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$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 2


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 1


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


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


Zomato targets $1.3 billion IPO at as high as $8.6 billion valuation – 98bmp

Zomato, a food delivery startup in India, said on Thursday it has boosted its plan to raise $1.3 billion in its initial public offering, which opens on July 14 and closes July 16. The loss-making startup said it will price its shares in the range of 72 Indian rupees (96 cents) to 76 ($1) and is targeting an upper limit valuation of $8.56 billion. Zomato, which competes with Swiggy — […]

todayJuly 8, 2021 1


Rohlik raises $119M at a $1.2B valuation to grow its 2-hour grocery delivery service in Europe – 98bmp

“Instant” grocery delivery has been a big theme among food startups in Europe, where customers can order from a limited assortment of items and get their purchases packed from “dark stores” and delivered in sometimes as little as 10 or 15 minutes. But today a startup that’s built a much bigger proposition — a virtual supermarket of 17,000+ items that it delivers in as little as two hours — is […]

todayJuly 1, 2021 2


What does Red Hat’s sale to IBM tell us about Couchbase’s valuation? – 98bmp

The IPO rush of 2021 continued this week with a fresh filing from NoSQL provider Couchbase. The company raised hundreds of millions while private, making its impending debut an important moment for a number of private investors, including venture capitalists. According to PitchBook data, Couchbase was last valued at a post-money valuation of $580 million when it raised $105 million in May 2020. The company — despite its expansive fundraising […]

todayJune 21, 2021 3


Coinbase’s bet on Amber Group pays off as it hits a $1B valuation

Cryptocurrency trading firm Amber Group has reached unicorn status with its latest funding round of $100 million today. The Hong Kong-based firm raised money in the Series B round led by China Renaissance. Other firms contributing to the $100 million sum included some prominent names, such as Tiger Brokers, Tiger Global Management, Arena Holdings, Tru Arrow Partners, Sky9 Capital, DCM Ventures, and Gobi Partners.The company — backed by Coinbase in Series A investment […]

todayJune 21, 2021 3


Crypto finance startup Amber Group raises $100M at $1B valuation – 98bmp

More mainstream venture capital firms are jumping on the crypto bandwagon as investors increasingly consider bitcoin an investable asset, despite the recent massive price drops of a few major cryptocurrencies. Amber Group, a Hong Kong-based cryptocurrency trading startup, said on Monday it has raised $100 million in a Series B funding round at a pre-money valuation of $1 billion. The latest valuation is ten times that of the company’s Series […]

todayJune 21, 2021 3