With several mega funding rounds and companies launching new initiatives, the Bay Area tech scene is seeing another lively period of growth. Learn more about what’s new. This is the Built In SF weekly refresh.
Robinhood to file a public offering. The stock trading platform is making moves again following its previous wave of attention. After restricting purchases of certain stocks and subsequently raising billions in new funding, Robinhood may conduct a traditional IPO or do a direct listing. [Axios]
Side pulled in $150M. The new real estate tech unicorn helps individual agents turn their brands into large-scale businesses. Its brokerage platform operates on partners’ behalf on the backend while providing agents with tech to help them grow. With its Series D funding led by Coatue, Side is looking to further national expansion and is hiring across several teams. [Built In SF]
SF Tech Quote of the Week
Komodo Health got $220M. With its Healthcare Map platform, the company provides healthcare businesses with patient-level insights in relation to large-scale health outcomes. It just closed on its Series E round of funding led by Tiger Global and is looking to further its AI-based technology. Following the raise, Komodo has a valuation of $3.3 billion. [Built In SF]
Evidation Health secured $153M. Having closed on a Series E round of funding, the company is looking to expand its virtual health programs. Its product, Aviation, uses behavioral data to measure a patient’s health and better understand disease. This latest round of funding was led by OMERS Growth Equity and Kaiser Permanente Group Trust. [Built In SF]
Ginger raised $100M. The company offers a mobile app that provides users with care plans from mental-health professionals. The Blackstone Growth-led Series E allows Ginger to develop partnerships with multinational employers and expand its range of offerings. It’s also currently hiring for roles in finance, people, operations and engineering. [Built In SF]
Prince Harry joins BetterUp’s c-suite. The mental-health company welcomed the Duke of Sussex into its ranks as its chief impact officer. In his new position, Prince Harry is looking forward to putting mental fitness first. BetterUp serves its clients with coaching, AI tech and behavioral science to foster better mental health. [CNET]
Pacaso pulled in $75M. Following its launch in October of last year, the real estate company received an investment led by Greycroft and Global Founders Capital and has established itself as a unicorn. Its marketplace lets prospective owners purchase fractions of listings in an effort to “democratize second home ownership.” It’s planning to invest in expanding into additional markets. [Built In SF]
Lattice got $60M. Its platform provides HR teams real-time insights to employees’ feelings about things such as diversity and preferred management styles. With its Tiger Global-led Series E, Lattice hopes to increase its headcount, launch new products and grow its international presence. Currently, it’s hiring for roles in marketing, product, people and more. [Built In SF]
Ease raised $41M. Ease’s cloud-based platform helps SMBs efficiently dole out employee benefits by working alongside insurance brokers to modernize offerings. Having seen an increase in demand for its product during the pandemic, this Series C funding led by Spectrum Equity will help Ease foster more company growth. [Built In SF]
In more VC funding news: Provider of alt-protein substitutes for chicken and eggs Eat Just closed on a $200 million round led by Qatar Investment Authority on its way to create a sustainable food system. [TechCrunch]
Great Hill Partners invested $150 million in identity verification startup Jumio to help it automate its tech solutions, expand its platform and grow its suite of AML compliance services. [Jumio]
San Mateo-based business tech company Veev pulled in $100 million through TASE UP to expand its operations and its business reach. [FinSMEs]
AKASA and its AI-based automation platform pulled in $60 million in a Series B led by BOND to hire new talent, scale its operations, accelerate product delivery and invest in sales and marketing. [PR Newswire]
With its virtual office platform for remote work, Teamflow pulled in $11 million in Series A funding to invest in hiring new team members and to fuel company growth.
