The Briefing: WHOOP Whips Up $100M, Streetbees Lands $40M, And More

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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WHOOP gets $100M for wellness platform

Personal fitness and wellness platform WHOOP said Wednesday that it has closed a $100 million Series E financing led by IVP that values it at a $1.2 billion. The startup said the latest funding will be used for product and software development, global expansion and member services.

The startup offers a free wearable tracker, the WHOOP Strap 3.0, with a monthly subscription that starts at $30 and allows members to track fitness, sleep, recovery following workouts, and other wellness metrics.

Participating investors in its Series E funding included SoftBank Vision Fund 2, Accomplice, Two Sigma Ventures, Collaborative Fund, Thursday Ventures, Nextview Ventures, Promus Ventures, Cavu Ventures, D20 Capital and LionTree Partners. Professional athletes who invested include Kevin Durant (via Thirty Five Ventures), Larry Fitzgerald, Patrick Mahomes, Eli Manning, Rory McIlroy and Justin Thomas.

The company said it now has more than 330 employees, including over 200 people it hired this year. IWith the latest round, it has raised more than $204 million to date, according to Crunchbase data.

Streetbees raises $40M for human intelligence platform

London-based Streetbees, developer of what it describes as a human intelligence platform for collecting and analyzing offline behavior, announced it raised $40 million in Series B funding.

Lakestar led the financing for the 5-year-old company, with participation from Latitude, Atomico, GMG Ventures and Octopus.

The company says it leverages advances in data science and the proliferation of smart devices to enable consumers to share brand experience in real time. Several of the largest consumer goods brands are users of its technology, including including PepsiCo, Unilever and Procter & Gamble.

Funding rounds

• Scopely gets $340M for mobile games: Mobile gaming giant Scopely said Wednesday that it has raised $340 million in a Series E funding round. [Read more here.]
• Lunchbox takes bite out of $20M: Lunchbox, developing an online ordering engine for restaurants, raised a $20 million Series A round of funding led by Coatue. Joining them in this round are Lunchbox’s existing investors 645 and Primary Ventures, as well as a group of individual investors including celebrity chef Tom Colicchio, Scott Belsky, Michael Vaughan, Bryan Ciambella, Planet Hollywood founder Robert Earl and Girls Who Code founder Reshma Saujani. Lunchbox intends to use the capital to grow nationally, hire talent, expand into new markets and platform development.
• HomeThrive lands $18M for aging-in-place platform: Chicago-based Homethrive said Wednesday that it has raised $18 million in a Series A funding round led by 7wire Ventures and Pitango HealthTech. The company makes a platform designed to help older adults to age in place while providing their caregivers with information to better manage their care. The company said it will use the latest funding to accelerate its expansion into health plans and the self-insured employer market and to further build out its technology stack and digital tools. HomeThrive is one of a growing number of startups in the aging-in-place and elder-care sectors that are drawing venture funding.
• The Wanderlust Group raises $14.2M: The Wanderlust Group, a technology company focused on the marine and outdoor lifestyle industries, announced $14.2 million in Series B funding by a group of undisclosed investors. The company operates subsidiaries Dockwa and Marinas.com.
• Canvass Analytics raises $6.5M for industrial AI: Canvass Analytics, maker of a no-code AI platform for manufacturers, said Wednesday that it has raised $6.5 million in a Series A funding round led by Yamaha Motor Ventures & Laboratory Silicon Valley, the investment arm of Yamaha Motor Co. Existing investors Real Ventures, BDC, EDC and Viaduct Ventures also participated. Canvass has now raised $13 million in venture funding to date, according to Crunchbase data. The startup said the latest funding will be used to expand its go-to-market efforts, accelerate product development and support its customer base of large global enterprises in the North America, Europe and Asia Pacific markets.
• Enso Security secures $6M: Enso Security, an Israeli startup focusing on application security posture management, announced $6 million in seed funding led by YL Ventures, with participation from Jump Capital, toDay Ventures and a group of investors in the security space.
• Finmark banks on $5M: Finmark, providing financial planning and modeling software for startups, said it raised $5 million in seed funding in an oversubscribed round. IDEA Fund Partners was the lead investor, joined by Bessemer Venture Partners and Draper Associates, alongside more than 30 prominent angel investors. A startup itself, the Raleigh, North Carolina-based company was part of Y Combinator’s Summer 2020 cohort.
• SINAI Technologies raises $3.8M: SINAI Technologies, which says it has the world’s first decarbonization software platform, announced a $3.8 million seed funding round led by Afore Capital. The San Francisco-based startup said its enterprise software platform can be used by companies to guide and speed up their efforts to decarbonize. Other investors that participated in the seed round include Abstract Ventures, Coelius Capital and the founders of Eventbrite and PlanGrid.

M&A

• Alcohol and cannabis platforms combine: Alcohol delivery and logistics platform Saucey has merged with Emjay, a vertically integrated cannabis delivery and retail platform, under a newly formed holding company called Pacific Consolidated Holdings Group Inc. (PCH). The deal between the Los Angeles-based companies “marks the first of several transactions on the horizon for PCH, whose objective is to scale best-in-class vertically integrated vice platforms, with a focus on e-commerce, delivery logistics and cross industry behavioral insights,” according to an announcement from the newly formed company. Terms of the deal were not disclosed. Saucey had raised a total of $10.2 million in funding, per Crunchbase data. PCH was formed in partnership with The Inception Companies and Saucey co-founders CEO Chris Vaughn and COO Daniel Leeb, who now serve as PCH’s management team.

Illustration: Dom Guzman