Here’s what you need to know today in startup and venture news, updated by the 附近上门 News staff throughout the day to keep you in the know.
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Fivetran raises $565M led by Andreessen Horowitz
Data integration platform has raised a $565 million Series D led by valuing the company at $5.6 billion. Oakland-based Fivetran connects and syncs data from applications into a company鈥檚 data warehouse. Existing investors , 听补苍诲 participated in the round with new investors , and .
Fivetran also announced that it has purchased real-time data integrator for $700 million in a cash and stock transaction.听
— Gen茅 Teare
India’s CARS24 raises $450M at $1.84B valuation
, an India-based e-commerce platform for used vehicles, announced it has raised $450 million in fresh funding at valuation of $1.84 billion.
The financing consists of $340 million in Series F equity and $110 million in debt.听 , and 2 led the Series F equity round for the 6-year-old company.
—聽 Joanna Glasner
Airwallex closes on $200M valued at $4B
Melbourne-based , a global payments company, has raised $200 million led by , fast on the heels of a Series D extension earlier this year. Airwallex customers set up accounts to accept international payments in preferred currencies to reduce fees.
This brings its total funding to $702 million and values the company at $4 billion. New investors and joined the round as well as existing investors聽 , , 1 and .
— Gen茅 Teare
E-commerce
Heartcore closes $250M consumer fund:聽, a Copenhagen-based venture fund that invests in consumer-focused startups in Europe, raised $250 million for its newest fund. The firm invests around the thesis of “making people happy” through tech-enabled consumer businesses. The fundraise consists of a $200 million Fund IV and a $50 million vehicle to make follow-on investments in existing portfolio companies.
—聽 Joanna Glasner
Fintech
Flobiz raises $31M: India-based mobile billing startup has closed on a $31 million Series B led by and . Flobiz helps small businesses with payments and inventory management and works online and offline. Its customers included wholesalers, manufacturers, retailers, distributors and merchants. Existing investors and participated in the round as well as .听
— Gen茅 Teare
Logistics
Altana AI snags $15M for supply chains: , developer of an artificial intelligence-powered platform for navigating global supply chains, raised $15 million in a Series A funding led by ‘s .
—聽 Joanna Glasner
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