ThreeFlow, which provides software for insurance brokers selling employee benefits, announced today that it raised $45 million in Series B funding. New investor Accel led the round alongside existing investors Emergence Capital, Equal Ventures, and First Trust Capital Partners. The Chicago-based company, formerly known as WatchTower, raised $8 million for its Series A round in […]
Developer productivity tools startup Raycast raises $15M from Accel and Coatue
Developer-focused productivity tool Raycast has raised $15 million in Series A funding, led by Accel and Coatue. Also participating in the round were angel investors Johnny Boufarhat, the CEO and founder of Hopin; Jeff Weinstein, the head of product at Stripe; Jason Warner, the former CTO of GitHub and Ott Kaukver, the CTO of Checkout.com, […]
Personio, an HR platform for SMEs, raises $270M on a $6.3B valuation, expands into workflow automation
HR technology has been thrown into the spotlight in the last 20 months: COVID-19 has changed the way we work, and so how we manage people in the world of work has had to change, too. Today, a Munich-based startup called Personio, which has built a big business out of how to address that issue […]
Welcome debuts a smarter city guide app on iOS, backed by $3.5M led by Accel
When you’re exploring a city — whether one you’re visiting on your travels or your own — there are a number of tools that can help you find out where to go, what to see and what to do, like Google Maps, Yelp, TripAdvisor and others. But a startup called Welcome thinks that today’s set […]
Recruiting operations platform ModernLoop lands $3.3M to create better technical hiring experiences
ModernLoop automates many of the repetitive tasks recruiters do while also scheduling and balancing the interviewing workload so the right mix of people are involved and trained.
Five Seasons Ventures pulls in €180M fund to tackle human health and climate via FoodTech
FoodTech is booming in Europe and is growing exponentially. In 2020, €3 billion went into European FoodTech companies (State of European Tech Report, March 2021), and the pandemic has accelerated demand as consumers have shifted to grocery delivery. The industry has also been affected by the rise of direct-to-consumer food brands. Finally, the pandemic created […]
Why and when startups should look to diverse sources of capital
Venture capital is a popular source of capital for early-stage startups, but it’s not the only one. Debt is an increasingly popular alternative, as is non-dilutive, revenue-based financing.
Accel, Tiger and Stripe’s COO back Mexico City-based Higo as it raises $23M for its B2B payments platform
Just six months after raising $3.3 million in seed funding, Mexico City-based Higo announced today it has raised $23 million in a Series A round led by Accel. Tiger Global Management also participated in the financing, along with existing backers Haystack, Homebrew, Audacious, Susa Ventures and J Ventures. A number of angel investors also put […]
Stairwell secures $20M Series A to help organizations outsmart attackers
Back when Stairwell emerged from stealth in 2020, the startup was shrouded in secrecy. Now with $20 million in Series A funding, its founder and CEO Mike Wiacek — who previously served as chief security officer at Chronicle, Google’s moonshot cybersecurity company — is ready to talk. As well as raising $20M, an investment round […]
Former Instacart CFO Sagar Sanghvi joins Accel as its newest partner
Instacart‘s chief financial officer Sagar Sanghvi has departed from the on-demand grocery delivery company after nearly six years and is returning to his investing roots. Specifically, Sanghvi has joined Accel as a partner focused on global growth-stage consumer and enterprise investments. Prior to becoming CFO of Instacart, Sanghvi served as the company’s vice president of […]