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Superplastic raises $20M to expand its cartoon influencer universe
Superplastic raises $20M to expand its cartoon influencer universe
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Superplastic raises $20M to expand its cartoon influencer universe

– Superplastic, a company from the creator of Ello and Kidrobot, raised $20m funding.
– The round was led by Google Ventures, Index Ventures, Founders Fund, Craft Ventures, Day One Ventures, Galaxy Digital, Kakao, LINE Friends and individual investors like Cyan Banister, Jared Leto, Justin Timberlake and Scooter Braun.
– The company owns an animated collab house of “synthetic superstars” — characters who live on social media and pop up everywhere else through partnerships with celebrities, iconic fashion brands and gaming platforms.

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Computer vision dev platform Roboflow raises $20M
Computer vision dev platform Roboflow raises $20M
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Computer vision dev platform Roboflow raises $20M

– Roboflow, a Des Moines, Iowa-based startup developing tools for building computer vision models, announced it has raised $20 million in a series A round led by Craft Ventures.
– This brings the company’s total raised to date to $22.2 million, and CEO Joseph Nelson says the money will be put toward ongoing product development and hiring efforts.
– The global computer vision industry was estimated to be worth $11.32 billion in 2020, according to Grand View Research. But while the technology has obvious enterprise applications — computer vision algorithms can be trained to perform tasks like spotting gas leaks, counting pills, and monitoring workplaces to enforce social distancing — companies can face barriers to leveraging it in production. Teams are often faced with rebuilding software infrastructure and attracting the necessary machine learning expertise.

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Viable Raises $3.9M in Funding
Viable Raises $3.9M in Funding
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Viable Raises $3.9M in Funding

– Viable is a San Francisco, CA-based analytics startup using artificial intelligence to automate text analysis of customer feedback.
– The company raised $3.9m in pre-seed and seed funding.
– The round was led by Craft Ventures and Javelin Venture Partners.
– The company intends to use the funds to bring to market its qualitative feedback analysis AI tool.

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Sendoso nabs $100M as its corporate gifting platform passes 20,000 customers
Sendoso nabs $100M as its corporate gifting platform passes 20,000 customers
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Sendoso nabs $100M as its corporate gifting platform passes 20,000 customers

– Sendoso, a gifting platform, raised $100m funding.
– The round was led by SoftBank via its Vision Fund 2.
– Previous investors Oak HC/FT, Struck Capital, Stage 2 Capital, Craft Ventures, Signia Venture Partners and Felicis Ventures also participated.
– The company has more than 20,000 businesses signed up and using its services.

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Callin, David Sacks’ ‘social podcasting’ app, launches and announces a $12M Series A round
Callin, David Sacks’ ‘social podcasting’ app, launches and announces a $12M Series A round
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Callin, David Sacks’ ‘social podcasting’ app, launches and announces a $12M Series A round

– Callin, a social audio app, raised $12m in Series A funding.
– The round was led by Sequoia and joined by Goldcrest and Craft Ventures.
– The company plans to launch on Android in the coming months.

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Moesif Raises $12M to Help Product Leaders Build Better API Experiences
Moesif Raises $12M to Help Product Leaders Build Better API Experiences
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Moesif Raises $12M to Help Product Leaders Build Better API Experiences

– Moesif, which provides product insights into how customers use their APIs and tooling to build better developer experiences, has announced a $12m Series A led by David Sacks and Arra Malekzadeh of Craft Ventures, the latter of whom will join Moesif’s board.
– Previous investor, Merus Capital, also participated in the round, bringing the San Francisco-based startup’s total raise to $15.5m.
– Moesif’s “bottom-up” virality within organizations has led to Moesif’s revenue growing over 20% MoM throughout 2021 as customers rely on Moesif for critical insights into user behavior.
– With the new funding, Moesif plans to hire across engineering, sales, developer relations, and customer success.

Source
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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Verifiable secures $17M for its API that manages healthcare provider information
Verifiable secures $17M for its API that manages healthcare provider information
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Verifiable secures $17M for its API that manages healthcare provider information

– Verifiable, a healthcare provider credentialing API toolkit, raised $17m in Series A funding.
– The round was led by Altman Brothers and joined by David Sacks/Craft Ventures and a group of individual investors including Flexport’s Ryan Petersen, Rippling’s Parker Conrad, Front’s Mathilde Collin, Syapse’s Jonathan Hirsch, Todd Goldberg and Rahul Vohra.
Tiger Global and existing investors also participated in the round.
– The company plans to scale the team.

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SentiLink Secures $70 Million to Reinvent Identity Verification
SentiLink Secures $70 Million to Reinvent Identity Verification
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SentiLink Secures $70 Million to Reinvent Identity Verification

– SentiLink announced a $70m Series B funding round led by David Sacks of Craft Ventures with participation from Felicis Ventures, Andreessen Horowitz, and NYCA.
– This brings SentiLink’s total funding raised to $85m.
– David Sacks and Victoria Treyger from Felicis will be joining SentiLink’s board as observers.
– SentiLink works with over 100 financial institutions, and has verified several hundred million applications to date.
– SentiLink takes a different approach than other companies in the space. Instead of spewing buzzwords like “Artificial Intelligence,” SentiLink focuses on deeply understanding fraud and identity, and then using technology to productionalize these insights.

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ConverseNow boosts restaurant-ordering AI with $15M raise
ConverseNow boosts restaurant-ordering AI with $15M raise
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ConverseNow boosts restaurant-ordering AI with $15M raise

– ConverseNow, a startup developing a platform that automates orders at quick service drive-thru windows, announced that it closed a $15 million series A funding round led by Craft Ventures, with participation from LiveOak Venture Partners, Tensility Venture Partners, Knoll Ventures, Bala Investments, 2048 Ventures, Bridge Investments, Moneta Ventures, and angel investors.
– The proceeds bring the company’s total raised to date to $18.3 million, which CEO Vinay Shukla says will be put toward scaling and creating technologies like “digital line-busting” — some of which will roll out later this year.

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Orum Raises $25M in Funding
Orum Raises $25M in Funding
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Orum Raises $25M in Funding

– Orum is a San Francisco CA-based provider of a sales acceleration platform.
– The company raised $25m in funding.
– The round was led by Craft Ventures with participation from Unusual Ventures and Neo.
– The new investment will be used to accelerate growth, expand operations and business reach.

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Instawork Raises $60M in Series C Funding
Instawork Raises $60M in Series C Funding
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Instawork Raises $60M in Series C Funding

– Instawork is a digital marketplace connecting local businesses with qualified professionals across the U.S.
– The company raised $60m in Series C funding.
– The round was led by Craft Ventures with participation from Greylock, Corner Ventures, Four River Group, WndrCo, and Tilman Fertitta, owner of Landry’s and the Houston Rockets, alongside existing investors Benchmark, Spark Capital, GV, Burst Capital, and SV Angel.
– The new investment will be used to continue expanding into new markets, job categories, and industries.

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Entera Announces $32M Series A Fundraise Led by Goldman Sachs Asset Management
Entera Announces $32M Series A Fundraise Led by Goldman Sachs Asset Management
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Entera Announces $32M Series A Fundraise Led by Goldman Sachs Asset Management

– Entera raised $32m in Series A funding led by Goldman Sachs Asset Management with participation from existing investors including Bullpen Capital, Craft Ventures and Valuestream Ventures.
– The funding will support Entera’s rapid growth as the premier full service SaaS + Services platform for professional single family home investors.
– Entera is the trusted partner to many of the largest single family rental, new construction & fix + flip investors in the world.
– Nearly $1 billion of homes have been transacted on Entera’s platform across 24 markets since its launch in 2018.
– The fundraise reflects Entera’s strong momentum, with transaction volume growing 5x year-over-year.

Source
Cabana Raises $10M in Series A Funding
Cabana Raises $10M in Series A Funding
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Cabana Raises $10M in Series A Funding

– Cabana, a Seattle, WA-based travel tech startup that has built a fleet of mobile hotel rooms, raised $10M in Series A funding.
– The round was co-led by Craft Ventures and Goldcrest Capital with participation from Launch, Castor Ventures, Gaingels, Nordic Eye, and other strategic angels and syndicates.
– The new investment will be used to further expand in new markets and add 100 vehicles to the fleet.

Source
Simplified Raises $2.2M in Funding
Simplified Raises $2.2M in Funding
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Simplified Raises $2.2M in Funding

– Simplified is a San Francisco, CA-based provider of marketing-focused design software.
– Company raised $2.2m in funding.
– Backers included Craft Ventures, Form Capital, GFR Fund, Superhuman’s Rahul Vohra and Todd Goldberg, Manik Gupta, Pelican Ventures’ Ajay Yadav, 8Bit Capital, Early Grey Capital, MyAsia VC and others.
– The new investment will be used to expand operations and business reach.

Source
Compose.ai raises $2.1M to help everyone write faster
Compose.ai raises $2.1M to help everyone write faster
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Compose.ai raises $2.1M to help everyone write faster

– Compose.ai, a language model for writing, raised $2.1m in seed funding.
– The round was led by Craft Ventures and joined by other investors.
– The company is building the capability for its AI-powered backend to learn your voice, imbibe context to help provide better responses, and, in time, absorb a company’s larger voice to help align its aggregate writing output.

Source
Shef raises $20M to expand its homemade meal delivery marketplace
Shef raises $20M to expand its homemade meal delivery marketplace
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Shef raises $20M to expand its homemade meal delivery marketplace

– Shef, a marketplace meant to help home chefs connect with customers, handle orders and get the food delivered, raised $20m in Series A funding.
– The round was led by Andreessen Horowitz and backed by Y Combinator, Craft Ventures, M13 and a bevy of celebrities including Padma Lakshmi, Chef Aarón Sánchez, Katy Perry, Tiffany Haddish, Orlando Bloom and NBA All-Star Andre Iguodala.
– The company plans to use the funds to figure out how to get services like theirs legalized in more markets (they’ve hired Danielle Merida, former general counsel for TaskRabbit, to help there), and to onboard chefs as those new markets come online.
– Shef currently has more than 12,000 home chefs on their wait list.

Source
Fold Raises $13 Million To Bring Bitcoin Rewards to Mass Market
Fold Raises $13 Million To Bring Bitcoin Rewards to Mass Market
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Fold Raises $13 Million To Bring Bitcoin Rewards to Mass Market

– Fold, the top bitcoin rewards app, announces a $13m series A round to fuel its growth.
– Since its launch in 2019, Fold accrued a waitlist of over 250,000 waiting for access to their bitcoin cashback debit card.
– The round was led by Craft Ventures with participation from M13, Slow Ventures and Bessemer Venture Partners.
– In addition, Fold is excited to open access to its bitcoin cashback debit card to all U.S. residents.
– Instead of offering points or airline miles typically found in most card programs, Fold provides bitcoin rewards through a gamified experience that emphasizes healthy financial habits.
– Fold Cardholders can earn variable rewards by spinning a rewards wheel after each qualifying purchase, like earning 100% of their purchase back in bitcoin, or even winning a whole bitcoin, which ten users have done to date.

Source
Waybridge Raises $30MM to Make Physical Commodities Supply Chains More Efficient and Resilient
Waybridge Raises $30MM to Make Physical Commodities Supply Chains More Efficient and Resilient
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Waybridge Raises $30MM to Make Physical Commodities Supply Chains More Efficient and Resilient

– Waybridge, the supply chain platform for raw materials, announced it raised $30m in Series B funding co-led by Rucker Park Capital and Craft Ventures, with participation from Venrock.
– Waybridge solves fundamental inefficiencies in the supply chain, enabling clients to buy and sell commodities with less friction, have real-time visibility into their inventory, track shipments, and save time and money by turning many offline manual processes into automated digital processes.
– The new funding brings the company’s total funds raised to $40M.
– “The power of Waybridge is that we combine the financial, the logistical, and the technological into a single transactional platform that provides valuable insight for everyone in the supply chain,” said Brian O’Kelley, co-founder and CEO of Waybridge.

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Salted Raises $9M in Seed Financing
Salted Raises $9M in Seed Financing
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Salted Raises $9M in Seed Financing

– Salted is a Los Angeles, Calif.-based platform that scales digitally native QSR (Quick Service Restaurant) brands.
– The company raised $9M in seed financing.
– The round was led by Kamine Development Corporation, with participation from Craft Ventures, Valor Equity Partners, Proof Ventures and Wonder Ventures.
– The new investment will be used to continue to expand the company’s business reach.

Source
SnackMagic Raises $15M in Series A Funding
SnackMagic Raises $15M in Series A Funding
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SnackMagic Raises $15M in Series A Funding

– SnackMagic is a NYC-based gift box platform provider.
– Company raised $15m in Series A funding.
– The round was led by Craft Ventures, with participation from Luxor Capital.
– The new investment will be used to build warehouse capacity and logistics support for its line of products.

Sonar, which monitors companies’ Salesforce tech stack for changes, raises $12M
Sonar, which monitors companies’ Salesforce tech stack for changes, raises $12M
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Sonar, which monitors companies’ Salesforce tech stack for changes, raises $12M

– Salesforce has emerged as a formidable force in the cloud-based enterprise software sphere — a $200 billion colossus upon which countless others have built their own billion-dollar businesses.
– Against this backdrop, Sonar today announced it has raised $12 million from a slew of big-name investors, including David Sacks’ Craft Ventures and Slack’s venture capital fund, to bring “X-ray vision” to Salesforce by helping sales teams visualize how all their data is connected and used across related systems.

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TryNow Pioneers “Try Now Buy Later” Category, Raises $12M Series A from Founders of PayPal and Plaid, Shine Capital, Craft Ventures, SciFi VC, and Third Kind VC
TryNow Pioneers “Try Now Buy Later” Category, Raises $12M Series A from Founders of PayPal and Plaid, Shine Capital, Craft Ventures, SciFi VC, and Third Kind VC
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TryNow Pioneers “Try Now Buy Later” Category, Raises $12M Series A from Founders of PayPal and Plaid, Shine Capital, Craft Ventures, SciFi VC, and Third Kind VC

– TryNow, a software platform that enables consumers to easily try items at home before buying, raised a $12m Series A funding round from Shine Capital, Craft Ventures, SciFi VC, Third Kind, and Plaid co-founders Zachary Perret and William Hockey.
– TryNow also hired two key executives from Stitch Fix and Affirm as the company’s VP of Growth Strategy and VP of Platform, respectively.
– TryNow’s software platform brings the dressing room to the living room, allowing consumers to check out for free, try items in the comfort of their own home, return unwanted items easily, and only pay for what they keep.
– TryNow brands see a 63% increase in average order value, a 22% increase in conversion rates, and a 76% increase in return on ad spend.

Source
Writing helper Copy.ai raises $2.9M in a round led by Craft Ventures
Writing helper Copy.ai raises $2.9M in a round led by Craft Ventures
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Writing helper Copy.ai raises $2.9M in a round led by Craft Ventures

– Copy.ai, a startup building AI-powered copywriting tools for business customers, announced a $2.9m funding.
– The investment was led by Craft Ventures and joined by smaller checks from Li Jin’s newly-formed Atelier Ventures, and Sequoia.
– The startup is notable for a few reasons. First for its model of building in public. I initially heard of the company through its monthly updates that it posts on Twitter. Thanks to that, I can tell you that Copy.ai generated monthly recurring revenue (MRR) of $53,600. That figure, up 46% from January, works out to annual recurring revenue (ARR) of $643,200.

Source
River Financial (river.com) raises $12M Series A to continue explosive growth of its Bitcoin financial services for traditional investors
River Financial (river.com) raises $12M Series A to continue explosive growth of its Bitcoin financial services for traditional investors
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River Financial (river.com) raises $12M Series A to continue explosive growth of its Bitcoin financial services for traditional investors

– River Financial closed a $12m Series A equity financing round to continue growing its financial service offerings for traditional investors.
– The investment round was led by Goldcrest Capital with participation from Craft Ventures, Polychain Capital, M13, Castle Island, Slow Ventures, and The Kraft Group.
– River Financial previously announced a $5.7m seed round in June 2020.
– River’s client base has grown by almost 600% and order volumes have increased by 3,500%.
– River’s recent iOS app has accelerated the company’s growth, already accounting for over 30% of all River’s order volume within five weeks of launch.
– River Financial continues to experience exponential growth in new customers and order volume month-over-month as global interest in Bitcoin continues to grow rapidly.

Source
Merchant data platform Woflow emerges from stealth with $3.5M
Merchant data platform Woflow emerges from stealth with $3.5M
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Merchant data platform Woflow emerges from stealth with $3.5M

– Woflow, a San Francisco-based data infrastructure company offering a standardized management platform for enterprises’ merchant data operations, is helping streamline the food delivery ecosystem during the pandemic.
– The company today announced its emergence from stealth with $3.5 million in funding from Craft Ventures and Base10 Partners, which it plans to put toward R&D, including scaling its product for new online ordering verticals and further developing its data science teams.
– IT teams are struggling to make sense of unstructured data, which is a problem for vendors in the food tech industry. Restaurants, for example, need their menu data translated to delivery applications with speed and accuracy, particularly to keep up with pandemic-driven demand. Woflow claims its system gets vendors onto end user enterprise platforms like Doordash within 24 hours instead of the traditional two weeks.

Source
Arist adds $2M to its seed round to grow its SMS-based training service
Arist adds $2M to its seed round to grow its SMS-based training service
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Arist adds $2M to its seed round to grow its SMS-based training service

– Arist, a startup that sells software allowing other organizations to offer SMS-based training to staff, announced that it has extended its seed round to $3.9 million after adding $2 million to its prior raise.
– The company raised $1.9m in its initial seed round, which was led by Craft Ventures at a $15m valuation.
– Following that early investment, the company’s business with large clients performed well, leading to it closing $2m more last December.
– The second deal was led by Global Founders Capital.

Source
Vendr Announces $60 Million Series A to Fuel the Future of SaaS Buying
Vendr Announces $60 Million Series A to Fuel the Future of SaaS Buying
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Vendr Announces $60 Million Series A to Fuel the Future of SaaS Buying

– Vendr, the SaaS buying platform, today announces a $60m Series A led by Tiger Global Management, with participation from existing investors Craft Ventures, Y Combinator, Sound Ventures, Garage Capital, and F-Prime Capital.
– Launched in 2019, Vendr has now facilitated more than $300m in SaaS purchases across 1,000+ suppliers, for customers like HubSpot, Canva, and The Washington Post.
– By empowering buyers to purchase SaaS with ease, Vendr is building the future of frictionless B2B sales.
– With this latest round of financing, Vendr will double down on product expansion and open international operations to service its growing list of global customers.

Source
AgentSync Raises $25M to Accelerate Growth of Comprehensive Producer Management Platform for Insurance Industry
AgentSync Raises $25M to Accelerate Growth of Comprehensive Producer Management Platform for Insurance Industry
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AgentSync Raises $25M to Accelerate Growth of Comprehensive Producer Management Platform for Insurance Industry

– AgentSync announced a $25m Series A funding round.
– The round was co-led by Elad Gil and David Sacks’ Craft Ventures, with participation from Marc Benioff, Caffeinated Capital, Operator Collective, and Nine Four Ventures.
– This brings the company’s valuation to $220m, ten times higher than when the company raised its seed funding in mid-2020.
– AgentSync is tackling one of the biggest barriers to growth and innovation in the fragmented, complex insurance ecosystem – how brokers and insurers connect.
– By leveraging automation and technology to do the heavy lifting surrounding the compliance and management of insurance distribution channels, AgentSync is building the most tech-forward producer management system on the market.

Source
Revenue Team Workspace Company Scratchpad Closes $13 Million
Revenue Team Workspace Company Scratchpad Closes $13 Million
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Revenue Team Workspace Company Scratchpad Closes $13 Million

– Scratchpad is a workspace for revenue teams.
– The company raised $13m in Series A funding.
Craft Ventures led the round and Accel participated.
– David Sacks, founding COO of PayPal, founder/CEO of Yammer and founder/general partner at Craft Ventures, joined the board.

Source
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