The 4th of July festivities are behind us and the US Women's team has won the World Cup. Now it's time for us to take a quick look at the first half of 2019 for Social Leverage and our companies.
1upHealth took first place honors in MassChallenge HealthTech's 3rd co-hort pitch event. They also took home the startup's choice award via popular vote. Between the two awards, the company received $110,000 in non-dilutive funding. We had invested in 1upHealth earlier this year.
Validately was acquired by UserZoom. Social Leverage Fund II invested in Validately with the belief that the user testing market was ready for a better solution. Founders Steven Cohn and Mark Bathie delivered by building a terrific product that their customers love. We're looking forward to seeing what Validately can do as part of UserZoom.
Kustomer raised a $40 million Series D round, led by Tiger Global. Earlier in the year, Kustomer had raised a $35 million Series C round, led by Battery Ventures. These two funding rounds culminated a total of over $100 million raised in a single year. Kustomer is building a modern customer service platform, used by incredible companies like Away and Ring.
Life360 went public! The family tracking app made their initial public offering in Australia on May 9th, raising over $100 million. The stock rose a little over 5%, giving the company a market value of $535 million. Life360 is the biggest tech IPO on the ASX in three years, according to CEO Chris Hulls. Life360 was a Social Leverage LLC portfolio company.
Return Path was acquired by Validity. Fund I had invested in Embarke in 2013, which in turn split their assets in selling the company to both Return Path and Seismic. Seismic raised their Series E last December.
ChartIQ completed a $17 million Series B financing. They have begun to role out their Finsemble product while also expanding the team in the US, London and Hong Kong. ChartIQ is a Social Leverage Fund I portfolio company.
Open Roles: Social Leverage companies are continuing to hire great talent. An updated view of the companies that are hiring in our portfolio is visible on our site via AngelList. We’d appreciate help finding terrific candidates.
We continue to thank and celebrate our founders. Our success is truly because of them. We're looking forward to what the back half of the year will bring.