Deel surpassed $100 million ARR

April 26, 2022

  • Deel surpassed $100 million ARR.

  • Epic Games raised $2 billion from Sony and Kirkbi investment company, the parent company of the Lego Group. As a result of the new funding round, the company’s valuation rose to $31.5 billion.

  • Ōura Health raised a new funding round at a $2.55 billion valuation.

  • Brex acquired Pry Financials, an accounting software startup that tracks budgeting and forecasts cash flow.

  • ByteDance appointed Julie Gao as its new CFO. Gao previously was a capital markets attorney at Skadden.

  • Convoy raised $260 million in debt and equity at a $3.8 billion valuation.

  • Flutterwave’s current CEO was accused of financial misconduct for creating a false cofounder to gain more shares of the company.

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Dominic Cioffi
GoTo Group planned to raise $1.1 billion in its upcoming IPO

March 29, 2022

  • Last week, GoTo Group planned to raise $1.1 billion in its upcoming IPO.

  • Webflow raised $120 million at a $4 billion valuation.

  • Indigo AG appointed John Frederick as its new CFO. Frederick previously was the CEO of SumTotal Systems and the Chief Administrative Officer at Skillsoft.

  • Instacart reduced its internal valuation to $24 billion which represents a 38% discount to its last round valuation in March 2021.

  • Ola acquired Avail Finance, a platform that assists blue collar workers with their finances.

  • SparkCognition acquired Integration Wizards, an advanced visual AI startup.

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Kirat Lall
Addepar appointed Eric Daniels as its CFO

March 14, 2022

  • Addepar appointed Eric Daniels as its CFO. Daniels previously was the CFO of Real Capital Analytics, COO and CFO of automotiveMastermind Inc and the CFO of NRC National Response Corporation.

  • Epic Games acquired Bandcamp, a music download platform.

  • Acorns raised $300 million at a $1.9 billion valuation.

  • Byju’s raised $800 million at a $22 billion valuation.

  • CircleCI acquired Ponicode, a software testing platform.

  • Course Hero acquired Scribbr, an edtech suite with tools equipped to assist students apply for college.

  • Niantic acquired 8th Wall, an AR development platform.

  • Scopely invested $20 million in a new gaming studio, Burlingame Studios.

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Kirat Lall
Bloomreach raised $175 million at a $2.2 billion valuation

February 28, 2022

  • Bloomreach raised $175 million at a $2.2 billion valuation.

  • Klarna’s operating losses increased to 6.58 billion Swedish crowns ($688.85 million) in FY 2021 which represents a 4X multiple compared to last year’s operating losses.

  • Omada Health raised $192 million at a $1 billion valuation.

  • Circle Internet Financial planned to be acquired by Concord Acquisition Corp, a SPAC, in a deal that values the company at $9 billion.

  • Flutterwave raised $250 million at a $3 billion valuation.

  • Noom paid $62 million as part of its lawsuit pertaining to making it difficult for users to opt out of subscription renewals.

  • Roman Health raised $150 million at a $7 billion valuation.

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Kirat Lall