Canvas, a San Francisco, CA-based diversity recruitment platform, raised $50m in Series C funding, bringing its valuation to $400m. The round was led by Owl Ventures, with participation from Sequoia, Lachy Groom, Zoom Apps Fund, HighSage Ventures, BAM Elevate and Fifth Down Capital. The company intends to use the funds to: expand its product into other… Continue reading Canvas Raises $50M in Series C; Valued At $400M
Author: FINSMES Online News
GenXComm Raises $20M in Series B Funding
GenXComm, an Austin TX-based provider of private networking solutions, raised $20M in Series B funding. The round was led by Motive Companies, with participation from Raine Next-Gen Communications, BMW iVentures, Intel Capital, Azure Capital and Bandgap Ventures. The company intends to use the funds to accelerate product development and commercial launch of their private 4G… Continue reading GenXComm Raises $20M in Series B Funding
Prive Raises $1.7M in Pre-Seed Funding
Co-founders Alex Craciun and Claudia Laurie Prive, a San Francisco, CA-based eCommerce subscriptions platform, raised $1.7M in pre-seed financing. The round was led by Xfund and Bling Capital, with participation from Defy Partners, Halogen Ventures, Base Case Capital, and current senior Uber executives. Founded by ex-Uber product managers Alex Craciun and Claudia Laurie, Prive provides… Continue reading Prive Raises $1.7M in Pre-Seed Funding
Insurify Raises $100M in Series B Funding
Insurify, a Cambridge, MA-based virtual insurance agent and comparison platform, raised $100M in Series B funding. The round was led by Motive Partners with participation from existing investors Viola FinTech, MassMutual Ventures, Nationwide, Hearst Ventures, Moneta VC, as well as new investors Viola Growth and Fort Ross Ventures. The company intends to use the funds… Continue reading Insurify Raises $100M in Series B Funding
Hive Raises $10M in Funding
Hive, a NYC-based productivity software platform, raised $10m in funding. The round was led by Rembrandt Venture Partners, with participation from Zoom Video Communications, Inc.’s Zoom Apps Fund, and existing investors Tribeca Venture Partners and Angelpad. The company will use the funding to build the software platform, where all product decisions are made democratically by users.… Continue reading Hive Raises $10M in Funding
Eight Sleep Raises $86M in Series C Funding
Eight Sleep, a Miami, FL-based sleep fitness company, closed an $86M Series C funding round. The round was led by Valor Equity Partners, with participation from other funds, including SoftBank, Khosla Ventures, Founders Fund, and General Catalyst. Antonio Gracias, Valor’s Founder, CEO, and CIO, joined the Eight Sleep Board. Mr. Gracias sits on the boards… Continue reading Eight Sleep Raises $86M in Series C Funding
DraftKings To Acquire Golden Nugget Online Gaming, For Equity Value of $1.56 Billion
Boston, MA-based digital sports entertainment and gaming company DraftKings Inc. (Nasdaq: DKNG) is to acquire Golden Nugget Online Gaming, Inc. (Nasdaq: GNOG), an online gaming company, in an all-stock deal having an implied equity value of approximately $1.56 billion. The acquisition – expected to close in the first quarter of 2022 – will allow DraftKings… Continue reading DraftKings To Acquire Golden Nugget Online Gaming, For Equity Value of $1.56 Billion
Leapwork Raises $62M in Series B Funding
Leapwork, a Copenhagen, Denmark-based provider of an automation platform built for business users, raised $62M in Series B funding. The round was co-led by KKR and Salesforce Ventures with participation from existing investors DN Capital and Headline. The company intends to use the funds to continue to grow its global presence, building up local teams… Continue reading Leapwork Raises $62M in Series B Funding
Knoetic Raises $18M in Series A Funding
Knoetic, a NYC-based platform for Chief People Officers that combines a social network and a SaaS analytics tool, raised $18M in Series A funding. The round was led by Accel with participation from New York Times bestselling author Adam Grant, as well as Karan Mehandru (STEADFAST, and formerly Trinity Ventures), Dan Bomze (Founder/CEO of MileIQ), Sterling Road (Ash Rust), Bob Tinker (angel investor… Continue reading Knoetic Raises $18M in Series A Funding
Cribl Raises $200M in Series C Funding
Cribl, a San Francisco, CA-based Observability Pipeline company, raised $200m in Series C funding. The round, which brought total funding to $254m, was led by Greylock and Redpoint Ventures, with participation from new investor IVP, existing investors Sequoia and CRV, and strategic backers Citi Ventures and CrowdStrike. The company intends to use the funds to expand operations and… Continue reading Cribl Raises $200M in Series C Funding