamed backer with participation from a16z, Seven Seas Partners, and Venture
Netography (network threat detection) raised $45M Series A led by Bessemer Venture Partners, SYN Ventures
People Data Labs (B2B data solutions) raised $45M Series B led by Craft Ventures
Hightouch (reverse ETL platform) raised $40M Series B led by ICONIQ Growth
Stellar Cyber (open XDR platform) raised $38M Series B led by Highland Capital Partners
Netomi (customer service chatbots) raised $30M Series B
Gradle (developer productivity engineering) raised $27M Series C led by Triangle Peak Partners
Writer (AI writing assistant for teams) raised $21M Series A led by Insight Partners
Noteable (data visualization platform) raised $21M Series A led by Bain Capital Ventures
Monograph (operations platform for architects and designers) raised $20M Series B led by Tiger Global Management
Facet (API-first image editor) raised $13M Series A led by Two Sigma Ventures
Ditto (peer-to-peer data sync database) raised $9M Seed led by True Ventures
Hakimo (physical security platform) raised $4M Seed led by Neotribe Ventures
Mem Protocol (social media protocol for web3) raised $3.1M Seed led by Andreessen Horowitz
CatalyzeX (AI code discovery platform) raised $1.6M Seed led by Abstraction Capital, Basecamp Fund, Darling Ventures, Kepler, On Deck, Unpopular Ventures, Unshackled Ventures

FinTech

Settle (cashflow management) raised $60M Series B led by Ribbit Capital
PayZen (healthcare payment financing) raised $15M Series A led by SignalFire

HR

Trusted Health (job-matching services for nurses) raised $94M Series C led by Greenspring Associates

Marketplace

Heyday (marketplace brand-building platform) raised $555M Series C led by Premjilnvest, The Raine Group

Entertainment

Fireside (interactive virtual shows) raised $10M Seed from The Chainsmokers, HBSE, Goodwater, Animal Capital and NFL stars Larry Fitzgerald and Kelvin Beachum and Baron Davis

Gaming

DreamCraft (game creation platform) raised $10M Series A led by March Capital

Real Estate

Doorvest (real estate investing platform) raised $14M Series A led by M13

Autonomous Vehicle

Helm.ai (autonomous driving software) raised $26M Series B led by Amplo

Logistics

Coros (fulfillment visibility platform) raised $6.1M Seed led by Dynamo Ventures

Healthcare

Cala Health (wearable neuro-modulation therapies) raised $77M Series D led by Ascension Ventures

BioTech

Fountain Therapeutics (therapeutics for chronic degenerative diseases) raised $15M Series A from Eli Lilly and Company, Alexandria Venture Investments and R42 Group
Cellevolve Bio (cell therapies) raised $6M Seed led by Hibiscus BioVentures, Jumpstart Health Investors, Resilience

AgTech

Monarch Tractor (autonomous smart tractor platform) raised $61M Series B led by Astanor Ventures

Cannabis

Pistil Data (cannabis market intelligence platform) raised $6.5M Seed led by Casa Verde Capital

Food and Beverage

Gooder Foods (healthy mac n’ cheese) raised $6.4M Seed from Springdale Ventures, Willow Growth Partners, Third Craft, Gingerbread Capital, Purple Arch Ventures and First Course Capital
Sundial Foods (vegan chicken wings) raised $4M Seed from Nestlé, Food Labs, Clear Current Capital, SOSV / IndieBio
Maker Wine (canned wine) raised $2.3M Seed from Pear VC, Marcy Venture Partners, The Chainsmokers, Odell Beckham Jr., Rachel Mansfield, Charles Hudson, Mariam Naficy, Bryan Mahoney, Henry Davis, Inflection Capital, Context Ventures, Matt Kanness, Nikil Viswanathan, Daniel Kan, Bridgette Lau, Alyssa Rapp, James Beshara, Leah Culver, Tyler Elliston, and Chris Fanini,

Recycling

Olyns (consumer recycling solution) raised $1M Seed led by Vanedge Capital

Renewable Energy

Mitra Chem (electric vehicle battery) raised $20M Series A led by Social Capital

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

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Silicon Valley Funding News - Week of November 22, 2021. Lacework Raised $1.3B Series D

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