Bay Area/ San Francisco/ Retail & Industry
Published on August 07, 2019
Wish nets $300 million, plus more top funding news for San Francisco-based companiesPhoto: Copia/Facebook

San Francisco-based content discovery company Wish has secured $300 million in Series H funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced August 1 and financed by General Atlantic.

According to its Crunchbase profile, "Founded in 2010 and headquartered in San Francisco, Wish is a leading e-commerce platform, putting a digital shopping mall of affordable goods directly in the pockets of consumers worldwide. Wish employs big-data principles, machine-learning and state-of-the-art search technologies to create a highly visual, entertaining and personalized browsing experience for each user. The company leverages a global network of direct suppliers, providing access to top-quality, affordable products to anyone with a smartphone."

The nine-year-old company has raised eight previous funding rounds, including a $250 million Series G round in 2017.

The round brings total funding raised by San Francisco companies in commerce and shopping over the past month to $672 million, an increase of $515 million from the month before. The local commerce and shopping industry has produced 188 funding rounds over the past year, raking in a total of $4.7 billion in venture funding.

In other local funding news, compliance company DataGrail announced a $5 million Series A funding round on July 30, led by Cloud Apps Capital Partners.

According to Crunchbase, "DataGrail is a purpose-built privacy management platform that ensures sustained compliance with the GDPR, CCPA and more. DataGrail directly integrates with more than 100 business systems, such as Salesforce, Adobe and Oracle, enabling companies to discover and map personal data in seconds, not weeks or even months. DataGrail's direct integrations allow companies to operationalize the privacy request workflow in minutes and unify email preferences across all customer-facing applications."

Founded in 2018, the company has raised two previous rounds, including a $4 million Series A round in 2018.

Meanwhile, bioinformatics company Biome Makers raised $4 million in funding, announced on August 2. The round's investors were led by JME Ventures.

From the company's Crunchbase profile: "Biome Makers is a biotech company born in Silicon Valley and specialized in the identification and understanding of the microbiome. They use DNA sequencing technologies and proprietary intelligent computing systems to ease detailed information and recommendations that allow customers to improve their agricultural production and the quality of their products."

Biome Makers last raised $17,006 in non-equity assistance funding earlier this year.

Also of note, computer company Leaseable raised $3.5 million in seed funding, announced on July 31 and financed by SignalFire.

From Crunchbase: "Leaseable’s mission is to elevate commercial real estate data into accessible and actionable knowledge. Leaseable is a trailblazing startup that is transforming the way commercial leases are negotiated, administered and managed. With over 50 years of combined CRE and tech experience, the Leaseable team is solving real problems for commercial building owners."

The company previously raised $1.6 million in seed funding in 2018.

Rounding out the city's recent top local funding events, sharing economy and waste management company Copia raised $1.4 million in seed funding, announced on July 15 and led by Structure Capital.

From Crunchbase: "Copia is the next-generation technology platform for food waste management."

The company previously raised $3.1 million in seed funding in 2016.


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