- Devo Technology, a startup developing cloud logging and cybersecurity products, announced that it raised $250 million in a series E funding round valuing the company at $1.5 billion. - TCV led the investment along with General Atlantic, Eurazeo, Bessemer Venture Partners, Insight Partners, Georgian, and Kibo Ventures, which brings Devo’s total funds raised to more than $400 million. - CEO Marc van Zadelhoff says that the money will be put toward “aggressive growth” across new regions and verticals and “significantly increas[ing] investment” in channel expansion and product R&D.

– Provi is a Chicago IL-based online ordering platform for the for the beverage alcohol industry.
– Company raised $75M in Series C funding.
– The round was led by D1 Capital Partners with participation from Bessemer Venture Partners, Nosara Capital and CPMG and Instacart President Nilam Ganenthiran.
– The new investment will be used to expand throughout the market, hire and scale its platform.

– Toronto, Canada-based Daylight, formerly FormHero, announced it has raised $12.3 million in a series A round led by RTP Global, Bessemer Venture Partners with participation from Golden Ventures.
– The company says the funds, which bring its total raised to $14.56 million, will be used to support go-to-market activities and expand the capabilities of its automation platform.
– A growing number of businesses are investing in tech-powered solutions to minimize repetitive office processes. In a 2020 McKinsey survey, 66% of enterprises said they were piloting platforms to automate at least one business process. And in a survey conducted by ServiceNow, 86% of respondents said that by 2020 their organizations would require intelligent automation to keep up with business requirements.

– Canva – a global visual communications platform based in Sidney, Australia – raised USD $200m in a funding round which valued the company at USD $40b.
– The round was led by T. Rowe Price with participation from new and existing strategic investors Franklin Templeton, Sequoia Capital Global Equities, Bessemer Venture Partners, Greenoaks Capital, Dragoneer Investments, Blackbird, Felicis, and AirTree Ventures.
– The company intends to use the funds to accelerate growth, including expanding its team of more than 2,000 employees, which it is expected to double in the year ahead.

– Vector.ai, a freight forwarding platform, raised $15m in Series A funding.
– The round was led by Bessemer Venture Partners and joined by existing investors Dynamo Ventures and Episode 1.
– The company plans to accelerate its international expansion plans as an automated system for freight forwarders.

– Melio, a leading B2B payments platform for small businesses, today announced it has raised an additional $250m, tripling the company’s valuation to $4bn since January 2021.
– The Series D round, which comes as the company grew its monthly processing volumes by 5,000% over the last 18 months, was co-led by new investor Thrive Capital of New York, along with existing investor General Catalyst. U.S. investment firm Tiger Global Management also invested in the round, along with existing investors Accel, Bessemer, Coatue, Corner Ventures, and Latitude.
– The capital raised will accelerate the company’s expansion through partnerships with leading financial institutions, software providers, and marketplaces interested in enabling B2B payments for their customers.

– Papaya Global announced a $250m Series D funding round.
– The round was led by New York-based global private equity and venture capital firm Insight Partners and joined by Tiger Global, with participation from existing investors Greenoaks Capital, IVP, Scale Venture Partners, Bessemer Venture Partners, Alkeon Capital, Workday Ventures, Access Industries and Group 11.
– Funding will be used to continue Papaya’s rapid expansion and accelerate the recruitment of rapidly growing companies (pre/post IPO) and Fortune 5000 clients.
– Papaya, the global people management platform for the remote work era – which tripled its revenue in 2020 – provides a radically simple solution for managing and paying all types of global workers in full compliance, from onboarding to payments, in over 140 countries.

– Hunters announced a $30m Series B round led by Bessemer Venture Partners, with participation from existing investors YL Ventures, Blumberg Capital, Microsoft’s Venture Fund M12 and U.S. Venture Partners.
– The new funding brings the total investment to $50.4m.
– Companies targeted by complex security threats select Hunters XDR for its proven ability to accelerate threat detection, investigation and incident response.
– Among them are recognized brands in the financial services, technology, retail, manufacturing and media industries.

– ForeVR Games is a VR gaming company based in Los Angeles.
– The company raised $7M in additional seed financing.
– The round was led by Bessemer Venture Partners, with participation from Galaxy Interactive, All Star Capital, Mark Pincus and Emmett Shear.
– The new funding will be used to build out the team, develop new games, expand to additional platforms and continue to upgrade the recently-released ForeVR Bowl.

– LaunchDarkly from San Francisco has closed $200m in Series D.
– The financing led by Lead Edge Capital with new investors Top Tier Capital Partners and New York-based global private equity and venture capital firm Insight Venture Partners as well as existing investors Bessemer Venture Partners, Redpoint, Threshold, Uncork Capital and Bloomberg Beta participating.
– LaunchDarkly serves 4 billion feature flags daily to help software teams build better software, faster.

– Pave announced $46m Series B funding led by the YC Continuity Fund and welcomed Ali Rowghani to its board.
– The round also includes participation from existing investors Andreessen Horowitz, Bessemer Venture Partners and others.
– Pave integrates directly with customers’ HR and equity systems so that customers have access to real-time compensation data and never have to use spreadsheets for compensation surveys, merit cycles, or total rewards statements again.

– MakersPlace, a San Francisco, CA-based NFT marketplace for digital art, secured $30M in Series A funding.
– The round was co-led by Bessemer Venture Partners and Pantera Capital with participation from Uncork Capital, Draper Dragon Digital Assets, 9Yards Capital, Next Play Ventures, Coinbase Ventures and Sony Music Entertainment.
– The company will use the funds to acquire additional talent and scale the business in existing markets and explore new ones.

– Lithic is a NYC-based card issuing platform for developers.
– The company raised $60m in Series C funding.
– The round was led by Stripes, with participation from Bessemer Venture Partners, Index Ventures, Exor, Rainfall, Tusk Venture Partners, and Commerce Ventures.
– The investment will be used to continue to grow, help the team scale and expand the platform through strategic acquisitions to enhance the product and its core offerings.

– Nym Health, the leading provider of explainable AI tech that automates medical coding, today announced $25m in new funding.
– The funding was led by Addition and brings the company’s total funding to $47.5m.
– Addition joins existing investors GV, Dynamic Loop Capital, Tiger Global, Bessemer Venture Partners, and Lightspeed, as well as angel investors Zach Weinberg and Nat Turner.

– Coast, a company that is aiming to meet the needs of the vast and vital fleets segment, raised $6m in funding.
– The round was led by Better Tomorrow Ventures and joined by Avid Ventures, Bessemer Venture Partners, BoxGroup, Colle, Foundation Capital, Greycroft, Max Levchin’s SciFi VC, and more than a dozen angels including founders of Plaid, Flexport, Marqeta, Bread, Albert, Addi, Lithic, and other fintech and logistics startups.
– Coast’s goal is to use technology to provide fleet business owners and their employees payments products that are intuitive and easy to use.

– TRM Labs closed a $14m Series A funding round.
– The round was led by Bessemer Venture Partners, with participation from PayPal Ventures, Initialized Capital, Jump Capital, Salesforce Ventures, Operator Partners, Blockchain Capital, and executives from Google.
– TRM Labs’ platform integrates with more than a dozen blockchains, and analyzes billions of virtual asset transactions to detect in real-time signs of fraud and financial crime like money laundering.
– TRM Labs drove 600% revenue growth in the last year and has doubled headcount.

– Claroty from NYC develops industrial cybersecurity solutions for enterprises to protect their OT, IoT, and IIoT assets.
– Company raised $140m in Series D funding.
– The round was led by Bessemer Venture Partners‘ Century II fund and 40 North with participation from LG and I Squared Capital‘s ISQ Global InfraTech Fund as well as previous investors – Team8, Rockwell Automation, Siemens, and Schneider Electric.
– The new investment will be used to accelerate expansion into new verticals and regions as well as to further enhance its product portfolio.

– Imply, the pioneer of Analytics-in-Motion, and founded by the original creators of Apache Druid, announced the closing of a $70m Series C led by Bessemer Venture Partners with participation from Tiger Global Management, bringing total funding to over $116m.
– Existing investors A16Z, Khosla Ventures and Geodesic Capital also participated in this round.
– This additional funding follows a banner year for Imply, growing market adoption of both Imply and open source Apache Druid.
– Imply has now surpassed 100 enterprise and digital-native customers, using Imply as the engine for analytics-powered applications that they build, and/or as a complete solution to directly solve internal BI and operational analytics use cases.

– Prefect Technologies Inc. from Washington DC-based dataflow automation company.
– Series B $32m round led by Tiger Global with participation from new investor Bessemer Venture Partners, existing investor Positive Sum and others.
– The company plans to use the funds to further develop its dataflow automation platform, build out its team, and proactively execute its product-led growth strategy.

– MaintainX, a San Francisco CA-based provider of a management platform for industrial and frontline workers, raised $39M in Series B funding.
– The round was led by Bessemer Venture Partners, with participation from Amity Ventures, Vulcan Capital, August Capital, Ridge Ventures, OldSlip Group, alongside UiPath’s founder and CEO Daniel Dines and Head of Strategy Brandon Deer.
– The company intends to use the funds to accelerate growth, expand operations and business reach.

– Ganaz, a Seattle, WA-based provider of a workforce management platform for agriculture and food manufacturing, raised $7m in Series A funding.
– Backers included Bessemer Venture Partners, Founders’ Co-op, Taylor Ventures, AgFunder and Techstars. In conjunction with the funding, Peter van Oppen, a Partner at Trilogy Equity, joined the Ganaz board.
– The company intends to use the funds for further expansion of its platform.

– Spruce is a New York-based provider of an online residential closing technology platform.
– The company raised $60m in Series C funding.
– The round was led by Zigg Capital with participation from existing investors Bessemer Venture Partners and Scale Venture Partners.
– The new investment will be used to expand the company’s reach and further develop its platform.

– 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.

– Truebill is a personal finance app.
– The company raised $45m in Series D funding.
– Accel led the round and joined by Bessemer Venture Partners, Cota Capital, and Eldridge Industries.
– The company plans to expand its platform of financial management tools to give users more visibility and control of their money than before.

– 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.

– Ada Support is a chat bot startup.
– The company raised $130m in funding at a $1.2bn valuation.
– Spark Capital led the round of funding with participation from Tiger Global Management and existing investors including Bessemer Venture Partners, Accel, and FirstMark Capital.
– Ada’s clients include Facebook and Zoom Video.

– Shift Technology is a SaaS provider of AI-driven decision automation and optimization solutions for the global insurance industry.
– The company closed a $220m Series D round of funding.
– The round was led by Advent International, through Advent Tech with participation from Avenir and others.
– Previous Series C participants Accel, Bessemer Venture Partners, General Catalyst, and Iris Capital also joined the round.
– The funding will fuel the company’s execution of its vision to revolutionize the policyholder experience through wide-ranging products that apply AI and advanced data science to key insurance processes.

– Forter has raised $300m in Series F funding led by Tiger Global Management, with participation from Third Point Ventures and Adage Capital Management.
– Existing investors also participated including Bessemer Venture Partners, Sequoia Capital, March Capital, NewView Capital, Salesforce Ventures and Scale Venture Partners.
– The announcement comes six months after the company completed its $125m Series E round, almost tripling the valuation to $3bn.
– Forter will use the additional funding to continue expanding its global ecosystem of trust, enabling retailers, e-commerce platforms, issuing banks and payment providers to fight fraud together.
– Forter’s platform brings together merchants, banks and payment providers to dramatically improve authorization rates, eliminate false declines and allow consumers to shop with greater convenience and enjoy a more personalized, secure experience.

– Lithic, the card issuing platform, announced that it has raised $43m in Series B funding.
– The round was led by Bessemer Venture Partners with participation from Index Ventures, Tusk Venture Partners, Rainfall Ventures, Teamworthy Ventures and Walkabout Ventures.
– Lithic card issuing platform was released nine months ago under the Privacy.com brand, with the mission to make it simple for developers to programmatically create virtual and physical payment cards.
– Lithic is rebranding to Lithic and using the new capital to double down on development of the card issuing platform. Privacy.com, the consumer product, continues to be a leading virtual card service dedicated to making payments safer and easier online, and is now officially powered by the Lithic card issuing platform.

– Pioneering BizOps startup Salto announced that it has raised a $42m Series B led by Accel, with significant participation from existing investor Salesforce Ventures, and continued participation from Bessemer Venture Partners and Lightspeed Venture Partners.
– That brings the total funding to $69m to date, following its Series A in October, and underscores the demand for a new way to improve the productivity of SaaS administrators.
– Early customers expressed their need for Salto to extend its software approach and methodology beyond its initially supported SaaS applications – Salesforce, NetSuite and HubSpot. Salto plans to expand its support to a total of 10 applications by the end of 2021.
– With a global view of all SaaS applications, it provides insight long thought impossible.

– Coiled, a DataOps and AIOps platform that seeks to increase access to scalable computing, announced that it raised $21 million in series A funding led by Bessemer Venture Partners.
– Coiled’s latest funding round, which saw participation from IA Ventures and FirstMark, brings its total raised to $26 million to date. Previously, the company closed a $5 million seed round led by Costanoa Ventures.
– Alongside the financing, Coiled unveiled Coiled Cloud, which lets data scientists build machine learning models using Python tools on a laptop, then transfer the model to any cloud environment to avoid vendor lock-in.

– Optimal Dynamics, a NYC-based startup aiming to build the decision layer of logistics and supply chain management, raised a $18.4m Series A funding.
– The round was led by Bessemer Venture Partners, with participation from returning investors Fusion Fund, The Westly Group, TenOneTen Ventures, Embark Ventures, FitzGate Ventures, John Larkin and John Hess.
– The new investment will be used to more than triple the company’s current 25 person operation, with a focus on R&D and expanding current sales and marketing efforts, and to drive development efforts for new products in the logistics and supply chain industry.

– BigID, a security and privacy platform, raised $30m in Series D funding.
– The round was led by Advent International and joined by previous investors Boldstart Ventures, Bessemer Venture Partners and Tiger Global.
– The company has raised $200m across four rounds.
– The late-stage startup is attracting all of this capital by building a security and privacy platform.

– 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.

– Zoomin is a New York-based provider of knowledge orchestration solutions.
– The company raised $52M in Series C funding.
– The round was led by General Atlantic, with participation from returning investors Bessemer Venture Partners, Salesforce Ventures and Viola Growth.
– The new investment will be used to further fuel its go-to-market strategy and to expand its product offering and analytics to a wider range of enterprise organizations.

– ServiceTitan from Phoenix has raised a $500M Series F growth financing.
– The round was led by Tiger Global Management and Sequoia Capital Global Equities with significant participation from existing investors, including Bessemer Venture Partners, ICONIQ Capital, Battery Ventures, Index Ventures, Durable Capital, Dragoneer Investment Group, and funds and accounts advised by T. Rowe Price Associates.
– ServiceTitan serves more than 7,500 contracting businesses that collectively employ more than 100,000 technicians and perform more than $20 billion worth of annual transactions across various home and commercial service verticals, including plumbing, air conditioning, electrical, and more.

– Ginger, the on-demand mental health company, announced a $100m Series E financing round led by funds managed by Blackstone Growth.
– The round was led by Blackstone Growth and includes existing investors from Kaiser Permanente Ventures, Cigna Ventures, Bessemer Venture Partners, Advance Ventures Partners, Khosla Ventures, Health Velocity Capital, City Light Capital, and WP Global Partners.
– This latest round of investment will bring the company’s total funding to over $220m on the heels of approximately 3x revenue growth over the past year.
– Over 10m people have access to Ginger in over 40 countries around the world through the company’s partnerships with innovative employers, health plans, and strategic partners.

– Yotpo, a marketing platform for e-commerce brands, raised $230m in Series F funding.
– The round was led by Bessemer Venture Partners and Tiger Global, with participation from Claltech Investment, Coin Ventures, Hanaco, Vertex Ventures, Vintage Investment Partners and others.
– The company has now raised more than $400m in total funding.

– Tackle.io from Boise develops a platform to accelerate revenue generation on the Cloud Marketplaces.
– Series B funding $35m brings company valuation to $200m.
– The round was led by Andreessen Horowitz with participation from existing investor Bessemer Venture Partners.
– The new investment will be aimed at expanding the platform and business reach.

– Optibus announced that it has raised $107m in a Series C round, co-led by Bessemer Venture Partners and Insight Partners.
– The funding comes as Optibus is launching one of its most significant updates: the Geospatial Suite, which significantly improves transportation networks and transit equity through the use of data-driven planning.
– Optibus will use the funding to continue expanding its global presence and enhance product capabilities such as optimization and artificial intelligence algorithms that improve mass transit for passengers while also increasing operational efficiency. The funding will also go toward accelerating the deployment of zero-emission vehicles – replacing mass transit fleets based on fossil fuels and lowering emissions worldwide, just as the US rejoins the Paris Agreement and the mitigation of climate change once again becomes a global effort.

– Tackle, a startup that wants to help ease the process of getting a product onto one of these marketplaces, announced a $35m Series B.
– The round was led by Andreessen Horowitz with help from existing investor Bessemer Venture Partners.
– The company reports it has now raised $48.5m.
– Tackle is a startup that wants to help ease the process of getting a product onto one of these marketplaces.
– It has now raised $48.5m.

– NYDIG, a leading provider of technology and investment solutions for Bitcoin, announced a $200m growth capital round led by strategic partners Stone Ridge Holdings Group, Morgan Stanley, New York Life, MassMutual, Soros Fund Management, and FS Investments.
– Bessemer Venture Partners and FinTech Collective also participated.

– Nydig, a NYC-based provider of technology and investment solutions for Bitcoin, raised $200m in growth funding.
– The round was led by Stone Ridge Holdings Group, Morgan Stanley, New York Life, MassMutual, Soros Fund Management, and FS Investments. Bessemer Venture Partners and FinTech Collective, who led the two prior funding rounds, also participated.
– The new investment will be used to expand the company’s business reach.

– Early-stage startup Demostack announced $17.3m in funding.
– The company also announced it was coming out of stealth.
– The funding was led by Bessemer Venture Partners with help from GTM Fund and several individual investors.
– All the seed investors including Amiti Ventures, Operator Collective, Cerca Partners also participated in the Series A round.

– Axonius, the cybersecurity asset management company, announced it has raised $100m in Series D funding, led by Stripes, a leading New York-based growth equity firm, as well as participation from existing investors Bessemer Venture Partners (BVP), OpenView, Lightspeed, and Vertex.
– Ken Fox, founder and partner at Stripes, will join the Axonius board of directors.
– This latest round follows a 2020 investment of $58m, increasing total funding to $195m at a greater than $1b valuation.
– Axonius will use the new funding to scale company growth globally and expand its cybersecurity asset management platform to meet surging market demand while maintaining its commitment to product simplicity and customer value.

– Carefull is a financial technology company that just raised $3.2M in seed funding.
– The round was led by NextView Ventures and Bessemer Venture Partners.
– Carefull is a platform to help family members and caregivers organize and protect daily financial matters for aging loved ones.
– The Carefull app sits on a world-class AI platform that analyzes and detects patterns in financial behaviors of the aging, bringing much-needed innovation to a poorly understood segment of the population, with the potential to benefit the entire ecosystem: families, banks, advisors, and insurance providers.
– The Carefull platform could even help loved ones predict cognitive decline faster, as research released by John’s Hopkins in November of 2020 revealed that older adults show symptoms of dementia via financial mistakes up to 6 years before a medical diagnosis, as revealed in missed bills and reduced credit scores.

– MutualMarkets, an AI platform enabling the brand economy, today announced its seed capital raise of $3 million.
– The capital will support the development and launch of its proprietary AI powered marketing technology.
– The round was led by Greycroft and Bessemer Venture Partners.
– Other investors include Peak Opportunity Partners, Michael Kempner (founder/CEO of MWWPR), Gerald S. Hobbes (Managing Director/Operating Partner, BV Investment Partners), Itzhak Fisher (founder, PEREG Ventures), and Russell Farscht (former Managing Director, Carlyle).
– MutualMarkets was founded by Alan and Eric Gould, founders of IAG Research and Peak Opportunity Partners.