From healthcare to cybersecurity to fintech, read on to learn what’s new for these Bay Area tech companies after last week’s fresh funding rounds. This is the Built In SF weekly refresh.
Square acquires Afterpay. The creator of Cash App is looking to further the platform by combining Afterpay’s “buy now, pay later” software with its existing tech. Square’s goal with this acquisition is to draw more small merchants to its platform. The $29 billion deal will eventually allow users to manage their installment payments directly from Cash App. [Built In SF]
Hippo Insurance went public. After completing a merger with SPAC Reinvent Technology Partners Z, the Palo Alto-based insurtech unicorn is now valued at $5 billion. With its expected $550 million in proceeds, Hippo is planning to expand into new markets and develop new product offerings as it works to improve the insurance underwriting experience. The company trades under the ticker symbols “HIPO” and “HIPO.WS.” [Built In SF]
SF Tech Quote of the Week
Human Interest got $200M. The company provides small to medium-sized companies with 401(k) plans and automates the set-up process to ultimately help employers and employees save on costs. With its Series D funding, Human Interest is investing in new integrations and partnerships as well as growing its team. It plans to add 200 new members by year’s end. [Built In SF]
Nozomi Networks raised $100M. Serving enterprise customers across a variety of industries, Nozomi provides a security platform that provides network visibility, threat detection and operational insights. With its Series D led by Triangle Peak Partners, Nozomi is gearing up for an IPO. It’s scaling its product development efforts, its go-to-market approach and its team across several roles. [Built In SF]
Instacart appointed a new president. Formerly Facebook’s head of global ad sales, Carolyn Everson will now be responsible for overseeing Instacart’s expansive portfolio of business functions. She has more than 30 years of marketing and customer relations experience and will be reporting to Fidji Simo, Instacart’s CEO and former head of the Facebook app. [Axios]
Cricket Health pulled in $83.5M. Providing a care model for patients with kidney disease, Cricket Health’s platform identifies those with chronic kidney disease, assigns health risks statuses to those patients for providers and delivers stage-specific patient care. With its fresh Series B funding led by Valtruis, the company is fueling expansion to meet growing demand for its platform. To date, it has raised $120 million in funding. [Cricket Health]
Superhuman got $75 million. With its IVP-led Series C funding round, productivity company Superhuman is planning to launch new product features and hire across its engineering, growth, marketing, people and product teams. The company’s subscription-based offering provides users with keyboard shortcuts and smart inboxes to ease the process of email composition. Investors in the round included high-profile names like Dropbox CEO Drew Houston, Arianna Huffington, Ashton Kutcher, Discord CEO Jason Citron and Will Smith. [Built In SF]
In more Bay Area VC funding news: Looking to expand the global art market to include digital art creators, NFT art marketplace platform MakersPlace closed on a $30 million Series A to conduct a hiring spree across several departments. [Built In SF]
With its platform that manages back-office tasks for startups, Zeni secured $34 million in Series B funding to make a range of hires across the board as it continues to scale. Elevation Capital led the round. [Built In SF]
Retail software platform MakerSights raised a $25 million Series B led by G2 Venture Partners to integrate its consumer analytics tech directly into brands’ workflows and help them make more consumer-informed decisions. [BusinessWire]
