Briefing Venture

The Briefing: Calm Hits $2B Valuation With New Round, Dragos Lands $110M, 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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Calm raises $75M at $2B valuation

Meditation app Calm announced that it raised $75 million in a new Series C financing that sets a valuation of $2 billion for the 8-year-old company.

Lightspeed Venture Partners led the round with participation from TPG, Insight Partners, Marc Benioff, and funds managed by Goldman Sachs Asset Management. The round brings total funding to $217 million.

San Francisco-based Calm says it has been profitable since 2016, with over 100 million downloads to date and 4 million paying members. It says Calm for Business, the company’s enterprise arm, currently covers more than 10 million people through employer partnerships.

The new round comes amid a bullish period for funding of telehealth and mental health startups. Amid the COVID-19 pandemic in particular, consumers and employers are seeking out online offerings that can help with managing stress.

Funding rounds

  • Pico closes on $135M for access to financial services: Pico, a New York-based provider of technology services for the global financial markets community, announced a strategic investment with Intel Capital to close out Pico’s $135 million Series C investment round.
  • Dragos lands $110M for cybersecurity: Dragos, a Hanover, Maryland-based provider of cybersecurity technology for industrial controls systems, announced it raised $110 million in a Series C funding round co-led by National Grid Partners and Koch Disruptive Technologies.
  • Gotham Greens grows $87M for greenhouses: Brooklyn-based Gotham Greens, an indoor agriculture operating high-tech greenhouses, raised $87 million in new equity and debt capital. The capital raise portion is a Series D round led by Manna Tree.
  • Gohenry secures $40M for financial app: gohenry, a fintech building healthy financial habits for children, raised a $40 million financing round led by Edison Partners.
  • Sundae secures $36M for distressed property:  San Francisco-based Sundae, a residential real estate marketplace focused on sellers of distressed property, announced securing $36 million in a Series B round led by QED Investors.
  • Intelipost raises $32M for e-commerce logistics: Intelipost, Brazil’s e-commerce and omnichannel logistics technology company, announced $32 million in financing from Riverwood Capital.
  • Tabby raises $23M for buy-now-pay-later platform: Dubai-based fintech tabby said it raised Series A financing of $23 million in debt and equity led by Arbor Ventures and Mubadala Capital.
  • Neuro-ID raises $7M for fraud detection: Behavioral analytics platform Neuro-ID, based in Whitefish, Montana, announced a $7 million Series A round led by Fin VC.
  • Simple closes $5M for nutrition app: Cyprus-based Simple, a mindful nutrition app, announced $5 million in Series A funding at a $42 million post-money valuation. The round, co-led by Target Global and Palta.
  • Story Health launches with $4M for patient relationships: Story Health launched out of stealth with $4 million in seed funding led by General Catalyst and Define Ventures to bring virtualized specialty care and close the care gap between specialists and patients.
  • Weaveworks raises $36.65M Series C: Weaveworks, a Kubernetes management platform, closed a $36.65 million Series C funding round, which included funding from first-time investors Amazon Web Services (AWS), Ericsson, Orange Ventures, SonaeIM and Telekom Investment Pool (TIP). The round also included follow-on investments from Accel, GV, and Redline Capital, bringing total funds raised to date to $60 million.
  • Range Ventures announces new fund: Denver-based Range Ventures, an early-stage venture capital firm, announced its new $23 million fund. Range Ventures is backed by nearly 100 limited partners and looking to invest in technology start-ups in the greater Denver area.
  • Salt Security captures $30M Series B: Palo Alto, California-based Salt Security closed a $30 million Series B led by Sequoia Capital, with participation from existing investors Tenaya Capital, S Capital VC, and Y Combinator. The API security firm has raised a total of $60 million in equity financing and will use the new money to invest in product development, sales and marketing and customer acquisition.
  • Beyond Identity secures $75M: New York-based identity management provider Beyond Identity today closed a $75 million Series B funded by existing investors including New Enterprise Associates (NEA), James Clark, and Koch Disruptive Technologies LLC (KDT). The company now has raised a total of $105 million.
  • Remix launches with $81M to identify RNA-enabled diseases: Biotechnology company Remix Therapeutics launched with $81 million in financing from Foresite Capital, Atlas Venture and The Column Group. The Cambridge, Massachusetts-based company is developing small molecule treatments designed to reprogram RNA processing to address the underlying drivers of disease.
  • Branch Technology inks $11M for enterprise 3D printing: Chattanooga, Tennessee-based Branch Technology, developing construction-scale 3D printing, closed on an $11 million funding round led by EquipmentShare.
  • Aglet runs into $4.5M for mobile game platform: Sneaker-focused e-commerce platform Aglet, secured $4.5 million in seed funding led by Sapphire Sport.


  • PointClickCare acquires Collective Medical: Canada-based PointClickCare Technologies, providing software technology for long-term and post-acute health care markets, said it intends to acquire Collective Medical, a network-enabled platform for real-time cross-continuum care coordination. The acquisition is expected to be completed by the end of the year.
  • Ro acquires Workpath: Telehealth startup Ro announced the acquisition of Workpath, a Richmond, Virginia-based software platform specializing in on-demand, in-home care and diagnostic services.

Public offerings

  • Butterfly Network to go public: Butterfly Network, based in Guilford, Connecticut, a provider of medical imaging, intends to list on the New York Stock Exchange following a merger with Longview Acquisition Corp. The merged company will list under the symbol BFLY.

Illustration: Dom Guzman

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