These 5 Bay Area Startups Raised the Biggest Funding Rounds in January
The Bay Area continues to be a leader in tech innovations and funding rounds. In the first month of the New Year, these five companies raised a total of $1.84 billion in outside capital. Read on to find out who raised the most and what these funding rounds mean for the future.
#5. $235 million, January 19
Lyra Health provides mental health benefits for employers and employees. Dragoneer led the company’s $235 million round. The funding will allow Lyra Health to expand its platform internationally. The company also announced Robynne Sisco, CFO and co-president at Workday, joined its board of directors.
#4. $355 million, January 14
Bolt provides lightning-fast and secure checkouts for online retail shopping. The San Francisco-based company raised $355 million in the first part of its Series E funding round. The capital raised will allow Bolt to accelerate product development, gain new partnerships, expand internationally as well as hire across its product and engineering teams.
#2 (tied). $400 million, January 26
Plenty is a vertical, indoor farming company aiming to make farming easier and more sustainable. The company scored a $400 million Series E round co-led by One Madison Group and JS Capital with participation from other investors, including Walmart. The investment will allow the company to sell its multi-crop farms to partners and bring fresh produce to Walmart customers.
#2 (tied). $400 million, January 5
Miro is a visual collaboration platform assisting the remote workforce and can integrate with over 100 software tools such as Slack and Zoom. The Series C funding round rose the company’s valuation up to $17.5 billion. The latest funds will allow Miro to invest in product and program development.
#1. $450 million, January 25
Wisk is working to develop electric flying vehicles, specifically, autonomous taxi planes that can carry passengers instead of just cargo. Aerospace giant Boeing led the $450 million funding round which will be used to support the development of flying vehicles. Wisk is also looking to expand its team with positions open across every department.