Amazon Bought One Medical, Crunchbase Got $50M, and More SF Tech News

Here’s what you may have missed in Silicon Valley last week.

Written by Charli Renken
Published on Jul. 25, 2022
Photo: Airbase / Twitter
Photo: Airbase / Twitter

Last week was a big one for many tech companies in the Bay Area. Several startups raised multi-million dollar rounds across industries, some of which are currently hiring to expand their team of innovators. Just in case you missed it, here’s last week’s biggest tech news out of San Francisco. This is the Built In SF Weekly Refresh.

Airbase raised $150M. The fintech company helping companies manage non-payroll spending plans to use its credit facility from Goldman Sachs to expand its corporate card program. [Built In SF]

15Five pulled in $52M. The Series C round was led by Quad Partners and will be used for research and development, go-to-market investments and pursuing future acquisitions. 15Five is an HR SaaS platform that combines software and customized coaching to improve team performance. [Built In SF]

Bay Area Tech Quote of the Week

“One of the things that differentiates our software is that it guides prospectors to use an account-based approach to deal-making. It’s a much more effective way to connect with leads than simply exporting and mass emailing unfiltered contact lists. And, as difficult economic conditions impact more companies, knowing whether a target account is on the upswing or not gives prospectors the power to focus outreach on the most relevant decision-makers who are in a position to buy.” — Jager McConnell, CEO of Crunchbase

Crunchbase secured $50M. The prospecting data platform will use its Series D funding from Alignment Growth to accelerate product innovation and deepen dealmaker relationships. [Built In SF]

Shopify and YouTube launched YouTube Shopping. The new feature allows creators to upload their Shopify stores to their channel and highlight products in videos and livestream events. [Built In SF]

Amazon announced plans to acquire One Medical. The deal valued at roughly $3.9 billion is Amazon’s third acquisition this year. One Medical is a primary care organization combining traditional healthcare with innovative technology. [Built In SF]

Bluecart acquired Revolution Ordering. Bluecart, a hospitality e-commerce platform, bought restaurant order management platform Revolution Ordering to create a cohesive hospitality ordering and order management experience. [PR Newswire]

In other funding news: Zesty.ai raised $33 million for its climate risk analytics platform used by real estate and insurance professionals to assess and plan for natural disasters. [Built In SF]

Water sustainability agtech company Lumo raised $2.1 million in a seed funding round led by Fall Line Capital. [Built in SF]

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