It was another busy week of venture deals in the Bay Area, and these were nine of the biggest San Francisco funding rounds announced:
Quizlet raised $30M. The edtech company assists students and teachers with online learning and is offering free subscriptions to educators affected by COVID-19 through the end of July. [Built In SF]
Envoy grabs $30M. The workplace platform provider is beta testing Envoy Protect, a new suite of tools intended to make office spaces safer once people return to work. The new platform features touch-free sign-in capabilities for office guests, and an office capacity monitoring system that regulates how many people can be in a room. [Built In SF]
FortressIQ pulled in $30M. The company plans on using the newly acquired financing to advance AI that has the ability to process automation via imitation learning. The round was led by M12 and Tiger Global Management, with additional help from existing investors. [FortressIQ]
Carbon Health got $26M. The company offers virtual urgent, primary, pediatric and orthopedic care, as well as mental-health services, in 16 states. The round was led by existing investor DCVC. [Built In SF]
Lilt grabs $25M. The language service platform is compatible with over 40 different languages and has the ability to translate and automate responses that are consistent with a client’s existing brand voice. [Built In SF]
Deep Labs raised $16M. The startup was founded in 2016 and uses AI to authenticate and authorize financial transactions. Its customers include Visa and American Express. The round was led by Corsair Capital partner Gunnar Overstrom, Serendipity Capital and Gramercy Ventures. [FinSMEs]
Mos got $13M. Sequoia Capital led the Series A round, which was also joined by high-profile investors including Golden State Warriors star Stephen Curry and Zoom CEO Eric Yuan. The startup, founded in 2017, helps students navigate financial aid solutions. It just launched a new tool specifically tailored to helping students do so amid the COVID-19 pandemic. [Built In SF]
Span pulled in $10M. The smart panel startup offers clean, solar energy solutions and is hoping to expand its operations across the United States. Since 2019, the company has seen high demand for its products. The Series A round was led by ArcTern Ventures. [FinSMEs]
LoanSnap raised $10M. Electronic music duo The Chainsmokers have launched their own investment firm, called MANTIS, and this fintech startup is one of its first investments. The company provides automated loans via an AI platform. Previous investors in the startup include Richard Branson’s Virgin Group and Joe Montana’s Liquid 2 Ventures. [Built In SF]
