The lesson appears to be that revenue growth matters more than near-term margins for fintech companies, allowing them to secure valuations that far surpass their final private marks.
Ocrolus lands $80M at a $500M+ valuation to automate document processing for fintechs and banks
If you’ve ever had to take out a loan, you know just how many documents are involved in the approval process. It’s a lot. The process is tedious and time-consuming, and in many more cases than you’d expect — still manual. Ocrolus is a startup that is hoping to change that with an automation platform […]
Global Founders Capital leads $9.3M investment into Awning, a real estate brokerage for individual investors
Earning passive income as an investor in single-family rental homes is a dream for many, but also something that can be intimidating to break into. Awning is a startup that aims to make the process less intimidating through a platform designed to allow individuals to invest in single-family rental homes not just in the cities […]
Meru Health secures $38M in equity and debt for ‘holistic’ online mental health platform
The COVID-19 pandemic has undoubtedly been devastating on many levels. But if there’s any silver lining in the global crisis, it could be that it’s less taboo to talk about feeling anxious, depressed or burnt out. Because chances are, the person you’re talking to is feeling one of those things too. So it’s no surprise […]
Grow Therapy plants $15M into helping therapists start their own practices
The behavioral health startup helps therapists launch their own private practices that are covered by insurance.
Bigeye, providing data quality automation, closes second round this year with $45M
The company is investing in how to find data-quality issues faster and get to the root cause so that data outages can be prevented in the future.
Travel technology platform Spotnana launches with $41M
Spotnana’s open API platform provides travel inventory from dozens of global sources and integrations with third-party workplace technology providers for ease of travel management.
Freshworks, Toast go public and we have takes
Hello and welcome back to Equity, TechCrunch’s venture-capital-focused podcast, where we unpack the numbers behind the headlines. Today we got the gang together — Natasha and Danny and Alex — to chat about the most recent IPOs in tech-land, namely debuts from Freshworks and Toast. TechCrunch has covered their pair of firms somewhat closely during their IPO run, as they […]
Mexico’s Kavak drives away with $700M in new funding, doubling its valuation to $8.7B
Kavak, a Mexico City-based startup that operates a pre-owned car marketplace in Latin America, announced today that it has raised a massive $700 million in a Series E round that more than doubles the company’s valuation to $8.7 billion. This news is notable for a few reasons. For one, it’s a staggering sum for any […]
Indonesian halal-focused social commerce startup Evermos lands $30M Series B
Evermos is an Indonesian social commerce startup with two goals: to let people earn extra income by opening online stores without spending capital and to help small brands grow into household names. The company, which focuses on halal products and other items for Muslim customers, announced today it has raised a $30 million Series B, […]