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Inside Venture Capital

Inside Venture Capital (Jan 17th, 2020)

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  1. VCs are just tired: TechCrunch goes to San Francisco to look into how the concentration of funds in fewer rounds has affected the industry’s actors.
  2. Growing Product and Engineering Orgs from Zero to IPO: Redpoint Ventures’ managing director Tomasz Tunguz (ThredUp) prepares for an interview with Nick Caldwell.
  3. Joby Aviation (Santa Cruz, CA), electric air taxi developer: $590M C led by Toyota Motor Corporation, participation from SPARX Group, Intel Capital, Capricorn Investment Group, JetBlue Technology Ventures, Toyota AI Ventures, AME Cloud Ventures, Baillie Gifford, Global Oryx.
  4. Arrival (UK), electric vans: $112M from Hyundai Motor Company, Kia Motors Corporation.
  5. SiteMinder (Australia), software for the hotel industry: $70M from BlackRock. Was valued at $750M.
  6. LaunchDarkly (Oakland, CA), feature management platform software teams for expedited dev: $54M led by Bessemer Venture Partners, participation from Threshold Ventures, Redpoint Ventures, Uncork Capital, Vertex Ventures, Bloomberg Beta.
  7. Funnel (Stockholm, Sweden), marketing data preparation platform: $47M B led by Eight Roads Ventures, F-Prime Capital, participation from Balderton Capital, Oxx, Zobito, Industrifonden, Kreos Capital.
  8. Getir (Turkey), grocery delivery startup: $38M A from Sequoia.
  9. SpinLaunch (Long Beach, CA), kinetic launch system: $35M B from Airbus Ventures, GV, KPCB, Catapult Ventures, Lauder Partners, John Doerr, Byers Family.
  10. WorkBoard (Redwood City, CA), management solutions provider: $30M C led by Andreessen Horowitz, participation from GGV Capital, M12, Workday Ventures.

--Enterprise--

-- Phenom (Philadelphia, PA), HR platform: $30M C led by WestBridge Capital, participation from AllianceBernstein Private Credit Investors’ Growth Stage Capital Group, AXA Venture Partners, Sierra Ventures, Omidyar Technology Ventures, Sigma Prime Ventures, Karlani Capital.

-- A12 Incubator (Seattle, WA), AI-first tech startups accelerator: $10M from Madrona Venture Group, Sequoia, Kleiner Perkins, Two Sigma Ventures.

--Dev--

-- Epsagon (New York, NY), microservices application monitoring: $16M A led by U.S. Venture Partners, participation from Lightspeed Venture Partners, StageOne Ventures.

--Adtech/Martech--

-- Feathr (Gainesville, FL), advertisement platform for the association and event industries: $11M B led by Fulcrum Equity Partners, participation from Freeman Digital Ventures, Florida Gulfshore Capital, Florida Opportunity Fund.

--Biotech/Health--

-- Nano-X Imaging (Neve Ilan, Israel), digital X-ray device: $26M from Foxconn, Fujifilm, SK Telecom, et al.

-- Gentem (San Francisco, CA), reimbursement platform for doctors' offices: $3.7M led by Susa Ventures, participation from Village Global, Vulcan Capital, Hustle Fund, 500 Fintech, Social Starts, Great Oaks VC, et al.

-- CellFE (San Carlos, CA), microfluidics-based device gene-editing molecule delivery: $3.6M Seed from Cota Capital, Dynamk Capital, Embark Ventures.

--Energy--

-- Leap (San Francisco, CA), universal distributed energy: $8.2M Equity & Debt led by Union Square Ventures, participation from Congruent Ventures, National Grid Partners, Powerhouse Ventures, Elemental Excelerator, FJ Labs.

-- Rebound Technologies (Denver, CO), efficient alternative to traditional vapor compression cooling systems: $5M A led by Clean Energy Ventures, Skyview Ventures, participation from Autodesk Foundation.

--Cybersecurity--

-- Cyral (San Francisco, CA), cloud repository-stored data protection: $11M A led by Redpoint Ventures, participation from A.Capital Ventures, Costanoa VC, Firebolt, SV Angel and Trifecta Capital.

--Lifestyle--

-- Tigers Childcare (Dublin, Ireland), childcare providers: $6.1M from DunPort Capital Management.

--Greentech--

-- Loliware (New York, NY), kelp-based biodegradable straws: $6M Seed from New York Ventures, Magic Hour, For Good VC, Hatzimemos/Libby, Geekdom Fund, HUmanCo VC, CityRock Closed Loop Partners, et al.

--Deeptech--

-- Xanadu (Toronto, Canada), photonics-based quantum computer for greater energy efficiency: $4.4M from Sustainable Development Technology Canada.

--Fintech--

-- U-Nest (North Hollywood, CA), college savings app: $1M from Northwestern Mutual Future Ventures, Group 11, The Artemis Fund, Draper Dragon, Unlock Ventures, Vested Ventures, et al.

This week's funding came in at  $4,626,650,000, $500M below the year's average and $200M below its median.

--Funding Breakdown--

--Transportation--

2 Deals: $702,000,000

--Enterprise--

4 Deals: $140,000,000

--Dev--

2 Deals: $70,000,000

--Adtech/Martech--

2 Deals: $58,000,000

--Consumer Internet--

1 Deal: $38,000,000

--SpaceTech--

1 Deal: $35,000,000

--Biotech/Health--

3 Deals: $33,300,000

--Energy--

2 Deals: $13,200,000

--Cybersecurity--

1 Deal: $11,000,000

--Lifestyle--

1 Deal: $6,100,000

--Greentech--

1 Deal: $6,000,000

--Deeptech--

1 Deal: $4,400,000

--Fintech--

1 Deal: $1,000,000

Inside VC's writer/curator Stephen currently lives in Berlin and is pursuing a Master's degree in philosophy. He otherwise enjoys cooking Indian/Southeast Asian cuisine, received his Bachelors in NYC, and lived almost two years in Bucharest.

Editor: Sheena Vasani, staff writer at Inside.

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