Collective Health Got $280M, ViaBot Raised $6.1M, and More SF Tech News

May 10, 2021
Photo: collective health / facebook

Last week saw new moves on the SF tech scene across industries like healthcare, finance and robotics. Read up on these Bay Area companies’ latest developments. This is the Built In SF weekly refresh.

Collective Health got $280MWith its platform that works to centralize health benefits information for businesses and their employees, the unicorn raised a Series F round to further its platform, expand its partnerships and increase its headcount with a focus on its engineering team. Health Care Service Corporation led the raise. [Built In SF]

Vida Health raised $110MThe healthtech company has seen huge growth over the past year, reportedly tripling its revenue. Now, with its General Atlantic-led Series D capital, it’s planning to scale by expanding its provider network, furthering its machine learning tech and broadening commercialization to help more customers receive continuous mental and physical care. [Business Wire]

SF Tech Quote of the Week

“Clients now expect streamlined communication, seamless payments and the same level of exceptional service online that they were used to receiving from business owners in person. Amid a year of uncertainty, small business owners exemplified innovation and an unrelenting passion for their craft.” —Oz Alon, CEO of HoneyBook

HoneyBook pulled in $155MFollowing its Series D led by Durable Capital Partners LP, fintech company HoneyBook is planning to invest in product development and growing its team. Its platform helps small business owners and freelancers with billing, contracts and tasks of the like. HoneyBook is hiring across product, operations, sales and marketing. [Built In SF]

Mainspring secured $95MWorking to build a net-zero carbon energy grid, the Menlo Park-based power generation startup closed on a Series D round led by Devonshire Investors. It plans to accelerate the delivery of its Mainspring Linear Generator, expand its manufacturing operations and grow its current headcount by 50 percent. [PR Newswire]

Coinbase closes its San Francisco officeBy shutting down its former headquarters, the cryptocurrency company is officially adopting a remote-first work initiative in the wake of the COVID-19 pandemic. It’s decentralizing its workforce to ensure all of its smaller office locations are of equal importance. [Coindesk]

BitGo to be acquired by Galaxy DigitalBased in the Big Apple, fintech company Galaxy Digital announced its plans to purchase BitGo, a Palo Alto-based provider of digital asset financial services. The $1.2 billion transaction is set to close by Q4 this year and marks the first ever $1 billion deal in the cryptocurrency space. [Built In SF]

NurseFly rebrands as Vivian HealthThe company’s platform aims to help healthcare professionals find work, from contract roles to permanent positions. It offers users features for things like job matching, pay analysis, employer reviews and resume building, and it’s available to jobseekers online or via Vivian Health’s mobile app. [Vivian Health]

ViaBot pulled in $6.1MRobot startup ViaBot launched publicly to help property managers deploy its machines to clean up campuses. In response to high demand for its product, ViaBot is investing in expanding its services across the country. Its funding came from investors Baseline Ventures, Morado Ventures, Grit Ventures and SOSV. [Crunchbase News]

In more VC funding news: OKR software developer WorkBoard grabbed $75 million in Series D funding led by SoftBank Group to grow its international footprint and increase its staff headcount from 250 to 400 within the year. [TechCrunch]

Helping businesses create personalized identity verification solutions, Persona has seen plenty of recent growth and is continuing its momentum with a $50 million Series B led by Index Ventures. [Business Wire]

Sequoia led the Series A round for monitoring software company Vanta. The fresh $50 million enables the company to invest in hiring, product, marketing, certification gathering and opening an NYC office. [Forbes]

Smart loan creator LoanSnap raised $30 million in a Series B round to expand into new loan types and serve more markets across the country. True Ventures True Select Fund IV led the round. [FinSMEs]

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