Unicorn Nest news
PandaDoc, the e-document startup, now valued at $1B as it closes a big Series C
- PandaDoc, a cloud-based e-document platform, raised $100m in Series C funding. - The round was led by OMERS Growth Equity and G Squared, and joined by Altos Ventures, Rembrandt Venture Partners, One Peak Partners and M12. - PandaDoc competes with the likes of DocuSign, Eversign, DocSend, GetAccept and others. - The company has 30,000 customers across many different verticals. - PandaDoc's users are also pretty varied, including construction, education, medical and professional services businesses. - The company plans to double down on growing more of that current business as well as bring more functionality and use cases into the fold.
Unicorn Nest news
Self Financial Raises $50M in Series E Funding
– Self Financial from Austin, TX, enables consumers to build credit and savings.
– The company raised $50m in Series E funding.
– The round was led by Altos Ventures with participation from Meritech Capital and Conductive Ventures.
– The new investment will be aimed at further scaling the business to make building credit accessible for Americans.
Unicorn Nest news
South Korean online secondhand marketplace Danggeun Market raises $162M at a $2.7B valuation
– Danggeun Market, the publisher of South Korea’s hyperlocal community app Karrot, announced it has raised $162m in a Series D round of funding with a valuation of $2.7bn.
– This round of funding was led by DST Global, with additional participation from Aspex Management, Reverent Partners and existing investors such as Goodwater Capital, Altos Ventures, SoftBank Ventures Asia, Kakao Ventures, Strong Ventures and Capstone Partners.
– The company plan to strengthen its capabilities in local commerce with Danggeun Pay, or Karrot Pay, which is set to launch this year.
Unicorn Nest news
Kiddom Raises $35M in Series C Funding
– Kiddom is a San Francisco, CA-based education platform.
– The company raised $35M in Series C funding.
– The round was led by Altos Ventures, with participation from Owl Ventures, Khosla Ventures and Outcomes Collective.
– The new investment will be used to scale product development.
Unicorn Nest news
Japanese sneaker platform SODA raises $56.4M, acquires rival Monokabu
– SODA, Japan’s largest sneaker media and C2C marketplace, raised Series C funding, which currently totals $56.4 million.
– SoftBank Ventures Asia led this round.
– Other investors include South Korean sneaker reselling platform KREAM, Altos Ventures and JAFCO.
– SODA acquired rival Monokabu.
– SODA’s post-money valuation is now about 24 billion Japanese Yen, or about $218 million.
– Part of SODA’s Series C funding will be used to expand into other Asian markets, starting with Indonesia and the Philippines next year.
Unicorn Nest news
Global eLearning Innovator OpenSesame Receives $50 Million Strategic Growth Investment from JMI Equity and Existing Investors
– OpenSesame, a market-leading SaaS global elearning innovator, announced a $50 million investment led by JMI Equity, a growth equity firm focused on investing in leading software companies, with participation from existing investors FTV Capital and Altos Ventures.
– This growth investment will strengthen OpenSesame’s ability to accelerate its global expansion, extend its technology platform through product-led M&A, and continue adding value for its global customers.
– As a result of COVID-19 and the dawn of the work from home era, companies around the world were forced to rethink the way they train and develop their organizations.
Unicorn Nest news
Trainual Raises $27M Series B to Solve Onboarding and Training Pains of New Hybrid Workforce
– Trainual, a leading SaaS platform modernizing the way businesses onboard, train and scale their teams, announced that it closed a $27M Series B investment.
– Led by Altos Ventures, several new and noteworthy investors backed the latest round, including The Shark Group CEO Daymond John, Indeed Co-Founder and Chairman Rony Kahan, PandaDoc CEO Mikita Mikado, TSheets Co-Founder Matt Rissell and 8×8 CEO David Sipes.
– The round also featured continued support from Series A investors 4490 Ventures, MATH Venture Partners and PHX Ventures.
– This round follows Trainual’s $6.75 million Series A and brings the company’s total funding to $33.75 million.
Unicorn Nest news
Outdoorsy Raises $120M in Funding
– Outdoorsy, an Austin TX-based company focused on online RV rental and outdoor travel marketplace, raised $120M in equity and debt funding.
– The round was led by Moore Strategic Ventures, ADAR1 Partners, Monashee Capital, SiriusPoint (NYSE: SPNT), and Convivialite Ventures, Pernod Ricard, with participation from Altos Ventures, iAngels, and Greenspring Associates.
– Pacific Western Bank provided the $30m debt facility.
– The company intends to use the capital for customer growth in its marketplace, expansion of insurtech division Roamly, and advancement of new partnership with Collective Retreats.
Unicorn Nest news
Airspace Link raises $10M to make drones safer for both operators and communities
– Airspace Link, a drone management platform, raised $10m in Series A funding.
– The round was joined by Altos Ventures, Thales Group, and others.
– The company plans to use the additional funds to expand its domestic offering and expand overseas.