Andela Raises $200M|BTV Acquires NextPro|Mosyle Launch|Route $1B List|TaxBit Raises $130M|Edsights Raises $5M|Plena Data Raises $10M|Open Roles

Fund I


Andela Raises $200M Round at $1.5B Valuation

Andela, which helps tech companies build remote engineering teams, recently announced it raised a $200M Series E led by SoftBank at a $1.5B valuation. The company plans to use the new funds to grow its network of job candidates to span at least 100 countries by the end of the year, from roughly 80 currently. Congrats to Jeremy Johnson, Christina Sass and the Andela team!

Fund II


BallerTV Acquires NextPro, Launches NFTs

BallerTV, a streaming service that provides access to youth sports games, is acquiring on-demand youth sports filming and recruiting company NextPro. NextPro are rights holders to some of the biggest soccer and lacrosse events in the country and formed a perfect match with BallerTV’s live streaming platform. BallerTV has already broadcast more than 300,000 contests in 2021 and is on pace to stream between 350,000 and 400,000 by the end of the year—which will be the company's biggest to date

In other BallerTV news, the company continues to lead the way in the revolutionary sports NFT space, allowing high school players the opportunity to monetize their name and likeness by selling NFTs. For decades, players have been unable to benefit financially from their brand without jeopardizing their college eligibility but BallerTV is helping change that. Proud of what Aaron Hawkey, Robert Angarita, Sandeep Hingorani and the BallerTV team are accomplishing!

Mosyle Launches Encrypted DNS Filtering & Security Solution

Mosyle recently announced that it is providing K-12, higher education, and enterprise customers with web filtering and end-user privacy for Apple devices at school, home, or work whereas web filtering has typically been done at the network level. The new DNS-based filtering solution is built within Mosyle’s Apple MDM and security platform. The encrypted DNS leverages features from web filtering and security, MDM, and endpoint security to create completely new workflows for IT administrators to secure end-users. We’re excited about the product advances being made by Alcyr Araujo and the Mosyle team!

Route Launches Merchant Platform, Makes Next $1B Company List

Route, the leading post-purchase technology for modern ecommerce, recently announced the launch of its Route for Merchants platform. The company is creating the world’s first fully integrated post-purchase network connecting the best direct-to-consumer brands with more than two billion online shoppers around the world. In just two years, Route has built one of the fastest-growing technology companies in the world, landing them on Forbes’ 2021 Next Billion Dollar Startups list. The company powers modern post-purchase experiences for more than 10,000 merchants including top brands like APL, Alo Yoga, Solo Stove, Cotopaxi, Utah Jazz, Cuts Clothing, and Organifi. Every day, dozens of merchants and more than 50,000 shoppers join the Route network. A big congrats to Evan Walker, Mike Moreno and the Route team!

TaxBit Raises $130M Series B at $1.3B Valuation

TaxBit, which provides cryptocurrency tax software for consumers, enterprises and government entities, recently raised a $130 million Series B valuing the Utah startup at $1.3B. Since incubating in our offices in 2017, brothers Austin and Justin Woodward and their cousin Brandon Woodward have raised over $230M. From the March raise, the company has tripled its headcount to about 100 people, launched an office in Seattle, deployed services with the IRS and inked partnerships with a number of digital asset platforms including Coinbase, BlockFi and Gemini. Congratulations to Austin Woodward, Justin Woodward and the TaxBit team!

Fund III


EdSights Raises $5M Series A

EdSights, which provides an SMS-based, machine-learning-powered chatbot to gather real-time insights into college students’ experiences, announced a $5 million Series A led by Album with participation by Lakehouse, Good Friends, Chegg CEO Dan Rosensweig and GSV Ventures’ Deborah Quazzo joining the round. EdSights has achieved 6x annual revenue growth and landed 70 customers (last May they had 16) which consist of colleges, institutions or universities. Congratulations to the sister duo Claudia and Carolina Recchi and the rest of the EdSights team!

Plena Data Raises $10M Series A

Plena Data, a Robotic Process Automation (RPA) platform facilitating accounting automation, recently announced a $10M Series A led by Elevation with continued participation from Album. The company’s RPA platform brings the price down from an industry norm of hundreds of thousands and months of development, to ten thousand dollars and three weeks of development via tools for software devs with templates and APIs to speed up the process. At a lower price and faster delivery, mid-market CFOs can deploy automations in a way that was previously impossible. Kudos to Dave Aditya, Jackson Ostler and the Plena Data team!


Portfolio Job Opportunities

Are you, or someone you know, looking for an opportunity at a fast-growing, category-leading tech startup? Check out our job board of open roles across engineering, marketing, sales, and more.

-The Album Team