San Francisco's software industry is pulling in new investment, with 38 local companies securing venture capital. New funding rounds were recently announced by software ventures SmartRecruiters, PayJoy, Prodigy, Alchemist Accelerator and Hostfully, Inc., according to company database Crunchbase.
SmartRecruiters topped the city's recent funding headlines, announcing a $50 million Series D round on May 29. The round will be led by Insight Partners.
According to its Crunchbase profile, "SmartRecruiters, the hiring success company, transforms recruiting for leading companies in today’s talent economy and the candidates they seek to hire. Bosch, Ancestry.com, Ikea, Marc Jacobs, Skechers and Equinox are among the tech, retail, manufacturing, hospitality and entertainment leaders using SmartRecruiters' talent acquisition platform to run recruiting like a sales and marketing machine. The platform’s recruitment marketing and collaborative hiring capabilities serve as a force-multiplier for recruiters."
The nine-year-old company has raised four previous funding rounds, including a $30 million Series C round in 2016.
Next up, PayJoy raised $20 million in Series B funding, in a round announced on May 23 and led by Greylock Partners.
According to Crunchbase, "PayJoy is bringing consumer finance to people who otherwise could not afford modern electronics such as smartphones. Their unique locking technology and data science enables us to offer smartphone financing to underbanked people in the U.S. and Mexico, and they are now expanding in Africa, India, Asia, and Latin America. Their ambition is to deliver affordable consumer finance to 1 billion people worldwide."
Founded in 2015, the company has raised eight previous rounds, including a $20 million debt financing round in 2018.
Meanwhile, Prodigy raised $9 million in Series A funding, announced on May 31. The round was financed by Tribe Capital.
From the company's Crunchbase profile, "Prodigy is an automotive company that offers a new system of transaction for modern car dealerships. The company brings the convenience of ecommerce to the $1.1 trillion car sales industry. Its industry-first platform allows dealerships to deliver a seamless checkout experience from a single system."
Prodigy last raised $5.4 million in seed funding in 2018.
Also of note, education company Alchemist Accelerator raised $4 million in funding, announced on May 16.
From Crunchbase, "Alchemist Accelerator is a venture-backed initiative focused on accelerating startups whose revenue comes from enterprises, not consumers. The accelerator backs teams with distinctive technical founders, providing $36K notes, a fellowship of high-potential founders, highly sought-after mentors, customer development, and a structured path to fundraising. The program runs for six months, and is based in Silicon Valley."
The company previously raised $2.5 million in funding earlier this year.
Rounding out the city's top local funding events, tourism company Hostfully, Inc. raised $1 million in seed funding, announced on May 9 and led by Precursor Ventures.
According to Crunchbase, "Hostfully helps vacation rentals companies earn more revenue and deliver a five-star guest experience. The property management software platform distributes listings to Airbnb, HomeAway, Booking.com and TripAdvisor, and also automates operations including payments (Stripe) and accounting (Quickbooks). Hostfully's market-leading digital guidebook platform gives travelers local recommendations and essential property information."
The company previously raised seed funding in 2017.
Overall, San Francisco-based software companies have raised $2.6 billion in venture funding over the past month and $19 billion over the past year.
This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.
