San Francisco-based cloud computing company Segment has secured $175 million in Series D funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion, announced April 2, w led by GV.
According to its Crunchbase profile, "Segment provides the customer data infrastructure that helps businesses put their customers first. Using Segment, companies can collect, unify, and connect their first-party to over 200 marketing, analytics, and data warehouse tools. More than 15,000 companies across 71 countries, from fast-growing businesses such as Atlassian, Bonobos, and Instacart to some of the world’s largest organizations like Levi’s, Intuit and Time, use Segment to achieve a common understanding of their users and activate their own data to create customer-first decisions and experiences."
The eight-year-old company has raised six previous funding rounds, including a $64 million Series C round in 2017.
The round brings total funding raised by San Francisco companies in software over the past month to $1.5 billion. The local software industry has produced 714 funding rounds over the past year, capturing a total of $19 billion in venture funding.
In other local funding news, solar company Recurrent Energy announced a $50 million debt financing funding round on April 2, financed by Natixis.
According to Crunchbase, "As a leading provider of distributed solar power, Recurrent Energy is overcoming the barriers to widespread solar adoption, making renewable energy a practical choice for today's large scale energy users. They are a developer and owner of locally-sited solar power systems, selling clean electricity to their customers worldwide at competitive rates via a Power Purchase Agreement (PPA) or Feed-in Tariffs (FiT). In return, their utility, commercial, and government customers achieve energy independence, predictable pricing, and enhanced sustainability."
Founded in 2006, the company has raised three previous rounds, including a debt financing round in 2018.
Meanwhile, blockchain company Celo raised $30 million in funding, it was announced on April 2.
From the company's Crunchbase profile, "Celo is an open platform that makes financial tools accessible to anyone with a mobile phone. Our mission is to build a monetary system that creates the conditions of prosperity for all."
Celo last raised $6.5 million in funding in 2018.
Also of note, beauty company Cora raised $7.5 million in Series A funding, announced on April 2.
From Crunchbase, "Cora believes 'that time of the month' should never be a source of shame, harm or uncertainty. And it should never keep a girl from getting her education."
The company previously raised $6 million in Series A funding in 2017.
Rounding out the city's recent top local funding events, email company Mailgun raised private equity funding, announced on April 2 and financed by Thoma Bravo.
From Crunchbase, "Mailgun provides a web service for integrating email inboxes into apps. Just as Twilio enables developers to build voice and SMS into their apps, Mailgun enables developers to tightly integrate email into their apps, i.e. give real email mailboxes to their users, their web pages or any objects in their apps."
The company previously raised $50 million in funding in 2017.
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