Unicorn Nest news
Vic.ai, an AI-powered accounting automation platform, raises $50M
– Vic, a startup developing software to automate accounting and financial processes, announced that it closed a $50m series B financing round with participation from GGV Capital, Cowboy Ventures, and Costanoa Ventures.
– Pivoting away from its initial focus on accounting professionals, Vic says it’ll use the capital to expand its existing enterprise offering as well as build out its financial intelligence engine.
Unicorn Nest news
Homebase Announces $71 Million in Series C Funding
– Homebase announced its $71m Series C funding round to expand its products and services.
– With $109m in total funding to date, Homebase is also launching new innovative tools for HR and payroll that broaden its offering for small business owners and accelerate the company’s growth and expansion.
– This funding round was led by new investor, GGV Capital, and includes existing investors Bain Capital Ventures, Baseline Ventures, Bedrock Capital, Cowboy Ventures, and Khosla Ventures, and additional investor PLUS Capital.
Unicorn Nest news
Mobile.dev launches with $3M seed to catch app issues pre-production
– Mobile.dev, a new startup from a former Uber engineer, wants to flip that story and catch errors before the app launches.
– The company emerged from stealth with a beta of their solution and a $3 million seed investment led by Cowboy Ventures with participation from multiple tech luminaries.
– The company launched during the pandemic and with just the two founders involved have been fully remote up until now, and they intend to keep it that way as they add new employees in the coming months.
Unicorn Nest news
Drata Raises $25M in Series A Funding
– Drata is a security and compliance automation company.
– Company raised $25M in Series A funding.
– The round was led by GGV Capital with participation from new investors Okta Ventures and Silicon Valley CISO Investors (SVCI), as well as insiders Cowboy Ventures and Leaders Fund, along with several strategic investors and security practitioners.
– The new investment will be used to hire across key go-to-market functions and expand the platform beyond SOC 2 into ISO 27001, the European compliance counterpart, as well as additional security frameworks.
Unicorn Nest news
Guild Education valued at $3.75 billion with newest round
– Guild Education, a lifelong learning platform, raised $150m in Series E funding.
– The round was led by Bessemer Venture Partners, Cowboy Ventures, D1, Emerson Collective, General Catalyst, GSV, Harrison Metal, ICONIQ, Redpoint and Salesforce Ventures.
– The company plans to grow its coaching team, expand its learning marketplaces with more short-term certificate opportunities and double down on its outreach with historically Black colleges and universities.
Unicorn Nest news
Sales tax compliance and audit startup LumaTax raises $4M
– LumaTax, a tax compliance startup, raised $4m in funding.
– The round was led by Trilogy Equity Partners and joined by Madrona Venture Group, Cowboy Ventures, Greycroft Partners, Vulcan Capital, and KPMG.
Unicorn Nest news
The Landing Raises $2.5M in Seed Funding
– The Landing from San Francisco is a social design platform that empowers everyone to create together.
– Company raised $2.5m in seed funding.
– The round was led by Cowboy Ventures.
– The new investment will be used to expand operations and business reach.
Unicorn Nest news
Lifestyle benefits startup Fringe gets a pandemic boost, raises seed round
– Fringe is a startup that offers companies a personalized marketplace of perks that people really want.
– The company raised $10m in Series A funding.
– The round was led by FirstMark Capital and joined by existing investors, including Cowboy Ventures, and new investors, including RRE Ventures, and others.
– The company plans to use the funding to expand its platform and grow its team.