San Francisco's software industry is on a roll with investors, with 49 local companies securing venture capital. New funding rounds were recently announced by software firms Pipefy, The Minerva Project and SWIT Technologies, according to company database Crunchbase.
Pipefy topped the city's recent funding headlines by announcing a $45 million Series B round on July 10, led by Insight Partners.
According to its Crunchbase profile, "Pipefy is a cloud-based business process management platform that empowers managers to build and execute any type of workflow. Through a simple, Kanban-style interface, companies can achieve process excellence without the need for IT, technical skills or professional services. [Pipefy's] fully customizable platform helps teams attain higher levels of productivity and efficiency by setting clear execution standards for every step of each process."
The 5-year-old startup has raised three previous funding rounds, including a $16 million Series A round in 2018.
Next up, The Minerva Project raised $7.5 million in Series C funding in a round announced on July 11 and led by ByteDance.
According to Crunchbase, "The Minerva Project is a leading educational innovator, providing top-tier higher education offerings to the Minerva Schools at KGI as well as other educational partners. Since 2012, the Minerva Project has raised $120 million of funding across three rounds from investors that include Benchmark Capital, TAL, Zhen Fund, and Bytedance. Building upon the best traditions of liberal arts and sciences education, Minerva is committed to preparing global leaders and innovators for the complexities of the 21st century."
Founded in 2011, the company has raised four previous rounds, including a $49 million Series C round in 2018.
Meanwhile, SWIT Technologies raised $6 million in seed funding, announced on July 11. The round's investors were led by Korea Investment Partners.
From the company's Crunchbase profile: "Swit is a team collaboration suite that has seamlessly combined cutting-edge team communications with high-performance task management."
SWIT Technologies last raised $1.2 million in pre-seed funding in 2018.
Overall, San Francisco-based software companies have raised $1.1 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.
