9 Bay Area Startups, Led by Patreon, Raised Over $250M Last Week

September 8, 2020
The cable cars in San Francisco traverse steep hills.
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Patreon grabbed $90M. The latest round for the subscription-based platform brings the company’s valuation to $1.2 billion. The Series E was co-led by New Enterprise Associates and Wellington Management. The newly minted unicorn will use the additional capital to expand its international operations and continue enhancing the user experience with new tools for creators and their fans. [Built In SF]

Transposit got $35M. Transposit’s platform is used by engineering operations teams in order to record workflows and incident reports. The Series B was led by Altimeter Capital. The additional capital will be used to expand the company’s sales and engineering teams and build out its go-to-market initiatives. [Crunchbase]

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Hazel Health raised $33.5M. The Series C for the telemedicine startup was led by Owl Ventures and Bain Capital. Hazel Health provides school-based virtual medical care for children in grade school. The additional capital will be used to expand the reach of the platform’s service this fall. [CNBC]

Picnic Health landed $23M. The Series B for the healthtech startup was led by Felicis Ventures. Picnic Health’s platform gives patients a central location to manage their care plans. Picnic also gives pharmaceutical companies access to patient records in order to provide them with real-world data. The new funding will be used to expand access to the platform and continue research efforts. [TechCrunch]

Legion Technologies got $22M. The Series B for the workforce management platform was led by Stripes. Legion’s AI-powered platform enables companies to manage labor spend by reducing costs, compliance risks and labor inefficiencies. The additional capital will help the company work toward global expansion. [FinSMEs]

Conversica grabbed $20M. The Series D was led by Hollyport Capital. The company’s intelligent automation platform enables clients to attract, acquire and grow customers at scale by using AI-powered virtual assistants. The company will use the additional capital to expand its sales and marketing teams and further invest in product development. [FinSMEs]

Incountry raised $18M. Incountry’s platform helps companies comply with local regulations when adopting SaaS products. The startup is now valued somewhere “north” of $150 million. The Series A extension will be used to drive global growth and invest in product research and development. The company currently operates in 90 countries around the world. [TechCrunch]

Turing landed $14M. The automated hiring platform taps into a global pool of developers to help companies hire in markets where it is difficult and expensive to find and retain software engineers. Turing employs a combination of data science and artificial intelligence as part of its sourcing mechanism. The seed round was led by Foundation Capital and will be used to continue growth and development of the platform. [Pulse2]

Climax Foods got $7M. The oversubscribed seed round was led by At One Ventures and Manta Ray Ventures. The additional capital will be used to further the company’s main mission of creating plant-based products that have the same, or better, taste as animal-based products, at an accessible price point. [Built In SF]

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