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
Author: FINSMES Online News
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
Veego Raises $13M in Series A Funding
Veego Software, a NYC-based company producing actionable insights for an improved connected home customer experience, closed a $13m Series A financing. The round was led by Magenta Venture Partners with participation from existing investors, State of Mind Ventures (SOMV), Robert Bosch Venture Capital GmbH, North First Ventures (N1V), Amdocs Ventures, as well as additional investors.… Continue reading Veego Raises $13M in Series A Funding
Tango Raises $5.7M in Seed Funding
Tango Co-founders Dan Giovacchini, Ken Babcock, and Brian Shultz Tango, a Los Angeles, CA-based workflow intelligence platform that streamlines the process of creating documentation, raised $5.7M in seed funding. The round was led by Wing Venture Capital with participation from General Catalyst, GSV Ventures, Outsiders Fund, and Red Sea Ventures, as well as angel investors Michael Stoppelman (former… Continue reading Tango Raises $5.7M in Seed Funding
Monolith AI Raises £8.5M in Series A Funding
Monolith AI, a UK AI engineering software company, raised £8.5M in Series A funding. The round was led by Insight Partners with participation from existing investors Pentech and Touchstone, Alejandro Agag, the founder of Formula E and Extreme E, Apex Black and the Stanford Angels of the UK. In conjunction with the funding, Josh Fredberg,… Continue reading Monolith AI Raises £8.5M in Series A Funding
Fontinalis Partners Closes $104M Fund III
Fontinalis Partners, a mobility-focused venture firm with offices in Detroit and Boston, closed a $104m third fund. Fontinalis III brings the firm’s total committed capital to approximately $270m, and the fund is comprised of more than 30 limited partners spanning institutional investors, individuals & family offices, and corporate investors with strategic relevance to mobility. In… Continue reading Fontinalis Partners Closes $104M Fund III
RepairSmith Raises $42M in Series B Funding
RepairSmith, a Los Angeles, CA-based technology startup offering a mobile solution for automotive repair and maintenance, raised $42m in Series B funding. Backers included TI Capital, Mercedes-Benz, Porsche Ventures, and Spring Mountain Capital. RepairSmith has also appointed Ziad Ghandour of TI Capital and John L. Steffens of Spring Mountain Capital to its board of directors. Previously appointed board of directors include Andreas Joerg and Thomas Vogel of Mercedes-Benz AG. The company intends to… Continue reading RepairSmith Raises $42M in Series B Funding
Machinery Partner Raises $4.5M in Seed Funding
Machinery Partner, a Boston, MA-based company offering novel procurement, financing and support for small businesses needing heavy machinery, raised $4.5m in seed funding. The round was led by One Way Ventures (from Boston and focused on backing immigrant founders) and Euclid Ventures (from the West Coast and focused on B2B marketplaces), with participation from PJC and Techstars Ventures, as well as… Continue reading Machinery Partner Raises $4.5M in Seed Funding