– TurningPoint Healthcare Solutions, a Lake Mary, Fla.-based leader in advanced clinical and technology-enabled complex care management, received a growth funding of undisclosed amount.
– The round was led by Summit Partners, with participation from Oak HC/FT and existing investor Sopris Capital.
– The new investment will enable the company to expand into areas of healthcare, enhance its innovative technology and product offering, and expand its geographic presence.

– Odoo, a Belgium-based provider of open-source-based business software that ranges from inventory management and ERP to human resources and CRM software, marketing tools and more, some 30,000 in all, raised $215m funding.
– The round was led by Summit Partners.
– It brings Odoo to a valuation of over €2 billion.
– With 7 million users on its platform, Odoo is a prime example of the strong payoffs to be had from economies of scale in the most successful open-source projects, but it’s also doing so with a twist.

– Startup Visier announced that it has raised $25.5 million in new funding.
– Adams Street Partners led the new round. Foundation Capital and Summit Partners also participated.
– The startup goes out of its way to say on its website that its software can take in data from Workday’s human resources and finance software.
– Nevertheless, publicly traded Workday could represent competition for Visier, as could companies like SAP, where Visier cofounder and chief executive John Schwarz previously worked.
– Before that, Schwarz was chief executive of business-intelligence software company Business Objects, which SAP bought in 2007.

Formative, a web-based student response platform, has closed a $70 million minority investment led by growth investor Summit Partners. Existing investors Emerson Collective, Fika Ventures, Mac Ventures, and Rethink Education also participated. The company will use this capital to expand international reach, increase teacher and administrator support, and fuel product enhancement efforts. Tom Jennings, a Managing Director at Summit Partners, will join Formative’s Board of Directors.
Craig Jones, Co-Founder and CEO of Formative, transferred his experience as a classroom teacher into a SaaS platform that improves student outcomes and educator effectiveness by accelerating the student-teacher feedback loop. It provides actionable visualizations of student comprehension and achievements and allows teachers to give live assignments to students, enabling instant teaching adjustments and long-term student growth tracking.
Designed for physical, virtual or hybrid classrooms Formative continues to see more students on the platform during the pandemic. It’s COVID-19 Assistance Program provided free access to its full platform for approximately 5,000 schools and districts.

– Klaviyo, a leading customer data and marketing automation platform, today announced that it has raised a $320 million Series D round of funding.
– The round was led by new investor Sands Capital. Other new investors include Counterpoint Global (Morgan Stanley), Whale Rock Capital Management, ClearBridge Investments, Lone Pine Capital, Owl Rock Capital, Glynn Capital, and Keith Block (former co-CEO of Salesforce), with participation from existing investors Accel and Summit Partners.
– Following the company’s $200 million Series C financing in November 2020, this new financing valued the company at $9.15 billion on a pre-money basis and brings Klaviyo’s total funding to date to over $675 million.

– Lingoda announced it has raised $68m in growth equity led by global growth investor Summit Partners, with participation from existing investor Conny Boersch, founder of Mountain Partners, which first invested in Lingoda in 2015.
– The new funding will support Lingoda’s expansion in new markets; further enhance the company’s live classroom experiences, and accelerate the company’s already robust growth.
– Including this latest round of funding, Lingoda has raised more than $83m since 2013. Previous recent rounds were led by investor Grazia Equity, which has played a key role in the company’s growth journey to date.
– Lingoda is a leading online language school offering live small group and private classes available 24/7 in four languages – English, German, French and Spanish.

– Striim announced $50m Series C funding led by Goldman Sachs Growth Equity.
– Summit Partners, Atlantic Bridge Ventures, Dell Ventures and Bosch Ventures are also participating in the round.
– Striim is led by Founder & CEO, Ali Kutay.
– Striim provides an enterprise-grade streaming data integration solution for moving data in real-time to the cloud.
– Striim’s technology collects data from on-premises or cloud enterprise databases leveraging non-intrusive, change data capture technology.
– Striim boasts a strong customer base in the Financial Services, Retail, Healthcare, Logistics, Telecom and Manufacturing markets in addition to a strategic partnership network with leading cloud database providers including Google Cloud and Microsoft Azure.
– Striim is based in Palo Alto, CA.

– Austin-based company Jungle Scout raised $110m in equity funding.
– The round was led by Summit Partners, with Mercer himself also contributing.
– The company plans to use the funding to make an acquisition and to continue growing its business.
– It is not clear how much Jungle Scout has raised to date.

– Red Canary, a provider of SaaS-based security operations solutions, has closed its $81m Series C financing round led by global growth equity investor Summit Partners.
– Summit Partners was joined by existing investors Noro-Moseley Partners and Access Venture Partners.