10 Bay Area Startups, Led by Faire and Honor, Raised $612M Last Week

by Jeremy Porr
November 2, 2020
A shot of the Bay Bridge and the San Francisco skyline.
Photo: shutterstock

Faire raised $170M. The Series E raise for the wholesale marketplace platform was led by Sequoia. This brings the company’s valuation to $2.5 billion. Faire primarily stocks artisanal goods that retailers can try before they buy. The company plans to use the additional capital to expand its presence in Europe and significantly increase the size of its workforce in San Francisco. [Pitchbook]

Honor raked in $140M. The senior care company closed on a Series D round led by Baillie Gifford with participation from Rock Springs. Honor provides non-medical home care services to senior citizens across the country. The additional capital will allow the company to expand into new markets and further invest in its platform. [San Francisco Business Times]

Eightfold grabbed $125M. The Series D round for the recruiting software company was led by General Catalyst. The newly minted unicorn is now valued at $1 billion. Eightfold currently works with customers in more than 100 countries across 17 different industries. The additional capital will go toward advancing the platform’s recruitment capabilities. [Built In SF]

Rockset secured $40M. The Series B round for the cloud-native analytics company was led by Sequoia with additional participation from Greylock. Both firms co-led Rockset’s Series A raise in 2018. Rockset has now raised a total of $61.5 million. The company will use the additional funds to further invest in its platform and grow its team. Multiple roles are available in sales, marketing, product and engineering. [TechCrunch]

Jiko landed $40M. Upfront Ventures led the latest round for the mobile banking startup. The company will use the additional capital to roll out its platform at scale to the general public. The money in a Jiko account is automatically invested in liquid U.S. government-backed securities, and users receive 100 percent of the yield, according to the company. [Fortune]

Odaseva raised $25M. The Series B round for the data governance platform was led by Eight Roads Ventures with participation from new investor F-Prime Capital. The additional capital will go toward further developing its core platform and accelerating hiring efforts at its San Francisco, Sydney and Paris offices. [FinSMEs]

Arable raked in $20M. This Series B raise for the agtech startup will go toward making continuous improvements to its suite of sustainable farming technology. The round was led by Prelude Ventures along with new investors M20, Nassau Street Ventures and Tridon. [Built In SF]

Human API grabbed $20M. The additional capital will be used to scale new products and services that support patient monitoring, risk stratification, clinical trial recruitment and more. Human API converts unstructured health data into a consistent, accessible format. The Series C round was led by Samsung Ventures. [VentureBeat]

Ketos secured $18M. Citi, Motley Fool Ventures and Illuminated Funds Group led the latest round for the water quality monitoring company. The additional capital will go toward developing additional water management tools and technologies. [TechCrunch]

Onfleet brought in $14M. The Series A round, which brings the last-mile delivery management company’s total funding to $20 million, was led by Kennet Partners. Onfleet will use the funds to enhance its product and support its internal expansion efforts. [Onfleet]

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