ActiveCampaign, Sift, AfterShip, Riverside.fm and BigID raise funding

04/23/21 • 2 min

ActiveCampaign raises $240M at a $3B valuation as marketing and sales automation come into focus for Small and medium businesses. The round was led by Tiger Global, with participation from another new backer Dragoneer, along with Susquehanna Growth Equity and Silversmith Capital Partners. This funding round represents a huge leap for ActiveCampaign.

Fraud prevention platform Sift raises $50M at over $1B valuation. Insight Partners led the financing, which included participation from Union Square Ventures and Stripes. Sift was founded out of Y Combinator in 2011, and has raised a total of $157 million over its lifetime. Sift uses machine learning and artificial intelligence to automatically surmise whether an attempted transaction or interaction with a business online is authentic or potentially problematic.

E-commerce tracking platform AfterShip raises $66M in SeriesB. This was led by Tiger Global, with participation from Hillhouse Capital’s GL Ventures. The company’s software enables sellers to track shipments made through more than 740 carriers and handles more than 6 billion shipments each year.

Podcast recording platform Riverside.fm raises $9.5M. The round is led by Seven Seven Six. Riverside.fm is a remote video and audio platform that records lossless audio and 4K video tracks remotely to each user’s system, saving the end result from the kind of technical hiccups that come with spotty internet connections. The company says it plans to use the money to increase headcount and build out more features for the service.

BigID boosts Series D to $100M at $1.25B valuation, With $30M extension. The investment comes from private equity firm Advent International, and brings the total raised to more than $200 million across four rounds. The late-stage startup is attracting all of this capital by building a security and privacy platform.

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Era Software, AppOmni and Per Diem raise funding

Era Software raises $15.25M for enterprise data management. EraDB officially rebranded as Era Software as part of the Series A announcement. The new round of funding was led by Playground Global and brings total funding to Era Software up to $22 million. AppOmni raises $40 million in a Series B. The round was led by Scale Venture Partners, with Salesforce Ventures and ServiceNow Ventures, as well as previous backers ClearSky, Costanoa Ventures, Inner Loop Capital and Silicon Valley Data Capital.The company today integrates with more than 100 connectors, platforms used by developers and IT teams at companies to manage the apps that their businesses use, such as tools like Splunk and Sumo Logic. Through this, AppOmni is able to aggregate and normalize event data around those apps, in addition to deeper monitoring in cases where it can integrate with apps themselves.Per Diem raises $2.3M to help local businesses build subscription programs. The round of seed funding was led by Two Sigma Ventures. The startup is currently focused on New York, but it’s already working with businesses in Phoenix and Washington, D.C.

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Basis Set Ventures merges venture capital to form a $165 million new fund

Hawke Ventures raises $5.6M to back digital marketing startups. The firm is mostly focused on products that can be used by small and medium businesses. The firm’s focus is to build a definitive platform for Conversational Commerce. Hwake is trying to build a different venture firm that does not focus on what we think the next big idea is, but is focused on building actual technology that can be used by consumers.
Introvoke raises $2.7M to power online events that can be embedded anywhere. The funding was led by Struck Capital. The startup offers components like virtual stages, chat rooms and networking hubs, all customizable and embeddable on a customer’s website. Introvoke charges customers based on live event minutes, a model that it says is accessible to companies large and small.At Basis Set Ventures, merging venture capital and software development yields a $165 million new fund. That product development is one reason the firm has managed to stay relatively lean and was two times oversubscribed when it went out to raise its second fund, a $165 million.Currently Basis Set has at least three different programs, all aimed to recruit and nurture talent that typical Bay Area firms haven’t traditionally focused on. The first is its Persistence platform, which is designed to help women developers and founders network and nurture connections and foster ideas. The firm also has a service that it calls Founder Superpowers, to help entrepreneurs identify and develop areas of strength while looking for additional tools to augment their capabilities. Another key factor for the company is trying to find a more diverse set of founders with different backgrounds from the typical Silicon Valley biography.