Bay Area tech companies kicked off Q4 with another massive month of VC investments. Read on to see which companies led the way by all landing mega-rounds of $300 million or more.
#5 (tied). $300 million, October 12
With the latest funding round, Plume has now raised $697 million to date. The Palo Alto personalized communication services provider works with other companies to increase their revenue and customer satisfaction. The company continues to expand and plans to hire for remote and in-person positions.
#5 (tied). $300 million, October 8
Virtual professional coaching platform BetterUp raised $300 million in Series E funding last month. The San Francisco company is now the largest mental health and coaching company in the world. The latest funding will allow the company to continue to grow and further its wellness mission. Wellington Management, ICONIQ Growth, and Lightspeed Venture Partners co-led the round.
#4. $304 million, October 26
The Palo Alto company offers a cloud-based platform focused on patient-centered research. The company recently raised $304 million from major investors including Blackstone Growth, GSR Ventures and Tiger Global to keep conducting digital and decentralized clinical trials. The SaaS platform has been used in hybrid clinical trials in 60 countries. Funding will also go toward additional health sectors to accelerate new developments in medicine and life science technologies.
#3. $393 million, October 12
Bolt is the one-click checkout provider used by major retailers such as Forever 21 and Badgley Mischka. The fintech company expects to serve eight out of every ten online shoppers in the U.S. by 2025 based on its growth. The Series D funds raised will go toward expanding its customer base and hiring for a number of remote roles.
#2. $400 million, October 28
Hinge Health raised $400 million in its latest funding round. The San Francisco-based company is focused on bringing a digital solution to those with chronic musculoskeletal (MSK) conditions. co-led by VC heavyweights Tiger Global and Coatue Management co-led the Series E, while Alkeon Capital and Whale Rock invested in a separate investment round. The funding will go into product development and improved patient experiences.
#1. $425 million, October 18
The San Francisco remote hiring company continues its efforts to help companies hire globally as the work-from-home model continues to grow in popularity amid the pandemic. Deel raised $425 million in a Series D round led by Coatue to expand its platform. Deel serves companies such as Dropbox and Shopify. The company is currently hiring for over 70 roles.
