Built By Berkeley

Cal Mode - Raising $715M

Welcome to Built By Berkeley, where we announce all the funding rounds by Berkeley-founded companies. This is a community effort, so please let us know if we missed a company here. ๐Ÿป

Cal Modeโ€ฆ There was a lot of talk about Founder Mode this week, which refers to the idea that founders should be given more freedom to run their businesses. We believe there should be a specific "Cal Mode," especially after seeing companies founded by Berkeley alumni raise $715M in just one week.

This includes the $400M acquisition of Airbase by Paylocity. Congratulations to Thejo and the team at Airbase!

Was this forwarded to you or want to read past newsletters? Sign up for the weekly round-up here.

Summary by the #๏ธโƒฃ & ๐Ÿ’ฐ:

  • 12 Berkeley-founded companies funded

  • $715M of capital raised from the 2nd September to 6th September

๐Ÿ’ก Got any ideas or feedback on how to improve this weekly digest? Just hit reply.

Closed Rounds

๐Ÿ’ธ Airbase. $400M Acquisition. ๐Ÿ‡บ๐Ÿ‡ฒ Procurement platform to help control spend ๐Ÿ’ฐ Paylocity

๐Ÿป Thejo Kote, Founder & CEO. MIM. Article. 

๐Ÿ˜๏ธ Rentberry. $90M Series A. ๐Ÿ‡บ๐Ÿ‡ฒ Apartment rental platform ๐Ÿ’ฐ Berkeley Hills Capital & GTM Capital

๐Ÿป Oleskiy Lubinsky, Co-founder & CEO. BA Economics and Business

๐Ÿชซ 24M. $87M Series H. ๐Ÿ‡บ๐Ÿ‡ฒ Next-generation battery technology ๐Ÿ’ฐ Nuovo+, Dai Nippon Printing, Lucas TVS

๐Ÿป W. Craig Carter, Co-founder. BS, MS, PhD in Material Sciences (3x bear!)Article

๐Ÿ’ป Cortex. $60M Series C. ๐Ÿ‡บ๐Ÿ‡ฒ Developer portal for internal teams ๐Ÿ’ฐ Scale, Y Combinator, Sequoia 

๐ŸปNikhil Unni, Co-founder & Chief Architect. BA EECS. Article

๐ŸŽฎ E-Pal. $30M Series B. ๐Ÿ‡บ๐Ÿ‡ฒ Social gaming platform ๐Ÿ’ฐ a16z, Galaxy Interactive 

๐Ÿป Brian Xiong, CEO & Founder. BA Chinese Study. Article

โš•๏ธOkami Medical. $24M Series B. ๐Ÿ‡บ๐Ÿ‡ฒ Medical device business focused on vascular devices ๐Ÿ’ฐUndisclosed

๐Ÿป Bob Rosenbluth, Chairman & CoFounder. 

๐Ÿ•ต๏ธ Fiddler. $19M Series C. ๐Ÿ‡บ๐Ÿ‡ฒ AI observability platform ๐Ÿ’ฐ Undisclosed

๐Ÿป Amit Paka, Founder & COO. Haas MBA. 

๐Ÿ’‰ EnClear Therapies. $5M Grant & Undisclosed funding round. ๐Ÿ‡บ๐Ÿ‡ฒ Precision dosing for central nervous system disorders ๐Ÿ’ฐ National Cancer Institute & National Institutes of Neurological Disorders and Stroke.

๐Ÿป Jonathan Fleming, Co-founder & Chairman. BA. Article

๐Ÿฆพ Gainful. Undisclosed Series B. ๐Ÿ‡บ๐Ÿ‡ฒ Custom protein supplements ๐Ÿ’ฐ District Ventures, BrandProject, Round13 Capital. 

๐Ÿป Jahaan Ansari, Co-founder & CTO. BA Chemical Engineering.

๐Ÿ’ป  Claythis. Undisclosed Seed. ๐Ÿ‡บ๐Ÿ‡ฒ 3D character design powered by generative AI ๐Ÿ’ฐNaver D2 Startup Factory

๐Ÿป Luke Sungho Anh, Co-founder & CEO. Haas MBA ๐Ÿป Peter (Jinwoo) Shin, Co-Founder & Chief Scientist. PhD Bioengineering. Article

๐Ÿฉบ Brellium. Undisclosed Seed. ๐Ÿ‡บ๐Ÿ‡ฒ Automate doctors chart reviews ๐Ÿ’ฐ First Round Capital 

๐Ÿป Zach Rosen, Co-founder & CEO. BS Haas. 

๐Ÿšš Dispatch Goods. Undisclosed Round. ๐Ÿ‡บ๐Ÿ‡ฒ Reusable packaging platform ๐Ÿ’ฐ Clear Current Capital, Serra Ventures.

๐Ÿป Lindsey Hoell, CEO & Founder. Haas MBA. 

One We Missed

๐Ÿ’‰ Ancilla Biosciences. $4.2M Seed. ๐Ÿ‡บ๐Ÿ‡ฒ Using CRISPR for bacterial therapies ๐Ÿ’ฐ Safar Partners, Spacecadet Ventures, Metaplanet

๐Ÿป David Pรกez-Espino, Co-founder & CTO. Postdoc Microbiology. Article

๐Ÿค– Covariant. Accu-hire. ๐Ÿ‡บ๐Ÿ‡ฒ Robotic automation for warehouses ๐Ÿ’ฐ Amazon

๐Ÿป Peter Chen, Co-founder & CEO. BA & PhD EECS ๐Ÿป Pieter Abeel, Co-founder & Chief Scientist. Professor ๐Ÿป Rocky Duan, CTO and Co-founder. BA Maths & PhD EECS.  Article

Built By Berkeley Tracker

Date Built By Berkeley Started

Companies Funded

Total Raised ($M)

7/8/24

80

3,572

Events

  • Next Play is excited to announce a new initiative to connect Berkeley students with amazing opportunities and like-minded individuals! Fill out this form for more info.

  • Looking to learn more about Venture Capital & Tech - see a Berkeley short course, Venture Capital for Tech and use GobearsUCB15 for a 15% discount.

Our goal is to document the startup ecosystem of Berkeley-founded companies. Please share this newsletter with any Cal Bears in your network so we can crowdsource information about all investment rounds and job opportunities.

  • Did we miss a company or want to announce a round? Add it here, and we will post it next week.

  • Do you have a job you want to post from a Berkeley Company? Add here.

  • Is there someone in the Berkeley ecosystem that you would want us to do a profile on? A founder, funder, or general startup person? Add here.

Built By Berkeley is not affiliated with UC Berkeley, but maybe we will be one day if we get enough subscribersโ€ฆ.