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.
C2FO bags $140M to help companies access capital
Kansas City, Missouri-based C2FO closed a $140 million funding round led by Third Point Ventures, which also includes participation from Vista Credit Partners and Mubadala Capital. C2FO helps companies receive payments faster by connecting those in need of working capital with those who have excess working capital.
In a release, the company said it enabled $54.7 billion in accelerated payments to businesses globally last year.
The company, founded in 2008, has raised a total of nearly $538 million to date, according to Crunchbase data.
— Chris Metinko
Padoa raises $91M for workplace safety
Paris-based Padoa, a provider of tools to monitor employ health and safety, raised 80 million euros ($91 million) in a funding round led by Five Arrows Growth Capital.
Founded in 2016, Padoa currently has around 140 employees, per its website. Its focus is on occupational risk prevention. Previously, Padoa raised around $28 million in known funding, with startup studio Kamet as its main backer.
— Joanna Glasner
Zero Acre Farms lands $37M
San Mateo, California-based Zero Acre Farms, a developer of edible oils and fats made from fermentation, announced it has raised $37 million in a funding round led by Lowercarbon Capital and Fifty Years. The company pitches its product as a healthier and more environmentally friendly alternative to vegetable oils.
— Joanna Glasner
M&A
Gupshup acquires Knowlarity: Gupshup, developer of a conversational messaging platform for automating business conversations, announced it has acquired Knowlarity Communications, a provider of cloud telephony and contact center automation technology. The price wasn’t disclosed, but Bloomberg reports that Gupshup paid around $100 million for Knowlarity, which had previously raised $42.5 million in known venture funding.
— Joanna Glasner
Illustration: Dom Guzman
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