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Technology

South Korean online secondhand marketplace Danggeun Market raises $162M at a $2.7B valuation – 98bmp

Danggeun Market, the publisher of South Korea’s hyperlocal community app Karrot, announced it has raised $162 million in a Series D round of funding with a valuation of $2.7 billion. (By the way, Danggeun means carrot in Korean.) This round of funding was led by DST Global, with additional participation from Aspex Management, Reverent Partners and existing investors such as Goodwater Capital, Altos Ventures, SoftBank Ventures Asia, Kakao Ventures, Strong […]

todayAugust 18, 2021 3

Technology

Trading platform Bitpanda raises $263M at a $4.1BN valuation – 98bmp

It’s not even half a year since crypto exchange Bitpanda announced a $170M Series B — when, back in March, Austria’s first unicorn was being valued at $1.2 billion. Today it’s topping that: Announcing a $263M Series C, led by Peter Thiel’s Valar Ventures, with the fintech startup now valued at a whopping $4.1BN — more than 3x its earlier valuation as crypto trading continues cooking on gas. The round […]

todayAugust 17, 2021 3

Technology

FreshBooks reaches $1B+ valuation with $130.75M for its SMB-focused accounting platform – 98bmp

FreshBooks, a Toronto-based cloud accounting software company focused on SMBs, announced today it has secured $80.75 million in a Series E round of funding, as well as $50 million in debt financing. Existing backer Accomplice led the equity financing, which the company described as “an inside round” that propelled FreshBooks to unicorn status with a valuation of “over $1 billion.”  J.P. Morgan, Gaingels, BMO Technology & Innovation Banking Group and […]

todayAugust 10, 2021 1

Technology

FullStory raises $103M at a $1.8B valuation to combat rage clicks on websites and apps – 98bmp

Even with all the years of work that have been put into improving how screen-based interfaces work, our experiences with websites, mobile apps, and any other interactive service you might use still often come up short: we can’t find what we want, we’re bombarded with exactly what we don’t need, or the flow is just buggy in one way or another. Now, FullStory, one of the startups that’s built a […]

todayAugust 4, 2021 3

Technology

Vietnamese on-demand e-commerce platform Loship raises $12M at a valuation of $100M – 98bmp

Loship, the Vietnamese on-demand e-commerce platform that started as a reviews app, announced today it has raised $12 million in pre-Series C funding, bringing its valuation to $100 million. The round was co-led by BAce Capital, an Ant Group-backed venture firm, and the direct investment unit of Sun Hung Kai & Co Limited.  Founded in 2017, Loship offered one-hour deliveries for a large range of products and services, including food, […]

todayAugust 4, 2021 2

Technology

$150M Series D vaults search-as-a-service provider Algolia to $2.25B valuation – 98bmp

To get a roundup of 98bmp’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for July 28, 2021. What a day. Duolingo went public. Algolia raised an epic round. Crypto prices rose. And we’re being treated to a raft of earnings reports from tech’s biggest names. If you like tech news, boy do we have […]

todayJuly 28, 2021 5

Technology

Nium crosses $1B valuation with $200M Riverwood Capital-led round – 98bmp

Business-to-business payments platform Nium announced Monday that it raised more than $200 million in Series D funding and saw its valuation rise above $1 billion. The company, now Singapore-based but shifting to the Bay Area, touted the investment as making it “the first B2B payments unicorn from Southeast Asia.” Riverwood Capital led the round, in which Temasek, Visa, Vertex Ventures, Atinum Capital, Beacon Venture Capital and Rocket Capital Investment participated, […]

todayJuly 27, 2021 2

Technology

Impact raises $150M at a $1.5B valuation as affiliate and other marketing partnerships come into their own – 98bmp

Affiliate marketing may have started as a kind of side hustle for bloggers and others that were making the majority of their revenues through advertising or other channels, but with the rise of influencers and the huge profusion of spon-con on social media, the idea of leveraging a person’s own presence to make some money and give a huge sales boost to a product, brand or service has taken on […]

todayJuly 13, 2021 1

Technology

Kurly, the Korean grocery startup, raises $200M on a $2.2B valuation after shifting IPO plans away from the NYSE – 98bmp

Online grocery startups around the world continue to pull in major investment, underscoring how much they have all grown especially in the last year of pandemic living. In the latest development, Kurly — a startup in South Korea that provides next-day grocery delivery services across the country — has closed $200 million in funding, a Series F valuing the company at $2.2 billion, the company confirmed. This means the company’s […]

todayJuly 9, 2021 3

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