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.

Owl Ventures raises $585M for edtech

, a San Francisco-based VC firm focused on education technology, announced it has closed a pair of funds totaling $585 million.

Owl Ventures IV is a $415 million fund which will be used to invest in edtech startups at Series A and beyond. The firm also launched a $170 million聽 opportunity fund that will make growth-stage investments in existing portfolio companies.

The fundraising comes as the edtech space remains red-hot in 2020, with roughly $4.1 billion invested in the sector between January and July, per 附近上门 data.

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Funding rounds:

• PicnicHealth picks up $35M for medical research and records: , the San Francisco-based venture-backed startup that enables patients to access their medical records and contribute to scientific research, announced $35 million in equity financing, including a new $25 million Series B led by , and a previously-unannounced $10 million Series A led by in 2018.
• LunchClub lands $24.2M to make virtual connections: , which matches professionals and facilitates virtual meetings, recently raised $24.2 million at a valuation above $100 million in a round led by and . [Read more: ]
• InCountry gets $18M for SaaS data storage: , a startup that helps companies comply with local data regulations when adopting SaaS products, raised $18 million in an extension of its Series A round. The latest funding was led and Abu Dhabi-based , with participation from new investor and previous investors , , , and . [Read more: ]
  
• InfoSum raises $15M for data-sharing: , a London startup that has built a way for decentralized architecture for organizations to securely share their data with each other, raised $15.1 million in a Series A round led by and .
• Cosmose AI lands $15M to analyze shoppers: , a startup that analyzes mobile location data to predict and influence how people shop offline, announced it has raised $15 million in a Series A investment round that sets a valuation for the company in excess of $100 million. Tiga Investments, and led the financing.
• Acerta Analytics closes $7M for automative intelligence: Canada-based automotive intelligence startup said it closed on a $7 million round of Series A funding led by , with participation from , , , EDC and .
• Dorian secures $3.25M for interactive fiction: , a San Francisco-based platform that helps writers turn their fictional stories into interactive visual games, announced it raised $3.25 million in a seed funding led by , with participation from , , , , and .
• Chromologics lands $2.3M for natural food colorants: , a Danish startup developing natural food colorants, secured $2.3 M in seed financing led by and supported by and . If you鈥檙e into foodtech, check out today鈥檚 story on Climax Foods鈥檚 seed round.

M&A:

Dialpad acquires Highfive

, a cloud-based business communications platform, announced it acquired video conferencing company . Terms of the deal were not disclosed.

This is San Francisco-based Dialpad鈥檚 second acquisition since acquiring in 2018. The company, founded in 2011, has raised a total of $120 million in venture-backed funding from investors including , , and , according to 附近上门 data. Redwood City, California-based Highfive was founded in 2012 and has raised $77.4 million in venture-backed funding to date from a group of investors including , and .

In discussing the deal, Zeus Kerravala, principal analyst at , said in a written statement that the acquisition 鈥渕akes perfect sense as businesses will have people working remotely for years to come.鈥�

鈥淗ighfive gives Dialpad a cloud-native, open video platform that brings together desktop conferencing with smart meeting room connectivity, as well as video interoperability with other SIP-enabled video platforms,鈥� he added.

Gong acquires Vayo

Revenue intelligence startup announced on Tuesday that it bought , a company that focuses on data analytics for sales teams. The news of the acquisition comes a couple weeks after Gong raised a $200 million Series D, making it a unicorn with a $2.2 billion valuation.

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