phone and market graph

Friday Fundings: Plume, Truvian, and Anuvia Plant Nutrients

Connected Home Company Raises $270 Million

Plume, a software platform that helps users run their connected homes, just raised $270 million in a Series E round led by Insight Partners. The company’s valuation is now $1.35 billion.

Plume’s platform helps curate services in people’s homes, like motion sensing, parental controls, and optimum Wi-Fi. The work from home boom has caused demand for Plume’s services to surge. The company currently provides services to about 22 million households—up from 20 million in December 2020. With its new funding, the company plans to grow its workforce, gain new customers, and invest in developing new products.

Truvian Raises $105 Million for Blood Testing

Truvian, a blood testing startup, raised $105 million in a Series C round. The company is building a blood analyzing tool, which it hopes to present to the FDA for clearance by the end of the year. The device can run 36 common tests like blood count, kidney function, and glucose levels.

Like other healthcare startups, Truvian has attracted investor interest during the pandemic. But some investors are wary of the blood testing sphere after the rise and fall of Theranos, a startup which defrauded investors and claimed it could run tests on a single drop of blood. However, many investors see Truvian as very different from Theranos because it is seeking regulatory approval at every stage of its development.

Sustainable Fertilizer Maker Secures $103 Million

Anuvia Plant Nutrients is a startup developing sustainable, bio-based fertilizers from materials like livestock waste and food waste. The company recently secured $103 million in a Series C round co-led by TPG ART and Pontifax AgTech.

Investor interest in agricultural technology has surged over the past five years. Since 2015, venture capitalists have put roughly $15.7 billion behind agricultural technology (or agtech) companies worldwide.

Anuvia plans to use its new funding to improve its Florida production facility and form new partnerships with farmers and companies around the world. Anuvia’s products are already used on some US farms. The company hopes to have its fertilizers used on 20 million acres of farmland by 2025.

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 Advisor
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.

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 SoFi SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing, and protecting give our more than one million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. For more information, visit Want an easy and convenient way to manage your financial life? Get the SoFi app. For iOS and Android.

TLS 1.2 Encrypted
Equal Housing Lender