Chargebee Raised $250M, Cruise Got $1.35B, and More Bay Area Tech News

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

Written by Delilah Alvarado
Published on Feb. 07, 2022
Chargebee Raised $250M, Cruise Got $1.35B, and More Bay Area Tech News
Photo: Shutterstock
Photo: Shutterstock

Sometimes it can be hard to keep up with tech news that continues to dominate the scene, with the Bay Area seeing massive funding, lots of hiring, new innovations and more. This is the Built In SF weekly refresh.

Cruise gained $1.35B. Cruise, a Bay Area company making self-driving cars, gained $1.35 billion from SoftBank Vision Fund and announced it will open its robotaxi services to the public in San Francisco. The recent capital gained will be used to expand Cruise’s team and scale its technology. The driverless program will launch and remain free for now, but it currently has a waitlist that can be found on Cruise’s website. [Built In SF]

Chargebee raised $250M. Chargebee works to help subscription-based businesses deal with internal infrastructure tasks like billing. The company raised $250 million in fresh financing co-led by Tiger Global and Sequoia Capital. The funding will be invested in product innovation as well as expanding globally. There are currently 17 positions available in the company’s Bay Area headquarters. [Built In SF]

SAN FRANCISCO TECH QUOTE OF THE WEEK

“We have a massive opportunity ahead of us and an incredibly bold vision for a world where Productboard is the central product brain — the command center of every digital product organization out there.” – Hubert Palan, CEO of Productboard

Productboard got $125M. The $125 million Series D round co-led by Dragoneer Investment Group and Tiger Global brought Productboard’s valuation to $1.75 billion. The new tech unicorn is a product management platform that can create product roadmaps out of company backlogs and utilizes customer feedback to create insights for the team. The fresh capital raised will allow Productboard to scale its offerings as well as hire more talent. Productboard is looking to fill 50 roles. [Built In SF]

Future raised $75M. Future is a healthtech app providing digital coaching and personalized workout programs. The company’s $75 million Series C round was co-led by SC Holdings and Trustbridge Partners. Additional investors in this round included big names like Kate Hudson, and Kevin Durant. The funding will allow Future to increase its marketing efforts and accelerate product development. The company will also partner with investors Husdson and her brother Oliver Hudson to create a podcast highlighting Future. [Built In SF]

Mos pulled in $40M. Mos launched in 2017 to help students connect to financial aid and scholarships. The company recently raised a $40 million Series B led by Tiger Global to fulfill its new mission of turning Mos into a challenger bank. There is no minimum amount required to open a Mos account, and the debit card skips over late fees, overdraft fees and in-network ATM fees. [TechCrunch]

TCV raised $460M. Technology Crossover Ventures (TCV) announced it raised a $460 million fund to invest in companies raising Series A, B and C rounds. So far the latest fund has invested in two startups — BenchSci and Passport. The investing team will look to invest in more enterprise and consumer companies, and seeks to invest between $10 million and $30 million into these companies. [TechCrunch]

In more VC funding news: Olipop, a healthy and functional soda brand, raised $30 million in Series B funding led by Monogram Capital Partners with participation from celebrities such as Camila Cabello, The Jonas Brothers and Mindy Kaling. [TechCrunch] 

Recruiting platform Hiretual, which will rebrand as HireEZ, raised $26 million in fresh financing and is hiring for over 20 positions across various teams. [Built In SF]

Deepnote, a company that makes shared data science notebooks, raised $20 million in funding that will be used to build out its product and hire more talent. [TechCrunch]

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