11 SF Startups, Led by Impossible Foods and Gong, Raised $850M+ Last Week

by Jeremy Porr
August 17, 2020
A look at the San Francisco skyline through the Golden Gate Bridge.
photo: shutterstock

Gong sounds off with $200M. The revenue intelligence platform closed on a Series D led by Coatue. The latest round brings the company’s valuation to $2.2 billion. Gong uses its patented AI technology to uncover patterns and trends within sales conversations that could ultimately help companies reduce churn and increase market share. The company will use the additional capital to invest in its product, engineering and go-to market teams. Gong is now hiring for positions across multiple departments. [Built In SF]

Impossible Foods raised another $200M. Only a matter of months after the Redwood City company raised a $500 million Series F, it announced additional Series G funding in a round led by Coatue last week. The company creates plant-based meat and dairy products, such as Burger King’s Impossible Whopper, and is currently expanding its retail presence. The new funding brings its total capital raised to about $1.5 billion. [Crunchbase]

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Atomwise raised $123M. The latest round for the AI platform was led by Sanabil Investments and B Capital Group. The company’s AtomNet platform uses AI to accelerate drug discovery. According to the company, the platform can screen 16 billion chemical compounds for potential hits in just under two days. The company recently announced several research partnerships with universities to explore broad-spectrum COVID-19 therapies. [VentureBeat]

Coda got $80M. The latest round, led by Kleiner Perkins, brings the company’s valuation to $636 million. The company’s platform makes it possible for workplace teams to collaborate on an array of documents from sales templates and marketing materials to legal documents and contracts. The company will use the additional capital to advance its general growth efforts, with a primary focus on hiring. Coda plans on adding to its engineering and go-to-market teams, but will be hiring across all departments. [Built In SF]

Blend grabbed $75M. The Series F round, led by Canapi Ventures, brings the company’s valuation to $1.7 billion. Blend connects borrowers, loan teams, settlement agents and real estate agents all on one platform in order to streamline application processes and close deals faster. The company will use the additional capital to support a major hiring effort. Blend is currently hiring for dozens of open roles across multiple departments. [Built In SF]

Parsable raised $60M. The Series D round for the workflow management platform was led by Activate Capital and Glade Brook Capital Partners. The company’s platform enables industrial firms and their employees to digitally collaborate and provide feedback on key systems in real-time. Parsable will use the additional capital to double down on growth, including continued expansion in Asia, Europe and Latin America. [FinSMEs]

Mux got $37M. The latest round for the video platform startup was led by Andreessen Horowitz. The company’s platform measures viewers’ video-watching experiences. Users post the URL of video files using the Mux API and the platform prepares the file for streaming. The company recently launched a bug bounty program and added support for subtitles and closed captions. Mux will use the additional capital to invest in the expansion of its product, sales and marketing teams. [VentureBeat]

Mode Analytics grabbed $33M. The Series D round for the data science software company was led by H.I.G. Growth Partners. The company’s platform allows for users to visualize and analyze their data and collaborate on data-driven projects. The additional funding will be used to support the company’s general growth efforts and advance its customer support capabilities. [Built In SF]

Nurx raised $22.5M. The Series C extension round for the telehealth startup was led by Trustbridge, Comcast Ventures and Wittington Ventures. The company primarily delivers birth control and HIV-prevention medication PrEP but also offers at-home STI testing, treatment for genital and oral herpes and emergency contraception. Nurx will use the additional capital to build out its team and explore headache and migraine treatments. [Crunchbase]

Hiretuals got $13M. The Series B for the recruiting software developer was led by Oceanpine capital. The company’s AI scans the web for natural language that is then converted into data for job recruiters to find their best talent. According to the company, this enables businesses to cut down their sourcing time by as much as 80 percent. The company will use the additional capital to invest in technology and product development. [Crunchbase]

Bodyport grabbed $11.2M. The Series A for the healthtech company was led by Boehringer Ingelheim Venture Fund. The company’s biomarker platform helps to detect early signs of cardiovascular disease. The company intends to use the funds to deepen its existing partnerships and launch a virtual cardiac clinic. [FinSMEs]

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