2021 was a very eventful year at Cervin. We welcomed new team members and portfolio companies, participated in funding rounds for existing companies and had some significant exits with Tynker, Punchh and Nexient.
Here are some highlights from 2021:
Investments and Team
We are pleased to share that the hard work of our founders and their teams is widely recognized by the market, as their companies have successfully raised follow on rounds. Two of these companies - LaunchDarkly and Snaplogic - are now valued north of $1 billion.
- LaunchDarkly - Raised a $200 million Series D and achieved a $3 billion valuation. We are fortunate to have been the first institutional investor in the company.
- Snaplogic - Raised $165 million funding round at a $1 billion valuation.
- Privacera - Raised a $50 million Series B. The round was led by Insight Partners with participation from Sapphire Ventures, Battery Ventures, and existing investors Accel, Point 72, and Cervin Ventures.
- Paystand - Raised a $50 million Series C. NewView Capital led the round with participation from existing investors including Cervin Ventures.
- Akridata - Raised a $15 million Series A.
- Blink Technologies - Raised a $14 million Series A. InCapital Partners led the round with participation from Trilogy, Eldridge, Elysian Park, and Cervin Ventures.
- Catch&Release - Raised a $14 million Series A. Accel led the round with participation from existing investors including Cervin Ventures.
- Bedrock Analytics - Raised a $5 million funding round from Cervin Ventures and Illuminate Ventures.
- Slapdash - Raised $3.7 million in seed funding. Cervin Ventures participated in the round along with S28 Capital, Quiet Capital, Quarry Ventures, UP2398, and Twenty Two Ventures. Angels participating in the round include co-founders at companies such as Patreon, Docker, and Zynga.
In 2021, we welcomed four new companies to our portfolio:
- ThirdAI is an Artificial Intelligence startup building tools to speed up deep learning without the need for specialized hardware. In the second half of 2021, they raised a $6 million seed round that was co-led by Cervin Ventures and Neotribe Ventures, with participation from Firebolt Ventures.
- Anvilogic is a leading cyber-security automated threat detection company. In 2021, they raised a $10 million Series A led by Cervin Ventures with participation from Foundation Capital, Point 72 Ventures, and Dan Warmenhoven.
- WEVO is a customer experience platform that provides the fastest, most accurate insights to optimize digital experiences. WEVO’s human-augmented AI model allows organizations to test live websites and concept designs, without the need for live traffic.
- salesDNA is developing an AI-first sales acceleration platform to help enterprise sales organizations get real-time visibility into their entire funnel operations. Its AI-driven recommendations bring machine-like objectivity and consistency to sales execution and helps teams accelerate sales with higher accuracy and efficiency.
