San Francisco-based leisure and personal health company Calm has secured $27 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced July 1 and financed by Lightspeed Venture Partners.
According to its Crunchbase profile, "Calm provides applications with hundreds of programs for intermediate and advanced users to relax their minds. The company operates an online portal which allows busy and information-loaded web workers to reduce stress. Calm was founded by British entrepreneurs Michael Acton Smith and Alex Tew, with a mission to make the world healthier and happier, and eventually become the 'Nike for the mind.'"
The seven-year-old company has raised five previous funding rounds, including a $88 million Series B round earlier this year.
The round brings total funding raised by San Francisco companies in the mobile space over the past month to $131 million. The local mobile industry has produced 143 funding rounds over the past year, yielding a total of $6.3 billion in venture funding.
In other local funding news, loyalty programs and brand marketing company Zyper announced a $6.5 million Series A funding round on June 6, led by Talis Capital.
According to Crunchbase, "Zyper wants to re-create social networks for brands by connecting them to their top fans to drive engagement, insights and sales."
Founded in 2017, the company has raised two previous rounds, including a $120,000 seed round in 2018.
Meanwhile, advice and consulting company Novi Finance raised $3 million in seed funding, announced on June 12. The round's investors were led by Runa Capital.
From the company's Crunchbase profile, "Novi is a well-funded seed stage startup on a mission to help the 69% of millennials who have less than $5,000 in savings manage their money, debt and investments by putting their finances on autopilot. Our initial offering is a Smart Checking account, which automatically helps you save and earn more money by routing your cash intelligently across loans, investments and retirement. We answer what you should do with your money, why you should do it, and most importantly, we do the work for you."
Novi Finance last raised seed funding in 2018.
Also of note, leisure and adventure travel company Stride Travel raised $2.5 million in seed funding, announced on June 12 and led by NFX.
From Crunchbase, "Stride Travel connects travelers with their perfect expert-planned adventure trip — a new way to experience breathtaking world travel, without the hassle. Stride Travel was the winner of the 2016 Phocuswright Innovation Battleground — travel tech's premier startup competition. The company is also a member of NFX Guild S17 — the top accelerator for marketplace and 'network effects' startups."
The company previously raised seed funding in 2018.
Rounding out the city's recent top local funding events, commercial real estate company Neyborly raised $2.5 million in seed funding, announced on June 10 and led by Craft Ventures.
From Crunchbase, "We're changing the way people utilize real-estate in their cities and neighborhoods. We believe that everyone should be able to access beautiful space at an affordable price. Whether you need space for your birthday party, leadership meeting, wedding reception, or art show...we want to provide you with a unique and convenient environment to host life's great moments."
The company previously raised $175,000 in pre-seed funding earlier this 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.
