There was no shortage of news in the Bay Area last week. A new tech unicorn was announced, a local company was acquired and several others raised multi-million dollar funding rounds. These companies are bucking the trend that the tech industry is slowing down. Find out what these companies are up to next. This is the Built In SF Weekly Refresh.
Magic Eden raised $130M. The Series B round brought NFT marketplace Magic Eden’s valuation to $1.6 billion. The newly minted tech unicorn’s platform allows creators to customize and sell NFTs. With the fresh funding, Magic Eden plans to expand its user experience, including the addition of market insights and analytics. [Built In SF]
Thoma Bravo’s latest $10.4B acquisition. The software investment firm finalized an acquisition with San Francisco-based Anaplan in a $10.4 billion cash transaction. The acquisition was announced in late March but finalized on June 21. Anaplan — a cloud-native platform that helps companies plan, see and run their business — is now a private company. Stockholders received $63.75 per share. [Business Wire]
SF Tech Quote of the Week
Sanas raised $32M. Palo Alto-based Sanas translates sentences and plays them out loud in a user’s voice. The translation startup raked in a $32 million Series A from Insight Partners with participation from other big names like Google Ventures and Assurant Ventures. These funds will be used to grow Sanas’ research and development team and open an additional headquarters in India. [Built In SF]
Courier got $35M in Series B funding. The San Francisco-based startup was founded in 2019 and allows companies to build and send notifications to users across several channels like mobile, text and email. Led by GV, this latest funding round will allow Courier to launch new functionalities to make it easier for developers to send notifications. Courier is actively hiring for its finance, marketing and product teams and expects to grow from 40 employees to 65 later this year. [TechCrunch]
In other funding news: Oakland-based Join raised a $16 million Series A to “double down” on product and market expansion for its construction, engineering and architecture decision-making platform. [TechCrunch]
Neuron7 gained $10 million in a Series A round co-led by Nexus Venture Partners and Battery Ventures. The startup helps businesses weed through customer service records with the goal of resolving issues faster. [TechCrunch]
Afropolitan is building a digital nation for members of the African diaspora and recently raised $2.1 million. [Built In SF]
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