The Briefing: Becomes Europe’s 2nd Most Valuable Decacorn, TravelPerk Picks Up $115M, And More

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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. raised $1B at $40B valuation, a payment processor that improves the checkout experience, has raised $1 billion in a Series D funding that values the company at $40 billion. is the second-most highly valued private company in Europe after buy now, pay later processor Klarna

It last raised funding a year ago, a $450 million Series C in January 2020, which valued the company at $15 billion.

Investors in this round include Altimeter, Dragoneer, Franklin Templeton, GIC, Insight Partners, the Qatar Investment Authority, Tiger Global and the Oxford Endowment Fund. The new funding will be focused on the U.S. market expansion, Web3 applications and marketplace payments. The company has 1,700 employees across 19 countries. 

—  Gené Teare

TravelPerk picks up $115M

Barcelona-based TravelPerk, provider of a booking and expense management platform for business travelers, added $115 million to its Series D round.

General Catalyst and existing investor Kinnevik co-led the latest financing. It is an addition to the $160 million Series D funding round the company announced in April and sets a valuation of over $1.3 billion for the 7-year-old company.

— Joanna Glasner lands $100M, developer of software for tracking and analyzing retail foot traffic, raised $100 million in a fresh funding round led by Product Hunt CEO Josh Buckley at a reported valuation of over $1 billion.

— Joanna Glasner

Funding rounds

Envoy Secures $111M Series C at $1.4B valuation: San Francisco-based Envoy, which helps companies with the day-to-day scheduling of flexible workspaces, raised a $111 million Series C funding led by Brookfield Growth, with participation from existing investors Menlo Ventures, Andreessen Horowitz, Initialized Capital and Haystack, and new investors BAM Elevate, Seven Seven Six, TriplePoint Capital, Elad Gil and others. The new round values the company at $1.4 billion.

Founded in 2013, the company has now raised more than $170 million, according to Crunchbase data.

— Chris Metinko

Second Nature AI raises $12.5M: Second Nature AI, an Israeli startup that offers sales coaching software involving AI-enabled simulation scenarios, raised $12.5 million in a Series A funding round  backed by signals Venture Capital, StageOne Ventures, Cardumen Capital and the Zoom Apps Fund.

— Joanna Glasner

Illustration: Dom Guzman

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