In what was the biggest week of venture capital since the pandemic forced SF tech companies to shut down their offices and pivot their businesses on a dime, SF startups capped off the week heading into the Memorial Day weekend with some seriously massive funding news. Here’s who led the way:
Samsara gains $400M. The fleet management solutions provider expects to see continued revenue and customer growth, according to the company. The latest round brings the company’s total capital raised to $600 million. [BizJournals]
Brex raised $150M. The fintech startup has recently introduced additional contactless support options and a new rewards program for customers that are working remotely. The program provides customers with discounts on subscriptions to essential work-from-home web applications like Zoom, Slack and Dropbox. [Built In SF]
States Title received $123M. The title and settlement provider uses machine intelligence to speed up the escrow process for both residential and commercial real estate transactions. The company plans on using the new capital to make its machine intelligence platform more efficient in addition to “aggressively” hiring additional staff support. [Built In SF]
MasterClass got $100M. The streaming service that features classes taught by high-profile celebrities will use the new capital to hire additional staff, expand internationally and innovate new products. [PRNewswire]
Coalition raised $90M. The company will double the size of its team in the next year, with plans to open additional offices in Canada. The round was led by Valor Equity Partners, additional investors Felicis Ventures and Greyhound Capital also participated in the round. [Built In SF]
Imperfect Foods gained $72M. The company plans on using its newly acquired capital to build on its assortment and grocery delivery service in the United States. The company is also looking to fill 79 open roles listed on its website, including engineers, data scientists, product professionals and more. [Built In SF]
Omada Health got $57M. The company, founded in 2011, has raised more than $250 million in venture capital to date. The latest round will go toward furthering the development of its virtual and in-person tools for chronic disease management. [CNBC]
Amplitude raised $50M. The round was led by GIC, bringing its total valuation to over $1 billion, according to the company. The product intelligence company can track user behavior in real time. The latest round brings Amplitude’s total funding to $186 million. The company counts NBC Universal, Burger King, PayPal and Peloton among its long list of clients. [AP News]
Human Interest gained $50M. The full-service 401(k) provider will use newly acquired capital from its Series C extension to double the size of its engineering team by July of this year. [FinSMEs]
GO1 received $40M. The remote learning platform will use the new funds to expand its reach in North America as well as expand its content provider partners to meet increased demand. [Built In SF]
TrueWork raised $30M. The identity management startup’s Series B was led by Activant Capital with additional participation from Sequoia Capital. The new funds will be used to promote growth efforts and product development. [TechCrunch]
Deel grabs $14M. Andreessen Horowitz led the Series A round for the remote worker payroll platform. The company was born out of startup accelerator Y Combinator last year. Deel has since picked up 400 clients, according to the company. [CNBC]
