Unicorn Nest news
Ocrolus Lands $80M Series C Financing Round
– Ocrolus, a San Francisco-based automation platform that analyzes financial documents with over 99% accuracy, announced $80m in Series C funding.
– The round was led by Fin VC at a valuation north of $500m.
– Additional participants in the round were Thomvest Ventures, Mubadala Capital, Oak HC/FT, FinTech Collective, QED Investors, Bullpen Capital, ValueStream Ventures, Laconia, RiverPark Ventures, Invicta Growth, Stage 2 Capital, and Cross River Bank.
– The company plans to use its new funding to more aggressively build products for the mortgage lending and banking industries and expand its US operations.
Unicorn Nest news
Ribbon Raises $150 Million to Expand Digital Homebuying Platform Nationally
– Ribbon, the homeownership company, announces today it has secured $150 million, inclusive of $75 million in Series C equity financing and $75 million in additional working capital.
– The Series C was led by Greenspring Associates, with participation from existing investors Greylock, Bain Capital Ventures, NFX, Nyca, Thomvest and Jake Seid.
– This investment will enable more than $10 billion in home transactions annually, and fuel Ribbon’s swift expansion into new states.
Unicorn Nest news
Insurtech startup Obie raises $10.7M Series A led by Battery Ventures
– Obie, an insurtech platform for landlords, raised $10.7m in a Series A funding round led by Battery Ventures.
– Thomvest Ventures, Funders Club, MetaProp and Second Century Ventures also participated in the financing.
– The company offers instant quotes (by instant, they mean in about three to five minutes).
– The company claims to save policyholders up to 25-30% compared to other insurance premiums.
Unicorn Nest news
Clari revenue forecasting platform snags $150M investment and triples valuation to $1.6B
– Clari, a revenue operations platform, raised $150m in Series E funding.
– The round was led by Silver Lake and joined by B Capital Group and existing investors Sequoia Capital, Bain Capital Ventures, Sapphire Ventures, Madrona Ventures, Thomvest and Tenaya Capital.
– The company reports it has now raised a total of $285m.
– The company plans to double its employee headcount by the end of 2021.