Allocate, a two-year-old San Francisco startup that aims to supply investors with a streamlined way to invest and manage private investments, raised a $10 million round. Gopher Asset US, Intera Investments, and M13 Ventures all invested. The company has raised a total of $33.5 million. More here.
GiftPack, a three-year-old New York startup that says it uses AI to streamline the corporate gifting process, raised a $4.3 million seed round led by Chang Hai Lin, with participation from Tech Coast Angels. More here.
Rain, a four-year-old startup based in Alameda, Ca., that uses autonomous aircraft to analyze and suppress wildfires, raised a $9.7 million seed round led by DBL Partners, with VoLo Earth Ventures, Kapor Capital, and Convective Capital also chipping in. More here.
Rocket.Chat, a seven-year-old based in Wilmington, De., that provides an open-source chat platform, raised a $10 million Series A round co-led by Alexia Ventures, Endeavor Catalyst, Endeavor Scaleup Ventures, RedHat founder Bob Young, NEA, and Valor Capital Group, with Greycroft, Monashees, DGF, and Graphene also contributing. More here.
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