9 Bay Area Tech Startups, Led by LeanTaaS, Raised $630M+ Last Week

Last week was another busy period for tech companies in the Bay Area. New developments are on the rise in real estate, healthtech, sustainability and more.

Written by Ashley Bowden
Published on Dec. 14, 2020
9 Bay Area Tech Startups, Led by LeanTaaS, Raised $630M+ Last Week
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LeanTaaS secured $130MThis Santa Clara software development company’s platform helps hospitals and health systems divvy up and optimize their resources so patients have better access to what they need. The company plans to use the funding to increase the existing suite of medical products, develop new products and expand its engineering, product and go-to-market teams. The Series D round was led by Insight Partners. [Business Wire]

Grove Collaborative raised $125MAs sustainability becomes more of a priority for consumers, this company’s marketplace platform works to deliver home and beauty products with a smaller ecological footprint. Part of the new funding will go toward staffing roles in the company’s engineering, product, finance and HR departments. To date, Grove’s total valuation is more than $1.3 billion. [Built In SF]

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SingleStore got $80MPreviously known as MemSQL, this startup helps companies navigate and utilize the big data spread across various cloud and on-premise environments. The Series E round was led by Insight Partners and will enable SingleStore to invest in hiring, research and development, business development and possibly mergers and acquisition. [TechCrunch]

Calm secured $75MDuring a universally turbulent year, this startup aims to ease some nerves with its meditation app. Its Series C round was led by Lightspeed Venture Partners and will help to grow its workplace presence and expand its team. Remote positions are available across several departments including content, engineering, marketing and sales. The startup’s total valuation to date is $2 billion. [Built In SF]

LendingHome raised $75MThe Series E for the lending company was led by Benefit Street Partners. Its technology helps simplify the borrowing process for real estate investors looking to tackle projects like house flipping. In addition to the funding, the company has announced Michael Bourque as the new CEO as it works to continually grow. [PR Newswire]

Elation Health pulled in $40MA Series C round led by Generation Investment Management will enable the company to help streamline the vaccine distribution process for medical practitioners, as well as help to pursue its mission to improve the healthcare industry for physicians and their patients. The company’s platform works to identify high-priority patients and help providers track doses. [Built In SF]

Sundae got $36MThis real estate marketplace just closed on a funding round that will go toward furthering its platform. Sundae aims to help sellers get seasoned homes ready to hit the market for a fair price with the least amount of hassle. The platform also pairs the properties with potential buyers. The Series B round was led by QED Investors. [Housing Wire]

Tecton secured $35MThe startup’s enterprise feature store is now deliverable as a cloud service. Its platform helps customers combine data to quickly construct and deploy streaming features to production. It’s Series B funding round, led by Andreessen Horowitz and Sequoia Capital, will enable Tecton to accelerate its product innovations and go-to-market activities. [Globe Newswire]

At-Bay raised $34MThe digital insurance startup announced the close of its Series C round led by Qumra Capital. Its automated underwriting platform helps brokers quickly obtain quotes, and provides clients with security insights to prevent cyberattacks. With the new funds, it will be able to expand its headcount, launch new products, improve its platform and establish digital collaborations. [FinSMEs]

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