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.
Zapp bags $200M for speedy grocery delivery
Zapp, a U.K.-based provider of fast grocery delivery services, raised $200 million in a Series B funding round led by Lightspeed Venture Partners and BroadLight Capital.
The financing brings total funding for the 2-year-old company to around $300 million, per Crunchbase data. Zapp plans to use the latest financing to beef up its presence in London and expand in other cities.
— Joanna Glasner
Skeleton Technologies lands $43M
Skeleton Technologies, an Estonian startup focused on supercapacitor and energy storage technology, announced that it raised 37.6 million euros ($43 million) in Series D3 funding led by Taavet Hinrikus.
— Joanna Glasner
Public offerings
More SPACs abandon IPOs: Special-purpose acquisition companies were all the rage in 2021, as a whopping 613 blank check IPOs raised over $144 billion, Renaissance Capital reports. But the space is slowing down this year, with at least 14 SPACs withdrawing their IPO paperwork, more than in all of 2021.
— Joanna Glasner
Illustration: Dom Guzman
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