Silicon Valley Funding News - Week of December 20, 2021. Course Hero Raised $380M Series C

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Ho, Ho, Ho.

Early Happy Holidays! This has been a roller coaster year for Crypto. From DeFi 2.0, NFTs, DAOs, to regulatory gyrations from China to Washington DC. Messari put together a great Crypto Thesis Report for 2022. Great read.

We are excited to lead $5.3M seed round of Scarf and partner with Avi and his team. Scarf helps developers measure and commercialize open source software. Read more.

Our portfolio company, FTX is the fastest company in history to reach a $25B valuation, and in just two years after founding. Check out this awesome Acquired Podcast on The Complete History & Strategy of FTX.

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

This week a total of 36 startups raised $1.99B in funding, 3 exits:

$832.2M goes to 17 Enterprise startups
$7.2M goes to 1 FinTech startup
$361M goes to 4 Crypto/Blockchain startups
$4M goes to 1 Mobile startup
$383M goes to 2 Edtech startups
$23M goes to 1 Marketplace startup
$50M goes to 1 Logistics startup
$6M goes to 1 Supply Chain startup
$120M goes to 2 Wellness startups
$22M goes to 2 Healthcare startups
$149M goes to 3 BioTech startups
$35M goes to 1 CleanTech startup

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See more details below:

Funding (300 miles radius from Silicon Valley)
Venture capital funding in the US continues to break records.

Enterprise

Sigma Computing (cloud analytics) raised $300M Series C led by D1 Capital Partners, XN
Noname Security (API security) raised $135M Series C led by Georgian, Lightspeed Venture Partners
Ermetic (identity cloud security) raised $70M Series B led by Qumra Capital
Forethought (customer service solution) raised $65M Series C led by Steadfast Capital Ventures
Cequence (API security platform) raised $60M Series C led by Menlo Ventures
Dazz (cloud security remediation) raised $50M Series A from Insight Partners, Greylock Partners, Index Ventures, and Cyberstarts
Cyberhaven (data detection and response platform) raised $33M Series B led by Redpoint
Superside (design service for enterprise) raised $30M Series A led by Lugard Road Capital, Prosus Ventures
Hevo Data (no-code data pipeline platform) raised $30M Series B led by Sequoia Capital India
Mixhalo (live event audio platform) raised $24M Series B led by Fortress Investment Group
Reposify (external attack surface management) raised $8.5M Seed led by First Rays Venture Partners, Joule Ventures
Appaegis (zero trust access security) raised $7.7M Seed led by Taiwania Capital
Gappify (accounting automation solution) raised $6M Series A led by Rally Ventures
Scarf (open source analytics and commercialization) raised $5.3M seed led by Race Capital
Manage XR (VR/AR device management platform) raised $4M Seed led by Rally Ventures
Continual (AI platform for modern data stack) raised $4M Seed led by Amplify Partners
Cloudthread (cloud cost efficiency platform) raised $3M Seed led by Peak State Ventures
Qonversion (subscription data platform) raised $2M Seed led by Visionaries Club, Flashpoint VC

FinTech

Quo Finance (mortgage financing app) raised $7.2M Seed led by SignalFire

Crypto/Blockchain

Anchorage Digital (digital asset platform) raised $350M Series D led by KKR
GIANT Protocol (web3 protocol) raised $5M Seed led by CoinFund
Galoy (bitcoin banking platform) raised $3M Seed led by Craft Ventures
GalaxE (cross-blockchain NFT platform) raised $3M Seed

Mobile

Honeycomb (private social app for families) raised $4M Seed led by Stellation Capital

EdTech

Course Hero (course-specific learning platform) raised $380M Series C led by Wellington Management
StudyFree (student scholarships and grants platform) raised $3M Seed led by I2BF Global Ventures, Techstars, TMT Investments

Logistics

KlearNow (smart logistics-as-a-service) raised $50M Series B led by Kayne Partners

Supply Chain

Factor (supply chain management) raised $6M Seed led by Gradient Ventures

Wellness

Found (weight care management) raised $100M Series B led by WestCap
Fable (social platform for book clubs in service of mental wellness) raised $20M Series A led by Tiger Global Management

Marketplace

Full Harvest (surplus produce marketplace) raised $23M Series B led by TELUS Ventures

Healthcare

Lynx MD (healthcare secure data sharing platform) raised $12M Seed led by MizMaa Ventures
Glassbeam (data and predictive analytics for connected medical machines) raised $10M Series B led by Appian Way Asset Management

BioTech

Verge Genomics (drug discovery) raised $98M Series B led by BlackRock
Nodexus (cell isolation technology) raised $30M Series A led by RA Capital Management
Endogena (degenerative eye disease therapeutics) raised $21M Series A led by Rejuveron Life Sciences

CleanTech

ZeroAvia (zero emission planes) raised $35M Series B led by Alaska Air Group, United Airlines

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

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Silicon Valley Funding News - Week of December 20, 2021. Course Hero Raised $380M Series C

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