GoFundMe gets Classy (literally) with acquisition of nonprofit giving platform

GoFundMe announced today that it will acquire Classy, a nonprofit fundraising software company. This is an all equity deal, though the company did not disclose the financials. Anyone can make a GoFundMe, from a local food pantry to a community member in need. But Classy is more specialized, working directly with nonprofits. Since its 2010 […]

Rocket Companies buys Truebill for $1.275B

Rocket Companies announced this morning that it will purchase Truebill for $1.275 billion in cash. Rocket Companies is best known for its Rocket Mortgage product, while Truebill is a consumer-facing app that helps consumers manage subscriptions, automate savings and budget. The deal’s price tag will prove lucrative for Truebill shareholders. PitchBook data indicates that Truebill’s […]

Netflix to acquire German visual effects studio behind ‘Stranger Things’ and more

Netflix is acquiring Munich-based visual effects studio Scanline VFX for an undisclosed amount. The company expects the deal to close in the first quarter of 2022, subject to regulatory approvals and closing conditions. Scanline has done work on several Netflix originals, including “Stranger Things” and “Cowboy Bebop.” The studio has also provided special effects for […]

Ro is in talks to acquire at-home sperm storage startup Dadi

Ro, a direct-to-consumer health company valued by its investors at $5 billion, is nearing a deal to acquire at-home sperm storage upstart Dadi, per multiple sources familiar with the unicorn’s business. The deal would be Ro’s fourth acquisition in the past 12 months, along with Workpath, Kit and Modern Fertility. The deal is near close […]

Instacart is acquiring catering software company FoodStorm

On-demand grocery delivery platform Instacart announced this morning that it’s acquiring FoodStorm, a SaaS order management system (OMS) that powers end-to-end order-ahead and catering for grocery retailers. The companies have not disclosed the financial details of the deal, but as part of the acquisition, Instacart will integrate FoodStorm’s technology into its suite of enterprise grocery […]

Cox Automotive acquires battery health company Spiers as ‘EVs take center stage’

Cox Automotive is getting into the electric vehicle battery lifecycle business. The company said Wednesday it acquired Oklahoma City-based Spiers New Technologies (SNT), a business that provides repair, remanufacturing, refurbishing and repurposing services for EV battery packs. The two companies did not disclose the terms of the deal. Cox said the acquisition will help it […]

Ideanomics to buy EV fleet maker Via Motors in $450M all-stock deal

Ideanomics, a fintech and electric mobility firm based in New York, has added to its list of acquisitions on Monday to buy commercial electric vehicle manufacturer Via Motors in an all-stock deal valued at $450 million. Ideanomics has been aggressively purchasing mobility businesses this year, as it seeks to build out vertically integrated offerings for […]

Brex buys Weav, a universal API for commerce platforms, for $50M

Fintech Brex first partnered with Weav, a developer of a universal API for commerce platforms, last summer. In March, Brex launched Instant Payouts for Shopify sellers using the startup’s technology. The results were impressive enough that by April, Brex co-founders Henrique Dubugras and Pedro Franceschi participated in Weav’s $4.3 million seed round as strategic angel […]

E-scooter company Fenix acquires Palm for $5M, gains entry to Turkish market

Abu Dhabi-based micromobility company Fenix has acquired Palm, a shared e-scooter company in Turkey, for $5 million – the exact amount the company raised last November and this past February during its seed round. Despite having not even raised a Series A round yet, Fenix scrounged together the cash and equity needed to fund this […]