11 Bay Area Startups, Led by Instacart and Tipalti, Raised $920M+ Last Week

by Jeremy Porr
October 12, 2020
A peak at the Bay Bridge in downtown San Francisco.
photo: shutterstock

Instacart bags $200M. The decacorn’s valuation jumped to $17.7 billion since its last financing round four months ago, which totaled $225 million. The e-grocer will use the additional capital to further product development and expand its service to include deliveries from new retailers like Sephora. Instacart is now hiring for over 80 open roles across multiple departments. [Built In SF]

Tipalti raised $150M. The Series E for the cloud-based accounting platform was led by Durable Capital Partners and brings the unicorn’s valuation to more than $2 billion. The additional capital will enable the company to further accelerate its growth. Tipalti is now hiring for several open positions across multiple departments at its San Mateo office. [Built In SF]

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Redaptive got $150M. The greentech company raised $150 million in a private placement funding round led by CarVal Investors. The additional capital will go toward helping the company expand its product offerings, hire additional talent and invest in new projects. Redaptive guides enterprise customers through the process of planning and installing renewable energy solutions for their buildings. [Built In SF]

Dialpad grabbed $100M. The business communications platform closed on a Series E led by OMERS Growth Equity. The latest round brings the unicorn’s valuation to $1.2 billion. The additional capital will go toward product development and expanding the size of the company’s team. Dialpad is now hiring for several open positions across sales, engineering, HR and marketing. [Built In SF]

Lark Health raised $70M. The Mountain View chronic disease prevention and management company just closed on a fresh round of Series C funding and debt funding led by King River Capital. The new funding will go toward expanding relationships with commercial payers and telehealth providers. [FinSMEs]

GrubMarket raised $60M. The e-grocer closed on a Series D round led by BlackRock and Reimagined Ventures, among others. GrubMarket works with more than 500 grocery stores, including Whole Foods, Kroger, Albertsons and Safeway. The new funding will be used to help the company scale as it plans to eventually go public. [TechCrunch]

Chargebee secured $55M. The Series F for the subscription billing and revenue operations platform was led by Insight Partners. The additional cash will be used to further product research and development. Chargebee is used by over 2,500 companies in over 160 countries. [PR Newswire]

Datavant got $40M. The Series B round was led by Transformation Capital. Datavant enables health technology companies to integrate real-world data sets in order to create products. The additional capital will go toward general growth efforts and product development. [PR Newswire]

Cerebral raised $35M. The mental-health telemedicine company closed on a Series A led by led by Oak HC/FT. The company will use the additional capital to build out its mobile app, expand its in-network insurance partnerships and make its service available across the United States. [FinSMEs]

Observe grabbed $35M. The SaaS observability company emerged from stealth with a Series A round led by Sutter Hill Ventures. Observe’s platform brings together technologies for log analytics, metrics monitoring and application performance management (APM). The company will use the additional capital to continue investigating and troubleshooting modern distributed applications. [FinSMEs]

MmHmm secured $31M. The new funding comes courtesy of Sequoia and will be used to help the company continue to grow. The company currently has more than a dozen open job listings. MmHmm’s virtual backgrounds enable users to guide presentations while still remaining in frame on digitally hosted meetings. [MmHmm]

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