Lyra Health Raised $235M, Handshake Got $200M, and More SF Tech News

Here’s what you may have missed in the world of San Francisco tech.

Written by Delilah Alvarado
Published on Jan. 24, 2022
Lyra Health Raised $235M, Handshake Got $200M, and More SF Tech News
Photo: Lyra Health / Facebook
Photo: Lyra Health / Facebook

The Bay Area tech scene saw another busy week of huge funding rounds landed by companies working toward a different future. This is the Built In SF weekly refresh.

Lyra Health raised $235M. Lyra Health provides workforce mental health solutions to businesses, with big clients including well-known names like Facebook and Pinterest. Dragoneer led the funding round which will allow the company to expand its services globally, as well as gain a new member to its board of directors. [AP News]

Handshake gained $200M. Handshake is a career and networking platform similar to LinkedIn, but with a focus on helping young adults and college students in future careers instead of past experience. This fresh funding brought its valuation up to $3.5 billion, and will help the company create scholarships for historically Black colleges and help support students from underrepresented backgrounds. [Built In SF]

6sense raised $200M. 6sense provides an account engagement platform that uses AI and machine learning to help B2B businesses attain revenue growth. 6sense closed a Series E funding round, bringing its valuation to $5.2 billion. The funding raised will go toward several initiatives including investing in its technology and people. [PR Newswire]

SAN FRANCISCO TECH QUOTE OF THE WEEK

“Employees have more choice than ever before, and they’re exercising that agency to choose jobs that meet their expectations for growth and fulfillment. Companies that embrace this and build their people systems with the success of their employees at the center are the ones that will thrive in the new world of work.” — Jack Altman, co-founder and CEO of Lattice

Lattice raised $175M. Lattice is the HR platform offering employee services and HR management. The round was led by Thrive Capital and will help the company continue to expand its team, with 85 current tech openings waiting to be filled. [Built In SF]

Ironclad gained $150M. Ironclad’s Series E financing round was led by Franklin Templeton. Ironclad offers a contracting management platform used by big names such as L'Oréal and Staples that can find data inside contracts and gain insights that could be beneficial to the company. Funding will go into its platform to expand across all types of businesses. [PR Newswire]  

Big Health gained $75M. Big Health focuses on mental health by providing non-drug alternatives for mental health concerns ranging from anxiety to insomnia. The company’s Series C funding round will be used to launch six new digital therapeutics by 2024, in addition to funding its commercial growth and product strategy. [Big Health]

In more VC funding news: HappyCo, a provider of conditions data of rental properties, raised $52 million to expand its platform. [PR Newswire]

Banyan Security, the San Francisco-based provider of a cybersecurity platform offering zero-trust access, gained $30 million to invest in marketing, sales and expand the team. [Built In SF]

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