7 Bay Area startups raised over $200 million at midweek in the venture and private equity funding. The details of this funding are listed below.
Doctor On Demand Inc, located in San Francisco, has successfully raised $75 million. General Atlantic led the Series D funding of this virtual healthcare provider. The startup provides video-based consults as well as primary care appointments to the people with or without insurance. Founded by Jay McGraw and Adam Jackson in 2012, the company has raised $235.7 million in venture capital to date, as per the Crunchbase report.
Nine Square Therapeutics Inc is another startup in San Francisco that has scored $50 million through funding. Here, the Series A funding was led by Apple Tree Partners, one of the leading life sciences funds with an international presence producing the next-gen of transformative biotechnology firms.
Natron Energy Inc in Santa Clara has scored $35 million. NanoDimension Capital, Volta Energy Technologies, and the ABB Technology Ventures have co-led the Series D funding of this producer of sodium-ion batteries. Besides, they were also joined by Khosla Ventures, Prelude Ventures, and Chevron.
PostMeds Inc, located in San Mateo, has raised $25 million. Several companies such as Optum Ventures, Sound Ventures, TI Platform Fund, and Initialized Capital led the Series B funding. PostMeds, Inc., executing business as TruePill, is famous for its online pharmacy delivery system.
Second Front Systems Public Benefit Corp in San Francisco has scored $6 million through funding. The seed round was led by Artis Ventures, which was then joined by Gula Tech Adventures, Kleiner Perkins, Abstract Ventures, and 8VC. Second Front Systems is one of the prominent veteran-owned small businesses and public benefit corporations that assists government bodies to harness the latest technologies from venture capital-backed, commercially proven organizations.
Athlane in San Francisco has raised $3.3 million. Investors include Jonathan Kraft (New England Patriots), Global Founders Capital, Y Combinator, Seabed VC, Michael Gordon (President of Fenway Sports Group), and Romulus Capital. Athlane is one of the intelligent marketplaces for a new esports league. The startup facilitates sponsorship as well as endorsement deals between brands and streamers.
MonkeyLearn LLC in San Francisco has successfully scored $2.2 million in the funding round. The funding is co-led by Bling Capital and Uncork Capital. This firm offers a Text Analysis platform alongside Machine Learning (ML) to automate all business workflows and save manual data processing hours.
To speak about the Mergers and acquisitions (M&A), the London-based SUSE, a prominent Linux distribution organization controlled by private equity firm EQT, is paying over $600 million to acquire Rancher Labs Inc., the Cupertino-based software container management startup, as per CNBC report.
Similarly, Docusign Inc., the San Francisco-based company, has acquired Austin, Texas-based Liveoak Technologies, one of the predominant e-signature software developers for approximately $38 million. Liveoak Technologies Inc. has raised $28 million from firms like Seven Peaks Ventures, Broadhaven Capital Partners, and Wild Basin Investments.