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Extra Crunch roundup: Security data lakes, China vs. Starlink, ExtraHop’s $900M exit

News broke this morning that Bain Capital Private Equity and Crosspoint Capital Partners are purchasing Seattle-based network security startup ExtraHop. Part of the Network Detection and Response (NDR) market, ExtraHop’s security solutions are for companies that manage assets in the cloud and on-site, “something that could be useful as more companies find themselves in that in-between state,” report Ron Miller and Alex Wilhelm. Just one year ago, ExtraHop was closing in on $100 million in ARR an...
Tags: Health, Startups, TC, Space, Spacex, Maryland, China, US, Tech, Earth, United States, Venture Capital, EC, Anna, Seattle, Alex


BuyerAssist launches with $2M in funding to help B2B sales team keep their buyers engaged

BuyerAssist founders Shyam HN, Amit Dugar and Shankar Ganapathy Selling enterprise software is much more complicated than convincing a potential customer that your solution is the best and signing a contract. A recent Gartner study found that buying groups for B2B solutions can involve up to six to 10 decision makers, and that the majority of buyers said their most recent purchase was “very complex or difficult” as they came to a consensus while negotiating with vendors. BuyerAssist, a new st...
Tags: Fundings & Exits, Startups, TC, India, San Francisco, SaaS, Gartner, ARR, Pune India, Ganapathy, B2B sales, SoftBank Vision Fund, Softbank Vision, Stellaris Venture Partners, Buyer Engagement, MindTickle


Tiger Global leads $30M investment into Briq, a fintech for the construction industry

Briq , which has developed a fintech platform used by the construction industry,  has raised $30 million dollars in a Series B funding round led by Tiger Global Management. The financing is among the largest Series B fundraises by a construction software startup, according to the company, and brings Briq’s total raised to $43 million since its January 2018 inception. Existing backers Eniac Ventures and Blackhorn Ventures also participated in the round. Briq CEO and co-founder Bassem ...
Tags: Fundings & Exits, Startups, California, Finance, Funding, Articles, Tech, Economy, SaaS, Venture Capital, Construction, North America, Fintech, Tiger Global Management, Executive, Plangrid


Gong going gangbusters, grabs $250M Series E on $7.25B valuation

Gong, the revenue intelligence startup, has been raising capital at a rapid pace, and today the company announced another $250 million on a $7.25 billion valuation, a number that triples its previous valuation from last summer. Franklin Templeton led today’s festivities with participation from Coatue, Salesforce Ventures, Sequoia, Thrive Capital and Tiger Global. The company raised $200 million last August at a $2.2 billion valuation, and has now raised $584 million, $450 million coming in the l...
Tags: Startups, TC, Enterprise, Funding, Israel, Sales, Atlanta, Artificial Intelligence, ARR, Franklin Templeton, Gong, Amit Bendov, Recent Funding, Ryan Azus, Bendov


LatAm-focused corporate spend startup Clara raises $30M months after its last round

This morning Clara announced that it closed a new, $30 million funding round and secured a $50 million revolving debt facility. The startup, which provides corporate cards to Mexican companies, raised funds earlier this year when it was busy launching its product. Since then, growth has proven rapid for the Mexico City-based company. TechCrunch learned that the company is valued around $130 million after this latest investment, according to sources familiar with its latest fundraising. The round...
Tags: Fundings & Exits, Startups, TC, Mexico, Tech, Mexico City, Brazil, Bill, General Catalyst, Clara, DST Global, ARR, RAMP, GTV, Monashees, Recent Funding


Forter raises $300M on a $3B valuation to combat e-commerce fraud

E-commerce is on the rise, but that also means the risk, and occurrence, of e-commerce fraud is, too. Now, Forter, one of the startups building a business to tackle that malicious activity, has closed $300 million in funding — a sign both of the size of the issue, and its success in tackling it to date. The new funding, a Series F, values Forter at $3 billion — notable not least because the funding is coming only about six months since Forter’s previous round, a $125 million Series E that valued...
Tags: TC, Ecommerce, New York, Enterprise, Funding, Tel Aviv, Tech, Risk, Fraud, Tiger Global, Instacart, Tiger Global Management, Priceline, Scale Venture Partners, ARR, Forter


More funding flows into Pipe, as buzzy fintech raises $250M at a $2B valuation

At the end of March, TechCrunch reported that buzzy startup Pipe — which aims to be the “Nasdaq for revenue” — had raised $150 million in a round of funding that values the fintech at $2 billion. Well, that deal has closed and in the end, Miami-based Pipe confirms that it has actually raised $250 million at a $2 billion valuation in a round that was “massively oversubscribed,” according to co-founder and co-CEO Harry Hurst. “We had originally allocated $150 million for the round, bu...
Tags: Fundings & Exits, Startups, Japan, Maryland, Okta, Finance, Funding, Startup, Tech, Economy, SaaS, Venture Capital, Miami, Alexis Ohanian, Pipe, Siemens


WalkMe is going public: Let’s stroll through its numbers

Hot off the heels of our look into Marqeta’s IPO filing and dives into SPACs for Bright Machines and Bird, we’re parsing the WalkMe IPO filing. Later this week, Squarespace will direct list and we’ll see IPOs from Oatly and Procore. It’s a super busy time for public debuts of all sorts. Given how hectic the IPO market is, we’re going to skip our usual throat clearing and dig into WalkMe’s IPO document. As always, we’ll start with a brief overview of its product and then move into discussing its ...
Tags: TC, Enterprise, Ipo, Israel, Tech, SaaS, Squarespace, Enterprise Software, Crunchbase, ARR, WalkMe, Marqeta, Oatly, EC Enterprise Applications, EC Newsletter, UiPath IPO


Extra Crunch roundup: Selling SaaS to developers, cracking YC after 13 tries, all about Expensify

Before Twilio had a market cap approaching $56 billion and more than 200,000 customers, the cloud-communications platform developed a secret sauce to fuel its growth: a developer-focused model that dispensed with traditional marketing rules. Software companies that sell directly to end users share a simple framework for managing growth that leverages discoverability, desirability and do-ability — the “aha!” moment where a consumer is able to incorporate a new product into their workflow. Data sh...
Tags: Google, Startups, TC, Facebook, Y Combinator, San Francisco, Tech, Barcelona, United States, Venture Capital, Bird, Private Equity, Silicon Valley, Travis Kalanick, Johannesburg, EC


Daily Crunch: As tech stocks lose their luster, SPACs are on the rise

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Welcome back to Daily Crunch. You look great today! From our perch, it’s fascinating to watch the exit market for startups wax and wane this year. And change it has. After kicking off with a blistering pace in early 2021 before succumbing to what felt like a sudden cold snap, it appears that the public markets are once again welcoming startups to their rosters. A...
Tags: Google, Amazon, TC, Youtube, Nigeria, Samsung, Tech, Uganda, Munich, Nba, Blockchain, Western Union, Wise, Lili, ARR, Catan


SaaS companies can grow to $20M+ ARR by selling exclusively to developers

Sam Richard Contributor Share on Twitter Sam Richard is senior director of growth at OpenView. With more than 200,000 customers, a market cap of nearly $56 billion, and the recent acquisition of Segment for $3.2 billion, Twilio is a SaaS behemoth. It’s hard to imagine companies like Twilio as anything but a giant. But everybody starts out small, and you can usually trace success back to key decisions made in the early days. ...
Tags: Column, Enterprise, Developer, Tech, SaaS, Cypress, Github, Twilio, ARR, Jeff Lawson, Developer Documentation, Snyk, Sam Richard, EC Enterprise Applications, EC Column, Developer Relations


From bootstrapped to a $2.1B valuation, ReCharge raises $227M for subscription management platform

ReCharge , a provider of subscription management software for e-commerce, announced today that it has raised $227 million in a Series B growth round at a $2.1 billion valuation.  Summit Partners, ICONIQ Growth and Bain Capital Ventures provided the capital. Notably, Santa Monica, California-based ReCharge was bootstrapped for several years before raising $50 million in a previously undisclosed Series A from Summit Partners in January of 2020. And, it’s currently cash flow positive, accordi...
Tags: Food, Fundings & Exits, Startups, TC, Cloud, Ecommerce, Europe, California, Funding, Startup, Tech, E-commerce, Software, SaaS, Venture Capital, Harry


HoneyBook raises $155M at $1B+ valuation to help SMBs, freelancers manage their businesses

HoneyBook, which has built out a client experience and financial management platform for service-based small businesses and freelancers, announced today that it has raised $155 million in a Series D round led by Durable Capital Partners LP. Tiger Global Management, Battery Ventures, Zeev Ventures, 01 Advisors as well as existing backers Norwest Venture Partners and Citi Ventures also participated in the financing, which brings the New York-based company’s valuation to over $1 billion. With th...
Tags: Fundings & Exits, Startups, Business, New York, Small Business, Entrepreneurship, Funding, Articles, Tel Aviv, Tech, Ceo, Economy, Canada, United States, SaaS, Venture Capital


Ivorian startup Afrikrea partners with DHL and Visa to launch SaaS e-commerce platform ANKA

In 2016, Ivorian e-commerce startup Afrikrea started as a marketplace for African-based and inspired clothing, accessories, arts, and crafts . Over the past five years, Afrikrea has served more than 7,000 sellers from 47 African countries and buyers from 170 countries . Per the company’s data, it records more than 500,000 visits monthly, with the majority of its customers from Europe and North America recording over $15 million in transactions . But while Afrikrea presents African merc...
Tags: Europe, Nigeria, Africa, America, Tech, Kenya, Euromonitor, North America, Gumroad, DHL, Caribbean, Visa, McKinsey Company, ARR, Jumia, Anka


Mighty Networks raises $50M to build a creator economy for the masses

Mighty Networks , a platform designed to give creators and brands a dedicated place to start and grow communities, has closed on $50 million in a Series B funding round led by Owl Ventures. Ziff Capital Partners and LionTree Partners also participated in the financing, along with existing backers Intel Capital, Marie Forleo, Gretchen Rubin, Dan Rosensweig, Reid Hoffman, BBG Ventures and Lucas Venture Group. The investment brings Palo Alto-based Mighty Networks’ total raised since its 2017 in...
Tags: Ios, Android, Ipad, Fundings & Exits, Startups, New York, Youtube, Funding, Startup, Tech, E-commerce, Author, Ning, Palo Alto, Software, SaaS


Clearbanc rebrands its way into a unicorn

After five years of providing non-dilutive financing for founders, Clearbanc is tired of being only a bank. So, it’s rebranding, and has just raised $100 million Series C at a $2 billion valuation off of its broader ambitions. The new valuation is five times larger than it was when Clearbanc closed a Series B in 2019. Clearbanc has renamed itself Clearco, a move that is more in line with the company’s long-term vision of providing data-driven solutions for founders, say co-founders Michele Roman...
Tags: TC, Finance, Tech, Fundraising, Bank, Fintech, Unicorn, ARR, Romanow, D'Souza, Clearbanc, Michele Romanow, Andrew D'Souza, Clearco


Squarespace files for a direct listing on the NYSE

Today Squarespace, a well-known software-and-hosting provider for SMB websites, released its S-1 filing. The company is pursuing a direct listing on the New York Stock Exchange, or NYSE. It will trade under the ticker symbol “SQSP.” The company’s financial results paint the picture of a rapidly-growing company that has a history of profitability. Squarespace also has listed financial results that are inclusive of some share conversions among other matters. Its pro forma results presume that “all...
Tags: Fundings & Exits, Startups, Ipo, Tech, New York Stock Exchange, General Atlantic, Squarespace, Accel, Index Ventures, Nyse, GAAP, ARR, Anthony Casalena, Tock


Zeotap Builds Momentum as Marketing Industry Shifts Away from Cookies

Reports 126% ARR Growth in 2020, Fills Key Executive Leadership Positions, Signs New Customers Zeotap, the Customer Intelligence Platform (CIP), has reported 126% ARR growth in 2020 among its latest milestones in growth. Building momentum from its $60.5 million Series C fundraising round last year, the company is capitalising on the marketing industry’s move to […] The post Zeotap Builds Momentum as Marketing Industry Shifts Away from Cookies appeared first on Ad Tech Daily.
Tags: Featured, Advertising, Marketing Strategy, Press Releases, Zeotap, Digital Marketing, ARR, Ad & Media Strategies, Digital Intelligence, Ad Products, People in Ad Tech, Customer Intelligence, Customer Intelligence Platform CIP, Universal Id


Meet The Trio Disrupting The New Age Edtech & Fintech Industry!

2020 was a unique year in itself ― a lot of technology-based start-ups saw a surge in business ― while those that did not take the leverage of technology saw a fall too. A major reason behind it was the pandemic that made people sit at home, eventually forcing them to go digital. This resulted in a spike in the fintech and edtech sector as a lot of people started trading and learning new skills/ tools.  Entrepreneurs who knew what the pandemic was bringing to the table didn’t fail to take adv...
Tags: Business, Leadership, Entrepreneurship, India, Startup, Delhi, Edtech, Fintech, Bangalore, Kolkata, Vivek, ARR, Vinay, Vineet, Dhandha, Fintech Industry


Living Security raises $14M for gamified cybersecurity training

Cybersecurity training is one of those things that everyone has to do but not something everyone necessarily looks forward to. Living Security is an Austin-based startup out to change cybersecurity training something you look forward to, not dread. And the company has just closed on a $14 million Series B to continue its expansion beyond cybersecurity awareness training into human risk management. Washington, D.C. based-Updata Partners led the financing, which also included participation fr...
Tags: Fundings & Exits, Startups, Washington, Funding, Tech, Austin, SaaS, Venture Capital, Walter, Rose, Drew, Silverton, ARR, AmerisourceBergen, Updata Partners, Ashley Rose


Living Security raises $14M for predictive human risk management

Cybersecurity training is one of those things that everyone has to do but not something everyone necessarily looks forward to. Living Security is an Austin-based startup out to change cybersecurity training something you look forward to, not dread. And the company has just closed on a $14 million Series B to continue its expansion beyond cybersecurity awareness training into human risk management. Washington, D.C. based-Updata Partners led the financing, which also included participation fr...
Tags: Fundings & Exits, Startups, Washington, Funding, Austin, SaaS, Venture Capital, Walter, Rose, Drew, Silverton, ARR, AmerisourceBergen, Updata Partners, Ashley Rose, Jon Seeber


Testing platform Tricentis acquires performance testing service Neotys

If you develop software for a large enterprise company, chances are you’ve heard of Tricentis. If you don’t develop software for a large enterprise company, chances are you haven’t. The software testing company with a focus on modern cloud and enterprise applications was founded in Austria in 2007 and grew from a small consulting firm to a major player in this field, with customers like Allianz, BMW, Starbucks, Deutsche Bank, Toyota and UBS. In 2017, the company raised a $165 million Series B ro...
Tags: Verizon, Europe, Enterprise, Developer, France, Tech, Austria, Computing, Ubs, M&a, BNP Paribas, Deutsche Bank, Silicon Valley, Toyota, Dell, Starbucks


UK’s Cazoo will list on the NYSE by way of a SPAC, valuing it at $7B and raising $1.6B

Cazoo, the UK used-car sales portal that has been on a major fundraising tear in the last year, will be next company to pursue more growth by way of a SPAC: the company today announced that it will list on the NYSE by way of a business combination with AJAX I, a special purpose acquisition vehicle founded by hedge fund supremo Dan Och in partnership with Glenn Fuhrman and others. The deal values Cazoo at $7 billion and will also include an extra $1.6 billion in new financing: $805 million cash f...
Tags: Amazon, TC, Europe, UK, France, Ipo, Tech, Ajax, Netflix, Zoopla, Alex, Nyse, Amazon Prime Video, Dan, SPAC, UK Germany


With an ARR topping $250 million, LA’s vertical SAAS superstar ServiceTitan is now worth $8.3 billion

Who knew building a vertical software as a service toolkit focused on home heating and cooling could be worth $8.3 billion? That’s how much Los Angeles-based ServiceTitan, a startup founded just eight years ago is worth now, thanks to some massive tailwinds around homebuilding and energy efficiency that are serving to boost the company’s bottom line and netting it an unprecedented valuation for a vertical software company, according to bankers. The company’s massive mint comes thanks to a new $5...
Tags: TC, California, Finance, US, Los Angeles, Tech, Atlanta, Investment, Software, United States, Greenhouse Gas Emissions, Energy Efficiency, Armenia, Tiger Global Management, Dragoneer Investment Group, Sequoia


Our favorite companies from Y Combinator’s W21 Demo Day: Part 2

We’ve reached the end of Y Combinator’s biggest Demo Day, which saw more than 300 companies pitching back-to-back over eight hours. Earlier, we highlighted some of the companies that caught our eye in the first half of the day . Now we’re back with our favorite companies from the second half. From a marketplace to help you resell formalwear to a startup that offers self-driving street cleaners, it’s quite the mix. Our favorite companies from Y Combinator’s W21 Demo Day: Part 1 ...
Tags: Startups, TC, Y Combinator, Tech, Latin America, Yc, Terra, ARR, TERRA Terra, EC Consumer Health, EC Cloud and Enterprise Infrastructure, EC Ecommerce and D2C, EC Consumer Applications, EC Marketing Tech, EC News and Analysis, Terra Heading


Our favorite companies from Y Combinator’s W21 Demo Day: Part 1

It’s that time again! Today is Demo Day for Y Combinator’s latest accelerator batch — its largest to date, with more than 300 teams getting a minute each to pitch their companies to an audience of investors. This is the third time YC has held its Demo Day via a Zoom livestream and the second time the entire program was entirely virtual. YC president Geoff Ralston outlined their thinking for this latest batch — and how/why they’ve expanded the program to over 300 companies — in a post this mornin...
Tags: Startups, TC, Y Combinator, Asia, Spotify, Navy, Southeast Asia, Nigeria, Tech, United States, Alex Wilhelm, BCG, ARR, Geoff Ralston, Blushh, EC Cloud and Enterprise Infrastructure


Docker nabs $23M Series B as new developer focus takes shape

It was easy to wonder what would become of Docker after it sold its enterprise business in 2019, but it regrouped last year as a cloud native container company focused on developers, and the new approach appears to be bearing fruit. Today, the company announced a $23 million Series B investment. Tribe Capital led the round with participation from existing investors Benchmark and Insight Partners. Docker has now raised a total of $58 million including the $35 million investment it landed the same...
Tags: Startups, TC, Open Source, Cloud, Enterprise, Developer, Funding, Tech, Docker, Containers, Tribe, Johnston, ARR, Sethi, Scott Johnston, Arjun Sethi


Docker nabs $23M Series B as as new developer focus takes shape

It was easy to wonder what would become of Docker after it sold its enterprise business in 2019, but it regrouped last year as a cloud native container company focused on developers, and the new approach appears to be bearing fruit. Today, the company announced a $23 million Series B investment. Tribe Capital led the round with participation from existing investors Benchmark and Insight Partners. Docker has now raised a total of $58 million including the $35 million investment it landed the same...
Tags: Startups, TC, Open Source, Cloud, Enterprise, Developer, Funding, Tech, Docker, Containers, Tribe, Johnston, ARR, Sethi, Scott Johnston, Arjun Sethi


Customer experience startup Sprinklr files confidential S-1 with SEC

Sprinklr, a New York-based customer experience company, announced today it has filed a confidential S-1 ahead of a possible IPO. “Sprinklr today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock,” the company said in a statement. It also indicated that it will determine the exact number of shares and the price range at a later point ...
Tags: Fundings & Exits, TC, Ecommerce, New York, Enterprise, Tech, Customer Experience, IPOs, SaaS, SEC, Securities And Exchange Commission, Crunchbase, Sprinklr, ARR, Ragy Thomas, IPO Sprinklr


Should there be some law against raising three times in one year? (techcrunch)

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Want it in your inbox every Saturday morning? Sign up here. Ready? Let’s talk money, startups and spicy IPO rumors. Every quarter we dig into the venture capital market’s global, national, and sector-based results to get a feel for what the temperature of the private market is at that point in time. Th...
Tags: News, Global, Konrad, Alex, Clara, Exchange, Alex Wilhelm, Thacker, ARR, Quelle, Exxon Shell, Midas Touch, Roblox, The Exchange, Rhapsody Venture Partners, Arist