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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WHOOP gets $100M for wellness platform
Personal fitness and wellness platform said Wednesday that it has closed a $100 million Series E financing led by that values it at a $1.2 billion. The startup said the latest funding will be used for product and software development, global expansion and member services.
The startup offers a free wearable tracker, the WHOOP Strap 3.0, with a monthly subscription that starts at $30 and allows members to track fitness, sleep, recovery following workouts, and other wellness metrics.
Participating investors in its Series E funding included , , , , , , , , D20 Capital and . Professional athletes who invested include (via ), , , Eli Manning, and Justin Thomas.
The company said it now has more than 330 employees, including over 200 people it hired this year. IWith the latest round, it has raised more than $204 million to date, .
Streetbees raises $40M for human intelligence platform
London-based , developer of what it describes as a human intelligence platform for collecting and analyzing offline behavior, Â it raised $40 million in Series B funding.
led the financing for the 5-year-old company, with participation from , , and .
The company says it leverages advances in data science and the proliferation of smart devices to enable consumers to share brand experience in real time. Several of the largest consumer goods brands are users of its technology, including including , and .
Funding rounds
- Scopely gets $340M for mobile games: Mobile gaming giant  said Wednesday that it has raised $340 million in a Series E funding round. [Read more here.]
- Lunchbox takes bite out of $20M: , developing an online ordering engine for restaurants, raised a $20 million Series A round of funding led by . Joining them in this round are Lunchbox’s existing investors and , as well as a group of individual investors including celebrity chef , , , , Planet Hollywood founder Robert Earl and founder . Lunchbox intends to use the capital to grow nationally, hire talent, expand into new markets and platform development.
- HomeThrive lands $18M for aging-in-place platform: Chicago-based Homethrive said Wednesday that it has raised $18 million in a Series A funding round led by and . The company makes a platform designed to help older adults to age in place while providing their caregivers with information to better manage their care. The company said it will use the latest funding to accelerate its expansion into health plans and the self-insured employer market and to further build out its technology stack and digital tools. HomeThrive is one of a growing number of startups in the aging-in-place and elder-care sectors that are drawing venture funding.
- The Wanderlust Group raises $14.2M: , a technology company focused on the marine and outdoor lifestyle industries, announced $14.2 million in Series B funding by a group of undisclosed investors. The company operates subsidiaries and .
- Canvass Analytics raises $6.5M for industrial AI: , maker of a no-code AI platform for manufacturers, said Wednesday that it has raised $6.5 million in a Series A funding round led by , the investment arm of . Existing investors , , EDC and also participated. Canvass has now raised $13 million in venture funding to date, . The startup said the latest funding will be used to expand its go-to-market efforts, accelerate product development and support its customer base of large global enterprises in the North America, Europe and Asia Pacific markets.
- Enso Security secures $6M: , an Israeli startup focusing on application security posture management, announced $6 million in seed funding led by , with participation from , and a group of investors in the security space.
- Finmark banks on $5M: , providing financial planning and modeling software for startups, said it raised $5 million in seed funding in an oversubscribed round. was the lead investor, joined by and , alongside more than 30 prominent angel investors. A startup itself, the Raleigh, North Carolina-based company was part of ’s Summer 2020 cohort.
- SINAI Technologies raises $3.8M: , which says it has the world’s first decarbonization software platform, announced a $3.8 million seed funding round led by . The San Francisco-based startup said its enterprise software platform can be used by companies to guide and speed up their efforts to decarbonize. Other investors that participated in the seed round include , and the founders of and .
M&A
• Alcohol and cannabis platforms combine: Alcohol delivery and logistics platform has merged with , a vertically integrated cannabis delivery and retail platform, under a newly formed holding company called Pacific Consolidated Holdings Group Inc. (PCH). The deal between the Los Angeles-based companies “marks the first of several transactions on the horizon for PCH, whose objective is to scale best-in-class vertically integrated vice platforms, with a focus on e-commerce, delivery logistics and cross industry behavioral insights,” according to an announcement from the newly formed company. Terms of the deal were not disclosed. Saucey had raised a total of $10.2 million in funding, per ¸½½üÉÏÃÅ data. PCH was formed in partnership with The Inception Companies and Saucey co-founders CEO and COO , who now serve as PCH’s management team.
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