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10º "Traditional” SW - 10th Jun

Carlos Molina del Rio

• 2 min read

Startups raising funds

  • Togai, a B2B SaaS metering and pricing platform, raised $3.1m in seed funding. Together Fund led, and was joined by BoldCap and Core91. Link
  • Origin, a Boston-based financial wellness app for employees that’s raised $70m in VC funding, acquired Burlingame, Calif.-based financial education startup Finny. Link
  • Brightflow AI, a VC-backed maker of cash flow analysis software for small businesses acquired CircleUp, a crowdfunding platform backed by such firms as Union Square Ventures, TPG, Temasek and Rose Park Advisors. Link
  • Mend, a New York-based provider of physical recovery products and digital solutions, raised $15m in Series A funding led by S2G Ventures. Link
  • 2045, a network for professionals of color, raised $4.2m in pre-seed funding. Benchstrength led, and was joined by CJ McCollum, Miguel McKelvey, AAF and CT Innovations. Link
  • Plot, a Wichita, Kan.-based construction tech platform, raised $2m in seed funding. Groundbreak Ventures led, and was joined by KCRise Fund, Koch Disruptive Technologies, High Alpha and Suffolk. Link
  • GSoft, a Montreal-based employee experience platform, raised C$125m from Caisse de dépôt et placement du Quebec in the bootstrapped company's first round of outside funding. Link
  • Pigment, a Paris-based business planning platform, raised $88m in Series C funding. Iconiq Growth led, and was joined by Felix Capital and insiders Meritech, IVP and FirstMark Capital. Link
  • Onfly, a Brazilian provider of corporate travel and expense management software, raised $16m in Series A funding co-led by Left Lane Capital and Cloud9 Capital. Link
  • Onebeat, an Israeli provider of retail inventory management software, secured $10m in Series B funding. Magenta Venture Partners led, and was joined by AnD Ventures, INcapital Ventures, J-Ventures and Surround Ventures. Link
  • Dock, an SF-based client-facing workspace for sales, onboarding and renewals, raised $3.5m. Craft Ventures led, and was joined by insiders Operator Collective and Jack Altman. Link
  • GiveCampus, a Washington, D.C.-based fundraising platform for educational nonprofits, acquired Community Funded, a Fort Collins, Colo.-based provider of giving day and crowdfunding solutions. GiveCampus last year raised $50m led by Silversmith Capital Partners. Link
  • Yuvo Health, a New York-based provider of admin software for community health centers, raised $20.2m in Series A funding. Mastry Ventures led, and was joined by AlleyCorp, AV8 Ventures, New York Ventures, HLM Venture Partners, Route 66 Ventures, VamosVentures and Social Innovation Fund. Link
  • Enterprise software startup Instabase raised a $45M Series C led by Tribe Capital at a $2B valuation, up from $1.05B for its $105M Series B in October 2019 Link
  • Curri, which sells last-mile logistics for construction, raised a $42M Series B, taking its total funding to $48.2M, and launches an API for booking vehicles Link

M&A and Private equity deals

  • Capital One Financial (NYSE: COF) agreed to buy Velocity Black, a London-based digital concierge service that had raised over $40m from investors like T Bridge Venture Partners, Nicoya Capital Group, Chrystal Capital and Tom Glocer. Link
  • Monomoy Capital Partners acquired Japs-Olson, a St. Louis Park, Minn.-based direct mail marketing firm. Link
  • GrowthCurve Capital acquired Netchex, a Covington, La.-based provider of human capital management and payroll software, from Primus Capital. Link
  • Medius, a Swedish portfolio company of Advent International and Blue Star Innovation Partners, agreed to buy Expensya, a French expense management startup that raised over $20m from firms like Endeavor Global, ISAI, Seventure Partners and MAIF Avenir. Link
  • Ultimate Kronos Group, a Weston, Fla.-based company whose backers include Blackstone and Nautic Partners, is paying €575m to acquire Immedis, an Irish payroll management platform whose VC backers include Scottish Equity Partners and Lead Edge Capital. Link

IPO & SPAC

  • Kustom Entertainment, a live event production and ticketing subsidiary of Digital Ally (Nasdaq: DGLY), agreed to be acquired by Clover Leaf Capital Corp. (Nasdaq: CLOE). Link

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