The Funding Letter #124: May 8

The Early Bird: Lite Edition 🕊

May 08, 2019

What is this? The Funding Letter is a daily venture capital newsletter, built for salespeople, by salespeople. Each Letter is sent directly to your inbox hours before Fortune’s Term Sheet, Axios’ Pro Rata, etc, so you’re tipped off before everyone else’s outreach emails flood your Decision-Maker’s inbox.

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Good morning. This Early Bird: Lite Edition comes to you directly from our headquarters in New York City.

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Cruise Automation is launching a fully self-driving rideshare service to safely connect people with the places, things and experiences they care about. View on LinkedIn.

New Funding Raised: $1.2B, Corporate Round

Round Investors: General Motors, Honda Motor, SoftBank Vision Fund, T. Rowe Price

HQ:  San Francisco, CA

Industry: Automotive

Employee Count: 1593

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VTS has a mission to revolutionize commercial real estate through innovation. VTS is the industry's leading leasing and asset management platform. View on LinkedIn.

New Funding Raised: $90M, Series D

Round Investors: Brookfield Asset Management (lead), Tishman Speyer

HQ: New York, NY

Industry: Computer Software

Employee Count: 211

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Exabeam is a big data security analytics company that provides enterprises with advanced user behavior intelligence to unlock the potential of existing security information and event management (SIEM) and log management data repositories, enabling IT security teams to more quickly detect and respond to cyberattacks and insider threats in real time. View on LinkedIn.

New Funding Raised: $75M, Series E 

Round Investors: Lightspeed Venture Partners (lead), Sapphire Ventures (lead), Aspect Ventures, Cisco Investments, Icon Ventures, Norwest Venture Partners, Shlomo Kramer

HQ: San Mateo, California

Industry: Information Technology and Services

Employee Count: 366

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FLEXE is reinventing warehousing and fulfillment to optimize the global delivery of goods. View on LinkedIn.

New Funding Raised: $43M, Series B

Round Investors: Activate Capital Partners (lead), Tiger Global Management (lead), Madrona Venture Group, Prologis Ventures, Redpoint

HQ: Seattle, Washington

Industry: Logistics and Supply Chain

Employee Count: 91

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DispatchHealth is redefining healthcare delivery through the most advanced on-demand, in-home healthcare model in the country. View on LinkedIn.

New Funding Raised: $33M, Venture - Series Unknown 

Round Investors: Echo Health Ventures (lead), Alta Partners, Questa Capital Management

HQ: Denver, CO

Industry: Medical Practice

Employee Count: 147

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Orchid Labs is an open-source project committed to ending surveillance and censorship on the internet. View on LinkedIn.

New Funding Raised: $7M, Venture - Series Unknown

HQ: San Francisco, CA

Industry: Computer Software 

Employee Count: 21

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