Briefing Venture

The Briefing: Vida Health brings in $110M, Cymulate Snags $45M, 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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Vida Health brings in $110M Series D

Virtual chronic care platform Vida Health announced $110 million in Series D funding led by General Atlantic. In the past year, Vida tripled its revenue and grew its network of therapists, coaches, dietitians and diabetes educators by more than 400 percent, the company said.

Joining GA in the round were Centene, AXA Venture Partners and Ardea Capital Partners, as well as existing investors Ally Bridge Group, AME Cloud Ventures, Aspect Ventures, Canvas Ventures, Guidewell, NGP Capital and Workday Ventures.

The new funding will enable the San Francisco-based company to continue technology development and scaling its physical and mental health care services.

— Christine Hall

Honest Co. raises $413M in IPO

The Honest Co., the household, baby and consumer goods company founded by actress Jessica Alba, raised $413 million for its initial public offering.

The Santa Monica, California-based company priced shares for its IPO at $16 each, toward the higher end of the projected range of $14 to $17. The offering reportedly sets an initial valuation for the company of around $1.4 billion.

Founded in 2011, the company previously raised just over $500 million in known funding, per Crunchbase data.

Read more about the company’s first day of trading here.

— Joanna Glasner

Funding rounds

Cymulate snags $45M: Cymulate, a provider of tools for boosting cybersecurity through simulated attacks and security tests, reportedly raised $45 million in Series C funding. One Peak Partners led the financing for the Israel- and New York-based company.

StudySmarter gets $15M Series A: Munich-based StudySmarter, an online learning platform, pulled in $15 million in a Series A  funding round from backers including Owl Ventures and Left Lane Capital.

— Joanna Glasner


Nearby raises $21M: Nearby, an Oakland, California-based e-commerce platform that enables small, local retailers to compete for online spend, announced $21 million in Series A financing. The funds will support expansion to new cities and the growth of the team. The round was led by Redpoint Ventures.

UrbanStems to grow with $20M: Direct-to-consumer floral and gifting company UrbanStems closed on a $20 million Series C round of funding led by SWaN & Legend Venture Partners and DFE Capital Management. The Washington, D.C.-based company has now raised $48 million since being founded in 2014, according to the company. UrbanStems experienced 130 percent growth in 2020 as it rolled out a new technology platform and new products, including dried florals, as well as the launch of new marketing channels, such as television. The company intends to use the new cash infusion to grow its team, invest in technology development, and scale its infrastructure.

— Christine Hall


ndustrial lands $6M: Raleigh, North Carolina-based ndustrial, a provider of software and services that seamlessly optimize the manufacturing supply chains of industrial facilities, closed a $6 million Series A funding co-led by ENGIE New Ventures and Clean Energy Ventures. The funding will be used to expand its footprint and use cases.

— Christine Hall

Health care

Eikon Therapeutics inks $148M: Eikon Therapeutics closed on a $148 million Series A round to develop live-cell super-resolution microscopy and engineering for drug discovery. The Hayward, California-based company intends to use the funds to integrate engineering, advanced optics and machine learning, alongside molecular biology and medicinal chemistry, to industrialize the tracking of protein dynamics. In addition to the financing, the company announced that Roger M. Perlmutter, M.D., PhD., will join Eikon as CEO.

Groups picks up $60M: Groups Recover Together, providing value-based care for opioid addiction treatment, raised $60 million in Series C financing. Oak HC/FT led the round for the Massachusetts-based company, which intends to expand into five states by the end of 2021 and will roll out an enhanced digital experience to complement its brick-and-mortar clinics with integrated telehealth.

— Christine Hall


TripActions acquires Reed & Mackay: Business travel management company TripActions said on Wednesday that it has made its first acquisition. The company is buying London-based corporate travel management company Reed & Mackay after raising $155 million earlier this year. While travel has been hit hard as a sector in the past year, it’s showing some signs of recovering as the COVID-19 vaccine rollout accelerates, and it looks like TripActions is preparing for the rebound. TripActions is backed by investors including Andreessen Horowitz and Lightspeed Venture Partners, while Reed & Mackay is backed by private equity investors including ECI Partners.

— Sophia Kunthara


Optable closes seed: Montreal-based Optable closed a $3.6 million seed round led by Brightspark Ventures and participated in by media and advertising angel investors. The company offers a data connectivity platform for advertisers and publishers that helps enable people-based targeting using identity data while preserving privacy.

— Chris Metinko

Venture Capital

Emergence raises two new funds: San Mateo, California-based venture capital firm Emergence1 announced it has closed its Emergence Capital Partners VI fund, a $575 million fund for early stage investments. The firm also has closed its Emergence Capital Opportunity I fund, a $375 million fund to invest primarily in follow-on rounds in existing portfolio companies. The two new funds bring Emergence’s total capital raised to $2.3 billion across seven funds.

— Chris Metinko

Illustration: Dom Guzman

  1. Emergence is an investor in Crunchbase. It has no say in our editorial process. For more, head here.

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