- Justos, a startup that says it will be the first insurance company in Brazil to use data when determining rates, has raised a $35.8 million Series A round of funding led by Ribbit Capital. - SoftBank’s Latin American Fund and GGV participated as new investors, in addition to existing backers Kaszek, BigBets, Nubank CEO David Velez and Kavak CEO Carlos Garcia Ottati. - The process to get insurance in the country, by any accounts, is a slow one. It takes up to 72 hours to receive initial coverage and two weeks to receive the final insurance policy. Insurers also take their time in resolving claims related to car damages and loss due to accidents, the entrepreneurs say. They also charge that pricing is often not fair or transparent.

– Flieber, a predictive inventory optimization platform, raised $12m in Series A funding.
– The round was led by GGV Capital and Monashees to bring the company’s total funding to $20m since CEO Fabricio Miranda co-founded Flieber in 2019 with CTO Jair Vercosa.
– The company plans to use the funding to continue developing its inventory optimization platform that uses analytics and machine learning to give multi-channel brands a leg up when it comes to determining what the ideal stock level would be across all of the sales channels and inventory locations.
– The company’s predictive platform puts users in the driver’s seat for sales, supply chain operations and inventory decisions so that they can keep up with the pace of sales so that they avoid having too much, or not enough, inventory.

– Addi is a fintech and digital commerce startup based in Bogota, Colombia, and Sao Paulo, Brazil.
– Company raised $75m in extension Series B funding.
– The round was led by Greycroft with participation from new investors GGV Capital, Citius Capital, and Intersection Growth Partners, as well as existing investors Andreessen Horowitz, Citius VC, Endeavor Catalyst, Foundation Capital, Monashees, and Quona Capital. Union Square’s Opportunity Fund also participated in the round.
– The company will use the funds to continue to scale its current operations in Brazil and Colombia, expand into Mexico in early 2022, enhance its BNPL offering while allowing customers and merchants to pay in new ways through its platform and its app, which launches later this month.

– 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.

– Workstream, a San Francisco, CA-based hiring platform and mobile app that streamlines the sourcing and onboarding of hourly workers, raised $48m in Series B funding.
– The round was co-led by BOND and Coatue, with reinvestment from Founders Fund, and Eric Yuan, CEO of Zoom; Tony Xu, CEO of DoorDash; Ryan Smith, CEO of Qualtrics; Frederic Kerrest, COO of Okta; Basis Set Ventures; CRV; Peterson Ventures; GGV Capital; Jay-Z’s RocNation; Will Smith’s Dreamers VC and others.
– The company intends to use the funds to double the size of its team with numerous hires across sales, marketing and engineering, and continue to invest in growth and product development.

– Monte Carlo, the data reliability company, announced that they have raised $60M in Series C funding from ICONIQ Growth with participation from Salesforce Ventures and existing investors Accel, GGV Capital, and Redpoint Ventures – bringing their total funding to $101M.
– With this round, Monte Carlo will fuel the growth of the Data Observability category, further develop its product offerings for our customers, support more use cases, and expand to new markets.
– Monte Carlo’s Series C establishes the company as the first Data Observability company to reach this milestone, a testament to the team’s industry-defining thought leadership, new product releases, and rapid customer growth.

– Revery, a sleep-focused mobile app, raised $2m in funding.
– The round was led by Sequoia Capital India‘s Surge program and joined by GGV Capital, Pascal Capital, zVentures (Razer’s corporate venture arm) and angel investors like MyFitnessPal co-founder Albert Lee; gaming entrepreneur Juha Paananen; CRED founder Kunal Shah; Mobile Premier League founder Sai Srinivas; Carolin Krenzer; and Josh Lee.
– The company plans to launch its app in the United States later this year.

– Realm, a first-of-its-kind unbiased, centralized and actionable source of information for American homeowners, has raised $12M in Series A funding.
– The round was led by GGV Capital with participation from existing investors Primary Venture Partners, Lerer Hippeau and Liberty Mutual Strategic Ventures.
– This round comes just four months after the company’s market launch and brings the total raised to $15M.

– 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.

– JOKR, a grocery and retail delivery platform, raised $170m in Series A funding.
– The round was led by GGV Capital, Balderton Capital and Tiger Global Management.
– It was joined by Activant Capital, Greycroft, Fabrice Grinda’s FJ Labs, as well as Latin America’s tech-specialized VC firms Kaszek and monashees, and HV Capital.
– Based out of New York, where it launched last month JOKR plans to roll out across cities in the U.S., Latin America and Europe.
– Right now it’s live in nine cities across Latin American countries Brazil, Mexico, Colombia and Peru, as well as Poland and Austria in Europe.

– Singapore-based Next Gen Foods will bring its plant-based chicken alternative to the United States after raising a $20m seed extension.
– Investors included GGV Capital, Bits x Bites, Yeo Hiap Seng, Chris Yeh, and Dele Alli.
– The first $10m was already the largest seed funding ever raised by a plant-based food tech company, based on data from Pitchbook, and now the round totals $30m.
– Part of the funding will be used to fill 50 roles in the U.S. for its research and development, sales, supply chain and finance and marketing teams.

– Mathpresso, a Seoul, South Korea-based provider of a K-12 mobile learning app, raised $50m in Series C funding.
– The round was led by Yellowdog, GGV Capital, Goodwater Capital, KDB, and SKS Private Equity with participation from SoftBank Ventures Asia, Legend Capital, Mirae Asset Venture Investment, and Smilegate Investment.
– The company intends to use the funds to strengthen its AI-based techniques of recommendation algorithms and develop localized business models for its regional offices in Indonesia and Thailand.

– Kikoff, a personal finance platform aimed at helping consumers build credit, announced that it has raised $30m in a Series B round.
– The capital is in addition to the $12.5m the startup raised across previously unannounced seed and Series A rounds, which were both led by Lightspeed Venture Partners.
– Portage Ventures led Kikoff’s Series B, which included participation from Lightspeed Venture Partners, GGV, Coatue and Core Innovation Capital. Previous backers of the company include NBA star Steph Curry, Wex CEO Melissa Smith and Teresa Ressel, former CFO of the U.S. Department of the Treasury.

– Vercel, a platform to develop, preview and ship websites, from single static pages to apps with billions of dynamic pages, and creator of Next.js, the leading React and JavaScript framework for frontend web development, announced that it has secured $102M in Series C funding in a round led by Bedrock Capital with participation from existing investors Accel, CRV, Geodesic Capital, Greenoaks Capital and GV.
– New investors include 8VC, Flex Capital, GGV, Latacora, Salesforce Ventures and Tiger Global.
– The new funding, which brings the total raised to $163M, will be used to scale the Vercel team globally, accelerate research and development, drive platform innovation and accelerate adoption.

– 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.

– Slintel, a startup providing that kind of data, announced a $20m Series A.
– The company has attracted some big-name investors, with GGV leading the round and Accel, Sequoia and Stellaris also participating.
– The investment brings the total raised to over $24m, including a $4.2m seed round from last November.
– The company plans to grow faster again.

– idwall, a Brazilian regtech, raised $38m in Series C funding.
– The round was led by Endurance and joined by GGV Capital, monashees, Canary, Qualcomm Ventures LLC, ONEVC, Peninsula and Norte.
– The company has grown 1,458% between 2017 and 2020, with average growth of 144% per year.
– Its clients include 10 unicorns, two out of the three biggest banks in Brazil and companies such as iFood, Claro, Cielo, Loggi, Ebanx, QuintoAndar and OLX, among others.

– Bowery Farming, the largest vertical farming company in the United States, has secured $300m in additional funding.
РThe round was led by Fidelity Management & Research Company LLC, with significant follow-on investment from existing investors GV (formerly Google Ventures), General Catalyst, GGV Capital, Temasek, Groupe Art̩mis (Pinault-owned), as well as new participation from Amplo and Gaingels, a fund representing the LGBTQ community and allies.

– Snappy, the New York-based tech platform revolutionizing gifting, announced it has completed a $70 million Series C funding round, bringing total funding for the company to over $100 million.
– This latest investment was led by GGV Capital with participation from existing investors 83North, Saban Ventures and Hearst Ventures.
– The company will use these funds to continue to invest in world class talent and innovation as it expands into additional segments and markets, explores acquisitions and continues to redefine the category.
– Hans Tung, managing partner at GGV Capital, whose portfolio includes the likes of Affirm, Airbnb, Coinbase, Peloton, Slack, StockX, TikTok and Wish, will join Snappy’s board as part of the round.

– Vertical farming startup Bowery Farming raised $300m funding.
– The round was led by Fidelity Management & Research Company and joined by GV (formerly Google Ventures), General Catalyst, GGV Capital, Temasek and Groupe Artémis.
– Amplo and Gaingels participated, as well, along with some celebrity individual investors, including Lewis Hamilton, Chris Paul, Natalie Portman, José Andrés and Justin Timberlake.
– The funding comes as Bowery has experienced some impressive real-world growth, touting a 750% increase in availability since January of last year.

– Curebase today announced $15M in Series A funding to continue developing its decentralized clinical trial software platform and virtual research site capabilities, powering research where any patient, anywhere, can be part of clinical trials at home and with their own doctor.
– The financing was led by GGV Capital with participation from Xfund, Bold Capital, and several other institutional funds, and brings the total raised to $19M.
– Jeff Richards, managing partner, GGV Capital will join the board of directors.

– Taos Data is a Beijing, China-based IoT big data platform.
– The company closed $47m Series B financing.
– The round was led by Matrix Partners China, with participation from Sequoia Capital China, GGV Capital, and Index Capital.
– The new investment will be used for technology development and market expansion.

– Singapore-based fintech Thunes raised $60m funding.
– The round was led by Insight Partners and joined by existing investors Helios Investment Partners, GGV Capital, and Checkout.com.
– The company plans to use the funding to expand its operations in new markets.

– Ronovo Surgical, an emerging medtech company focused on innovating minimally invasive (MIS) and digital surgery to address the tremendous needs of the Chinese surgical market, recently announced successful closing of Series A financing.
– The Series A financing was co-led by Matrix Partners China and Vivo Capital, with strong, continued support from seed investor Lilly Asia Ventures (LAV) and participation from GGV Capital.
– Developed by renowned surgeons, medtech veterans and robotics experts, Ronovo was founded in Shanghai in 2019 to establish a transformative technology platform that democratizes MIS and digital surgery in the vastly underserved Chinese surgical market.
– By focusing on the three pillars of simplicity, precision, and intelligence, Ronovo is positioning itself as a gateway to China for cutting edge MIS and digital surgery technology companies from around the world.

– Crosschq is a human intelligence hiring company based in San Francisco, CA.
– The company closed a $13m Series A funding round.
– The round was led by Tiger Global Management with participation from returning investors GGV Capital, Bessemer Venture Partners, Slack Fund, SAP, Intersect Capital, Rocketship.VC, Golden State Warriors NBA All-Star and 3X World Champion Klay Thompson, NBA All-Stars Khris Middleton, Aaron Gordon, and Isaiah Thomas, PGA Pro Cameron Champ, MLB All-Star St. Louis Cardinals Nolan Arenado, and Seattle Seahawks NFL All-Pro DK Metcalf.

– Orca Security is a cloud security solution company based in Los Angeles.
– The company raised $210m in Series C funding.
– The round was led by CapitalG, Alphabet’s independent growth fund, and Redpoint Ventures with participation from existing investors GGV Capital and ICONIQ Growth, as well as Silicon Valley CISO Investments (SVCI), an angel syndicate of 50 prominent CISOs.
– The new investment will be used to continue to expand the company’s business reach.

– Songclip, a music search and sharing platform, raised $11m in funding.
– The round was led by GGV Capital and joined by existing investors including Sequoia Capital, Upfront Ventures, and Shasta Ventures.
– The company plans to use the funding to expand its team and grow its technology.

– Stream, the creator of enterprise-grade activity feed and chat APIs, today announces the close of its $38m Series B funding round, led by Felicis Ventures’ Aydin Senkut with participation from Series A lead investor GGV Capital and 01 Advisors.
– The Series B follows just six months after the company’s $15m Series A round in August 2018, bringing total financing to $53m.
– The accelerated financing rounds signal market uptake of Stream’s innovative technology as chat becomes the dominant medium for day-to-day communications.
– Stream provides APIs which enable product teams to build chat and activity feeds for their applications at scale in a fraction of the time and cost of developing in-house.

– Otter.ai announced that it has raised $50m in a Series B led by Spectrum Equity, with continued participation from Horizons Ventures, Draper Associates, GGV Capital, Draper Dragon Fund, and others to capture unprecedented demand for its online meeting productivity tools.
– John Connolly, Managing Director of Spectrum Equity, will join Otter.ai’s Board of Directors.
– Otter.ai’s AI-powered collaborative note-taking and productivity app work seamlessly with video conferencing platforms like Zoom and Google Meet and with phone calls and other voice communications.
– The round includes a $10m convertible note.

– Labster secured $60m in Series C funding.
– The round was led by new investor Andreessen Horowitz, joined by existing investors GGV Capital, Owl Ventures, Balderton Capital, David Helgason, founder of Unity Technologies, Northzone, Swisscom Ventures, and EduCapital.
– The round brings Labster’s total capital raised to $100m.
– Labster is the award-winning producer of virtual laboratory simulations.
– The latest round of capital will enable Labster to focus on growing the size of its global team to serve students around the world.
– Currently in 70+ countries, Labster has already put together an ambitious roadmap for expansion, and is now hiring across all major teams such as engineering, product, sales and customer success.

– Kong Inc. announced it has closed $100m Series D funding.
– The round was led by Tiger Global Management with participation from existing investors Index Ventures, CRV, GGV Capital and Andreessen Horowitz as well as new investor Goldman Sachs.
– This latest round brings Kong’s total funding to $171m, tripling its valuation to $1.4bn since the Series C round.
– The company will use the capital to scale its go-to-market operations, grow world-class Engineering and Customer Experience teams, and accelerate cloud connectivity with its new SaaS-based Kong Konnect service connectivity platform.
– Kong Konnect is a full-stack service connectivity platform designed for cloud native applications and delivered as a service.