When the Funds come Rolling in⚡

What is a Rolling Fund?

• Raise a much smaller portion of a traditional fund to start 
• Begin deploying capital into companies immediately 
• Leverage portfolio markups to accept new money from LPs, anytime
• Increase the fund size as the fund ages, so the fund managers never need to raise another fund again 

What does this mean for Venture Capital?

• Build a company as a founder or early-stage employee
• grow at tremendous rates
• have an exit via IPO or M&A
• Start Angel investing, build a track record
• Join a Venture firm as a Venture Partner
• Become a GP / Start your own fund after a track record of success

What does this mean for startups raising capital?

Rolling Funds that have been launched and are looking for investments:

Further Reading

• https://angel.co/blog/rolling-venture-fund-launch
• https://techcrunch.com/2020/07/22/diaspora-ventures-explains-how-angellists-rolling-venture-funds-work/

Deal News 8/8-8/14

Seed

• Atomo Coffee raises $9,000,000, led by Horizons Ventures, S2G Ventures | Atomo Coffee is a developer of molecular coffee.
• Elisity raises $7,500,000, led by Atlantic Bridge | Elisity is the pioneering zero-trust networking and software-defined access company.
• WayScript raises $5,000,000, led by Greycroft | WayScript is a software company that offers a visual programming platform that helps build software tools, workflow automation, and data sets.
• Cube raises $5,000,000, led by Bonfire Ventures | Cube is a financial planning and analysis platform that empowers finance teams and businesses.
• Mighty raises $4,300,000, led by Slack Fund | Mighty Labs helps to manage teams and motivate people in flexible, remote, or fast-paced team environments.
• Compaas raises $4,250,000, led by Core Ventures Group | Compaas is an intelligence platform that helps growing companies make smarter decisions around compensation.
• The Demex Group raises $4,200,000, | The Demex Group is a technology company that customizes and delivers climate-resilience through financial risk solutions on a global scale.
• Merico raises $4,100,000, led by GGV Capital | Merico develops code analytics tools to support engineering teams in understanding and optimizing productivity and code quality.
• Stacklet raises $4,000,000, | Stacklet is a cloud governance company that provides operational efficiencies.
• Joblist raises $4,000,000, | Every job search is different. Joblist helps anyone find the right job for them.
• Trala raises $3,500,000, led by Next Play Ventures | Trala is a developer of a music education application used to teach users to play the violin.
• Allergy Amulet raises $3,300,000, led by TitletownTech | Allergy Amulet is the world’s smallest and fastest consumer food allergen sensor, testing for common allergenic ingredients in seconds.
• Symmetry Systems raises $3,000,000, led by ForgePoint Capital, Prefix Capital | Symmetry Systems is a platform that detects, respond, and protect against data breaches.
• The @ Company raises $3,000,000, led by  | The @ protocol is a distributed system, like DNS, but for people so that they can own their own digital selves. Axle raises $2,700,000, led by Anthemis Group | Axle provides small brokers and their carriers with efficient and honest working capital to sustain the global logistics industry.
• Blumira raises $2,600,000, led by  | An end-to-end automated detection & response platform that is easy to deploy and use. Designed for organizations of any size.
• ClearCam raises $2,600,000, led by Frank Barbella | ClearCam provides clinicians with innovative tools and technologies that improve their vision and skill in the operating room.
• SMBX raises $2,500,000, led by Better Ventures | SMBX is a funding portal and public marketplace for issuing, buying, and selling U.S. small business bonds.
• Warmly, raises $2,100,000, led by NFX | Warmly, is a platform that connects vetted professionals via actionable business cards.
• LitLingo raises $2,000,000, led by LiveOak Venture Partners | LitLingo provides an A.I. platform that reduces business risk, improves culture, and saves money with every communication sent.
• GoPeer raises $2,000,000, led by Ed Baker | GoPeer is a platform that connects K-12 students with vetted college undergraduates for in-person and online tutoring lessons.

Series A

• Pattern raises $52,000,000, led by Ainge Advisory, KSV Global | Pattern operates as a worldwide e-commerce growth, protection, control, and distribution platform for brands.
• High Definition Vehicle Insurance raises $16,000,000, led by 8VC, Munich Re Ventures | High Definition Vehicle Insurance offers insurance products to small and mid-size trucking fleets.
• GoSite raises $16,000,000, led by Longley Capital | GoSite provides a cloud-based software suite that helps small businesses stay connected with their customers.
• RevenueCat raises $15,000,000, led by Index Ventures | RevenueCat is an in-app subscription platform that makes it easy to build and manage app subscriptions.
• Stream raises $15,000,000, led by GGV Capital | Build chat and feeds for your applications at scale in a fraction of the time and cost of developing in-house.
• Routable raises $12,000,000, led by  | Routable provides service to send and receive business-to-business payments.
• Bodyport raises $11,200,000, led by  | Bodyport is the platform for health in the home.
• Eggtronic raises $10,000,000, led by Rinkelberg Capital | Revolutionary micro-sized and eco-friendly AC/DC & DC/DC power converters - inductive and capacitive wireless charging & data technologies
• Fyllo raises $10,000,000, led by JW Asset Management, K2 & Associates | Fyllo offers compliance cloud enterprise-grade software and database services for the cannabis industry.

Series B

• Atomwise raises $123,000,000, led by B Capital Group, Sanabil | Atomwise develops artificial intelligence systems using powerful deep learning algorithms and supercomputers for drug discovery.
• Dyne Therapeutics raises $115,000,000, led by Surveyor Capital, Vida Ventures | Dyne Therapeutics is a developer of targeted therapies intended for serious muscle diseases.
• Thirty Madison raises $47,000,000, led by  | The human-first health company bringing specialized care and treatment to everyone.
• Omaze raises $30,000,000, led by FirstMark | Omaze is an online fundraising platform that offers once-in-a-lifetime experiences and prizes to support nonprofits around the world.
• Reify Health raises $30,000,000, led by Battery Ventures | Reify Health is a cloud-based software company that develops tools for the clinical trial ecosystem.
• Eden Health raises $25,000,000, led by Flare Capital Partners | Eden Health is a primary care and insurance navigation company for employers seeking to elevate the health and wellbeing of their employees.
• Arevo raises $25,000,000, led by Defy.vc, GGV Capital | Arevo develops technology to enable direct digital additive manufacturing of parts for end-use applications in high volume.
• TearClear raises $22,000,000, led by  | TearClear is a pharmaceutical company that specializes in providing disruptive eye health technology.
• Cecelia Health raises $13,000,000, led by Endo Investors, Rittenhouse Ventures | Cecelia Health is a health-tech company that connects clinical coaching and proprietary technology with people living with diabetes.
• Hiretual raises $13,000,000, led by Oceanpine Capital | Hiretual is an AI-driven HR technology company and sourcing tool throughout the recruiting community.
• Oomnitza raises $12,500,000, led by Riverside Acceleration Capital, Shasta Ventures | Oomnitza is an IT company that provides a single place to track and optimize everything that powers a business.
• springbig raises $11,500,000, led by TVC Capital | springbig provides leading loyalty, digital communications, and CRM for the cannabis industry
• Simpplr raises $10,000,000, led by Norwest Venture Partners | Simpplr is a provider intranet software platform for companies to engage with and manage employees.

Series C

• PayActiv raises $100,000,000, led by Eldridge | PayActiv offers a holistic financial wellness platform for employees.
• Coda raises $80,000,000, led by Kleiner Perkins | Coda is a new document that brings words, data, and teams together.
• Mission Bio raises $70,000,000, led by Novo Holdings | Mission Bio develops only single-cell multi-omics platform integrating genotype and phenotype for cancer research and biomarker development.
• Mux raises $37,000,000, led by Andreessen Horowitz | Mux Video is an API that enables developers to build unique live and on-demand video experiences.
• Nurx raises $22,500,000, led by Comcast Ventures, Trustbridge Partners, Wittington Ventures | Nurx is a healthcare company offering at-home STI testing allowing treatment for genital and oral herpes, and emergency contraception.
• mPulse Mobile raises $16,000,000, led by Optum Ventures | mPulse Mobile, the leader in mobile health engagement, drives improved health outcomes and efficiencies by activating healthcare consumers.

Series D

• Gong raises $200,000,000, led by Coatue Management | Gong.io is a revenue intelligence platform that delivers insights at scale.
• Skillshare raises $66,000,000, led by OMERS Growth Equity | Skillshare is an ed-tech platform offering online learning for creative fields.
• Parsable Raises $60,000,000, led by Activate Capital Partners, Glade Brook Capital Partners | Parsable offers a connected worker platform for industrial workers with modern digital tools to improve productivity, quality and safety.

Series E

• Fanatics raises $350,000,000, led by Fidelity National Financial, Thrive Capital | Fanatics design, manufacture, and distribute high-quality fan gear and jerseys across retail channels.
• Trumid raises $200,000,000, led by Dragoneer Investment Group | Trumid is a financial technology company bringing efficiency to credit trading through data, technology, and innovative products.
• SiFive raises $61,000,000, led by SK Hynix | SiFive is a platform offering open-source semiconductor technology and software automation.

Series F

• Blend raises $75,000,000, led by Canapi Ventures | Blend is a SaaS platform for lenders to speed up and simplify applications for mortgages and consumer loans.