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Marketplace platform Mirakl raises $555 million at $3.5 billion valuation

French startup Mirakl has closed a new Series E funding round of $555 million. Following this round, the company is now valued at $3.5 billion. Mirakl helps you launch a marketplace on your online store for your end customers or for your B2B clients. It’s a software-as-a-service marketplace, meaning that Mirakl manages the marketplace for you. Silver Lake is leading the investment with existing investors 83North, Elaia Partners, Felix Capital and Permira also participating. With today’s funding ...
Tags: Fundings & Exits, Startups, Ecommerce, Europe, Marketplace, Tech, E-commerce, SaaS, France Newsletter, Silver Lake, Permira, Mirakl, Kroger Co, Online Store, Elaia Partners Felix Capital

Just raises $8M in its effort to beat Root at the car insurance game

Just Insure , a pay-per-mile insurance technology company, has raised $8 million in a funding round.  CrossCut Ventures, ManchesterStory and Western Technology Investments co-led the investment, which brings its total raised to $15.3 million since its January 2019 inception. Los Angeles-based Just says it uses telematics “to reward safe drivers and reduce insurer bias” by looking at factors such as how, when and where customers drive, rather than factors such as ZIP code or marital status ...
Tags: Fundings & Exits, Startups, MetroMile, Transportation, Apps, Finance, Funding, Los Angeles, Startup, Tech, Georgia, Arizona, Venture Capital, Ohio, Crosscut Ventures, Just

Raspberry Pi gets $45M to meet demand for low-cost PCs and IoT

Turns out COVID-19 lockdowns have been good for the indoor hobby of hardware hacking: The U.K.-based foundation behind the low-price microprocessor Raspberry Pi announced close of a $45 million funding round yesterday. The cash injection into the trading arm of the (nonprofit) Raspberry Pi Foundation values it at $500 million (pre-money), founder Eben Upton confirmed. The funding round was led by London-based Lansdowne Partners and The Ezrah Charitable Trust, a private charitable foundation base...
Tags: Fundings & Exits, Gadgets, Internet Of Things, Europe, London, Hardware, Raspberry Pi, US, Tech, United Kingdom, Iot, Raspberry Pi Foundation, Eben Upton, Peter Davies, Upton, Lansdowne Partners

Really, this market isn’t good enough?

It’s the first day of Disrupt, so things are a bit busy here at TechCrunch. In honor of that fact, entries from The Exchange concerning NFT volume viz recent marketplace valuations and how an accelerating pace of change helps startups by exposing more market voids will have to wait. But we do have time this morning for a little incredulity, so let’s indulge. The Exchange explores startups, markets and money. Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday. ...
Tags: Amazon, Fundings & Exits, Startups, Tech, Paypal, United States, Square, Cnbc, Affirm, Deliveroo, Exchange, Klarna, NFT, Sebastian Siemiatkowski, Siemiatkowski, Peloton

EarthOptics helps farmers look deep into the soil for big data insights

Farming sustainably and efficiently has gone from a big tractor problem to a big data problem over the last few decades, and startup EarthOptics believes the next frontier of precision agriculture lies deep in the soil. Using high-tech imaging techniques, the company claims to map the physical and chemical composition of fields faster, better, and more cheaply than traditional techniques, and has raised $10M to scale its solution. “Most of the ways we monitor soil haven’t changed in 50 years,” E...
Tags: Food, Fundings & Exits, Startups, TC, Funding, Tech, Artificial Intelligence, Robotics, GreenTech, Bayer, Recent Funding, Lars Dyrud, Dyrud, S2G Ventures FHB Ventures Middleland Capital, VTC Ventures

Fivetran hauls in $565M on $5.6B valuation, acquires competitor HVR for $700M

Fivetran, the data connectivity startup, had a big day today. For starters it announced a $565 million investment on $5.6 billion valuation, but it didn’t stop there. It also announced its second acquisition this year, snagging HVR, a data integration competitor that had raised over $50M, for $700 million in cash and stock. The company last raised a $100 million Series C on a $1.2 billion valuation, increasing the valuation by over 5x. As with that Series C, Andreessen Horowitz was back leading ...
Tags: Fundings & Exits, Startups, Cloud, Enterprise, Tech, M&a, Mergers and Acquisitions, Andreessen Horowitz, Exit, Recent Funding, Fivetran, Data Pipelines, CEAS Investments Matrix Partners, ICONIQ Capital D1 Capital Partners, HVR, Teleport Data

Freshworks’ valuation could crest $10B in upcoming IPO

Earlier today, TechCrunch examined the new IPO price range for Toast. The U.S. software-and-fintech company moved its valuation materially higher in anticipation of pricing tomorrow after the bell and trading on Wednesday. It was not alone in doing so. Freshworks is also targeting a higher IPO price range, it disclosed today in a fresh SEC filing. The customer service-focused software firm now expects to charge between $32 and $34 per share in its debut, up from the $28 to $32 per-share range th...
Tags: Fundings & Exits, Startups, TC, Ipo, Tech, SEC, Tiger Global, Initial Public Offering, Toast, Renaissance Capital, FreshWorks, Freshworks IPO

Toast raises IPO price range, providing a Monday bump to fintech valuations

U.S. technology unicorn Toast filed a new S-1 document this morning detailing a higher IPO price range for its shares. The more expensive range indicates that Toast may be worth more in its debut than it initially expected, a bullish sign for technology companies more broadly. Toast’s rising valuation may provide a boon to two different sub-sectors of technology: software and fintech. The restaurant-focused Toast sells software on a recurring basis (SaaS) to restaurants while also providing fina...
Tags: Fundings & Exits, Startups, TC, Ipo, Boston, Tech, SaaS, Fintech, Toast

Which VCs are set to make a killing in GitLab’s IPO

Picking up where we left off Friday, let’s spend some more time in the GitLab IPO filing. It’s going to be an IPO week, mind; Toast and Freshworks are set to price Tuesday after the close of trading and begin to float on Wednesday. Expect final notes on the value of each and reports on how they trade when they do. The Exchange will also try to get on calls with the CEOs. But because it is Disrupt week, things are going to be a little chaotic. The Exchange explores startups, markets and money. ...
Tags: Fundings & Exits, Startups, TC, Microsoft, Tech, Venture Capital, Goldman Sachs, Github, Khosla, Khosla Ventures, Cto, Iconiq Capital, Exchange, Gitlab, The Exchange, EC Newsletter

Equity Monday: A global selloff to kick off Disrupt week

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here. I also tweet. A few things this morning: I shook up the show format a little, including how the script ca...
Tags: Apple, Amazon, Fundings & Exits, Startups, China, India, US, Tech, Debt, Markets, Stocks, Evergrande, Equity podcast, Equity Monday, OVHcloud, Cars24

Xata is a database service for serverless apps

Meet Xata, a startup with a new take on managed databases. The company runs your database for you and turns it into an API so that you can query and update it from your serverless app. Xata has raised a $5 million funding round. Its product is not yet ready for prime time but the company is sharing details. Xata seems particularly well suited for Jamstack websites. Jamstack has been a popular way of developing and deploying websites at scale. Popular Jamstack hosting platforms include Netlify, V...
Tags: Fundings & Exits, Startups, Developer, Tech, Database, Guillermo Rauch, Serverless, Netlify, Mathias Biilmann, Jamstack, Airtable, Christian Bach, Neha Narkhede, Shay Banon, Xata, Netlify Vercel

Inside GitLab’s IPO filing

While the technology and business world worked towards the weekend, developer operations (DevOps) firm GitLab filed to go public. Before we get into our time off, we need to pause, digest the company’s S-1 filing, and come to some early conclusions. GitLab competes with GitHub, which Microsoft purchased for $7.5 billion back in 2018. The company is notable for its long-held, remote-first stance, and for being more public with its metrics than most unicorns — for some time, GitLab had a November ...
Tags: Fundings & Exits, Startups, TC, Microsoft, Ipo, Tech, Software, SaaS, Computing, Github, Twilio, Crowdstrike, Enterprise Software, Software Engineering, Git, Datadog

A knock against bootstrapping

Natasha and Mary Ann and Alex were all aboard this week under the guidance of Chris and Grace, which meant we had the full team. And speaking of teams, Mary Ann is joining the Friday show on a weekly basis now. She’s been a friend for years, and a colleague now twice-over for Natasha and Alex and we could not be more excited. That personal news aside, here’s the rundown for today’s show! Funding rounds in the logistics and infra markets: We went physical-world with our funding round roundup ...
Tags: Apple, Fundings & Exits, Startups, Nigeria, Tech, Atlanta, Pakistan, Equity, Alex, Intuit, Chris, Business Insider, Toast, Natasha, Nord, Mary Ann

Mynd raises $57.3M at an $807M valuation to give people a way to invest in rental properties remotely

Mynd , a company that aims to make it easier for people to buy and manage single-family rental properties, announced today it has raised $57.3 million in funding from QED Investors. The financing values the Oakland, California-based company at $807 million, and brings the company’s total raised to $174.9 million since its 2016 inception. Invesco Real Estate led its previous round, a $40 million raise, and committed $5 billion to purchase and rent 20,000 single-family homes through Mynd over ...
Tags: Fundings & Exits, Startups, Real Estate, Finance, Funding, Tech, Venture Capital, QED Investors, Zendesk, Oakland California, Brien, Indianapolis Indiana, Reddy, Invesco Real Estate, Mynd, Doug Brien

Elodie Games obtains $32.5M round to make social co-op gaming better

During the darkest hours of the pandemic, millions upon millions of people turned to online gaming as a way to pass time in lockdown and connect with friends they couldn’t see in person. But a social, cooperative, fun and cross-platform gaming experience is remarkably hard to find — and Elodie Games is here to change that. Elodie’s co-founders, Christina Norman and David Banks, are gaming industry vets who both worked on global hit League of Legends at Riot Games. The pair — also partners — left...
Tags: Fundings & Exits, Startups, Gaming, Funding, Tech, Andreessen Horowitz, Norman, League Of Legends, Riot Games, David Banks, Elodie, A16z, Recent Funding, Brian Cho, Elodie Games, Galaxy Interactive

Self Financial raises $50M to help the subprime consumer build credit and savings at the same time

Self Financial, a fintech company that aims to help consumers build credit and savings at the same time, announced today it has raised $50 million in Series E funding. Altos Ventures led the financing, which also included participation from Meritech Capital and Conductive Ventures and brings the Austin-based startup’s total raised to $127 million since its 2015 inception. The company, as many fintechs these days, aims to make building credit and savings more accessible, regardle...
Tags: Fundings & Exits, Startups, TC, Apps, California, Finance, Funding, Tech, Austin, Venture Capital, Fintech, James, Lee, Garvey, Silverton Partners, Altos Ventures

Byju’s acquires coding platform Tynker for $200 million in US expansion push

Byju’s said on Thursday it has acquired California-headquartered Tynker, a leading coding platform for K-12 students, the latest in a series of major purchases as the Indian edtech giant attempts to aggressively expand to international markets. The companies didn’t disclose the terms of the deal, but a person familiar with the matter told TechCrunch that the Indian firm is spending about $200 million on the acquisition. Tynker, which counts BBC Learning, Google, Microsoft, Mattel and NASA among ...
Tags: Fundings & Exits, Asia, Education, California, India, US, Tech, Nasa, Bangalore, Times Internet, Tynker, Byju, Byju's, Krishna Vedati, Raveendran, Gradeup

Gogoro will go public on Nasdaq after $2.35B SPAC deal

Gogoro is going public. The company, which is best known for its electric Smartscooters and swappable battery infrastructure, announced today it will list on Nasdaq through a merger with Poema Global, a SPAC affiliated with Princeville Capital. The deal sets Gogoro’s enterprise valuation at $2.35 billion and is targeted to close in the first quarter of 2022. The combined company will be known as Gogoro Inc and trade under the symbol GGR. Assuming no redemptions, Gogoro anticipates making $550 mi...
Tags: Fundings & Exits, Startups, TC, Transportation, Asia, Indonesia, China, Southeast Asia, India, Tech, Taiwan, Scooters, Batteries, Mobility, New Delhi, Hangzhou

Tanso nabs $1.9M pre-seed to help industrial manufacturers do sustainability reporting

The climate crisis is creating massive demand for data capture as industries grapple with how to decarbonize. Put simply, you can’t cut your carbon emissions if don’t know what they are in the first place. This need to gather data is a big opportunity for startups — and a wave of early companies have already been founded to try to plug the sustainability data gap, through things like APIs to assess emissions for carbon offsetting (which in turn has led to other startups trying to tackle the data...
Tags: Fundings & Exits, Europe, UK, Tech, Sustainability, Eu, European Union, Artificial Intelligence, Munich, Greenhouse Gas Emissions, Environmentalism, Sustainability Reporting, GreenTech, Green Deal, Zurich, Tanso

Liveblocks is an API that lets you add real-time collaboration to your product

Meet Liveblocks, a startup that has been working on a set of APIs so that it’s easier to build a collaborative product. Essentially, it lets you create multiplayer experiences on the web or in your app. The company started with a live presence state API. If you integrate this API in your product, it means that you can show when somebody joins a page, a project or a document by displaying an avatar in a corner. You can also share the position of everyone’s cursor, text selection or content select...
Tags: Fundings & Exits, Startups, Europe, Developer, Tech, Api, Real-time, Realtime, Steven Fabre, Anthony DiMare, Guillaume Salles, Max Stoiber Moritz Plassnig Badrul Farooqi, Liveblocks

Skello raises $47.3 million for its employee scheduling tool

French startup Skello has raised a $47.3 million funding round (€40 million). The company has been working on a software-as-a-service tool that lets you manage the work schedule of your company. What makes it special is that Skello automatically takes into account local labor laws and collective agreements. Partech is leading today’s funding round. Existing investors XAnge and Aglaé Ventures are also participating. The startup had previously raised a €300,000 seed round and a €6 million Series A...
Tags: Fundings & Exits, Startups, Europe, Enterprise, Microsoft, Tech, France Newsletter, Scheduling, Partech, Aglaé Ventures, Skello, Quitterie Mathelin Moreaux

Forge’s SPAC deal is a bet on unicorn illiquidity

As Warby Parker, Freshworks, Amplitude and Toast look to list in the coming weeks, we shouldn’t forget the SPAC boom. This week, for example, Forge Global (Forge), a technology startup that operates a market for secondary transactions in private companies, announced that it would go public via a blank-check combination. And while we’re not unpacking every single SPAC combination that crosses our radar, the Forge deal is a good one to spend time parsing. The Exchange explores startups, markets a...
Tags: Fundings & Exits, Startups, Tech, Unicorn, Forge, SPAC, PitchBook, SharesPost, The Exchange, EC Newsletter

Kapor Capital, Square co-founder Sam Wen back TomoCredit in its $10M Series A funding round

Building credit history can be difficult if you are a consumer that is having trouble getting access to credit in the first place. Enter TomoCredit, which has developed a credit card focused on building credit history for first-time borrowers. The San Francisco-based startup is announcing today that it has raised $10 million in a Series A funding round co-led by Kapor Capital and KB Investment Inc. (KBIC), a subsidiary of South Korea’s leading consumer bank. Lewis & Clark Ventures, AME Clou...
Tags: Fundings & Exits, Startups, South Korea, Finance, Funding, San Francisco, Startup, Tech, United States, Venture Capital, American Express, Payments, Kim, Fintech, Mastercard, Kapor Capital

Chaldal, Bangladesh’s largest grocery delivery platform, raises $10M Series C

Founded in 2013, Bangladesh’s Chaldal was one of the first grocery delivery startups in the world to use the “dark” store model, picking up orders from its own warehouses instead of retail stores. Now the company says it is the country’s second-largest grocery player and the largest grocery e-commerce platform, with 27 warehouses located in four cities. Chaldal plans to expand into 15 new cities with a recently-closed $10 million Series C. The round was led by Taavet Hinrikus, co-founder of Wise...
Tags: Fundings & Exits, Startups, TC, Asia, Groceries, Tech, Unilever, Walmart, Bangladesh, On-demand, Grocery Delivery, Dhaka, Chaldal, Taavet Hinrikus, Sten Tamkivi, Alim

Swedish caller-identification service Truecaller seeks to raise over $100 million in IPO

Truecaller, which operates an eponymous caller-identification service, said on Wednesday it is looking to raise $116 million in an initial public offering on Nasdaq Stockholm. The 12-year-old Stockholm-headquartered firm, which counts India as its biggest market by users, is aiming for a valuation of about $3 billion in the IPO, according to earlier local media reports. The company it plans to do its listing by fourth quarter of this year. The firm, which has amassed 278 million monthly active...
Tags: Apple, Google, Fundings & Exits, Ipo, India, Tech, Stockholm, Truecaller, Sequoia Capital India, Alan Mamedi, Shailesh Lakhani, Sequoia Capital and Atomica

Folk helps you share contacts with your team

Folk is a new productivity tool started by European startup studio eFounders. And the startup just raised a $3.3 million seed funding round led by Accel with a big group of business angels. When you think about managing contacts and relationships in a professional environment, you might think that companies have solved this already. An entire category of products and companies have emerged around this idea with CRMs. Popular CRM platforms include Salesforce and HubSpot and I’m sure your sales te...
Tags: Google, Fundings & Exits, Startups, Europe, Salesforce, HubSpot, Accel, Folk, Thibaud Elzière, Front Aircall, Airtable Folk

Index leads $12.2M seed in Sourceful, a data play to make supply chains greener

Supply chains can be a complex logistical challenge. But they pose an even greater environmental challenge. And it’s that latter problem — global supply-chain sustainability — where UK startup Sourceful is fully focused, although it argues its approach can boost efficiency as well as shrink environmental impact. So it’s a win-win, per the pitch. Early investors look impressed: Sourceful is announcing a $12.2 million seed funding round today, led by Europe’s Index Ventures (partner, Danny Rimer, ...
Tags: Fundings & Exits, Asia, Europe, UK, China, Startup, Supply Chain, Supply Chain Management, Tech, Sustainability, E-commerce, ISO, Greenhouse Gas Emissions, Environmentalism, Logistics, Carbon Footprint

Intuit’s $12B Mailchimp acquisition is about expanding its small business focus

At first blush, the $12 billion Intuit-Mailchimp deal might not make a heck of a lot of sense. But people tend to pigeonhole companies, and in this case they might see Intuit as purely a financial software company and Mailchimp as an email marketing firm and nothing more. If that’s as far as your perspective goes, the deal is confusing. From a wider lens, however, there’s more to both companies than you might think. Let’s start with Intuit. If you go to the company website and scan the product s...
Tags: Fundings & Exits, Startups, TC, Small Businesses, Tech, M&a, Mergers and Acquisitions, Email Marketing, Intuit, Mailchimp, Exit, Credit Karma, Marketing Automation, Experian Equifax, TransUnion, Intuit Mailchimp

Atlanta’s sundry startups join in global VC funding boom

Mailchimp is selling itself to Intuit in a transaction valued at $12 billion. The deal is a coup not only for companies that eschew venture capital backing — Mailchimp is famous for its bootstrapping history — but also for the city of its founding, Atlanta. Mailchimp’s mega-exit comes in the same year that fellow Atlanta-based startup Calendly raised a massive $350 million round that valued the technology company north of $3 billion, per Crunchbase data. The two companies underscore how possible...
Tags: Fundings & Exits, Startups, San Francisco, Tech, Atlanta, Chicago, United States, Intuit, Mailchimp, Exchange, Greenlight, Boston New York City, Knoll, SalesLoft, Gimbel, Calendly

1047 Games raises $100M on the runaway success of its debut title, Splitgate

When you’re hot, you’re hot. And 1047 Games is making the most of the heat generated by Splitgate, its first game and a now a breakout success. After working on a shoestring for years, the team has since May raised three rounds, the latest for a massive $100M. Co-founder and CEO Ian Proulx credited a dedicated community and, as he described it, “taking a Silicon Valley approach to running a game business.” At the time 1047 Games was founded, about 5 years ago, free to play (f2p) PC games were a ...
Tags: Fundings & Exits, Startups, TC, Gaming, Games, Funding, Tech, Silicon Valley, Creed, Lightspeed Venture Partners, Rocket League, Draper University, Proulx, F2p, Free To Play, Fortnite

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