10 Bay Area Startups, Led by Robinhood, Raised $449M+ Last Week

August 24, 2020
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Robinhood raised $200M. The fintech company’s Series G places it at an $11.2 billion valuation. New investor D1 Partners led the round for the trading platform. The additional capital will be used to invest in improving its core product and enhancing the customer experience. [Business Insider]

Agiloft got $45M. The company responsible for AI-driven contract creation and management tools received a growth equity investment from FTV Capital. Agiloft has over 600 clients, including Roche, Honeywell, American Greetings, NASA, Mitsubishi and TaylorMade, among others. The new funding will be used to bolster the company’s expansion efforts. [VentureBeat]

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Exo grabbed $40M. The Series B round was led by Fiscus Ventures, Reimagined Ventures and Action Potential Venture Capital. The additional capital will go toward product research and development for the company’s handheld ultrasound devices. [Crunchbase]

Weee raised $35M. The e-grocer with a unique focus on Asian foods recently closed on a Series C round. The cash infusion comes about as result of an investment by DST Capital and will be used to hire new talent and expand its delivery service to several cities across the United States. [TechCrunch]

Cobalt got $29M. The Series B for the SaaS company was led by Highland Europe. Cobalt’s platform connects penetration testing professionals with companies that need their services. The additional capital will be used to simplify the company’s subscription service with the ultimate goal of making the platform easier to use. [TechCrunch]

Hint closed on $25M. The Series D for the beverage company was led by Springboard Growth Capital. Hint’s still flavored water is made without any added sugar or diet sweeteners. The new capital will be used to build up current partnerships as well as research and product development. [Businesswire]

Carrot Fertility raised $24M. The Series B round for the global fertility benefits provider was led by U.S. Venture Partners and will be used to help fuel the company’s global expansion efforts. The company is now hiring for multiple roles in sales, marketing and engineering. [Built In SF]

Brightline got $20M. The Series A round for the healthtech company was led by Threshold Ventures and previous investor Oak HC/FT. The company plans to use the additional capital to enhance its technology, expand telehealth capabilities and treatment programs and grow its team. [Businesswire]

Pachyderm grabbed $16M. The Series B round for the open-source data science platform was led by M12, Microsoft’s venture fund. The company provides AI development teams with a central source of data for their machine learning pipelines. The additional capital will primarily be used to accelerate hiring. [MarketWatch]

Yalochat raised $15M. The Series B round for the conversational commerce platform was led by B Capital Group and Sierra Ventures. Yalochat’s clients, Walmart and Coca-Cola, both use the company’s technology in order to communicate with customers over WhatsApp, Facebook Messenger and WeChat in China. The company will use the additional capital to expand its business reach globally. [TechCrunch]

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