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General Catalyst, Abstract back Wanderlog’s $1.5M round for collaborative travel
General Catalyst, Abstract back Wanderlog’s $1.5M round for collaborative travel
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Unicorn Nest news

General Catalyst, Abstract back Wanderlog’s $1.5M round for collaborative travel

– Wanderlog, a travel itinerary maker and road trip planner, raised $1.5m in seed funding.
– The round was led by General Catalyst and Abstract Ventures.
– The company plans to use the new funding to expand its web and mobile app features, including offering restaurant recommendations, based on Google and Yelp reviews, for those who don’t want to do a bunch of searching and reading reviews.
– The founders declined to share growth metrics, but said the platform is already facilitating thousands of trips per week.
– Customers are already sharing with the founders that the app is good for communication among a large group, where everyone can see what the plans are and discuss them.

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Origin Secures $56M in Series B Funding at $400M Valuation to Support Employee Financial Health on a Global Scale
Origin Secures $56M in Series B Funding at $400M Valuation to Support Employee Financial Health on a Global Scale
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Origin Secures $56M in Series B Funding at $400M Valuation to Support Employee Financial Health on a Global Scale

– Origin, the comprehensive employee financial wellness platform, announced it has raised $56m in Series B funding led by Dick Costolo and Adam Bain’s 01A, General Catalyst and Lachy Groom, with participation from existing investors Founders Fund, Felicis Ventures and Abstract Ventures, bringing its valuation to $400m.
– This funding round will fuel Origin’s customer expansion and new product innovation, following a massive uptick in demand for financial planning benefits as the pandemic increased financial stress for employees.
– Since the COVID-19 pandemic began, 63% of employees reported their financial stress has increased, and more than 80% want advice or validation for their financial decisions.
– To build a happy, healthy, productive and loyal workforce, employers need to provide benefits that truly alleviate the biggest burden on their mental health — finances.

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TrustLayer Raises $15M to Build the Future of Insurance Verification
TrustLayer Raises $15M to Build the Future of Insurance Verification
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TrustLayer Raises $15M to Build the Future of Insurance Verification

– TrustLayer, a collaborative risk management platform, announced it has closed a Series A funding round of $15.1m.
Craft Ventures led the round with participation from Abstract Ventures, Box Group, Propel Venture Partners, NFP Ventures, Sure Ventures, and PruVen Capital.
– TrustLayer is the preferred solution to replace the insurance industry’s antiquated, paper-based methods for verifying coverage, introducing significant risk to supplier-driven sectors such as construction, banking, property management, and sports entertainment.

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Link-in-bio monetization platform Snipfeed raises a $5.5M seed round
Link-in-bio monetization platform Snipfeed raises a $5.5M seed round
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Link-in-bio monetization platform Snipfeed raises a $5.5M seed round

– Snipfeed, a link-in-bio business, raised $5.5m in seed funding.
– The round was led by CRV, Abstract Ventures, Crossbeam (Ali Hamed), id8, Michael Ovitz (founder of CAA), Michael Bosstick, Diaspora Ventures and others.
– The company plans to use the funding to expand its team and build out its product.

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Dover raises $20M to bring the concept of ‘orchestration’ to recruitment
Dover raises $20M to bring the concept of ‘orchestration’ to recruitment
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Dover raises $20M to bring the concept of ‘orchestration’ to recruitment

– Dover, a recruitment orchestration platform, raised $20m in Series A funding.
Tiger Global led the round, with Founders Fund, Abstract Ventures and Y Combinator also investing.
– The company was part of YC’s Summer 2019 class (which debuted in August 2020).
– Since leaving the incubator, it has picked up more than 100 customers, mostly from the world of tech, including ClearCo, Lattice, Samsara and others, even larger companies that you might have assumed would have their own in-house orchestration and automation platforms in place already.
– The company is based in San Francisco.

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Pietra raises $15M from Founders Fund to help creators launch their own product lines
Pietra raises $15M from Founders Fund to help creators launch their own product lines
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Pietra raises $15M from Founders Fund to help creators launch their own product lines

– Pietra, a startup that helps creators launch and scale product lines, raised $15m in Series A funding.
– The round was led by Founders Fund and joined by Andreessen Horowitz, TQ Ventures and Abstract Ventures.
– Pietra allows customers to shop around with a network of suppliers, find which one is best for them and move through the process from crafting samples through order fulfillment with a tech platform to guide them through the process.
– Pietra is trying to help small creators scale their product distribution, but also handle all of the bits that can determine success when it comes to launching a brand in the first place, including building a pre-sale website and building up some attractive marketing images of products.

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Tilled Raises $11M in Series A funding
Tilled Raises $11M in Series A funding
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Tilled Raises $11M in Series A funding

– Tilled from Boulder develops software solutions for the payments industry.
– The company raised $11M in Series A funding.
– The round was led by Canvas Ventures, with participation from Abhinav Tiwari, former head of investments and M&A at Stripe, Henry Ward, founder and CEO at Carta, and existing investors Abstract Ventures, Peterson Ventures, Clocktower Technology Group, and others.
– The new investment will be used to expand operations and business reach.

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Weav raises $4.3M to knit together a universal API for commerce platforms
Weav raises $4.3M to knit together a universal API for commerce platforms
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Weav raises $4.3M to knit together a universal API for commerce platforms

– Weav, a fintech startup, raised $4.3m in funding.
– The round was led by Foundation Capital and joined by Y Combinator, Abstract Ventures, Box Group, LocalGlobe, Operator Partners, Commerce Ventures and SV Angel.
– A slew of founders and executives also put money in the round, including Brex founders Henrique Dubugras and Pedro Franceschi; Ramp founder Karim Atiyeh; Digits founders Jeff Seibert and Wayne Chang; Hatch founder Thomson Nguyen; GoCardless founder Matt Robinson and COO Carlos Gonzalez-Cadenas; Vouch founder Sam Hodges; Plaid’s Charley Ma as well as executives from fintechs such as Square, Modern Treasury and Pagaya.
– Weav is building a universal API for commerce platforms.

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Hatch, a neobank for SMBs, launches with $20M in funding from investors like Kleiner Perkins, Foundation Capital and Plaid’s founders
Hatch, a neobank for SMBs, launches with $20M in funding from investors like Kleiner Perkins, Foundation Capital and Plaid’s founders
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Hatch, a neobank for SMBs, launches with $20M in funding from investors like Kleiner Perkins, Foundation Capital and Plaid’s founders

– Hatch, a fintech startup, raised $20m in funding.
– The funding was led by Kleiner Perkins and joined by Abstract Ventures, SVB and Plaid’s founders.
– The startup offers business checking accounts for small businesses.

Seattle biotech startup Outpace Bio raises $30M to fight cancer with custom-designed proteins
Seattle biotech startup Outpace Bio raises $30M to fight cancer with custom-designed proteins
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Seattle biotech startup Outpace Bio raises $30M to fight cancer with custom-designed proteins

– Outpace Bio raised $30m in Series A funding.
– The round was led by ARTIS Ventures and Lyell Immunopharma, and joined by Abstract Ventures, Civilization Ventures, Mubadala Capital (the asset management arm of Mubadala Investment Company), Playground Global, Sahsen Ventures, and WRF Capital.
– Total funding to date is $30m.

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TrustLayer Snares $6.6M Seed Round
TrustLayer Snares $6.6M Seed Round
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Unicorn Nest news

TrustLayer Snares $6.6M Seed Round

– TrustLayer, a collaborative risk management platform, has completed a $6.6m seed round of financing.
Abstract Ventures led the round with participation from Propel Venture Partners, NFP Ventures, BoxGroup, and Precursor Ventures.
– BrokerTech Ventures (BTV), a group made up of 13 of the most innovative insurance agencies in the U.S. and 11 top-tier insurance companies, is also participating in the seed round.

Source
Citadel ID raises $3.5M for API-delivered income and employment verification
Citadel ID raises $3.5M for API-delivered income and employment verification
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Citadel ID raises $3.5M for API-delivered income and employment verification

– Citadel ID, a startup providing an API-delivered income and employment verification service, raised $3.5m in funding.
– The round was led by Abstract and Soma VC, and joined by ChapterOne, Brianne Kimmel, and denizens with work histories at companies like Zynga (Mark Pincus), Stripe (Lachy Groom), Carta (Henry Ward) and others.
– The company was founded in June of 2020, before raising capital, snagging its first customer and shipping its product all inside of the same year.

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