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.
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E-commerce accelerator Pattern sews up $225M
Lehi, Utah-based Pattern, provider of an accelerator platform for brands to scale faster on major online marketplaces, raised $225 million in funding from growth investor Knox Lane.
Founded in 2013, Pattern says it is profitable, with a current operation of more than 900 employees across 18 countries supporting more than 100 global brands. The company works with brands listing on marketplaces including Amazon, Walmart.com, Target.com, eBay, Tmall, JD and MercadoLibre.
— Joanna Glasner
Huboo lands $82M
Bristol, U.K.-based Huboo, a provider of fulfillment services for e-commerce sellers, raised £60 million ($82 million) in a Series B round led by Mubadala Capital. The 4-year-old company, which saw revenue climb 10x in 2020, said it plans to use the funds to expand across continental Europe.
— Joanna Glasner
Artificial intelligence
Aquant picks up $70M: New York-based Aquant, a provider of AI-enabled software for service industry teams, announced that it has raised $70 million in a Series C funding round led by Qumra Capital, Insight Partners and Pitango. The financing brings total funding to date for the 5-year-old company to $110 million.
— Joanna Glasner
Data analytics
NeuroBlade secures $83M: Israel-based NeuroBlade raised an $83 million Series B funding led by Corner Ventures. The company, which has developed a data analytics architecture that helps eliminate data bottlenecks, has now raised a total of $110 million. The new money will be used to expand the company’s engineering teams and build out its sales and marketing teams.
— Chris Metinko
Illustration: Dom Guzman
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