Daily funding roundup - February 25th, 2021

Kristin Karaoglu · February 25, 2021 · Short URL: https://vator.tv/n/51e3
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Mantle raised $13M; Armorblox landed $30M; Lob secured $50M; Otter.ai picks up $50M

TreeCard: TreeCard is a  U.K. yet-to-launch fintech offering a spending card made out of wood and the promise to fund reforesting via the interchange fees generated.TreeCard has raised $5.1 million in seed funding. The round is led by EQT Ventures, with participation from Seedcamp and Episode 1. Read more

Raena: Raena is a Singapore-based social commerce platform. Raena has raised $9 million in Series A funding co-led by Alpha Wave Incubation and Alpha JWC Ventures, with participation from AC Ventures and earlier investors Beenext, Beenos and Strive. Read more 

Stoke Space Technologies: Stoke Space Technologies is a Seattle-based startup that says it is making a reusable second stage rocket, which will take a payload to orbit and beyond. Stoke Space Technologies has raised $9.1 million in seed funding co-led by NFX and MaC Ventures, with participation from Y Combinator, Seven Seven Six (Alexis Ohanian), Liquid2 (Joe Montana), and Cruise cofounder Kyle Vogt, among other individual investors. Read more

StorageOS: StorageOS is a London-based software-defined cloud native storage platform. StorageOS has raised $10 million in Series B funding. Downing Ventures led the round, joined by Chestnut Street Ventures and earlier investors Bain Capital Ventures, Uncorrelated Ventures, and MMC Ventures. Read more 

Mantle: Mantle is a  Bay Area-based company whose 3D printing technology makes high-precision metal parts. Mantle raised $13 million in funding from Foundation Capital, Hypertherm Ventures, Future Shape, 11.2 capital, Plug and Play Ventures, and Corazon Capital. Read more

Maze: Maze is a Paris, France-based user testing platform. Maze raised $15 million in Series A funding led by Emergence Capital, with participation from Amplify Partners, Partech and Seedcamp. Read more

Borrowell: Borrowell is a Toronto-based startup that offers free credit scores, education and monitoring, as well as credit coaching and personalized financial product recommendations. Borrowell has raised $25 million CAD (around $20 million) from Kensington Capital Partners, BDC Capital, iA Financial Group, Impact Engine and insiders Portag3 Ventures, White Star Capital, National Bank of Canada and Equitable Bank. Read more

FundGuard: FundGuard is an AI-powered SaaS investment management and asset servicing enterprise platform. FundGuard announced that it has closed $12M in Series A funding. The financing is led by Team8 and existing investors Blumberg Capital and LionBird Ventures. Read more

Armorblox: Armorblox is a Sunnyvale, Ca.-based company that makes enterprise email security software. Armorblox has raised $30 million in Series B funding. Next47 led the round, joined by Polaris Partners, Unusual Ventures and General Catalyst. Read more

Medisafe: Medisafe is a  Boston-based medical management company that is developing a personalized medication management platform to help patients stay on top of their prescriptions. Medisafe has raised $30 million in Series C funding. Sanofi Ventures and Alive Israel HealthTech Fund co-led the round, joined by Leumi Partners, Menora Mivtachim, Consensus Business Group and earlier backers Pitango Ventures, 7Wire Ventures, Merck Ventures, Octopus Ventures, Lool HealthTech, Triventures and OurCrowd. Read more

Lob: Lob is a  San Francisco-based company promising to help businesses deliver physical mail more quickly and affordably, and with more personalization. Lob has just raised $50 million in Series C funding led by Y Combinator Continuity Fund. Lob participated in the YC accelerator; the Continuity Fund also led the startup’s previous funding. Read more

Otter.ai: Otter.ai is a Los Altos, Ca.-based startup that develops speech to text transcription and translation applications using artificial intelligence and machine learning. Otter.ai has raised $50 million in Series B funding. Spectrum Equity led the round, joined by Horizons Ventures, Draper Associates, GGV Capital and Draper Dragon Fund. Read more

Anchorage: Anchorage is a San Francisco-based cryptocurrency custodian that promises investors the ability to safely hold and use digital assets. Anchorage has raised an $80 million Series C funding round led by Singapore’s sovereign wealth fund, GIC. Earlier backers also joined the round, including Andreessen Horowitz, Blockchain Capital, Lux and Indico. Read more  

Terminus: Terminus is an Atlanta, Ga.-based account-based marketing company. Terminus has raised $90 million in Series C funding. Great Hill Partners led the round, joined by Hallet Capital and earlier investors Atlanta Ventures and Edison Partners. Read more

Newsela: Newsela is a  New York-based company that takes real-world content from trusted original content providers and turns it into instructional K-12 content. Newsela has raised $100 million in Series D funding at a post-money valuation of $1 billion. New investor Franklin Templeton co-led the round with earlier investor TCV. Other participants in the round include Owl Ventures, Tao Capital Partners, Chan Zuckerberg Initiative, and Waycross Ventures. Read more

If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to kristin@vator.tv. If you want a longer write-up, please do give us a couple of days heads up. If you'd like to be included in our Today's Entrepreneur column, please send me your Vator profile.

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Kristin Karaoglu

Woman of many skills: Database System Engineer; SplashX event producer; Author of Startup Teams

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