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San Francisco-based Mode, provider of a collaborative data science platform, announced that it has raised $23 million in a Series C round led by Valor Equity Partners. Foundation Capital and REV Venture Partners, which led the company's Series A and B financing rounds, also participated in the latest funding. Jake Klamka, founder and CEO of Insight Data Science, and Tribe Capital also participated. The company, founded in 2013, has now raised $50 million in total capital. David Obrand, a partner at Valor, has joined the company's board.
San Mateo, California-based Lime, the fast-growing provider of electric scooters and bikes for short-term rentals, announced it has raised $310 million in Series D financing at a $2.4 billion valuation. A group of returning backers and new investors, Andreessen Horowitz, Bain Capital Ventures, Fidelity Investments, GV and IVP, led the round. Existing investors Alphabet, Coatue Management, Fifth Wall Ventures, DCM Ventures, GGV Capital, Singapore’s GIC and others also joined the round with several new investors, including GSV Capital, FJ Labs, Bling Capital, Europe’s GR Capital and St. Augustine Partners.
Mountain View, California-based vArmour, provider of API-driven cloud security, today announced it has raised $44 million in Series E funding. AllegisCyber and NightDragon led the round, with participation from existing investors.
New York-based by Humankind, maker of responsible alternatives to personal care products, emerged from stealth and announced it has raised $4 million in seed funding led by Lerer Hippeau. Other investors include Red Sea Ventures, BoxGroup, SV Angel, Great Oaks, SoulCycle Co-Founder Elizabeth Cutler, and Adobe CPO Scott Belsky, among others. The company was founded last year by Brian Bushell and Joshua Goodman.
Westlake Village, California-based Avinew, an Insurtech company focused on autonomous and semi-autonomous vehicles, announced it has raised $5 million in seed funding. Crosscut Ventures led the round, with additional participation from American Family Ventures, Draper Frontier and RPM Ventures. The company was founded in 2016.
Palo Alto, California-based Salt Security, which provides API threat protection services, announced it has raised $10 million in funding. The round includes investments from Israel-based S Capital, which is comprised of Sequoia Capital Israel founders. Other investors include Kevin Mahaffey, co-founder of Lookout and expert at Y Combinator, and Marius Nacht, chairman and co-founder of Check Point Software. S Capital Founding Partner Haim Sadger has joined the board.
San Francisco hair color beauty company Madison Reed announced it has raised $51 million in Series D growth capital led by existing investors Norwest Venture Partners and True Ventures. Also participating in the round was Comcast Ventures and new investor Meaningful Partners. The company, founded in 2013, previously raised about $70 million.
San Mateo, California-based Obo, provider of a product design system, emerged from stealth and disclosed it had raised $8.2 million in funding led by Wildcat Venture Partners and TDF Ventures.
Palo Alto, California-based Swarm Technologies, which develops low-cost satellite communications network, announced it has raised $25 million in Series A funding. The round was led by Craft Ventures and Sky Dayton, founder of EarthLink and Boingo, with participation from Social Capital, 4DX Ventures and NJF Capital. The company, founded in 2017, has now raised $28 million in funding. Swarm was founded in 2017 by Sara Spangelo, a former NASA engineer, and Ben Longmier, former University of Michigan professor in aerospace engineering and postdoctoral fellow at NASA Johnson Space Center. Swarm said it will use the capital to hire and to deploy a constellation of 150 satellites over the next 18 months.
Chicago-based Chowbus, which operates a marketplace for diners to explore and order high-quality authentic food, has raised a $4 million round of funding led by Greycroft Partners and FJ Labs, with additional investment from Hyde Park Angels, Fika Ventures and individual investors. The company was founded in 2015 by CEO Linxin Wen and CTO Suyu Zhang.