9 Bay Area Startups, Led by Sonder, Raised $400M+ Last Week

June 29, 2020
The San Francisco skyline at sunset.
photo: Shutterstock

Sonder grabs $170M. The latest round for the hospitality startup solidifies the company’s unicorn status and brings its total valuation to $1.3 billion. Sonder provides digitally serviced, contactless hotel stays for guests in 36 cities across the world. According to the company, Sonder’s global occupancy rate for its properties has consistently remained at 75 percent, despite the pandemic. [Built In SF]

UJET raised $55M. The latest round for the customer support platform will be used to expand the company’s sales and marketing teams in the United States and abroad, in addition to launching new products and features. The UJET platform utilizes multiple voice, online messaging and mobile features to assist customer service agents with client requests and manage network quality. [Built In SF]

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Mynd Property Management got $41.5M. The real estate investment startup closed on a Series C round led by Wells Fargo. The company provides full-service property management for small multifamily buildings and single-family homes. Mynd currently manages nearly 7,500 homes for real estate investors in 16 different markets. [HousingWire]

Derivative Path grabs $35M. The latest round for the fintech company will be used to expand its product offerings and foster new relationships with clients in the financial industry. The company began as a trading platform for regional banks but has since added an array of financial services to its product roster. Derivative Path has additional offices in Chicago and New York City. [FINSmes]

Rasa Technologies raised $26M. The open source platform for AI development software applies natural language processing research, machine learning and flexible infrastructure in order to help develop conversational AI applications. Rasa intends to use the new funding to invest in the continual growth of its products in addition to expanding its product development and research teams. [Built In SF]

Nylas raised $25M. The API platform enables developers to securely access and process user data from any email, calendar and contacts provider globally. The Series B round follows the company’s May acquisition of June.ai, a developer of AI-powered email workflow tools. The latest round brings total investment in Nylas to $55 million. [Built In SF]

HelloOffice grabs $20M. The latest round for the commercial real estate startup will be used for further development of the company’s property search and management platform. The company is also looking to expand its reach in new markets beyond Los Angeles and San Francisco. The funding was led by Point72 Ventures with additional participation from Initialized Capital and several others. [BizJournals]

Element Analytics got $18M. The latest round for the data analytics company was led by Activate Capital and Forte Ventures. Element’s AssetHub platform is a no-code development environment that makes it possible for businesses to connect a diverse array of industrial data sources. AssetHub’s primary goal is to make industrial data easier to consume in modern analytical applications. [Built In SF]

Landed raised $10.5M. The residential real estate company closed a Series A extension round led by OMERS Ventures. Existing investor Initialized Capital also participated in the round. The company offers a shared equity down payment program for essential workers, primarily educators, who wish to buy homes in the communities in which they work. The company will use the additional funding to expand its offering to include healthcare workers.  [PRWeb]

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