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Here’s what you need to know today in startup and venture news, updated by the ¸½½üÉÏÃÅ News staff throughout the day to keep you in the know.

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PayPal buys Paidy for $2.7B

announced that it is acquiring Japan-based , a buy now, pay later platform, in a mostly cash transaction valued at around $2.7 billion.

Founded in 2008, Paidy has previously raised close to $400 million in known funding, per ¸½½üÉÏÃÅ data.

PayPal said the deal is aimed at boosting its presence in the domestic payments market in Japan, the third largest ecommerce market in the world.

Revaia raises $296M fund

Paris-based ,  formerly known as Gaia Capital Partners, has announced the final close of its first growth fund of 250 million euros ($296 million). The fundraise reportedly cements the firm’s status as the largest European female-founded venture fund.

Neat locks down $30M

Norway-based received a $30 million investment from , giving the video-device maker a valuation of $640 million. This is Zoom’s third investment in Neat, bringing the total investment to $41 million. The companies are collaborating together to provide better meeting and collaboration experiences.

Founded in 2019, Neat develops video devices for the hybrid workplace; screens that can be used in conference rooms, offices or homes.

— Chris Metinko

Funding rounds

A-Alpha Bio picks up $20M: Seattle-based , a biotech startup developing technology for measuring millions of protein-protein interactions for use in drug development, raised $20 million in a Series A round led by .

— Joanna Glasner

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