9 Bay Area Startups, Led by Affirm, Raised Over $1.1B Last Week

Affirm led the pack last week with $500 million raised in a Series G announced on Friday, followed by Airtable and AppDirect, which each raised $185 million.

Written by Jeremy Porr
Published on Sep. 21, 2020
9 Bay Area Startups, Led by Affirm, Raised Over $1.1B Last Week
A look at Sutro Tower over the Golden Gate Bridge.
photo: shutterstock

Affirm grabbed $500M. The Series G for the fintech startup was led by GIC and brings the company’s total funding raised to $1.3 billion. Affirm partners with online vendors to allow shoppers to make payments in installments instead of all at once. The company is now hiring for roles in finance, customer success, operations, product, engineering and more. [Built In SF]

Airtable raised $185M. The latest round, led by Thrive Capital, brings Airtable’s total funding raised to more than $350 million and total valuation to more than $2.5 billion. The company is now hiring, with more than 30 open positions across various departments in its offices in San Francisco, NYC, Austin and Mountain View. [Built In SF]

Also in San FranciscoTikTok-Oracle Deal, Stripe Pays Workers to Leave SF, and More

AppDirect got $185M. The growth financing from Caisse de Dépôt et Placement du Québec will be used to fuel the company’s global expansion efforts. The company will also use the additional capital to pursue strategic acquisitions and additional hiring efforts. With AppDirect, developers can integrate, manage and market their products within a digital marketplace. [Built In SF]

Tonal grabbed $110M. The intelligent at-home gym has received investments from a handful of professional athletes including Steph Curry, Paul George and Serena Williams. The company plans to use the new capital to speed up its logistics and supply chain in order to meet increased demand. It’s currently hiring for roles across its design and hardware teams. [Built In SF]

Observe.AI landed $54M. The Series B for the contact center AI platform was led by Menlo Ventures with participation from Next47 Ventures, and NGP Capital. The company will use the additional capital to expand its go-to market programs and continue to invest in research and development. The company’s platform enables organizations to analyze calls and streamline quality assurance workflows in order to improve customer experiences. [FinSMEs]

Volansi raked in $50M. The Series B round for the drone manufacturer will be used to build out its drone delivery service and rapidly scale its operations, in the United States and abroad. The company will be looking to add engineers, developers, and operators to its team as it continues to grow. [Built In SF]

Veem Secures raised $31M. The latest round for the global payments network was led by Truist Ventures. The additional capital will go toward building on strategic partnerships and expanding the company’s global footprint. Veem offers a suite of payment services to establish and strengthen partner and supplier relationships. The platform also integrates with QuickBooks, Xero and NetSuite. [GlobeNewswire]

Brightspeed grabbed $27M. Brightseed’s phytonutrient identification tech is used to identify the presence of specific nutrients in plants that are believed to boost human health. The company will use the new funding to complete clinical studies in order to provide evidence of the benefits of phytonutrients. [TechCrunch]

Rapid.AI got $25M. The Series B round for the advanced imaging platform was led by Lennertz and Co. Building. The company’s advanced cerebrovascular imaging products are used for patient care, research, and clinical trials. The additional capital will go toward product research and development. [RapidAI]

Hiring Now
Cloud • Information Technology • Productivity • Security • Software