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Cannabis tech startup Dutchie raises $350M to double valuation to $3.75B in less than a year
Cannabis tech startup Dutchie raises $350M to double valuation to $3.75B in less than a year
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Cannabis tech startup Dutchie raises $350M to double valuation to $3.75B in less than a year

– Dutchie, a technology company that helps facilitate legal cannabis orders, raised $350m in Series D funding.
– The round was led by D1 Capital Partners, with participation from previous investors including Tiger Global, Dragoneer, DFJ Growth, Thrive Capital, Gron Ventures, and Casa Verde Capital, and new investors, including Willoughby Capital, Glynn Capital, and Park West Asset Management.
– It brings the company to a valuation of $3.75 billion.
– The company’s technology includes e-commerce, point of sale and seamless payment solutions and is used to power annual sales of more than $14 billion at 5,000 cannabis dispensaries across North America.

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Veterinary Emergency Group Announces Its Third Round of Funding With $100 Million in Financing Co-Led by D1 Capital Partners and Fidelity Management & Research Company LLC and Supported by Durable Capital Partners LP
Veterinary Emergency Group Announces Its Third Round of Funding With $100 Million in Financing Co-Led by D1 Capital Partners and Fidelity Management & Research Company LLC and Supported by Durable Capital Partners LP
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Veterinary Emergency Group Announces Its Third Round of Funding With $100 Million in Financing Co-Led by D1 Capital Partners and Fidelity Management & Research Company LLC and Supported by Durable Capital Partners LP

– VEG announced a $100m financing round co-led by D1 Capital Partners and Fidelity Management & Research Company, and supported by Durable Capital Partners.
– This third round of financing will bring total equity raised to an estimated $150m since inception and positions VEG to continue to invest in its people by providing the best support system and work culture within the veterinary field.

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Mexico’s Kavak drives away with $700M in new funding, doubling its valuation to $8.7B
Mexico’s Kavak drives away with $700M in new funding, doubling its valuation to $8.7B
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Mexico’s Kavak drives away with $700M in new funding, doubling its valuation to $8.7B

– Kavak, a Mexico City-based startup that operates a pre-owned car marketplace in Latin America, announced that it has raised a massive $700 million in a Series E round that more than doubles the company’s valuation to $8.7 billion.
– Cambridge, Massachusetts-based General Catalyst led Kavak’s Series E, which brings the company’s total raised to over $1.5 billion since its 2016 inception.
Tiger Global, Spruce House, D1, SEA, Founders Fund, Ribbit Capital, SoftBank and others also participated in the latest financing.

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Provi Raises $75M in Series C Funding
Provi Raises $75M in Series C Funding
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Provi Raises $75M in Series C Funding

– Provi is a Chicago IL-based online ordering platform for the for the beverage alcohol industry.
– Company raised $75M in Series C funding.
– The round was led by D1 Capital Partners with participation from Bessemer Venture Partners, Nosara Capital and CPMG and Instacart President Nilam Ganenthiran.
– The new investment will be used to expand throughout the market, hire and scale its platform.

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Sorare Raises $680M in Series B Funding; Valued at $4.3 Billion
Sorare Raises $680M in Series B Funding; Valued at $4.3 Billion
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Sorare Raises $680M in Series B Funding; Valued at $4.3 Billion

– Sorare is a Paris, France, NFT-based fantasy football platform.
– The company raised $680m in Series B funding.
– The round was led by Softbank with participation from Atomico, Bessemer Ventures, D1 Capital, Eurazeo, IVP, Liontree and existing investors Benchmark, Accel and Headline, as well as football players Gerard Piqué, Antoine Griezmann, Rio Ferdinand and César Azpilicueta.
– The new investment will be used to accelerate growth within football while also replicating its model in other sports, expand its team by hiring across key roles, and launch marketing campaigns with partners, athletes, and media companies.

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Fivetran to Acquire HVR; Announces $565 Million in Series D Funding
Fivetran to Acquire HVR; Announces $565 Million in Series D Funding
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Fivetran to Acquire HVR; Announces $565 Million in Series D Funding

– Fivetran, the leading provider of automated data integration, announced it has entered into a definitive agreement to acquire HVR, a leading provider of enterprise data replication technology.
– The acquisition will allow Fivetran to provide breakthrough database replication performance along with enterprise-grade security to address the massive market for modernizing analytics for operational data associated with ERP systems, Oracle databases, and more.
– Fivetran also announced it has raised a $565 million Series D round, consisting of new and existing investors. Andreessen Horowitz (a16z) led the round with participation from existing investors General Catalyst, CEAS Investments, Matrix Partners, and others, along with new investors ICONIQ Capital, D1 Capital Partners and YC Continuity. Fivetran has raised $730 million to date. The company is now valued at $5.6 billion.

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Corporate spend management startup Ramp snags $300M
Corporate spend management startup Ramp snags $300M
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Corporate spend management startup Ramp snags $300M

– Ramp announced that it closed a $300m series C funding tranche led by Founders Fund, with participation from Redpoint Ventures, Thrive Capital, D1 Capital Partners, Spark Capital, Coatue Management, Iconiq, Altimeter, Stripe, Lux Capital, A* Partners, and Definition Capital.
– Ramp provides virtual and physical cards that offer 1.5% cashback on purchases. Its management tools allows companies to control spend with multi-level rules, vendor spending limits, merchant blacklists, and approvals, as well as spending insights that combine expense reporting, accounting, and more.

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India’s Zetwerk valued at $1.33 billion in new funding
India’s Zetwerk valued at $1.33 billion in new funding
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India’s Zetwerk valued at $1.33 billion in new funding

– Zetwerk, a B2B marketplace for manufacturing items, raised $150m in Series E funding.
– The round was led by D1 Capital Partners and joined by new investors Avenir and IIFL, and existing investors Greenoaks Capital, Lightspeed Venture Partners, Sequoia Capital and Accel Partners.
– The company plans to deploy the fresh capital to broaden its technology stack and expand to more international markets.

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Ualà Raises $350M in Series D, Valued at 2.45 Billion
Ualà Raises $350M in Series D, Valued at 2.45 Billion
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Ualà Raises $350M in Series D, Valued at 2.45 Billion

– Ualá, a Buenos Aires, Argentine-based fintech company, raised $350M in Series D funding.
– The round was led by SoftBank Latin America Fund and Tencent with participation from funds managed by Soros Fund Management LLC, funds managed by Goldman Sachs Asset Management, LP, Ribbit Capital, Greyhound Capital, Monashees, Endeavor Catalyst, D1 Capital Partners, 166 2nd, along with angel investors such as Jacqueline Reses and Isaac Lee.
– The company, which reached a valuation of $USD2.45b, intends to use the funds to expand operations, with plans to have a team of 1,500 employees by the end 2021, and its business reach, developing new business verticals, providing innovation and technological development in Latin America.

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Bolt Raises $713M in Funding at $4.75 Billion Post-Money Valuation
Bolt Raises $713M in Funding at $4.75 Billion Post-Money Valuation
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Bolt Raises $713M in Funding at $4.75 Billion Post-Money Valuation

– Bolt, a Tallinn, Estonia-based ride-hailing company, raised $713m in funding.
– The funds were raised from a range of investors including Sequoia, Tekne, and Ghisallo, G Squared, D1 Capital, and Naya.
– The new investment will be used to boost its new grocery delivery service, Bolt Market, and accelerate its expansion of existing mobility and delivery products.

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ByHeart Raises $90M in Series B Financing
ByHeart Raises $90M in Series B Financing
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ByHeart Raises $90M in Series B Financing

– ByHeart is a NYC-based baby nutrition company.
– Company raised $90M in series B funding.
– The round was led by D1 Capital Partners with participation from OCV Partners, Polaris Partners, Bellco Capital, Two River and Red Sea Ventures – all of whom also invested in ByHeart’s Series A – as well as new investment from AF Ventures, and Gaingels.
– The new capital will be used to launch the company’s first formula, as well as to advance its innovation pipeline of mom and baby products.

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OM1 Raises $85M in Funding
OM1 Raises $85M in Funding
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OM1 Raises $85M in Funding

– OM1, a Boston MA-based health technology company, raised $85M in funding.
– The round was led by D1 Capital Partners, Kaiser Permanente, and Breyer Capital with participation from General Catalyst (GC), Polaris Partners, Scale Venture Partners, 7wire Ventures, and Glikvest.
– The new investment will be used to expand its real-world data cloud, clinical registries, and AI platform for real-world evidence and personalized medicine.

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Imperative Care Raises $260 Million to Advance Innovations that Elevate Stroke Care
Imperative Care Raises $260 Million to Advance Innovations that Elevate Stroke Care
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Imperative Care Raises $260 Million to Advance Innovations that Elevate Stroke Care

– Imperative Care, Inc. announced that it has closed a $260m Series D financing led by D1 Capital Partners.
– New investors HealthCor Investments LLC and Innovatus Capital Partners also joined the round. Existing Imperative Care investors Ally Bridge Group, Bain Capital Life Sciences, Ascension Ventures, Delos Capital, Rock Springs Capital, and Amed Ventures participated in the financing.
– James Rogers from D1 will join Imperative Care’s Board of Directors.
– Proceeds from the financing will be used to support ongoing commercialization and development of a wide range of Imperative Care’s technologies in the broad continuum of stroke care, as well as to create a strategic network of wholly owned development subsidiaries in a number of areas of synergy.

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MOBILion Systems Raises $60M in Series C Funding
MOBILion Systems Raises $60M in Series C Funding
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MOBILion Systems Raises $60M in Series C Funding

– MOBILion System from Chadds Fords develops high-resolution instrumentation for biomarker discovery.
– The company raised $60M in Series C funding.
– The round was led by D1 Capital Partners with participation from aMoon, Agilent Technologies, IP Group, Hostplus and Cultivation Capital.
– The new investment will be used to scale the commercialization of MOBIE® and advance product development for expansion into bioprocessing and multiomic biomarker discovery markets.

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Side Raises Over $50M+; Valued At $2.5 Billion
Side Raises Over $50M+; Valued At $2.5 Billion
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Side Raises Over $50M+; Valued At $2.5 Billion

– Side is a San Francisco, CA-based real estate technology company that partners agents, teams, and independent brokerages to transform them into boutique brands and businesses.
– The company raised $50m in additional funding.
– The round was led by Tiger Global Management, with participation from Iconiq Capital and D1 Capital Partners.
– The new funding will be used to accelerate Side’s growth for its technology brokerage platform, while setting the stage for a future IPO.

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Anduril Raises $450M in Series D; Valued at $4.6 Billion
Anduril Raises $450M in Series D; Valued at $4.6 Billion
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Anduril Raises $450M in Series D; Valued at $4.6 Billion

– Anduril Industries, an Irvine, Calif.-based defense technology company, raised $450m in Series D funding and a post-money valuation of $4.6b.
– The round was led by Elad Gil with participation from Andreessen Horowitz, 8VC, Founders Fund, General Catalyst, Lux Capital, Valor Equity Partners, and D1 Capital Partners.
– The new investment will be used to develop advanced technologies (AI, computer vision, sensor fusion, optics and automation) to solve some of the most important & complex national security challenges.

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Addepar Raises $150M in Series F Funding
Addepar Raises $150M in Series F Funding
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Addepar Raises $150M in Series F Funding

– Addepar is a technology platform for wealth management.
– The company raised $150m in Series F funding.
D1 Capital Partners made the investment at a pre-money valuation of $2b.
– The new investment will be used to further accelerate growth, accelerate expansion of the business and workforce into new geographies and driving continued development of its platform.

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Guild Education valued at $3.75 billion with newest round
Guild Education valued at $3.75 billion with newest round
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Guild Education valued at $3.75 billion with newest round

– Guild Education, a lifelong learning platform, raised $150m in Series E funding.
– The round was led by Bessemer Venture Partners, Cowboy Ventures, D1, Emerson Collective, General Catalyst, GSV, Harrison Metal, ICONIQ, Redpoint and Salesforce Ventures.
– The company plans to grow its coaching team, expand its learning marketplaces with more short-term certificate opportunities and double down on its outreach with historically Black colleges and universities.

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Heru Series A Funding Accelerates Cloud and Artificial Intelligence-Enabled Wearable Vision Diagnosis and Therapy
Heru Series A Funding Accelerates Cloud and Artificial Intelligence-Enabled Wearable Vision Diagnosis and Therapy
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Heru Series A Funding Accelerates Cloud and Artificial Intelligence-Enabled Wearable Vision Diagnosis and Therapy

– Heru Inc. closed its Series A financing of $30m to advance the company’s eye diagnostic and vision correction technology platform.
– The Series A funding round was led by global investment firm D1 Capital Partners with participation from SoftBank Ventures Opportunity Fund, Maurice R. Ferre, M.D., Frederic H. Moll, M.D., Krillion Ventures, and a consortium of investors with extensive experience developing, launching and scaling cutting-edge medical technologies.
– Originating as a spinout from Bascom Palmer Eye Institute, the Series A follows FDA registration and a $2.7m seed round announced in December 2020.
– An estimated 450m people worldwide experience visual field defects or double vision, but limited access can mean long waits for eye appointments.

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Daring Raises $40M in Series B Funding
Daring Raises $40M in Series B Funding
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Daring Raises $40M in Series B Funding

– Daring is a plant-based chicken maker based in Los Angeles.
– Company raised $40M in Series B funding.
– The round was led by D1 Capital Partners with participation from Drake and existing investors Maveron and Palm Tree Crew.
– The new investment will be used to triple the company’s internal team by the end of 2021 and scale its retail and foodservice growth.

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Groq Closes $300 Million Fundraise
Groq Closes $300 Million Fundraise
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Groq Closes $300 Million Fundraise

– Groq announced closing $300m in Series C fundraising.
– The round was led by Tiger Global Management and D1 Capital, with participation from The Spruce House Partnership, Addition, GCM Grosvenor, Xⁿ, Firebolt Ventures, General Global Capital, and Tru Arrow Partners.
– The round brings Groq’s total funding to $367m.
– By maintaining capital efficiency, this latest funding allows Groq to grow across industries while elevating the company’s efforts to hire top talent and accelerating its next-generation products in development.
– According to multiple published analyst reports, the total available market for AI semiconductors is projected to reach $65bn to $100bn by 2025.

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OneStream Software Announces $200 Million Investment at $6 Billion Valuation
OneStream Software Announces $200 Million Investment at $6 Billion Valuation
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OneStream Software Announces $200 Million Investment at $6 Billion Valuation

– OneStream Software announced that it has secured $200m in series B funding.
– The funding was led by D1 Capital Partners with participation from Tiger Global and Investment Group of Santa Barbara.
– The financing will be used to accelerate OneStream’s global expansion and innovation across its intelligent finance platform and solutions marketplace as the company capitalizes on record market demand.
– Despite the disruption caused by the global pandemic, OneStream achieved 86% growth in annual recurring revenue (ARR) in 2020, scaling its customer base by 40% to over 650 enterprises worldwide, 70% of which replaced legacy CPM applications such as Oracle Hyperion, SAP, IBM and point solutions such as Anaplan and Blackline.

6Sense, which uses AI to power account engagement, raises $125M
6Sense, which uses AI to power account engagement, raises $125M
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6Sense, which uses AI to power account engagement, raises $125M

– 6Sense has raised $125m in a series D funding round led by D1 Capital Partners, valuing the company at $2.1bn post-money.
– The investment will bolster its growth and product initiatives, particularly in the areas of machine next-best-action prediction, data insights, and AI-powered orchestration capabilities.
– Motivated by the idea that AI might have a role to play in helping seal the deal, five entrepreneurs — Amanda Kahlow, Dustin Chang, Premal Shah, Shane Moriah, and Viral Bajaria — cofounded 6Sense in 2013.
– Under the hood of 6Sense’s platform is a demand graph that captures signals and automatically connects them to sales prospects.
– 6Sense backers aren’t concerned, and they have some reason to be optimistic.

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HighRadius Raises $300M Series C at $3.1 Billion Valuation to Accelerate Growth in Order-to-Cash and Treasury Markets
HighRadius Raises $300M Series C at $3.1 Billion Valuation to Accelerate Growth in Order-to-Cash and Treasury Markets
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HighRadius Raises $300M Series C at $3.1 Billion Valuation to Accelerate Growth in Order-to-Cash and Treasury Markets

– HighRadius has raised $300m in a Series C round at a valuation of $3.1B.
– The investment was led by D1 Capital and Tiger Global with participation from existing investors ICONIQ Growth and Susquehanna Growth Equity.
– The round also included investments from tech industry leaders, Frank Slootman, Chairman and CEO of Snowflake; Michael Scarpelli, CFO of Snowflake; Tooey Courtemanche, CEO of Procore Technologies; and Howie Liu, Co-founder and CEO of Airtable.

Source
Real estate platform Loft raises $425M at a $2.2B valuation in one of Brazil’s largest venture rounds
Real estate platform Loft raises $425M at a $2.2B valuation in one of Brazil’s largest venture rounds
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Real estate platform Loft raises $425M at a $2.2B valuation in one of Brazil’s largest venture rounds

– Loft, a digital real estate platform, raised $425m funding.
– The round was led by D1 Capital Partners and joined by new and existing investors.
– It values Loft at $2.2 billion.
– The company plans to use the funding to expand its presence in Brazil.

Source
‘Instant needs’ delivery startup goPuff raises $1.15B at an $8.9B valuation
‘Instant needs’ delivery startup goPuff raises $1.15B at an $8.9B valuation
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‘Instant needs’ delivery startup goPuff raises $1.15B at an $8.9B valuation

– Delivery startup goPuff raised $1.15bn in funding.
– The round was led by D1 Capital Partners, Fidelity Management and Research Company, Baillie Gifford, Eldridge, Reinvent Capital, Luxor Capital and SoftBank Vision Fund 1.
– The company plans to use the funding to continue expanding throughout the United States, as well as internationally, and to introduce new products.

Source
Squarespace Raises $300M at $10 Billion Valuation
Squarespace Raises $300M at $10 Billion Valuation
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Squarespace Raises $300M at $10 Billion Valuation

– Squarespace, a NYC-based website building and ecommerce platform, raised approximately $300m in funding at an enterprise valuation of $10b.
– The round includes new investors Dragoneer, Tiger Global, D1 Capital Partners, Fidelity Management & Research Company, funds and accounts advised by T. Rowe Price Associates, Inc. and Spruce House with participation from existing investors Accel and General Atlantic.
– The company intends to use the funds to expand operations and its business reach.

Source
Inflammatix Secures $102 Million in Series D Financing Led by D1 Capital Partners to Commercialize Novel Host Response Diagnostics
Inflammatix Secures $102 Million in Series D Financing Led by D1 Capital Partners to Commercialize Novel Host Response Diagnostics
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Inflammatix Secures $102 Million in Series D Financing Led by D1 Capital Partners to Commercialize Novel Host Response Diagnostics

– Inflammatix, a pioneering molecular diagnostics company, announced today the closing of a $102m Series D round of financing to support development and commercialization of its novel immune response diagnostics portfolio.
D1 Capital Partners led the round, with participation from the company’s existing investors, including Northpond Ventures, Khosla Ventures, Think.Health, and OSF Healthcare Ventures.
– Sepsis caused more than five million deaths annually worldwide before the COVID-19 pandemic, and severe COVID-19 has been recognized as viral sepsis. In addition, antibiotic resistance is directly responsible for more than 700,000 deaths annually worldwide.

Source
Lineage Logistics Raises $1.9 Billion in New Equity to Fund Investment in Global Network Capacity and Industry-Leading Technology
Lineage Logistics Raises $1.9 Billion in New Equity to Fund Investment in Global Network Capacity and Industry-Leading Technology
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Lineage Logistics Raises $1.9 Billion in New Equity to Fund Investment in Global Network Capacity and Industry-Leading Technology

– Lineage Logistics, LLC (“Lineage” or the “Company”), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has raised $1.9 billion in equity from new and existing strategic partners.
– Participating investors include BentallGreenOak, D1 Capital Partners, Oxford Properties, CenterSquare Investment Management, MS Tactical Value and Conversant Capital, OP Trust, Cohen & Steers, among others.

Source
Instacart raises $265M at a $39B valuation
Instacart raises $265M at a $39B valuation
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Instacart raises $265M at a $39B valuation

– On-demand grocery delivery platform Instacart raised $265m funding.
– The round was led by existing investors, including Andreessen Horowitz, Sequoia Capital, D1 Capital Partners and others.
– It brings the company to a valuation of $39 billion.
– The company plans to grow headcount by 50% in 2021.

Source
Shippo raises $45M more at $495M valuation as e-commerce booms
Shippo raises $45M more at $495M valuation as e-commerce booms
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Shippo raises $45M more at $495M valuation as e-commerce booms

– Shippo, a software company that provides shipping-related services to e-commerce companies, raised $45m funding.
– The round was led by D1 Capital and joined by previous investors, including Accel, First Round Capital, and Y Combinator.
– The company plans to use the new capital to continue to grow its customer base.

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