Branch, which has built a flexible workforce payments platform, announced today it has raised $48 million in Series B funding and closed on a $500 million credit facility. Lee Fixel’s Addition –– which has also backed the likes of Flipkart, Stripe and Coinbase – led the equity financing while the credit facility was secured in […]
Digital therapy program for fibromyalgia receives FDA breakthrough device designation
Swing Therapeutics, a digital therapeutics startup, has received an FDA breakthrough device designation for their 12 week smartphone-assisted fibromyalgia management program. This is the company’s first breakthrough designation, and precedes a deluge of clinical trials scheduled for this year. Swing Therapeutics was founded in 2019 and has raised a total of $9 million in seed […]
Food conglomerate Starday raises $4M
Forward Foods, Starday raised $4 million in seed funding to take on “big food” incumbents.
GSK and R/GA Ventures are launching a health studio for startups
GSK Next, the innovation arm of GlaxoSmithKlein, is launching a new mentorship and business development program. Called the Re/Wire Health Studio, the program will eventually select six startups who will win access to nine weeks of mentoring, business development expertise, and cash grants. The Re/Wire Health Studio is designed for growth and early-stage startups focused […]
Split.io announces $50M Series D to continue growing feature flag platform
As developers build applications, they often want to test new functionality on a limited set of users to blunt any possible negative impact or to gauge user reaction to the change before rolling it out more broadly. They use a technique called a feature flag, and Split.io, a startup that has built a platform to […]
Monte Carlo closes $60M Series C on the back of rapid ARR growth
The company raised a Series B earlier this year, a $25 million round led by GGV and Redpoint. Both Series B lead investors participated in Monte Carlo’s Series C.
Hopper raises $175M at $3.5B+ valuation as travel surges and its fintech tools help offset variant concerns
Travel tech company Hopper has raised a $175 million Series G, the company said today. That’s nearly the same amount it raised in a Series F round that closed earlier this year. These are indeed new funds, however, bringing its total raised to date to nearly $600 million, with the company now valued at over $3.5 […]
African fintech Pngme raises $15M for its financial data infrastructure platform
Unbundling financial data through APIs and driving data-driven insights with value-add products in Africa keeps getting more exciting as major players continue to raise more money for scale. Less than a year after its $3 million seed round, San Francisco- and Africa-based fintech Pngme has snapped up another $15 million for its financial data infrastructure […]
MOLOCO raises $150M Series C led by Tiger Global at a $1.5B valuation
MOLOCO, an adtech startup that uses machine learning to build mobile campaigns, announced today it has raised $150 million in new Series C funding led by Tiger Global Management, taking its valuation to $1.5 billion. This is separate from the $20 million Series C round MOLOCO announced three months ago, which brought it to unicorn […]
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 […]