There’s seldom a shortage of VC funding on the San Francisco tech front. Having raised funding rounds of various sizes last week, find out how these companies are fueling growth and innovation. This is the Built In SF weekly refresh.
Chime pulled in $750M. Providing users with financial services like checking and savings accounts and credit cards through its mobile app, Chime closed on its latest round of funding led by Sequoia with plans to go public next year. Following this mega-round, the fintech company is now valued at $25 billion. It’s also hiring for numerous positions spanning teams like data, design, engineering and finance. [Built In SF]
Postman secured $225M. The company develops APIs to help product management, DevOps and engineering teams increase their productivity and create faster feedback cycles. Now valued at $5.6 billion following its Series D round, Postman is planning a hiring spree. It’s adding remote talent to its sales, marketing, product and engineering teams with the Insight Partners-led funding. [Built In SF]
SF Tech Quote of the Week
Carrot Fertility pulled in $75M. With a worldwide network of fertility providers and clinics, Carrot helps employers provide employees with access to fertility services through sponsored plans. Tiger Global led the company’s Series C funding round, which will go toward doubling down on its product initiatives. [Built In SF]
Ample raised $160M. Drivers with Ample’s modular battery pack are able to pull into one of the company’s automated battery recharging stations and change out their empty battery for a freshly charged one. The company closed on its Series C led by Moore Strategic Ventures to scale its business. Currently, Ample serves Uber drivers, taxi and rental services and the like throughout the Bay Area. [TechCrunch]
MOLOCO got $150M. The digital advertising company provides enterprise customers with a machine learning-powered platform that allows them to purchase ad space in mobile apps and promote their products to the apps’ users. Based in Redwood City, the company is now valued at $1.5 billion following this Tiger Global-led round. It’s investing in growing its product and engineering operations and market expansion. [SiliconAngle]
These SF tech companies made the Inc. 5000. Considered some of the fastest-growing startups in the country, 130 Bay Area companies across all industries ranked on Inc.’s latest list. The honorees are ranked by their overall revenue growth from 2017–2020. Claiming the top spots for San Francisco tech were SMB financial service provider Pilot, digital bank company Varo Bank and primary care company Carbon Health. [Built In SF]
These Bay Area companies topped Forbes’ Cloud 100 list. Determined by factors including growth, sales, valuation and culture, Forbes ranked the top private cloud companies across the globe. The highest-ranked SF businesses on the list include fintech unicorn Plaid, cloud company HashiCorp, data management platform DataBricks and digital payments company Stripe. Altogether, the companies have raised $19.6 billion in total funding. [Built In SF]
In more Bay Area funding news: Insight Partners led the $130 million Series D round for Apollo GraphQL. Now valued at over $1.5 billion, the company will continue its work helping organizations build unified graphs and accelerate app development. [Business Wire]
Cryptocurrency payments company MobileCoin pulled in $66 million from investors like Alameda Research and Berggruen Holdings for its carbon-negative, mobile-based solution. The 40-person company is also currently hiring. [VentureBeat]
Monte Carlo closed on a $60 million Series C led by ICONIQ Growth. Its software helps enterprises monitor their data inflows. The company is fueling more growth after scaling its ARR 8x between the summers of 2020 and 2021. [TechCrunch]
Offering a cloud-based platform for B2B rebate management, Enable raised $45 million in Series B funding led by Norwest Venture Partners to fill roles across its product innovation, customer success and go-to-market teams. [Business Wire]
Rapid Robotics secured $37.6 million in a Series B round led by Kleiner Perkins and Tiger Global for its robotics system that automates certain factory machines. The funding will allow it to add new features to its platform and expand its reach. [VentureBeat]
