10 SF Startups, Led by Freenome and Mural, Raised $800M+ Last Week

In a massive showing for Bay Area tech companies, each of the top five funding rounds announced last week totaled $100 million or more.

Written by Jeremy Porr
Published on Aug. 31, 2020
10 SF Startups, Led by Freenome and Mural, Raised $800M+ Last Week
The TransAmerica building in San Francisco.
photo: Shutterstock

Freenome grabbed $270M. The Series C for the biotech company was led by Bain Capital Life Sciences and Perceptive Advisors. The additional capital will be used to accelerate Freenome’s blood test for colorectal cancer screening and precancerous lesion detection. The funding will also be put toward advancing blood tests for the early detection of additional cancers. [Businesswire]

Mural got $118M. The Series B for the visual collaboration platform was led by Insight Partners and Tiger Global. The additional funding will be used to expand the company’s global go-to operations as well as its product offerings. Mural plans to grow its headcount to 300 by the end of the year. [Built In SF]

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Lyra Health raised $110M. The Series D round for the healthtech unicorn was led by Addition. The additional capital will be used to partner with more customers, expand and diversify its provider network and further invest in its teletherapy tool, Lyra Blended Care. The new tool features video therapy sessions with personalized digital lessons and exercises rooted in cognitive therapy principles. [Built In SF]

Redis Labs landed $100M. The Series D round for the data management platform was co-led by Bain Capital Ventures and TCV. The real-time data platform enables enterprises to manage, process, maximize and leverage their data in an effort to improve the consumer experience. [Solutions Review]

Synthego got $100M. The biotech startup created a machine learning-based approach to engineering genomes. Synthego will use the additional capital to expand the capabilities of its platforms that are designed to produce reagents and cells to support basic research and clinical trials. [VentureBeat]

Course Hero raised $70M. The Series B extension solidifies the edtech startup’s unicorn status with a valuation of $1.1 billion. The round, which now totals $80 million, was led by NewView Capital and will go toward expanding operations, developing new features and investing in product research. Course Hero is an online platform for students to share notes, assignments and course materials with their peers. [Built In SF]

Split landed $33M. The feature delivery platform closed on a Series C led by Comcast Ventures. The company will use the additional funding to accelerate product leadership, bring to market additional data integrations and expand enterprise sales and customer success teams. [finSMEs]

Finix grabbed $30M. The payment infrastructure startup closed on a Series B extension led by Lightspeed Venture Partners and American Express Ventures. In addition to advancing product development, the additional capital will be used to more than double the size of the startup’s 85-person team. Multiple roles are available in engineering, product and design. [Built In SF]

Trove got $16M. The e-commerce platform continues to fundraise as it closes out its round, led by Andreessen Horowitz. Trove sells a suite of internal compensation tools to other startups and recently graduated from this summer’s Y Combinator batch with a $75 million valuation. [TechCrunch]

Juni Learning raised $10.5M. The Series A for the edtech platform was led by Forerunner Ventures with additional participation from AME Cloud Ventures. Juni offers online courses for middle school and high school students. Curriculums will be accessible via one-on-one sessions as well as learning pods or cohorts of up to four students per class beginning in September of 2020. [FinSMEs]

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