The Briefing: Noom Adds $540M, FarEye Lands $100M, And More

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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Noom bulks up with $540M for weight loss platform

Weight loss platform Noom pulled in $540 million in a Series F funding round led by Silver Lake.

The New York-based startup said the funds will go toward expanding in new geographies and as part of employee benefits programs. A portion of the new capital is also being used for share repurchases.

Founded in 2008, Noom offers a psychology-based digital health platform powered by data and human coaches to help people meet their health and wellness goals.

— Joanna Glasner

Funding rounds

FarEye lands $100M for logistics: India-based FarEye, a provider of what it describes as an intelligent delivery management platform, raised $100 million in a Series E round led by TCV and Dragoneer Investment Group.

Atlan snags $16.5M for data collaboration: Singapore-headquartered Atlan, a developer of tools for data collaboration, announced it has raised $16.5 in a Series A funding round led by Insight Partners.

— Joanna Glasner


Tessian closes $65M Series C: San Francisco-based cybersecurity company Tessian has raised a $65 million Series C led by March Capital. Existing investors Accel, Balderton Capital, Latitude and Sequoia Capital also participated in the round — along with new investor Schroder Adveq. The new series values Tessian — which secures email and prevents threats — at $500 million. The company has now raised more than $120 million.

Material Security lands $40M Series B: Redwood City, California-based email security company Material Security has raised $40 million in a Series B led by Elad Gil. Andreessen Horowitz and several individual investors also participated in the round. The company has raised $62 million to date.

— Chris Metinko

M&A buys San Francisco-based has acquired Paris-based, which provides testing, monitoring and optimization tools for websites and applications. Terms of the deal were not announced. helps companies build, run and scale their websites and apps.

— Chris Metinko

Fintech and e-commerce

Resolve lands $60M: Affirm spinout company Resolve, based in San Francisco, raised $60 million in funding to grow its embedded billing platform that enables business-to-business companies to offer buy now, pay later billing for business purchases. Investors in the round included Initialized Capital and KSD Capital.

Whatnot bags $50M: Live stream shopping platform Whatnot raised $50 million in a Series B round led by Y Combinator Continuity. The funding will be used to double down on sports cards and memorabilia. The Los Angeles-based company said it brought in a total of $75 million in venture funding to date.

Airtm inks $15M: Mexico-based Airtm, a blockchain and bank-connected digital wallet and peer-to-peer exchange platform, received $15 million investment from Stellar Development Foundation. The company provides globally-connected dollar accounts to consumers and businesses throughout Latin America and other emerging markets. The funding will enable Airtm to continue developing its platform and integrate Stellar, a blockchain network.

Verituity banks $10M: McLean, Virginia-based Verituity, a verified digital payments platform, closed on $10 million Series A funding co-led by ForgePoint Capital and Ardent Venture Partners. The company, which modernizes banks treasury services and connects banks, payers and payees to first-time and on-time digital payouts experiences, plans to use the funds to expand its go-to-market efforts and technology development.

— Christine Hall

Clean tech

GridX inks $12M: California-based GridX, providing cloud-based business operations support tools to utilities and energy suppliers, closed on $12 million in Series B funding led by Energy Impact Partners to accelerate the company’s product roadmap and drive market adoption.

Novisto closes on $8M: Novisto, a SaaS platform for environmental, social, and governance data, management and reporting, announced $8 million in Series A funding led by White Star Capital. The Canada-based company intends to use the funding to triple the size of its engineering and product teams and expand into the European market.

— Christine Hall


Bowery Farming lands $300M: New York-based Bowery Farming picked up $300 million in Series C funding, led by Fidelity Management & Research Co., to value the company at $2.3 billion. The new funding gives the vertical farming company a total of $472 million. Bowery intends to use the new investment to continue expansion of its network of indoor farms across the U.S., technology development, R&D and recruiting new talent.

Invaio Sciences raises $88.9M: Cambridge, Massachusetts-based Invaio Sciences, a crop health company, announced a Series C round of financing totaling $88.9 million that will be used to accelerate its transition to biological agriculture. The round was led by Flagship Pioneering and gives the company a total of more than $142 million in investments since its was founded in 2018, according to Invaio.

Kula Bio lands $10M: Boston-based Kula Bio, developing sustainable nitrogen products closed on $10 million in seed funding led by Collaborative Fund. The company’s Kula-N biofertilizer enables farmers to maintain crop yield and reduce environmental impact from traditional, synthetic nitrogen fertilizers.

— Christine Hall

Health care

Ever/Body secures $38M: Ever/Body, a cosmetic dermatology provider of personalized, tech-enabled services, brought in $38 million in Series B funding led by existing investor Tiger Global Management. The New York-based company intends to use the new funding on expansion and product development.

— Christine Hall

Illustration: Dom Guzman

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