Weekly Top-tier Fundraising May 10
1 Cloud-based integrated medical insurance platform raises $280mn 2 Mental health care system raises $70mn 3 a16z invests in two "NFT for entertainment" and 5 others
SEQUOIA CAPITAL
①Venta / Security Automation Platform B2B Software
$50 million Series A
Highlights: Previously, it took months of preparation to pass an industry-standard security audit; Venta has successfully reduced this to a few days.
FOUNDERS FUND
①Collective Health / Provides a cloud-based integrated health insurance platform B2B Insurance
$280 million Series F
Highlights: Until now, end-user corporate employees have not been able to understand or utilize the complexity of private health insurance. Collective Health solves this challenge by aggregating insurance and healthcare partners into one centralized platform.
②Cased / A secure way for small business developers to work in a live environment B2B software
$2.25 million Series Seed
Highlights: Until now, small and medium-sized companies have not had development support tools in the production environment that large companies spend hundreds of millions of yen to support on their own. As a result, developers had limited access to the production environment. Cased is an attempt to solve this problem.
ANDREESSEN HOROWITZ
①Headway / Mental health care system provider B2C Healthcare
$70 million Series B
Highlights: Until now, mental health care has been less informative than physical health care, making it difficult for patients to find a therapist who is right for them. Headway has succeeded in reducing the average time it took to see a therapist from 30 days to 2 days.
②Bitski / Offers creator-specific NFTs B2C crypto assets
$19 million Series A
Allows brands, game developers and consumers to create, sell and buy NFTs on the platform.
Highlights: It has been said that music and blockchain have a high affinity, but the complexity of the NFT has prevented its use. Bitski aims to simplify NFTs and is trying to solve this problem.
③Dyno Therapeutics / Provides gene therapy using AI B2B Biotech
$100 million Series A
Highlights: In recent years, there has been growing interest in gene therapy, and last month Scribe Therapeutics successfully raised $100mn in Series B funding.
④WorkBoard / Supporting strategy development for enterprises B2B Platform
$75 million Series D
Highlights: With business changing more rapidly than ever due to the pandemic, there was a need for a tool to measure speed and performance within the organization. WorkBoard is trying to solve this problem.
⑤RTFKT / Development of NFT for Apparel B2C Crypto Assets
$8 million Series Seed
Highlights: The pandemic has led to increased investment in virtual goods, which in turn has led to increased demand for NFTs.