UpStream Healthcare, a value-based primary-care services and technology company, said it raised $140 million in Series B financing, bringing its total funding to nearly $185 million. The round was co-led by Coatue and Dragoneer with additional participation from other investors, including Avidity Partners, Define Ventures and Mubadala. Greensboro, N.C.-based Upstream said it supports physicians operating under full-risk, value-based arrangements who provide care to seniors on Medicare, using an integrated platform that emphasizes quality of care, health equity and total cost of care.
Los Angeles-based Bionaut Labs, which aims to use microscale robots to improve the treatment of central nervous system diseases and disorders, said it raised a $43.2 million Series B round led by Khosla Ventures, bringing its total financing to $63.2 million. New investors participating in the round included Deep Insight, OurCrowd, Sixty Degree Capital, Dolby Family Ventures, What If Ventures, Tintah Grace and Gaingels, along with all existing investors, including Upfront Ventures, Bold Capital Partners, Revolution VC and Compound.
Teampay, a New York-based maker of purchasing software, raised a $47 million Series B round led by Fin Venture Capital, bringing its total funding to $65 million. Other investors include Mastercard Inc., Proof Ventures, Trestle and Espresso Capital.
Sphere Technology Solutions, a Newark, N.J., identity management startup, has raised $31 million in a Series B funding round led by Edison Partners, with participation from existing investor Forgepoint Capital. Lenard Marcus, a general partner at Edison, was named to Sphere’s board of directors as part of the deal, the company said.
ResortPass, which sells day passes to luxury hotels and resorts, closed a $26 million Series B funding round. Declaration Partners and 14W led the round, while existing lead investor CRV also took part. Actresses Gwyneth Paltrow and Jessica Alba also invested in the round as did Brian Kelly, known as The Points Guy. ResortPass also appointed Michael Wolf as chief executive.
Palo Alto, Calif.-based security-software startup Pangea Cyber has raised $26 million in a Series B round led by GV, with participation from Decibel and Okta Ventures. The deal brings Pangea’s total fundraising over the past year to $52 million, which it plans to use to support product development and drive developer and builder adoption, the company said.
Virtual meetings startup CommonGround has raised $25 million from investors including Marius Nacht, Matrix Partners, Grove Ventures and StageOne Ventures, bringing its total funding to nearly $45 million, the company said. Based in Los Altos, Calif., and Tel Aviv, the startup is developing a platform that hosts real-life 3D avatars of users without the need for a virtual-reality headset.
Classified Cycling, a Belgium-based cycling startup developing wireless derailleurs, raised a $23 million round led by Active Partners.
Prophia Inc., a San Francisco-based AI commercial real estate data management startup, raised $10.2 million in Series A funding led by Cercano Management, with participation from SignalFire and others.
Netail, an AI startup for retailers, has raised $5 million in a seed funding round from Magarac Venture Partners, the company said. With offices in Hong Kong, Pittsburgh and Palo Alto, Calif., Netail is developing software that enables retailers to auto-identify competitors and track pricing and other data in real-time.
Buzz Solutions, a Palo Alto, Calif.-based energy infrastructure inspection technology startup, picked up a $3.3 million investment. GoPoint Ventures led the round, which included participation from MaC Venture Capital.
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