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Ethnic E-Grocer Weee! Raises $315M in Series D Led by DST Global with Participation from Blackstone, Arena Holdings, and Tiger Global
Ethnic E-Grocer Weee! Raises $315M in Series D Led by DST Global with Participation from Blackstone, Arena Holdings, and Tiger Global
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Unicorn Nest news

Ethnic E-Grocer Weee! Raises $315M in Series D Led by DST Global with Participation from Blackstone, Arena Holdings, and Tiger Global

– Weee! Raises $315M in Series D Led by DST Global with Participation from Blackstone, Arena Holdings, and Tiger Global
– Weee! is the leading ethnic e-grocer in the US.
– Weee! serves 14 key regions coast-to-coast and aims to expand to 30 cities across North America by 2024.
– Weee! currently offers an assortment of over 10,000 products spanning ethnic ingredients essential to Asian and Hispanic cuisines.

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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.

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Salary Finance Secures $150 Million from Community Investment Management to Help Working Americans Move From Debt to Savings
Salary Finance Secures $150 Million from Community Investment Management to Help Working Americans Move From Debt to Savings
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Salary Finance Secures $150 Million from Community Investment Management to Help Working Americans Move From Debt to Savings

– Salary Finance announced a new round of funding today from Community Investment Management (CIM).
– The investment of $150 million over the next three years will be used to help fund low-cost loans for working Americans struggling with financial stress.
– Working with progressive employers who empathize with the financial stresses facing their employees, Salary Finance is committed to getting millions of Americans out of debt and into savings and helping those communities that so desperately need financial assistance.
– CIM is an institutional impact investment firm that provides strategic debt funding to demonstrate and scale responsible innovation in lending to underserved communities.
– Founded in 2014, the firm’s mission is to advance financial inclusion, promote economic development and drive widespread adoption of such responsible innovation by the financial mainstream.

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Together-Travel Startup, Launchtrip Raises $3.8M Seed Investment
Together-Travel Startup, Launchtrip Raises $3.8M Seed Investment
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Together-Travel Startup, Launchtrip Raises $3.8M Seed Investment

– Together-Travel Startup, Launchtrip Raises $3.8M Seed Investment
– The world’s first Together-Travel startup, Launchtrip announces today the close of its seed investment round totaling $3.8M USD, including funding raised by Axis Capital.
– Launchtrip plans to launch its new app in beta this Spring 2021.
– The emergent company has designed a platform that elevates the group travel experience, making the entire process of booking a trip seamless from end to end.
– Using its intelligent platform, groups can find accomodations, book restaurants and split costs all within one simple to use app.
– Launchtrip will offer over 200,000 hotels in seven launch cities around the United States to start and brought on Resy/American Express as its official restaurant booking partner.

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Income Insurance Startup Asteya Launches With $10 Million in Funding
Income Insurance Startup Asteya Launches With $10 Million in Funding
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Income Insurance Startup Asteya Launches With $10 Million in Funding

– Income insurance startup Asteya announces its launch and disclosed fundraising of $10 million.
– Investors include I2BF Ventures, Capital Factory, Cap Meridian Ventures, Northstar Ventures, Atrum, as well as angel investors Whitney Wolfe Herd and Geeta Sankappanavar.
– Asteya™ was founded by CEO Alex Williamson, the former Chief Brand Officer at Bumble and Hadi Radwan, Chief Product Officer.
– The company is working with A-rated carriers including Munich Re and certain underwriters at Lloyd’s.
– Asteya’s solution is purpose-built to help give people peace of mind through the unanticipated circumstances that have increasingly become facts of life.
– Asteya’s applications are completely online and users may get coverage within minutes rather than days and weeks.

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Novosteo Closes $5.5M in Series A Financing
Novosteo Closes $5.5M in Series A Financing
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Novosteo Closes $5.5M in Series A Financing

– Novosteo Closes $5.5m in Series A Financing.
– The company raised $5.5m in Series A financing.
– The round was led by Kairos Ventures, as well as BioCrossroads Ventures, Elevate Ventures and Purdue Research Foundation.
– Proceeds from the financing will be used to advance NOV004 into clinical development that will begin in the first half of 2021.

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Cyware Announces $30M Series B Funding Led by Advent International and Ten Eleven Ventures
Cyware Announces $30M Series B Funding Led by Advent International and Ten Eleven Ventures
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Cyware Announces $30M Series B Funding Led by Advent International and Ten Eleven Ventures

– Cyware announced a $30m Series B funding round led by Advent International and Ten Eleven Ventures.
– The round was also backed by Prelude Fund, Emerald Development Managers, Great Road Holdings and Zscaler.
– The new investment brings Cyware’s total funding raised to date to $43m.
– Cyware’s Virtual Cyber Fusion platform combines technical and strategic threat intelligence and next-generation security orchestration, automation and response (SOAR) to deliver the visibility security operations teams need to work collaboratively and better protect their organizations from advanced attacks.
– The company’s growing customer base includes several major Information Sharing and Analysis Centers (ISACs). Cyware’s platform empowers them to share threat intelligence between their members and enables cross-sector information sharing through automated, ISAC-to-ISAC level alert sharing.

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E-commerce marketing startup Yotpo raises $230M at a $1.4B valuation
E-commerce marketing startup Yotpo raises $230M at a $1.4B valuation
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E-commerce marketing startup Yotpo raises $230M at a $1.4B valuation

– Yotpo, a marketing platform for e-commerce brands, raised $230m in Series F funding.
– The round was led by Bessemer Venture Partners and Tiger Global, with participation from Claltech Investment, Coin Ventures, Hanaco, Vertex Ventures, Vintage Investment Partners and others.
– The company has now raised more than $400m in total funding.

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Robotics safety system developer Fort Robotics raises $13M to tackle workplace automation
Robotics safety system developer Fort Robotics raises $13M to tackle workplace automation
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Robotics safety system developer Fort Robotics raises $13M to tackle workplace automation

– Fort Robotics, a startup developing a safety and security platform for robots, today announced it has raised $13 million in a funding round led by Prime Movers Lab.
– With the new investment, Fort says it will more than double the size of its workforce and expand its product offerings in “key markets.”
– Worker shortages attributable to the pandemic have accelerated the adoption of automation. According to ABI Research, more than 4 million commercial robots will be installed in over 50,000 warehouses around the world by 2025, up from under 4,000 warehouses as of 2018. In China, Oxford Economics anticipates 12.5 million manufacturing jobs being automated, while in the U.S., McKinsey projects machines will take upwards of 30% of such jobs.
– Founded in 2018, Philadelphia, Pennsylvania-based Fort is CEO Samuel Reeves’ second startup.

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Vaccitech Raises $168M in Series B Financing
Vaccitech Raises $168M in Series B Financing
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Vaccitech Raises $168M in Series B Financing

– Vaccitech Ltd from Oxford develops a proprietary platform to treat and prevent infectious diseases and cancer.
– The company raised $168m in Series B funding.
– The round was led by M&G Investment Management and attracted new investor Tencent, Gilead Sciences, Monaco Constitutional Reserve Fund, and Future Planet Capital among others.
– The new investment will be used to develop the company’s pipeline of product candidates targeting infectious disease (including MERS coronavirus and Herpes Zoster) and cancer (including non-small cell lung cancer).

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PatSnap Secures $300M in Series E Funding
PatSnap Secures $300M in Series E Funding
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PatSnap Secures $300M in Series E Funding

– PatSnap from Singapore is a global leader in Innovation Intelligence.
– The company secured $300m in Series E funding.
– The round was led by SoftBank Vision Fund 2 and Tencent Investment with participation from CPE Industrial Fund and Vertex Growth, who are coming in as new investors whereas existing investors were Sequoia China, Shun Wei Capital, and Vertex Ventures Southeast Asia & India.

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Datagen Raises $18.5M in Funding
Datagen Raises $18.5M in Funding
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Datagen Raises $18.5M in Funding

– Datagen Raises $18.5m in Funding
– The round was led by Viola Ventures, with participation from existing investors including TLV Partners and Spider Capital, as well as Michael J. Black of the Max Planck Institute, Gal Cheshik, Director of AI at Nvidia, Anthony Goldbloom, CEO and founder of Kaggle, and Trevor Darrell, founder of UC Berkeley’s AI Research Lab.
– The company intends to use the funds to grow its R&D and expand into new markets.

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Portland-area marketing automation startup Act-On raises $20M
Portland-area marketing automation startup Act-On raises $20M
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Portland-area marketing automation startup Act-On raises $20M

– Growth marketing automation platform Act-On Software raised $20m in equity and debt.
– The company, based in the Portland, Ore. region, aims to help companies generate more revenue and higher customer lifetime value from their users.
– Act-On’s technology can help analyze target audience behaviors; create personalized campaigns; optimize website landing pages; and more.
– The company has a flurry of competitors including Adobe, Oracle, Salesforce, Mailchimp, and several smaller startups.
– Kate Johnson has been CEO since 2018; she was previously Act-On’s chief financial officer for more than three years.
– She also held leadership roles for six years at Portland’s Jive Software, which included helping take the company public.

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Edge Pathways Raises $8M to Launch World’s First For-Credit Engineering Pathway Program
Edge Pathways Raises $8M to Launch World’s First For-Credit Engineering Pathway Program
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Edge Pathways Raises $8M to Launch World’s First For-Credit Engineering Pathway Program

– Edge Pathways, the education technology company closing the STEM gap, launches today with $8M in seed funding.
– The company was founded to give first-year college students from diverse backgrounds an innovative pathway to pursue and complete competitive engineering degrees, at a time when only 50% of enrolled STEM students achieve their education goals.
– In collaboration with university partners, Edge Pathways offers a supportive, industry-aligned, and for-credit learning experience to drive better educational and career outcomes for students.
– Edge Pathways co-founders include Dan Sommer, David Berger, Jamie Farrell and Ahmed Haque – the founding executive team of Trilogy Education, which has helped over 50,000 students develop critical digital skills and enhance their employability.
– The company was acquired by 2U (Nasdaq: TWOU) in May 2019 for $750 million.

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Glooko Raises $30M Series D Financing
Glooko Raises $30M Series D Financing
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Glooko Raises $30M Series D Financing

– Glooko, a leading provider of remote patient monitoring and chronic care management solutions including diabetes and obesity, has raised a $30m Series D round of funding.
– The financing was led by Health Catalyst Capital along with participation from existing investors Canaan Partners, Georgian, Novo Nordisk, Insulet and Mayo Clinic.
– Proceeds will be used to accelerate organic growth and strategic initiatives across the company’s broad and growing product line of advanced digital health solutions.

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Equa Raises $2.3M in Funding
Equa Raises $2.3M in Funding
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Equa Raises $2.3M in Funding

– Equa Raises $2.3M in Funding
– The round was led by enterprise blockchain technology provider Horizen Labs.
– The company intends to use the funds to continue to expand operations and its business reach.

Source
Coalition Raises $175M in Funding
Coalition Raises $175M in Funding
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Coalition Raises $175M in Funding

– Coalition is a provider of cyber insurance and security.
– The company raised $175m in funding.
– The round was led by Index Ventures with participation from General Atlantic and existing investors.
– The new funding will be used to accelerate the company’s global expansion and development of new products.

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DepositLink Raises $3.5 Million Seed Round to Manage Growth and Expand its Payments Platform for Residential Real Estate
DepositLink Raises $3.5 Million Seed Round to Manage Growth and Expand its Payments Platform for Residential Real Estate
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DepositLink Raises $3.5 Million Seed Round to Manage Growth and Expand its Payments Platform for Residential Real Estate

– DepositLink announced a successful Series Seed financing round of $3.5m.
– The capital raise will bolster the company’s sales team, enhance technology, and boost infrastructure to accelerate marketplace adoption and the company’s development roadmap.
– DepositLink is a mobile responsive payments platform that is revolutionizing the way money moves in the residential real estate business.

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Dutchie Raises $200M; Valued at $1.7 Billion
Dutchie Raises $200M; Valued at $1.7 Billion
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Dutchie Raises $200M; Valued at $1.7 Billion

– Dutchie Raises $200m; Valued at $1.7b
– The round was led by Tiger Global with participation from new investors Dragoneer and DFJ Growth, and from existing investors including Casa Verde Capital, Thrive Capital, Gron Ventures, and former Starbucks Chairman and CEO Howard Schultz.
– The company intends to use the funds to add talent, expand into new markets, and launch major product developments to support cannabis dispensaries.
– Led by Ross Lipson, CEO and Co-founder, and Tim Barash, Executive Chairman, Dutchie is a cannabis technology platform focused on helping cannabis dispensaries throughout the United States and Canada streamline operations, grow and meet consumer demand.

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Riva Health Launches, Raises $15.5M for Breakthrough Mobile Cardiology Technology
Riva Health Launches, Raises $15.5M for Breakthrough Mobile Cardiology Technology
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Riva Health Launches, Raises $15.5M for Breakthrough Mobile Cardiology Technology

– Riva Health, a mobile cardiology app, today announced $15.5M in funding led by Menlo Ventures.
UCHealth and University of Colorado Innovation Fund also participated in the round, as well as leading Chicago healthcare investors, Brandon Cruz of GoHealth and Larry Gies of Madison Industries.
– This investment follows on the heels of a previous round led last year by Menlo Ventures, alongside True Ventures.
– Riva is led by CEO Dag Kittlaus, former co-founder of both Siri and Viv, and Tuhin Sinha, PhD and co-founder of one of the largest cardiovascular research studies in the world, Health eHeart.
– Dr. Rich Zane from UCHealth will join Greg Yap from Menlo Ventures on Riva’s board of directors.

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OmniSync Raises $1M in a 100% Oversubscribed Seed Round to Streamline the Federal Grants Ecosystem
OmniSync Raises $1M in a 100% Oversubscribed Seed Round to Streamline the Federal Grants Ecosystem
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OmniSync Raises $1M in a 100% Oversubscribed Seed Round to Streamline the Federal Grants Ecosystem

– OmniSync, a company that helps deep tech and life science companies raise debt-free and equity-free funds from the government, closed their oversubscribed seed round led by Govtech Fund – the first-ever venture fund dedicated to government technology startups.
– Ron Bouganim of Govtech Fund said: “OmniSync is taking a unique approach to modernizing and unifying Federal grants in a way that is not only democratizing access to these funds for non-traditional applicants like startups, but they’re also making the process much more efficient for the governments themselves to quickly access and acquire new technologies from sources that they may be completely unaware of.”

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Studio McGee Closes Minority Investment From Strand Equity
Studio McGee Closes Minority Investment From Strand Equity
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Studio McGee Closes Minority Investment From Strand Equity

Strand Equity (“Strand”), a leading growth equity firm investing in the next generation of iconic consumer brands, is joining forces with Studio McGee, one of the premier innovators in the interior design industry.
– With modest beginnings as a Salt Lake City-based interior design firm, Studio McGee has quickly amassed a national cult following with designs that inspire and motivate its customers to live well.
– This vision has since manifested into the brand’s own eCommerce website, McGee & Co., a social media presence of over 3.8-million followers, a licensing partnership with Target, a New York Times best-selling book and Netflix original series, to go along with its legacy design services platform.

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Appfire Receives $100M Strategic Investment From TA Associates
Appfire Receives $100M Strategic Investment From TA Associates
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Appfire Receives $100M Strategic Investment From TA Associates

– Appfire, a Boston, MA-based provider of apps that help teams solve modern challenges with digital solutions, received a $100m strategic investment from TA Associates.
– TA’s investment in Appfire follows a $49m strategic investment from Silversmith Capital Partners in May 2020.
– The company intends to continue its leadership within this ecosystem with more than 85 purpose-built products on the Atlassian Marketplace and over 110,000 active installations worldwide.

Source
Bigfoot Biomedical® Secures up to $57 Million in Combined Debt and Equity Financing from Madryn Asset Management
Bigfoot Biomedical® Secures up to $57 Million in Combined Debt and Equity Financing from Madryn Asset Management
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Bigfoot Biomedical® Secures up to $57 Million in Combined Debt and Equity Financing from Madryn Asset Management

– Bigfoot Biomedical announced a $57m Series C financing round.
– The round was led by Madryn Asset Management LP, an alternative asset management firm focused on investments in innovative health care companies.
– The proceeds of the investment will be used by Bigfoot to support commercialization of its innovative Bigfoot Unity™ Diabetes Management Program.
– The Bigfoot Unity Program will leverage first-of-its-kind technologies to simplify and connect key aspects of insulin management to enable personalized, proactive and remote patient care.
– Currently, Bigfoot Biomedical is anticipating FDA clearance of its Bigfoot Unity System, a centerpiece of the Bigfoot Unity Program featuring smart pen caps that provide insulin dose decision support and enable patients to follow their doctor’s instructions in a convenient, simple way.

Source
Cohere raises $3.1 million for its remote control solution for web apps
Cohere raises $3.1 million for its remote control solution for web apps
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Cohere raises $3.1 million for its remote control solution for web apps

– Cohere, a remote desktop and screen-sharing startup, raised $3.1m in seed funding.
– The round was led by Y Combinator and joined by other investors.
– The company plans to use the funding to expand its team and product.

Source
Mediar Therapeutics Adds New Investors As It Advances Anti-Fibrotic Treatments
Mediar Therapeutics Adds New Investors As It Advances Anti-Fibrotic Treatments
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Mediar Therapeutics Adds New Investors As It Advances Anti-Fibrotic Treatments

– Mediar Therapeutics announced the completion of a seed extension funding round and welcomed Pfizer Ventures and Ono Venture Investment (OVI) as new syndicate members.
– The company is uniquely focused on the myofibroblast, a cell that is a key driver in fibrosis pathology.
Mass General Brigham Ventures led an initial seed round in 2019 alongside other early venture investors.
– With Pfizer and OVI’s participation in the syndicate, the company has now raised $20m in total.
– The funding will support development of the firm’s unique myofibroblast discovery platform and will advance the company’s development of antibody treatments against a suite of novel targets.

Source
Republic Announces $36M Series A to Democratize Access to Investing for Everyone
Republic Announces $36M Series A to Democratize Access to Investing for Everyone
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Republic Announces $36M Series A to Democratize Access to Investing for Everyone

– Republic, a leading investment platform, announced today it has completed the initial closing of its $36M Series A fundraising.
– The round was led by Galaxy Interactive with participation by Tribe Capital, Motley Fool Ventures, and Broadhaven Ventures.
– In addition, Prosus Ventures (formerly Naspers Ventures) made a strategic investment in Republic through a purchase of Republic Notes, a novel digital security.
– Founded in 2016, Republic and its subsidiaries have raised more than $70 million to fund their ventures.
– Republic was founded on the principle that sought-after investment opportunities should not be limited to small, closed networks of investors, and that people should be able to invest in the future they believe in.
– On the Republic platform, anyone can invest across startups, real estate, crypto, gaming, and small businesses.

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Viz.ai Raises $71 Million Series C Round Led by Scale Venture Partners and Insight Partners
Viz.ai Raises $71 Million Series C Round Led by Scale Venture Partners and Insight Partners
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Viz.ai Raises $71 Million Series C Round Led by Scale Venture Partners and Insight Partners

– Viz.ai today announced that it has raised $71 million in Series C funding, led by Scale Venture Partners and Insight Partners with participation from Greenoaks, Kleiner Perkins, Threshold Ventures, CRV, Innovation Endeavors and Susa Ventures.
– Viz.ai aims to accelerate expansion of its Intelligent Care Coordination A.I. platform beyond stroke to other areas of acute care such as cardiology, pulmonary and trauma, and into new global markets.
– This round brings the company’s total funding to over $150 million since inception.

Source
Stokr Raises Over €3.9M in Pre-Series A Funding
Stokr Raises Over €3.9M in Pre-Series A Funding
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Stokr Raises Over €3.9M in Pre-Series A Funding

– Stokr, a digital marketplace for alternative assets, raised over €3.9m in total pre-series A funding.
– Backers included Borderless Capital, Utopia Genesis Foundation, and G1 Ventures.
– The company plans to scale up its investment platform.

Source
Oso announces $8.2M Series A to simplify authorization for developers
Oso announces $8.2M Series A to simplify authorization for developers
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Oso announces $8.2M Series A to simplify authorization for developers

– Oso, an early stage startup, has created an open source library for developers to make it easier to build authorization in their applications.
– The company announced an $8.2m Series A led by Sequoia with participation from SV Angel, Company Ventures, Highland Capital and numerous angel investors.
– When combined with a $2.7m seed round from 2019, it brings the total raised to $10.9m.

Source
Epidemic Sound Raises $450M Funding at $1.4 Billion Valuation
Epidemic Sound Raises $450M Funding at $1.4 Billion Valuation
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Epidemic Sound Raises $450M Funding at $1.4 Billion Valuation

– Epidemic Sound is a Stockholm, Sweden-based platform for restriction-free music.
– The company raised $450m in funding at a $1.4b valuation.
– Backers included funds managed by Blackstone Growth and EQT Growth.
– The new investment will be used to expand the company’s business reach internationally to reach new creators in both existing territories like North America whilst also localizing its digital offering and to invest in the core user experience it offers.

Source
Fridge No More Closes $15.4 Million Series A
Fridge No More Closes $15.4 Million Series A
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Fridge No More Closes $15.4 Million Series A

– Fridge No More closes $15.4m Series A funding round to expand operations across New York City and the East Coast.
– The investment round is led by New York based leading venture capital and private equity firm, Insight Partners. Existing investors including Altair Capital (amongst others) have participated in the round as well.
– Fridge No More is a 15-minute grocery delivery service currently offered on iOS and Android. With free instant delivery, no minimum order and supermarket prices, large weekly grocery hauls become a relic of the past; that’s why the brand is called Fridge No More!
– The company has also created a proprietary, data-rich platform for inventory and order management that is iteratively optimized based on store-specific customer demand.

Source
Happify Health Raises $73M to Advance and Expand Digital Health Platform
Happify Health Raises $73M to Advance and Expand Digital Health Platform
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Happify Health Raises $73M to Advance and Expand Digital Health Platform

– Happify Health announced a $73m capital raise through Series D and related financing to advance and expand the company’s healthcare platform, focused on digital therapeutics and patient care delivery.
– The investments were led by Deerfield Management Company and included participation from Omega Capital Partners, ION Crossover Partners, and existing investors.
– The capital raised will support growth in key strategic areas across the entire platform, including expanding the Digital Therapeutics and Care Delivery solutions and pursuing global business development opportunities.
– The new funding will allow for an acceleration of the platform by helping further drive relationships with pharmaceutical companies through configurable digital therapeutics solutions and specialized solutions for enterprise and health plan customers.

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AtWork Systems Secures New Financing
AtWork Systems Secures New Financing
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AtWork Systems Secures New Financing

– AtWork Systems, a computer software company based in Herndon, Virginia, secured a new financing.
– The Center for Innovative Technology (CIT) today announced that CIT GAP Funds has invested in AtWork Systems.
– The company will use this investment to support growth and continued technology enhancements.

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Stripe Raises $600M; Valued at $95 Billion
Stripe Raises $600M; Valued at $95 Billion
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Stripe Raises $600M; Valued at $95 Billion

– Stripe is a San Francisco, CA-based provider of a payments infrastructure for the internet.
– The company raised $600m in Series E funding.
– The round was led by Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital and Ireland’s National Treasury Management Agency (NTMA).
– The new investment will be used to invest in its European operations, its Dublin headquarters in particular, and expand its Global Payments and Treasury Network.

Source
Unite Us Raises $150M in Series C Funding
Unite Us Raises $150M in Series C Funding
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Unite Us Raises $150M in Series C Funding

– Unite Us Raises $150M in Series C Funding.
– The round was led by Iconiq Growth with participation Emerson Collective, Optum Ventures and Transformation Capital, as well as existing investors Define Ventures, Salesforce Ventures and Town Hall Ventures, and several healthcare partners.
– The company intends to use the funds to invest in Unite Us Payments, and further fund its interoperability framework.

Source
Vulcan Cyber launches free vulnerability management service with $21M in new funding
Vulcan Cyber launches free vulnerability management service with $21M in new funding
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Vulcan Cyber launches free vulnerability management service with $21M in new funding

– Vulcan Cyber, a startup developing tools to help enterprise customers detect and fix software vulnerabilities, today announced that it raised $21m in a series B round led by Dawn Capital.
– The funds will be used to support the rollout of new exploit remediation solutions for cloud and app security teams and to deliver Vulcan Free, a no-cost, risk-based vulnerability management platform for cyber risk prioritization.
– More than a third of web app vulnerabilities are considered high risk, according to a report from Edgescan, and organizations with 101 to 1,000 employees see the most high-risk and critical-risk vulnerabilities.
– These can be expensive if left unaddressed. In recent years, the average cost of a security breach has generally hovered between $3.5m and $4m.

Source
Writing helper Copy.ai raises $2.9M in a round led by Craft Ventures
Writing helper Copy.ai raises $2.9M in a round led by Craft Ventures
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Writing helper Copy.ai raises $2.9M in a round led by Craft Ventures

– Copy.ai, a startup building AI-powered copywriting tools for business customers, announced a $2.9m funding.
– The investment was led by Craft Ventures and joined by smaller checks from Li Jin’s newly-formed Atelier Ventures, and Sequoia.
– The startup is notable for a few reasons. First for its model of building in public. I initially heard of the company through its monthly updates that it posts on Twitter. Thanks to that, I can tell you that Copy.ai generated monthly recurring revenue (MRR) of $53,600. That figure, up 46% from January, works out to annual recurring revenue (ARR) of $643,200.

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Pixxel To Launch the World’s Highest Resolution Hyperspectral Smallsat Constellation
Pixxel To Launch the World’s Highest Resolution Hyperspectral Smallsat Constellation
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Pixxel To Launch the World’s Highest Resolution Hyperspectral Smallsat Constellation

– Pixxel closed a $7.3M seed round with new capital from Omnivore VC, Techstars, and others, who are joining alongside Lightspeed Ventures, Blume, growX, Ryan Johnson, former President at Planet Labs, and additional industry leaders.
– The company’s first hyperspectral satellite will launch within the next few months.
– Compared to the common multispectral satellites prevalent today, Pixxel’s hyperspectral earth-imaging satellites are able to beam down 50x more information by capturing light reflected in far more detail and using narrower bands beyond just red, green and blue.
– This technology allows Pixxel to capture exact chemical signatures and offers more accurate solutions to previously unsolvable issues in industries such as agriculture, energy and environmental conservation.

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California Cannabis Company MWG Holdings Group, Inc. Closes $10.8 Million Series B Preferred Private Placement
California Cannabis Company MWG Holdings Group, Inc. Closes $10.8 Million Series B Preferred Private Placement
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California Cannabis Company MWG Holdings Group, Inc. Closes $10.8 Million Series B Preferred Private Placement

– MWG Holdings Group, Inc. (“MWG” or “Company”), an executive management and holding company, announced the closing of its Series B Preferred Private Placement (“Private Placement”) for aggregate gross proceeds of USD$10.8 million.
– Proceeds from this Private Placement will be invested towards further strengthening the Company’s cannabis retail expansion and vertical integration, including the execution and integration of strategic acquisitions and new license applications, as well as increasing cultivation capacity in support of its retail stores.
– MWG’s wholly-owned subsidiaries currently operate 15 cannabis retail operations in California and New Mexico, including its award-winning Perfect Union-branded stores, with definitive and immediate plans to open or acquire multiple new California storefronts in the first half of 2021.

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OctoML Secures $28M to Accelerate ML Model Deployment
OctoML Secures $28M to Accelerate ML Model Deployment
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OctoML Secures $28M to Accelerate ML Model Deployment

– OctoML today announced it has raised a $28 million Series B funding round, bringing the company’s total amount raised to $47 million.
Addition led the round with participation from existing investors Madrona Venture Group and Amplify Partners.
– Built on Apache TVM, the ML open-source stack that powers the “Alexa” wake word and Qualcomm’s machine learning software, OctoML is an ML acceleration platform that automatically maximizes model performance while enabling continuous deployment.
– The company’s flagship product, Octomizer, enables engineering teams to deploy models in hours — not months — on any hardware, cloud provider, or edge device.
– OctoML aims to make machine learning fast, useful, and accessible to any organization, large and small.

Source
SUB2r raises $3.5M from Riva Technology and Entertainment
SUB2r raises $3.5M from Riva Technology and Entertainment
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Unicorn Nest news

SUB2r raises $3.5M from Riva Technology and Entertainment

– SUB2r raised $3.5m as part of Series A investment from global investor Riva Technology and Entertainment Limited.
– This investment will allow SUB2r to launch its next generation live streaming video camera based on advanced 48MP native 8K camera chip.
– The Esports fan experience begins with the camera. The visual connection between audience and player is a crucial aspect for both Esports and live content experiences.
– SUB2r delivers that visual connection with the highest broadcast quality possible.
– SUB2r combines the most advanced digital imaging technologies and optics with powerful data streaming engines to deliver an affordable, professional broadcast quality streaming camera with highly customizable proprietary software and on-camera tools normally found in post-production editing.

Source
PayFit raises $107 million for its payroll and HR platform
PayFit raises $107 million for its payroll and HR platform
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Unicorn Nest news

PayFit raises $107 million for its payroll and HR platform

– French startup PayFit has raised a $107m series D funding round.
– The round was led by Eurazeo Growth and Bpifrance’s Large Venture fund.
– Existing investors Accel, Frst and Xavier Niel are participating once again.
– PayFit has been building a payroll and HR software-as-a-service platform.
– It lets you manage your payroll from a web browser and automate as many steps as possible.
– For instance, you can configure to automate payslip generation, export your payroll data to your accounting software and get a list of payments you need to make when it comes to pensions, health insurance, etc.
– Given that it’s a software-as-a-service platform, everything remains up to date.

Source
Insitro Raises $400M in Series C
Insitro Raises $400M in Series C
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Unicorn Nest news

Insitro Raises $400M in Series C

– Insitro, a machine learning-driven drug discovery and development company, has raised $400m in a Series C financing.
– The financing was led by Canada Pension Plan Investment Board (CPP Investments), with significant participation from current investors Andreessen Horowitz, funds and accounts advised by T. Rowe Price Associates, Inc., Casdin Capital, and funds and accounts managed by BlackRock as well as ARCH Venture Partners, Foresite Capital, GV, Third Rock Ventures, Two Sigma Ventures, HOF Capital and Alexandria Venture Investments.

Source
Future Planet Invests in Vaccitech’s Series B Financing
Future Planet Invests in Vaccitech’s Series B Financing
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Unicorn Nest news

Future Planet Invests in Vaccitech’s Series B Financing

Future Planet Capital invests in a $168m Series B financing announced today by Vaccitech Ltd.
– Future Planet joins other leading investors including M&G Investment Management, Tencent, Gilead Sciences, Monaco Constitutional Reserve Fund and fellow existing investor, Oxford Sciences Innovation.
– As part of the Series B financing, $43m in convertible loan notes previously issued by Vaccitech will convert into Series B shares, resulting in total gross proceeds to Vaccitech of $168m before expenses.
Future Planet Capital is a London-based investment firm focused on venture capital and private equity investments in early stage life sciences companies.

Source
Scooter startup Unagi brings subscription service to Seattle with monthly fee and no sharing hassles
Scooter startup Unagi brings subscription service to Seattle with monthly fee and no sharing hassles
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Unicorn Nest news

Scooter startup Unagi brings subscription service to Seattle with monthly fee and no sharing hassles

– Unagi, a scooter sharing company, raised $10.5m in Series A funding.
– The round was led by The Ecosystem Integrity Fund with participation from Menlo Ventures, Broadway Angels, and Gaingels, among others.
– The company plans to expand its subscription service to several new cities, including Seattle.

Source
HCAP Partners Leads Series B Growth Investment in BetterNight
HCAP Partners Leads Series B Growth Investment in BetterNight
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Unicorn Nest news

HCAP Partners Leads Series B Growth Investment in BetterNight

HCAP Partners led series B growth investment in BetterNight.
– The funding follows HCAP Partners‘ 2019 investment in BetterNight.
– Hope Mago, Partner at HCAP will join the company’s board of directors.
– BetterNight is one of the nation’s leading comprehensive virtual-care sleep health solutions.
– 54 million Americans suffer from sleep apnea, while 80 percent of cases of moderate and severe obstructive sleep apnea remain undiagnosed [1].
– BetterNight’s digitally based virtual solution makes sleep care more accessible.
– The virtual platform pathway typically includes a sleep health assessment, a telemedicine-based consultation, an in-home diagnostic study, and a therapy modality delivered directly to the patient’s home.
– BetterNight utilizes remote patient monitoring and qualified sleep coaches to assist patients when needed.

Source
Immediate Completes $15.5M Funding Round
Immediate Completes $15.5M Funding Round
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Unicorn Nest news

Immediate Completes $15.5M Funding Round

– Immediate, a UK-based company that provides wages that have been earned but not paid, has completed a $15.5m funding round.
– The funding, which reflects growing confidence in the expanding potential of Immediate, is split between growth equity and a working capital facility.
– The company will use this funding to continue on its accelerated growth path in the coming years.

Source
Whereby Raises $12M in Funding
Whereby Raises $12M in Funding
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Unicorn Nest news

Whereby Raises $12M in Funding

– Whereby from Norway develops video meeting technology.
– The company raised $12m in funding.
– Backers included Point Nine, Jason M. Lemkin’s SaaStr fund, and a group of more than 20 angel investors including:
Jason M. Lemkin – Serial entrepreneur and founder of Saastr
John Komkov – Investor @Fathom Capital
Harry Stebbings – Founder of 20 Minute VC
Jeff Morris Jr – Investor & Founder @ChapterOne, VP Product/Revenue @Tinder
Josh Buckley – Entrepreneur & CEO @Producthunt
Josh Hannah – Investor

Source
The Robinhood competitor landscape intensifies as Invstr raises $20M
The Robinhood competitor landscape intensifies as Invstr raises $20M
UN

Unicorn Nest news

The Robinhood competitor landscape intensifies as Invstr raises $20M

– Invstr, a financial education platform, raised $20m in Series A funding.
– The round was led by Ventura Capital and joined by Finberg, European angel investor Jari Ovaskainen, and Rick Haythornthwaite.
– The company plans to use the funding to expand its product offering.

Source
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