There’s never a shortage of tech innovation in the Bay Area, a trend furthered by the hefty venture rounds these companies raised last month. Find out what industries are due for an update and what these startups are doing to facilitate those changes.
#5. $225 million, May 14
With its online learning product, MasterClass offers subscription-based virtual courses taught by professionals across a number of fields. It features classes by names like Gordon Ramsay, Bob Iger and Stephen Curry on its platform. With its Series F round led by Fidelity Management & Research Company, MasterClass is planning to add more content, expand internationally, launch a B2B line and onboard new talent.
#3 (tied). $250 million, May 24
As renewable energy solutions take more precedence than ever nowadays, Aurora secured new capital to help make solar energy more accessible. It offers a platform that helps solar companies automate their workflows and spend more time accurately designing solar installations. The company’s Series C round was led by Coatue and allows it to invest in new product development and growing its team.
#3 (tied). $250 million, May 24
Valued at $1.45 billion following its Series C raise, new banking unicorn Zeta is well-equipped to continue its work helping banks and fintech firms launch their products. Banks tend to be outfitted with outdated tech, according to the company, so it’s working to provide them with a technology stack that enables them to offer customers the best possible experience. This round for Zeta was led by SoftBank Vision Fund 2.
#2. $260 million, May 18
With its API solution that allows businesses to provide their customers with extended warranties and protection plans, Extend pulled in an oversubscribed Series C that brings its total finding to more than $315 million. Led by SoftBank Vision Fund 2, the new capital enables Extend to invest in expanding internationally, developing a new product and increasing its headcount. It aims to double the size of its team across a wide range of departments by year’s end.
#1. $280 million, May 5
Healthtech startups have seen a lucrative year for venture funding, and Collective Health is no exception. The company closed on a Series F round led by Health Care Service Corporation to invest in enhancing its platform, expanding its partnerships and growing its team. Its tech works to centralize health benefits information for businesses and employees. Following this round, the company is valued at $1.5 billion.
