Sequoia backs blockchain scaling startup StarkWare at $2 billion valuation

As the crypto world continues to heat up, developers are clinging to the Ethereum network despite its general struggle to meet the stresses of a global network’s transaction load. To speed and cheapen transactions on Ethereum, developers are looking toward so-called Layer-2 (L2) blockchains, which build on the Ethereum network, offloading the computational stresses while […]

AnyDesk, a maker of remote desktop software, raises $70M at a $660M+ valuation

Remote and hybrid working are the order of the day, and now a startup called AnyDesk that helps enable that to be pulled off smoothly — regardless of the architecture of a company’s network, or where a person happens to be working — is announcing a round of $70 million to fuel its growth. The […]

Brazilian social commerce marketplace Facily quietly raises $366M in less than a year, now valued at $850M

Facily, a São Paulo-based social commerce marketplace, has quietly raised over $366 million in funding across four different rounds over the last year. Most recently, Facily closed on a $250 million Series D that was led by DX Ventures and Berlin-based Delivery Hero, with Citius as co-anchor investor. That investment values the startup at $850 […]

Credit-focused company Upgrade raises $280 million at $6 billion valuation

Fintech company Upgrade has raised a Series F round just four months after raising its previous round. Today, the company is announcing $280 million in new funding at a $6 billion pre-money valuation. In August, the company announced its Series E round — $105 million at a $3.325 billion valuation. In other words, the company […]

Nirvana Health announces $7.5M seed extension to help therapists navigate a ‘new world’ of insurance

As funding pours into mental health tech, one thing remains relatively unchanged: complex insurance billing. Now, even that medieval process is starting to attract startup interest — from companies that scan claims for errors, to others looking to simplify filing itself.  Nirvana Health is one of the latter. It’s a software platform looking to smooth […]

Canoo is setting up headquarters in Walmart’s hometown, picks Panasonic as battery supplier

Canoo, the electric automaker that became a publicly traded company last year, is expanding its U.S. footprint with plans to establish its headquarters and an advanced manufacturing industrialized facility in Bentonville, Arkansas — a city most famously connected with Walmart. “This is an advanced manufacturing facility that will allow us to produce vehicles for unique […]

Lifen raises $58 million to digitize the healthcare industry

French startup Lifen has raised a $58 million (€50 million) funding round. The startup has been working on digital infrastructure for the healthcare industry, starting with medical reports. Indeed, 600 healthcare facilities are using the product to send and receive medical documents. And each customer is using Lifen intensively as it represents 2 million medical […]