San Francisco-based banking company SynapseFI has secured $33 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced June 6 and led by a16z crypto.
According to its Crunchbase profile, "SynapseFI is a banking platform that enables companies to provide finance products to their customers for a fraction of the cost of traditional banks. They help fintech companies work together to develop technology."
The five-year-old company also raised a $17 million Series A round in 2018.
The round brings total funding raised by San Francisco companies in lending and investments over the past month to $104 million, an increase of $4.5 million from the month before. The local lending and investments industry has produced 56 funding rounds over the past year, yielding a total of $1.9 billion in venture funding.
In other local funding news, commercial real estate and energy efficiency company Carbon Lighthouse announced a $32 million funding round on June 4, led by GRC SinoGreen Fund.
According to Crunchbase, "Carbon Lighthouse is on a mission to stop climate change by making it easy and profitable for building owners to eliminate carbon emissions caused by wasted energy. The company’s unique approach to efficiency production goes deep into buildings to uncover and continuously correct hidden inefficiencies that add up to meaningful financial value and carbon elimination that lasts."
Founded in 2010, the company has raised four previous rounds, including a $7.5 million round in 2018.
Meanwhile, smart cities and advertising platforms company Firefly raised $30 million in Series A funding, announced on May 30.
From the company's Crunchbase profile, "Firefly is building the first mobility-based 'smart screens/smart cities' advertising and data platform that utilizes the ride share and gig economy for distribution and scale. Firefly's unique location-based, 'situationally aware' software and first-party data enable the most granular, audience-based targeting of any away-from-home medium on any screen type. Through the digital signages installed atop hundreds of taxis, Firefly is sending targeted ads via 4G and 4G LTE cellular transmission."
Firefly last raised $21 million in seed funding in 2018.
Also of note, computer company Welkin Health raised $17 million in Series B funding, announced on May 29 and led by Altos Ventures.
From Crunchbase, "Welkin is patient management software that guides teams through their care, keeping them on track. It tells health workers when to do what, focusing attention on the people who need it, when they need it."
The company previously raised $8 million in Series A funding in 2017.
Rounding out the city's recent top local funding events, information services company Weights & Biases raised $15 million in Series B funding, announced on May 30 and led by Coatue Management.
From Crunchbase, "Weights & Biases is on a mission to build the best software tools for machine learning. Weights & Biases helps companies turn deep learning research projects into deployed software by helping teams track their models, visualize model performance and easily automate training and improving models."
The company previously raised $5 million in Series A funding in 2018.
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