13 Bay Area Startups, Led by Proterra and Plenty, Raised $838M+ Last Week

by Jeremy Porr
October 19, 2020
A view of the Richmond District in San Francisco.
photo: shutterstock

Proterra raised $200M. The latest round for the battery system technology company was led by Cowen Sustainable Investment Advisors. The additional cash will be used to support the company’s ongoing research and development into battery and electric drivetrain technologies. [TechCrunch]

Plenty raked in $140M. SoftBank led the latest round for the vertical farming startup. The additional capital will go toward expanding the company’s partnerships. Plenty recently announced new commercial collaborations with Albertsons and Driscoll’s. The company currently grows baby arugula, kale and lettuce at its indoor facility in South San Francisco. [Built In SF]

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Getaround grabbed $140M. The car sharing platform closed on a Series E led by PeopleFund. The additional capital will be used to invest in product research and development and expand on new partnerships. Getaround enables users to rent cars by the hour, or the day, with insurance included. [PRNewswire]

Lark Health got $70M. The Series C for the disease prevention and management company was led by King River Capital. The company will use the additional capital to further expand its relationships with commercial payers and Telehealth providers. Lark’s programs provide members with unlimited 24/7 personal counseling in real-time via conversational AI. [FinSMEs]

Snapdocs grabbed $60M. The digital mortgage platform closed on a Series C round led by YC Continuity. Snapdocs is an AI-powered mortgage loan platform that consolidates lenders, settlement agents, title companies, borrowers, notaries and more financial players into a single space. The startup plans to double its workforce over the next nine months. [Built In SF]

Armory secured $40M. The Series C for the enterprise software company was led by B Capital. The cash infusion will go toward enhancing the company’s customer support, sales and marketing divisions. According to the company, Armory has tripled its employee headcount in the past 18 months. [Crunchbase]

Extend raised $40M. The Series B round for the fintech platform was led by Meritech Capital. Extend’s application programming interface enables any merchant to offer extended warranties at point of purchase. The additional capital will be used to further develop the company’s platform and hire for its software development and sales teams. [Crunchbase]

Vineti got $33M. The Series C extension for the cloud-based platform will be used to advance the company’s general growth efforts. The new cash brings the total for the round to $68 million. Vineti’s personalized therapy management platform provides patients with access to cell and gene therapies. The platform can also be harnessed for drug products requiring companion diagnostics or risk evaluation and mitigation strategy programs. [GlobeNewswire]

Kasa Living grabbed $30M. The Series B for the rental booking platform was led by Ribbit Capital. Kasa also doubles as a property management company. The company utilizes its suite of technology to create short-term rental listings by leveraging vacant units inside hotels and apartments. The additional capital will be used to help the company improve its software and streamline its operations. Kasa is now hiring for several open positions. [Built In SF]

Future got $24M. The company offers a $150/month subscription that connects teams of users with real fitness coaches. The company has seen its growth rate triple in recent months thanks to a surge of consumer interest in at-home fitness. Its Series B round was led by Trustbridge Partners. [TechCrunch]

Fossa secured $23.2M. The Series B for the open source management company was led by Bain Capital Ventures. The additional capital will go toward product research and development. [Fossa]

Matroid raised $20M. The Series B for the machine learning and computer vision provider was led by Energize Ventures. The cash infusion will be used to accelerate product development and go-to-market expansion in manufacturing, industrial IoT and video security markets. [FinSMEs]

Vivun raised $18M. The Series A for the presales software company was led by Accel with participation from existing investor Unusual Ventures. The company will use the funds to expand its platform and accelerate its go-to market efforts. [FinSMEs]

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