Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
Subscribe to the Crunchbase Daily
Solo.io Lands $135M
Cambridge, Massachusetts-based Solo.io, a provider of application networking technology, announced it has raised $135 million in a Series C round.
Altimeter Capital led the financing, with participation from existing investors Redpoint Ventures and True Ventures. The round brings 4-year-old Solo.io’s total funding raised to $171.5 million.
— Joanna Glasner
BP acquires Blueprint Power
U.K.-based energy giant BP announced it has acquired New York-based Blueprint Power, a startup developing technology to turn commercial buildings into flexible power assets that generate, store and trade renewable energy. Terms were not disclosed. BP said it plans to rapidly scale the firm, aiming to triple its renewable power output in 2022.
— Joanna Glasner
Mobile gaming
Zynga buys StarLark: Gaming company Zynga said Thursday that it closed its acquisition of mobile game developer StarLark for $525 million. StarLark, which was owned by Betta Games, developed the mobile golf game Golf Rival. The acquisition of StarLark grows San Francisco-based Zynga’s international footprint with a new China-based studio, according to a statement from the company.
–Sophia Kunthara
Healthtech
iFit postpones IPO: iFIT Health & Fitness, which sells connected home fitness equipment and class subscriptions, postponed its IPO, citing adverse market conditions. It had filed to raise around $600 million by offering 30.8 million shares at a price range of $18 to $21.
— Joanna Glasner
Illustration: Dom Guzman
Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.
67.1K Followers