Weekly Round Up: 3/19/21

At Greenspring we believe in venture capital's ability to propel innovation, job creation and positive societal change. We celebrate those who think differently, take measured risk and challenge perceptions. Here's what's trending in VC this week:

Greenspring General Partner Hunter Somerville joins Illinois State Treasurer and Barings for a webinar hosted by Carta on perspectives from LPs investing across a range of alternative assets, including venture capital, private equity, growth equity, and real assets. The webinar will discuss how they source, evaluate and work with emerging fund managers and how managers can effectively navigate taking on institutional capital. You can learn more and register for the webinar here. 

Congratulations to online payments processing platform Stripe, backed by Greenspring managers Founders Fund, Redpoint Ventures and Accel, on its recent financing round that makes the company one of the most valuable startups in the world. More here.

Airtable, a no-code relational database, has raised $270 million in Series E financing with participation from Greenspring manager CRV. Read more about how the Company plans to use the funding to accelerate the development of its enterprise product and growing the team here.

NuOrder, a Los Angeles–based business-to-business e-commerce platform built for both brands and retailers, has raised $45 million in recent funding with participation from Greenspring manager Imaginary Ventures. More here.

Denver-based Strive Health, which aims to slow the progression of kidney disease, has raised $140 million in Series B financing to help scale its care model with help from Greenspring manager Redpoint Venture Partners. Read more about the Company's “boots-on-the-ground” group of specially trained clinicians that tap into data to slow patients’ disease progression and manage other avoidable health risks here.

Cyware, the developer of a cybersecurity threat intelligence sharing platform intended to promote secure collaboration, instill cyber resilience and enhance threat visibility, has raised $30 million in Series B financing co-led by Greenspring manager TenEleven Ventures. More here.

Socure, which uses AI and machine learning to verify identities, has raised $100 million in Series D funding led by Greenspring manager Accel and with participation from Greenspring manager Scale Venture Partners. Read more on how the COVID-19 pandemic has accelerated digital adoption, forcing businesses to work harder than ever to validate users and security, here.

Check out Max Simkoff, CEO of Greenspring portfolio company States Title (soon to be Doma), on Yahoo Finance discussing the Company’s vision for an instant, digital and frictionless real estate closing experience.

PayFit, a cloud-based payroll and employee management platform designed specifically for startups and SMEs, has raised $107 million in Series D funding with participation from Greenspring manager Accel. Learn more about the Company and their expansion plans here.

Copy.ai, a startup focused on creating AI-powered copywriting tools for business customers, has raised $2.9 million in recent funding led by Greenspring manager Craft Ventures. More here.

We are excited to share the launch of our second podcast series, Pairings! In our inaugural episode, Greenspring GP Hunter Somerville sits down with Alex Doll and Mark Hatfield from Greenspring manager TenEleven Ventures, a specialized venture capital firm that invests exclusively in cybersecurity companies. Check it out at this link or wherever you listen to your favorite podcasts.

Yotpo, a New York-based e-commerce marketing company designed to provide customer reviews for well-known brands, has raised $230 million in Series F funding. Read more on why Greenspring manager Bessemer Venture Partners co-led this round of funding here.

Genesis, a low-code platform designed for financial markets, has raised $45 million in recent financing to expand their platform led by Greenspring manager Accel. More on why low-code and no-code tools have been popular with enterprises looking to give their operations more of a tech boost here.

The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.