💰The Funding Letter #751: September 30

Andela, Sisu, Leena AI, and more…

What is this? The Funding Letter is the most comprehensive new-financing newsletter & lead generation tool, built for salespeople, by salespeople. Daily Letters are sent hours before every other announcement newsletter, so you’re tipped off before your competitors’ outreach emails flood your decision-maker’s inbox. Learn more about the power of funding announcements here.

We provide the account details that matter most to you and your prospecting efforts. No journalism jargon, no marketing copy. Just the information you need to reduce hours of time in wasted busywork. We also highlight the best Sales Gigs in the business, for sellers looking toward their next challenge.

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

💥Did you hold off on outreach to last month’s funded companies?💥 We resurface a week of funding announcements from last month in our Throwback Thursday Recap Google Sheet. Click here to get after them.


Hit the Gong 🎉

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Daily Deals 💸


🌎 Americas


Andela operates a global talent network that allows candidates to learn and develop skills and create a talent pool while providing employers with services such as sourcing, assessment, and matching candidates to the job, enabling clients to scale their core teams quickly and cost-effectively. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $200M, Series E

Round Investors: SoftBank (lead), Whale Rock, Generation Investment Management, Chan Zuckerberg Initiative

Press: TechCrunch, FinSMEs

HQ: New York, NY

Industry: Information Technology & Services

Employee Count: 1319

🔥Open Sales Gigs: Currently Hiring


Totango offers an enterprise-grade customer success platform to help recurring revenue businesses with actively monitoring customer health changes and identifying at-risk accounts. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $100M, Series D

Round Investors: Great Hill Partners (lead), BGV, Pitango Ventures, Canvas

Press: TechCrunch, PR Newswire

HQ: Redwood City, CA

Industry: Internet

Employee Count: 105

🔥Open Sales Gigs: Currently Hiring


Sisu’s analytics platform assists in slicing data and automating the manual, rote work of data exploration to help teams discover interesting, useful, and hard-to-find facts in complex data sets, enabling organizations to make decisions effectively. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $62M, Series C 

Round Investors: Green Bay Ventures (lead), NEA, Geodesic Capital, Andreessen Horowitz

Press: SiliconANGLE, Business Wire

HQ: San Francisco, CA

Industry: Computer Software

Employee Count: 80 (⚡13% increase in last 6 months)

🔥Open Sales Gigs: Currently Hiring


Kore.ai develops a bot-based messaging and conversational AI platform that deploys and manages secure conversational bots across 30 different digital and voice channels. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $50M, Series C

Round Investors: PNC (lead), Next Equity (lead), Vistara (lead)

Press: GlobeNewswire, SiliconANGLE

HQ: Orlando, FL

Industry: Information Technology & Services

Employee Count: 440


Ceres Imaging is a farming solutions company that helps growers and farm advisors make proactive decisions using aerial imagery and data analytics, enabling farmers to monitor pests, diseases, nitrogen, and hydration levels. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $23M, Series C

Round Investors: XTX Ventures (lead), Romulus Capital (lead), Insight Partners, B37 Ventures

Press: PR Newswire, The Packer

HQ: Oakland, CA

Industry: Farming

Employee Count: 107


Merama is an eCommerce aggregation startup that seeks to selectively invest in the leading brands in Latin America, focusing on a small batch of top-tier clients to maximize their impact. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $225M, Series B

Round Investors: Advent International (lead), SoftBank Group (lead)

Press: Business Wire, Bloomberg

HQ: Mexico City, Mexico

Industry: Consumer Goods

Employee Count: 92 (⚡229% increase in last 6 months)


Buckle is a business insurance provider, offering streamlined and transparent transactions to those who turn their personal assets into revenue-driving opportunities. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $60M, Series B

Round Investors: Volery Capital Partners (lead), Eldridge, Assurant Ventures, HSCM Bermuda

Press: Business Wire, FinSMEs

HQ: Jersey City, NJ

Industry: Financial Services

Employee Count: 349


EquityBee has developed a stock option financing marketplace that connects employees with investors who provide them with the necessary funding to exercise and benefit from the employee stock options. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $55M, Series B

Round Investors: Group 11 (lead), Battery Ventures, Latitude, Local Globe

Press: TechCrunch, FinSMEs

HQ: Palo Alto, CA

Industry: Financial Services

Employee Count: 76 (⚡58% increase in last 6 months)


Avo is an e-commerce platform that offers consumer goods and groceries, enabling customers to have no minimum order requirements or subscription fees. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $45M, Series B

Round Investors: Insight Partners (lead), Kleiner Perkins, JLL Spark

Press: PR Newswire, Calcalist Tech

HQ: New York, NY

Industry: Consumer Goods

Employee Count: 191 (⚡65% increase in last 6 months)

🔥Open Sales Gigs: Currently Hiring


Wider Circle has built an in-personal social platform that assists active older adults to make connections, boost a sense of purpose and engage in new things, enabling users to enhance mental and physical health as well as share passion for healthcare, science, and aging. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $38M, Series B

Round Investors: AmeriHealth Caritas (lead), Blue Venture Fund, Chicago Ventures

Press: FinSMEs, PR Newswire

HQ: Redwood City, CA

Industry: Health, Wellness & Fitness

Employee Count: 74 (⚡25% increase in last 6 months)


Leena AI has developed a cognitive conversational AI platform that resolves repetitive employee queries faster & improves the employee experience, helping organizations generate dipstick surveys, happiness scores, and actionable insights for each team. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $30M, Series B

Round Investors: Bessemer Venture Partners (lead), Greycroft, B Capital Group

Press: FinSMEs, VentureBeat

HQ: New York, NY

Industry: Computer Software

Employee Count: 139 (⚡58% increase in last 6 months)

🔥Open Sales Gigs: Currently Hiring


QC Ware is an early-stage company developing a cloud-based platform for quantum computing machines simplifying QC programming and providing low-cost access to QC machines. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $25M, Series B

Round Investors: Koch Disruptive Technologies (lead), Covestro (lead), Samsung Ventures, Citi

Press: Finextra, PR Newswire

HQ: Palo Alto, CA

Industry: Computer Software

Employee Count: 30


Highnote’s unified virtual payment platform is extensible through developer-friendly open APIs, enabling merchants and businesses to accelerate their growth through digital virtual payment transformation. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $54M, Series A

Round Investors: Oak HC/FT (lead), Costanoa Ventures, XYZ, SVB Capital

Press: TechCrunch, PYMNTS.com

HQ: San Francisco, CA

Industry: Internet

Employee Count: 42 (⚡110% increase in last 6 months)


DroneSeed provides forestry services to timber companies and non-profit organizations, using drones for planting tree seeds, spraying fertilizers and herbicides, and collecting field data. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $36M, Series A

Round Investors: Social Capital (lead), Seven Seven Six (lead)

Press: TechCrunch, MarketWatch

HQ: Seattle, WA

Industry: Renewables & Environment

Employee Count: 65 (⚡30% increase in last 6 months)


🌍 EMEA


Hedvig is a Swedish homeowners insurance provider that offers a mobile app aimed at simplifying the way users report damage and receive compensation. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $45M, Series B

Round Investors: Anthemis (lead), Swedish Novax, Nineyards Equity, Cherry Ventures

Press: TechCrunch, IBS Intelligence

HQ: Stockholm, Sweden

Industry: Insurance

Employee Count: 120 (⚡22% increase in last 6 months)


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