Tekion, a San Ramon, Calif.-based cloud technology company and provider of SaaS retail operating platform, Automotive Retail Cloud, raised $150m in Series C financing round at over a $1 billion valuation. The round was led by Advent International with participation from Index Ventures, Exor (the holding company of Fiat Chrysler Automobiles and Ferrari), Airbus Ventures and… Continue reading Tekion Raises $150M in Series C; at $1B+ Valuation
Author: FINSMES Online News
SiteAware Raises $10M in Series A Funding
SiteAware, a Houston, TX-based Israeli Artificial Intelligence (AI) construction verification software company, closed a $10m Series A funding. The round was co-led by Axon Ventures and Robert Bosch Venture Capital GmbH with participation from existing investors lool Ventures, Oryzn Ventures, The Flying Object and Power Capital Venture. The company will use the new funding to accelerate its expansion… Continue reading SiteAware Raises $10M in Series A Funding
goPuff Raises $380M; Valued at $3.9 Billion
goPuff, a Philadelphia, PA-based go-to platform for consumers’ everyday needs, raised $380m in funding. The round, which valued the company at $3.9 billion, was led by existing investor Accel and D1 Capital Partners with participation from Luxor Capital and SoftBank Vision Fund, another previous investor. The company intends to use the funds to further accelerate its… Continue reading goPuff Raises $380M; Valued at $3.9 Billion
Envisics Raises Approx. $50m in Series B Funding
Envisics, a UK based holographic technology company, raised approx. $50m in Series B funding. Backers included Hyundai Mobis, GM Ventures, the venture capital subsidiary of General Motors, SAIC Capital, the venture investment business of SAIC Motors and Van Tuyl Companies, a US-based family office investment firm. The company intends to use the funds to accelerate… Continue reading Envisics Raises Approx. $50m in Series B Funding
Uber Freight Raises $500M in Funding
Uber Freight, the logistics arm of Uber Technologies, Inc. (NYSE: UBER), raised $500M in Series A preferred stock financing. An investor group led by Greenbriar Equity Group, L.P., a New York-based investment firm, committed to invest in the unit valuing it at $3.3 billion on a post-money basis. In conjunction with the investment, Michael Weiss… Continue reading Uber Freight Raises $500M in Funding
Turntide Technologies Raises $33M in Funding
Turntide Technologies, a Sunnyvale, Calif.-based company responsible for a sustainable electric motor with digital DNA, completed a $33m funding round. Backers included The Amazon Climate Fund, Meson Capital, BMW iVentures, JLL Spark, WIND Ventures, and Tony Fadell’s Future Shape. The company intends to use the funds to continue to expand its business and development efforts. Led by Chairman and CEO Ryan Morris, Turntide makes… Continue reading Turntide Technologies Raises $33M in Funding
Aurora Labs Raises $23M in Series B Funding
Aurora Labs, a Tel Aviv, Israel-based provider of self-healing software for connected cars, secured $23m in Series B funding. The round was led by LG Technology Ventures, the investment arm of the LG Group, and Marius Nacht, co-founder of Check Point Software Technologies. Porsche SE, majority owner of the VW group which includes Volkswagen, Audi,… Continue reading Aurora Labs Raises $23M in Series B Funding
Humatics Raises $30M in Series B Funding
Humatics, a Waltham, Mass.-based microlocation technology company, secured $30m in Series B funding. The round, which brought its total raised to over $80m, was led by Blackhorn Ventures with participation from Tenfore Holdings, Fontinalis Partners, Airbus Ventures, Lockheed Martin Ventures, and Presidio Ventures. The company intends to use the funds to expand its talent pool, scale its… Continue reading Humatics Raises $30M in Series B Funding
SpotHero To Buy Rover Parking To Expand in Canada
SpotHero, a Chicago, IL-based digital parking leader in North America, is to acquire Rover Parking, a consumer parking app in Canada. The amount of the deal – expected to close in the fourth quarter of 2020 – was not disclosed. This acquisition accelerates SpotHero’s market leadership position in North America, gaining access to thousands of… Continue reading SpotHero To Buy Rover Parking To Expand in Canada
Xometry Raises $75M in Equity Funding
(PRNewsfoto/Xometry) Xometry, a Gaithersburg, Md.-based on-demand manufacturing marketplace, completed an $75M equity funding. The round was led by funds and accounts advised by T. Rowe Price Associates, Inc. Durable Capital Partners LP and ArrowMark Partners also participated in the round, along with previous venture and strategic investors BMW i Ventures, Greenspring Associates, Dell Technologies Capital,… Continue reading Xometry Raises $75M in Equity Funding