附近上门

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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Cazoo raises $311M for used car app

U.K.-based , developer of an online platform for buying and financing used cars, has raised 拢240 million ($311 million) in fresh funding.

Leading the investment were , and funds managed by and .

This latest round takes the total funding in the two years since Cazoo was founded to 拢450 million.

Cazoo says it has hit revenues of over 拢100 million since its launch less than a year ago.

Funding rounds

• SOPHiA Genetics lands $110M: , a Swiss startup focused on data-driven medicine, that it has raised $110 million in a Series F round led by and .
• Olema secures $85M for women鈥檚 cancer treatments: Biopharmaceutical company , closed on $85 million in Series C financing toward the development of its lead product candidate in breast cancer. led the round with participation from new investors, including and . All existing institutional investors also participated.
• Tend bites into $37M to expand: Dental startup announced a $37 million Series B round of funding led by . New York-based Tend launched in October 2019, but had to close in March due to COVID-19. It reopened in June. The round brings Tend鈥檚 total funding to $73 million. Joining GV in the round was , , , and . The company intends to use the new capital to expand outside of New York into Boston and Washington, D.C, open more than 20 locations by the end of 2021, roll out its first suite of products and scale its team and operations.
• Solo.io inks $23M: , an API infrastructure company delivering application networking from the edge to service mesh, closed on a $23 million Series B round of financing, bringing the company鈥檚 total funding amount to $37 million. The round was co-led by prior investors and .
• Braintrust brings in $18M: , a network of highly-skilled technical and design talent, closed on an $18 million strategic growth round led by and and joined by new investors , , and Variant. The new funds will go toward accelerating聽 the company鈥檚 rapid growth.
• Altinity raises $4M: , an enterprise ClickHouse services provider for analytics and data warehousing, announced a $4 million round of funding to launch its first cloud service, Altinity.Cloud. led the round.
• Builder secures $3.25M for no-code e-commerce tool: , offering a no-code tool to build digital experiences for websites, apps or e-commerce stores using drag-and-drop, raised $3.25 million in a seed round led by , with participation from the founders and top executives at , , , and .
• QUIN raises $1.1M: Berlin-based Investment advisory services , raised $1.1 million in seed funding to provide a non-custodian platform empowering people to invest safely and rationally. The round is led by , with participation from , and angel investors.

M&A

• Imperva to acquire jSonar: Cybersecurity company will database security startup for an undisclosed sum. Waltham, Massachusetts-based jSonar previously raised $50 million in venture funding.
• Cisco to acquire Portshift: Tech giant said it intends to -incubated company, , a platform that continuously secures cloud-native applications on Kubernetes environments. Israel-based Portshift was launched in November 2018 with $5.3 million in seed funding.

Bullpen Capital launches new fund

launched its Bullpen Fund V, a $130 million fund that will do post-seed investing. The firm is an early-stage fund that makes follow-on investments for companies who have recently raised seed. Its , which was $140 million was announced in 2018, according to 附近上门 data. In addition to the fund, has joined as its newest general partner.

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