Startups Venture

Last Week In Venture: Bungalow, Sonder, Nylas, And Literally Reinventing The Wheel

Welcome to Last Week In Venture, a weekly roundup of funding rounds raised by interesting companies that you may have missed.

Follow Crunchbase News on Twitter

After all, you were probably busy keeping track of the U.S. political situation, or engrossed in tech news headlines about Tesla competitors’ conflicts, Uber’s financials, Slack’s hypergiant Series H and all the work chat titan’s buyouts. It was one heck of a news week.

Investors are funneling staggering amounts of capital into startups these days. It’s easy to overlook the work that companies outside of the supergiant spotlight are contributing to startup ecosystems around the world. But that doesn’t mean these stories aren’t worth sharing.

Let’s take a look!

Market Hot Spot: Residential Real Estate Tech

A house is probably going to be the single largest expense the average person makes in their life. For most folks, rent accounts for the largest chunk of their budget. Bottom line: residential real estate presents a big market with lots of niches.

This past week had a cluster of funding announcements from residential real estate startups:

Other Rounds From Interesting Companies

In this weekly roundup, we also like to share a selection of funding rounds that may have flown under the radar.

Let’s see what’s on deck.

  • Softwheel raised $25 million in a Series C round, led by Musashi Seimitsu Industry, in a deal which values the company at $140 million, post-money. The company’s technology—wheels with internal suspension for use in bikes, cars, and wheelchairs—claims to be the “most energy efficient wheel created since 3,500 BC.”
  • Nylas, maker of enterprise email, calendar, and contacts syncing APIs for enterprise, raised $16 million in a Series B round led by Spark Capital. Participating investors included the Slack Fund, 8VC, and others.
  • Nura (which the company stylizes with a lower-case “n”) is a Melbourne, Australia-based company designing and developing what it calls the “nuraphone.” According to the company, the $399 (USD) nuraphone is “a new headphone that integrates unique technology to automatically measure your hearing (from the outer ear all the way to the brain) and adapt music perfectly to you.” The smart headphones also recognize who is wearing them, according to the company. This week, nura announced a $15 million Series A, led by Blackbird Ventures.
  • Although Braavo Capital initially filed paperwork with the SEC back in June, the NYC-based company announced its $6 million Series A this week. Braavo “provides integrating financing for mobile app businesses,” allowing them to flatten out sometimes bumpy revenue. Another startup helping companies cash in on accounts receivables is Oxygen, which pitched at YC Demo Day this week. Whereas Braavo lets app developers borrow on app store receivables, Oxygen lets freelancers borrow against billed hours and future client payments. This continues to prove that there’s gold to be found in them there invoices.

And, for making it to the end, here’s a badass gif of a humpback breaching in the rain. Have a whale of a good time this weekend! ?

Last Week In Venture graphic created by JD Battles. Cover and thumbnail by Alexander Andrews on Unsplash. 

Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.

Copy link