Heyday secured $175M. The startup closed its Series A round enabled by General Catalyst, Khosla Ventures and Arbor Ventures. Heyday acquires, launches and incubates consumer product brands to accelerate their success via marketplace-native technology. Since its founding in August, the company will end 2020 with $20 million of annualized revenue from brands it has already launched. [PRNewswire]
Addepar got $117M. The new funding will help the Mountain View-based fintech company to further expansion of its wealth management platform as well as its team. Several research and development roles are open within the company as it works toward delivering products and introducing new technologies for wealth managers to best serve their clients amid challenging market conditions. [Built In SF]
Strava raised $110M. For anyone who has trouble maintaining a consistent gym workout schedule, the smart fitness startup connects athletes to digital workout partners. With the new funding, Strava will develop new features for its platform and expand its user base of 70 million members. This round was led by TCV and Sequoia Capital. [Built In SF]
MindTickle pulled in $100M. The round was led by SoftBank. With the new funding, the startup will grow its team and continue its efforts toward helping companies improve their sales. By keeping sales teams entertained and engaged on their mobile-first platform, MindTickle works to make the highly competitive world of sales a more enjoyable experience. [Built In SF]
HOVER raised $60M. This Series D round for the 3D software company will fuel a drastic hiring push in its San Francisco office, as well as enable the company to further its efforts helping homeowners complete home improvement projects during the pandemic. Led by Travelers, State Farm Ventures and Nationwide, the funds from this raise will also help HOVER deepen its relationships with insurance carriers and expand the products it offers. [Built In SF]
Udemy got $50M. The online learning platform’s total valuation to date is $3.25 billion. Udemy has seen a spike in investor interest during the pandemic as more people search for constructive ways to pass their time inside. The company plans to hire 200 people this year as well as expand overseas. [Forbes]
Abnormal Security pulled in $50M. This Series B for the cloud email security company will allow it to double the size of its machine learning and data science teams. Abnormal dedicates its efforts toward stopping cyber attacks on enterprises using its AI threat detection system. The company’s total funding to date is $75 million after this round led by Menlo Ventures. [FinSMEs]
Aclima secured $40M. Aclima aims to use air pollution and greenhouse gas measurement and analysis to help its customers reduce emissions and protect lives while also addressing climate change, public health and environmental concerns. With the funds from its Series B raise led by ClearVision Ventures, it plans to grow into new markets and expand its product portfolio as it works toward achieving these goals. [BusinessWire]
Abacus.ai raised $22M. The platform allows organizations to embed deep learning into their apps and business processes. The Series B funding will help the company widen the scope of availability for its AI deep learning systems so that they are cost-effective and easy to use. The round was led by Coatue with participation from Decibel Ventures and Index Partners. [PRNewswire]
Chooch.ai pulled in $20M. Led by Vickers Venture Partners, the Series A round will help Chooch.ai further its work in visual intelligence and double the size of its team next year. The startup aims to capture and process visual data across a variety of spectrums. With this technology, Chooch is working to ensure companies will be able to pinpoint objects and occurrences with the accuracy of the human eye. [TechCrunch]
