Woman at desk with charts

Friday Fundings: Cockroach Labs, NYDIG, Course Hero



Enterprise Software Startup Raises $278 Million

Enterprise software startup Cockroach Labs raised $278 million in venture funding. The Series F round, which was led by Greenoaks Capital, gives Cockroach Labs a $5 billion valuation. That is more than double the company’s valuation from earlier in 2021. Other investors participating in the round include Coatue, FirstMark, Redpoint, Tiger Global Management, and Alphabet (GOOGL).

Cockroach makes database software in the cloud that enables companies to quickly develop apps. The startup counts eBay (EBAY), Nubank, and Comcast (CMCSA) among its customer base. Many companies relied on Cockroach’s software during the pandemic. The funding will be used to support growth, accelerate its research and development investments, and work on new features and functionality.

Bitcoin Platform Now Sports a $7 Billion Market Cap

Bitcoin platform company NYDIG raised $1 billion in venture funding, giving it a valuation of more than $7 billion. The fundraising round was led by WestCap and included participation from Bessemer Venture Partners, FinTech Collective, and existing investors.

NYDIG, which is expanding access to Bitcoin (BTC), has seen record growth during 2021. NYDIG is the platform powering Upgrade’s Bitcoin Rewards Card. The company is betting its roster of partners and strategic investors positions it to be a leading provider of Bitcoin solutions for businesses.

Proceeds from the fundraising round will be used to continue to develop NYDIG’s Bitcoin platform and to beef up its staff.

Online Study Material Company Raises $380 Million

Online study materials provider Course Hero raised $380 million in a round of venture funding. The Series C round, which was led by Wellington Management, gives the startup a valuation of $3.6 billion. The new capital raise comes at an acquisitive time for Course Hero. It recently purchased education materials companies CliffsNotes, LitCharts, QuillBot, and Symbolab. Combined these four account for over half of Course Hero’s traffic.

With the fresh capital, Course Hero plans to make more buys. Course Hero is looking to expand into course materials for professionals. Other investors in the round included Sequoia Capital Global Equities, OMERS Growth Equity, D1 Capital, and GSV Ventures, among others.

Things are changing daily within the financial world. Sign up for the SoFi Daily Newsletter to get the latest news updates in your inbox every weekday.

Sign up


Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Adviser
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.
SOSS21121703


All your finances.
All in one app.

SoFi QR code, Download now, scan this with your phone’s camera

All your finances.
All in one app.

App Store rating

SoFi iOS App, Download on the App Store SoFi Android App, Get it on Google Play

ABOUT Meg Richardson Meg Richardson is a writer specializing in markets, technology, and personal finance. She loves breaking down seemingly complex ideas and making them readable and interesting for everyone. She holds an MFA in writing from Columbia University. When she is not writing about finance, she enjoys running in Central Park and drawing cartoons.


TLS 1.2 Encrypted
Equal Housing Lender