💰The Funding Letter #750: September 29

Coalition, Gem, Multiverse, and more…

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Good Morning! This edition of The Funding Letter comes to you from our headquarters in New York City.


Hit the Gong 🎉

Source: @overheard_sales

Daily Deals 💸


🌎 Americas


Coalition is a provider of cyber insurance coverage, combining comprehensive insurance and proprietary security tools to help businesses manage and mitigate cyber risks. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $205M, Series E

Round Investors: Durable Capital (lead), T. Rowe Price (lead), Whale Rock Capital (lead)

Press: TechCrunch, VentureBeat

HQ: San Francisco, CA

Industry: Information Technology & Services

Employee Count: 255 (⚡42% increase in last 6 months)

🔥Open Sales Gigs: Currently Hiring


Gem has developed an all-in-one recruiting platform that integrates with LinkedIn, Gmail, and Outlook to empower world-class recruiting teams to find, engage, and nurture top talents very easily and efficiently. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $100M, Series C

Round Investors: Iconiq (lead), Sapphire Ventures, Meritech Capital Partners, Accel

Press: TechCrunch, Reuters

HQ: San Francisco, CA

Industry: Computer Software

Employee Count: 188 (⚡69% increase in last 6 months)

🔥Open Sales Gigs: Currently Hiring


Syndio is a pay-equity platform that evaluates employees on the basis of their performances via predictive analysis, enabling companies to perform real-time analyses of employee compensation and bring fairness at work. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $50M, Series C

Round Investors: Emerson Collective (lead), Bessemer Venture Partners (lead), Voyager Capital

Press: FinSMEs, PR Newswire

HQ: Seattle, WA

Industry: Computer Software

Employee Count: 87 (⚡58% increase in last 6 months)

🔥Open Sales Gigs: Currently Hiring


NovaSignal offers a neurovascular ultrasound device to non-invasively measure and display brain blood flow information by automatically adjusting orientation and position to collect data, enabling clinicians to accurately assess mild to traumatic brain injury. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $37M, Series C1

Round Investors: Alpha Edison (lead), Reimagined Ventures (lead)

Press: GlobeNewswire, FinSMEs

HQ: Los Angeles, CA

Industry: Medical Device

Employee Count: 98


Stellar Health is a technology company that helps healthcare providers and insurers improve quality and financial performance by providing recommendations about actions and new payments. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $60M, Series B

Round Investors: General Atlantic (lead), Point72 Ventures, Primary Venture Partners

Press: Business Wire, FinSMEs

HQ: New York, NY

Industry: Hospital & Health Care

Employee Count: 104 (⚡46% increase in last 6 months)

🔥Open Sales Gigs: Currently Hiring


Omaha National provides workers’ compensation insurance and payroll services to small and midsize companies through agents and brokers, reducing the cost of claims while ensuring workers get the support they need. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $45M, Series B

Round Investors: Accomplice (lead), HighSage Ventures, Tull Investments

Press: FinSMEs, Business Wire

HQ: Omaha, NE

Industry: Insurance

Employee Count: 135 (⚡17% increase in last 6 months)

🔥Open Sales Gigs: Currently Hiring


Acceldata is a Big Data APM solution that provides insights into application performance, detects anomalies, and gives alerts, enabling enterprises to optimize data lake operations, predict failures & intelligently troubleshoot. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $35M, Series B

Round Investors: Insight Partners (lead), March Capital, Lightspeed, Sorenson Ventures

Press: FinSMEs, VentureBeat

HQ: Palo Alto, CA

Industry: Computer Software

Employee Count: 98 (⚡48% increase in last 6 months)

🔥Open Sales Gigs: Currently Hiring


Kytopen offers Flowfect, a proprietary non-viral cell engineering platform that can process a therapeutic payload of cells in seconds by combining microfluidics and automation. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $30M, Series A

Round Investors: Northpond Ventures

Press: Business Wire, FierceBiotech

HQ: Biotechnology, MA

Industry: Biotechnology

Employee Count: 21


Arize AI has developed an observability platform that offers a real-time analytics solution with a wide range of information and utilizes AI technology, enabling clients to accelerate detecting and resolving issues, eliminate guesswork, and deliver continuous improvements. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $19M, Series A

Round Investors: Battery Ventures, Foundation Capital, Trinity Ventures, The House Fund

Press: TechCrunch, FinSMEs

HQ: Berkeley, CA

Industry: Computer Software

Employee Count: 36 (⚡71% increase in last 6 months)

🔥Open Sales Gigs: Currently Hiring


Malbek provides a modern, cloud-based contract management solution with a delightful user experience, enabling businesses to manage increasing workloads and gain contract insight through AI. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $15.3M, Series A

Round Investors: Noro-Moseley Partners (lead)

Press: VentureBeat, PR Newswire

HQ: Somerset, NJ

Industry: Computer Software

Employee Count: 49 (⚡29% increase in last 6 months)


Vytelle has developed hormone-free IVF livestock genetics technology that allows producers to sustainably deliver more protein with fewer inputs, helping to ensure meat and milk are viable, competitive food choices for future generations. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $13.2M, Series A

Round Investors: Open Prairie (lead), Ag-tech VC (lead), Fulcrum Global Capital (lead)

Press: Yahoo Finance, Startland News

HQ: Hermiston, OR

Industry: Biotechnology

Employee Count: 65


Burro is a robotic platform that follows workers in hand-picked crops, and functions as a virtual conveyor belt from pick point to collection points, allowing hand-pickers to pick continuously rather than wasting their time shuttling produce from pick point to collection point. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $10.9M, Series A

Round Investors: S2G Ventures (lead), Toyota Ventures (lead), F-Prime Capital, Cibus Enterprise Fund

Press: TechCrunch, FinSMEs

HQ: Philadelphia, PA

Industry: Machinery

Employee Count: 25


Ramen VR’s virtual reality computer gaming software is cross-compatible with desktop, personal computer, and virtual reality headsets, enabling people to hang out, play, socialize and create their own unique experiences together. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $10M, Series A

Round Investors: Makers Fund, Anthos Capital, Dune Ventures

Press: Road to VR, VRFocus

HQ: San Francisco, CA

Industry: Computer Software

Employee Count: 8


🌍 EMEA/APAC


Multiverse has developed an online apprenticeship platform that matches young talent to professional services and digital roles and provides applied learning over the course of their apprenticeships, enabling young people to build social capital and strong professional networks. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $130M, Series C

Round Investors: D1 Capital Partners (lead), BOND (lead)

Press: TechCrunch, PR Newswire

HQ: London, England

Industry: Higher Education

Employee Count: 390 (⚡37% increase in last 6 months)

🔥Open Sales Gigs: Currently Hiring


Cover Genius is one of the fastest-growing global InsurTech organizations, offering a distribution platform that provides coverage for any line of insurance in any country, language, and currency. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $100M AUD, Series C

Round Investors: Sompo Asia (lead), G Squared

Press: GlobeNewswire, FinSMEs

HQ: Sydney, Australia

Industry: Insurance

Employee Count: 196 (⚡28% increase in last 6 months)

🔥Open Sales Gigs: Currently Hiring


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