Unicorn Nest news
Canva Raises USD $200M in Funding; Valued at USD 40 Billion Valuation
– Canva – a global visual communications platform based in Sidney, Australia – raised USD $200m in a funding round which valued the company at USD $40b.
– The round was led by T. Rowe Price with participation from new and existing strategic investors Franklin Templeton, Sequoia Capital Global Equities, Bessemer Venture Partners, Greenoaks Capital, Dragoneer Investments, Blackbird, Felicis, and AirTree Ventures.
– The company intends to use the funds to accelerate growth, including expanding its team of more than 2,000 employees, which it is expected to double in the year ahead.
Unicorn Nest news
Papaya Global Raises $250 Million in Series D Funding at $3.7 Billion Valuation
– Papaya Global announced a $250m Series D funding round.
– The round was led by New York-based global private equity and venture capital firm Insight Partners and joined by Tiger Global, with participation from existing investors Greenoaks Capital, IVP, Scale Venture Partners, Bessemer Venture Partners, Alkeon Capital, Workday Ventures, Access Industries and Group 11.
– Funding will be used to continue Papaya’s rapid expansion and accelerate the recruitment of rapidly growing companies (pre/post IPO) and Fortune 5000 clients.
– Papaya, the global people management platform for the remote work era – which tripled its revenue in 2020 – provides a radically simple solution for managing and paying all types of global workers in full compliance, from onboarding to payments, in over 140 countries.
Unicorn Nest news
Brazilian fintech Cora raises $116M Series B as Tiger Global, Tencent sign on as investors alongside Greenoaks
– Brazilian digital lender Cora raised $116m in Series B funding.
– The round was led by Greenoaks Capital and joined by Tiger Global and Tencent.
– Existing backers Kaszek, QED and Ribbit Capital also participated.
– The company declined to comment on valuation.
Unicorn Nest news
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.
Unicorn Nest news
São Paulo’s QuintoAndar real estate platform raises $120M, now valued at $5.1B
– QuintoAndar, a Brazilian proptech, raised $120m in Series E funding.
– The round was led by Greenoaks Capital and Tencent, and joined by Ribbit Capital, and others.
– It brings QuintoAndar to a valuation of $5.1 billion.
– The company plans to enter the Mexican market as its first expansion outside of its home country.
Unicorn Nest news
Vercel Announces $102M in Series C Funding to Scale Team Globally and Accelerate Innovation and Adoption of Leading Frontend Development Platform
– Vercel, a platform to develop, preview and ship websites, from single static pages to apps with billions of dynamic pages, and creator of Next.js, the leading React and JavaScript framework for frontend web development, announced that it has secured $102M in Series C funding in a round led by Bedrock Capital with participation from existing investors Accel, CRV, Geodesic Capital, Greenoaks Capital and GV.
– New investors include 8VC, Flex Capital, GGV, Latacora, Salesforce Ventures and Tiger Global.
– The new funding, which brings the total raised to $163M, will be used to scale the Vercel team globally, accelerate research and development, drive platform innovation and accelerate adoption.
Unicorn Nest news
KeepTruckin Raises $190 Million in New Funding
– KeepTruckin has raised $190 million in new funding from G2 Venture Partners, Index Ventures, Greenoaks, IVP, Scale Venture Partners, funds managed by BlackRock, and several other leading investors.
– The round values KeepTruckin at over $2 billion.
– The new capital will support KeepTruckin’s strategic priorities by allowing it to continue building innovative AI-powered products, recruiting top-tier talent, and scaling rapidly to meet the needs of businesses that power the physical economy.
– KeepTruckin’s 400,000-strong network of connected vehicles is one of the largest in North America.
Unicorn Nest news
Apna raises $70 million to help workers in India secure jobs
– Apna, a startup by an Apple alum, announced its acceptance by the market has helped it raise $70m in a new financing round as the startup prepares to scale the 16-month-old app across India.
– Insight Partners and Tiger Global co-led Apna’s $70m Series B round, which valued the startup at $570m.
– Existing investors Lightspeed India, Sequoia Capital India, Greenoaks Capital and Rocketship VC also participated in the round.
Unicorn Nest news
FamPay, a fintech aimed at teens in India, raises $38 million
– Bangalore-based FamPay raised $38m in Series A funding.
– The round was led by Elevation Capital and joined by General Catalyst, Rocketship VC, Greenoaks Capital, Sequoia Capital India, Y Combinator, Global Founders Capital, and Venture Highway.
– The size of the new investment makes it one of the largest Series A rounds in India.
Unicorn Nest news
Agicap raises $100 million for its cashflow management service
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Vivid Money raises $73 million to build a European financial super app
– German startup Vivid Money has raised a new $73m Series B funding round.
– The round was led by Greenoaks and joined by existing investor Ribbit Capital.
– Following this funding round, Vivid Money has reached a valuation of $436m.
Unicorn Nest news
Scale AI Raises $325M in Series E Funding
– Scale AI from San Francisco, CA, provides a data platform for AI.
– Company raised $325m in Series E funding.
– The round was co-led by Dragoneer, Greenoaks Capital, and Tiger Global with participation from new investors Wellington Management and Durable Capital followed and existing investors Coatue, Index, Founders Fund, and YC.
– The new investment will be used to expand the team and products.
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Cross-border fintech Airwallex raises $100M Series D extension at new valuation of $2.6B
– Airwallex, a fintech company for cross-border businesses, announced that it has added $100m more to its Series D round, bumping its valuation up to $2.6bn.
– The extension was led by Greenoaks, with participation from Grok Ventures and returning investors Skip Capital and ANZi Ventures.
– The new funding will be used for Airwallex’s United States launch in the second quarter of this year, expand its payment coverage to new regions like the Middle East, Africa, Eastern Europe and Latin America, and add more products, including physical cards.
– This latest extension brings Airwallex’s Series D round to $300m, and total equity raised so far to $500m.
Unicorn Nest news
Airtable is now valued at $5.77B with a fresh $270 million in Series E funding
– Airtable, a no-code relational database, raised $270m funding.
– The round was led by Greenoaks Capital and joined by WndrCo, as well as existing investors Caffeinated Capital, CRV and Thrive.
– The company plans to use the funding to accelerate the development of its enterprise product and growing the team.
– The company was approached by Greenoaks, rather than actively seeking funding.
Unicorn Nest news
Apple alum’s jobs app for India’s workers raises $12.5 million
– Apna, a startup by an Apple alum that has become home to millions of low-skilled workers in India, said on Tuesday it has raised an additional $12.5 million.
– Sequoia Capital India and Greenoaks Capital led the $12.5 million investment in the startup. Existing investors Lightspeed India and Rocketship VC also participated in the round in what is an extended Series A.
– The startup, whose name is Hindi for “ours,” has now raised more than $20 million.
– More than 6 million low-skilled workers such as drivers, delivery personnel, electricians and beauticians have joined Apna to find jobs and upskill themselves.
Unicorn Nest news
Ally raises $50M as remote work drives demand for goal-setting collaboration software
– Ally, a goal-setting collaboration software, raised $50m funding.
– The round was led by Green Oaks Capital, Tiger Global, and Madrona Venture Group.
– Total funding to date is $76m since the company’s launch in 2018 and two previous rounds raised in 2019.
– The company helps companies track and hit their goals, or Objectives and Key Results (OKR).
– Customers include brands such as Dropbox, Nike, Overstock.com and others.
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Ally.io raises $50 million to help businesses adhere to OKR-based goals
– Ally.io, a platform that helps enterprises develop and track their objectives and key results (OKRs), has raised $50 million in a series C round of funding led by Greenoaks Capital.
– Founded in 2017, Seattle-based Ally.io targets management, teams, and individuals with software designed to give them visibility into the whole work process, joining the dots between tasks and broader company objectives.
– Ally.io had previously raised $23 million, and with another $50 million in the bank, the company is well-financed to build on momentum it said has boosted its revenues by more than threefold over the past year and allowed it to amass a roster of high-profile customers, including Dropbox, Nike, and Slack.
Unicorn Nest news
Zomentum raises $13 million to scale its sales acceleration platform for IT channel partners
– Zomentum, a U.S.-headquartered startup, raised $13m in Series A funding.
– The round was led by Elevation Capital and Accel, and joined by Greenoaks Capital and Eight Roads Ventures.
– The company aims to build a strong IT partner network that can serve as an effective sales channel to promote the hyperlocal IT market.