Millions of dollars were invested in up-and-coming tech startups around the Bay Area last week. Some companies announced plans to soon go public and other tech unicorns got even bigger. This is the Built In SF weekly refresh.
Nuro raised $600M. The company gained $600 million a year after landing $500 million in a Series C funding round. Nuro builds self-driving electric vehicles which are meant to transport goods and already has pilot programs with Dominos and FedEx. Nuro is currently hiring for dozens of tech roles. [Built In SF]
Facebook to buy Within. As Facebook works to rebrand as Meta, the tech giant bought the creator of VR fitness app Supernatural. Supernatural provides cardio exercises that virtually put users in different settings like Mars. The acquisition will allow LA-based Within to operate independently and be part of Meta’s Reality Labs. [Built In SF]
Lime raised $523M. The electric micromobility company raised over $500 million in term loan financing and convertible debt, bringing Lime one step closer to becoming a publicly traded company next year. The latest funding will go towards decarbonization efforts and allow Lime to expand into more cities. [TechCrunch]
SAN FRANCISCO TECH QUOTE OF THE WEEK
HoneyBook hits 2.4B valuation. HoneyBook raised $250 million in its latest funding round, which raised its valuation over $2 billion. HoneyBook operates as a financial and client management platform for small business owners and freelancers, helping clients with things like billing and contracts. The company now hiring for eight roles open. [Built In SF]
Everlaw gained $202M. The company is now valued at over $2 billion after its latest funding round. Everlaw is a litigation and investigation platform used by law firms and attorney generals. The company uses cloud and AI power to manage client data and keep records secure. The funding will be used to expand the company’s efforts. [PR Newswire]
Plate IQ raised $160M. FTV Capital invested in Plate IQ and appointed Barrett Boston as Plate IQ’s chief executive. Plate IQ is an automated payable software that helps businesses and consumers with vendor payments. [Wall Street Journal]
Lever gained $50M. The fresh funding will be used to expand the company into new markets and accelerate product development. Lever is a talent acquisition platform that uses DEI data to track inclusive hiring practices and helps talent acquisition leaders track applicant status and manage candidate relationships. Lever is currently hiring for several tech roles. [Built In SF]
Fountain brought in $85M. Fountain is an all-in-one tracking system for high volume hiring. The recent funding round will be used to continue to innovate and also grow its teams. Fountain has raised $119 million to date. [Built In SF]
More VC funding news: Healthtech company Notable raised $100 million, which will be used to further its efforts to streamline administrative tasks in healthcare. [Crunchbase]
Sofar Ocean raised $39 million to expand globally. The company will continue gathering data on our oceans to track weather patterns and find locations ideal for clean energy sites. [Built In SF]
Sales and intelligence software for B2B companies Apollo.io gained $32 million in funding to accelerate its go-to-market approach. [TechCrunch]
