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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Overtime lands $80M for sports media
Sports media startup Overtime has raised $80 million in a new funding round from backers including Bezos Expeditions, the entertainer Drake, Alexis Ohanian and several National Basketball Association players.
The Brooklyn-based company produces several sports-focused series’ as well as short-form content for streaming. The company says its content attracts over 1.5 billion views per month, with over 40 million followers across its platforms.
— Joanna Glasner
Funding rounds
GO Sharing picks up $60M for e-mopeds: GO Sharing, a Dutch startup operating a network of e-mopeds, raised 50 millon euros ($60 million). The company is reportedly gearing up to expand its offering by adding e-bikes and electric cars.
— Joanna Glasner
Riverside.fm raises $9.5M: Riverside.fm, an audio-video recording platform for broadcast media and podcasts, said Thursday that it raised a $9.5 million Series A led by Seven Seven Six, the firm founded by Alexis Ohanian. Riverside.fm’s platform allows users to record high-quality audio remotely without professional equipment, and dual HD recording and uploading from an iPhone app or web browser. The company, which was founded in March 2020, counts Disney, Fox Sports, and Hillary Clinton as customers.
— Sophia Kunthara
IPO
Confluent files confidentially: Mountain View, California-based Confluent announced it has filed confidentiality to go public. No other details of its potential offering were made public. The event-streaming platform has raised nearly $456 million to date, according to Crunchbase.
The company raised $250 million in its Series E last year, bringing the company to a $4.5 billion valuation. The new round was led by Coatue Management, with participation from new investors Altimeter Capital and Frank Templeton, along with existing investors Index Ventures and Sequoia Capital.
— Chris Metinko
Fintech and e-commerce
Tamara raises $110M: Saudi Arabia-based Tamara, a buy now, pay later startup, raised $110 million in both debt and equity for its Series A round led by Checkout.com. The round comes three months after inking a $6 million seed round.
Floyd bags $15M: Floyd, a Detroit-based furniture design brand, said it raised $15 million in Series B, through equity and debt, funding to expand its sustainable brand. Walden Ventures led the equity portion, with the debt coming from JPMorgan, the company said. Floyd intends to use the new funding to grow its product line, expand its supply network and technology development.
Cadence raises $12.5M, becomes Percent: Investing platform Cadence announced its rebranding to Percent and raising $12.5 million in Series A funding in a round co-led by White Star Capital and B Capital Group.
Till Financial banks $5M: Family financial tool Till Financial raised $5 million in new funding from a group of backers including Elysian Park Ventures. The Massachusetts-based company provides a bank account, digital and physical debit cards, and goal-based savings to enable children to become smarter spenders. Till joins a group of fintech startups focused on child-friendly financial tools and resources that are attracting capital. Crunchbase data shows that in the past five years, investors infused at least $535 million into these companies, and of that, $344 million was raised just in 2020.
You Go Natural raises $2M: Dallas-based direct-to-consumer headwrap brand You Go Natural closed a $2 million seed round led by Brand Foundry Venture Partners. The company intends to use the new funds to expand its Dallas production facility and grow its team from 38 people to more than 100. It is also investing in product development, including a line of waterproof swim turbans, which launch this summer.
— Christine Hall
Health care and insurtech
Medchart inks $17M: Dallas-based Medchart, a cloud-based health care information platform, raised $17 million in combined seed and Series A rounds led by Crosslink Capital and Golden Ventures. The company intends to use the new funds on product development and new hires.
Brella Insurance inks $15M: New York-based Brella Insurance announced $15 million in Series A funding round led by Brewer Lane Ventures to expand Brella’s modern supplemental health tool to employers nationwide. Since its inception in 2019, Brella has raised more than $22 million in venture-backed funding, according to Crunchbase data. Brella’s tech-enabled supplemental health insurance plan pays cash if policyholders are diagnosed with any of more than 13,000 conditions.
Seqster raises $12M: Health care data technology company Seqster PDM announced $12 million in Series A financing, led by OmniHealth Holdings, with additional investment from Takeda Digital Ventures and Anne Wojcicki. San Diego-based Seqster’s enables patients to engage with their health care data in real time, including electronic health records, pharmacy data, lab data, genomic data, fitness wearables data and social determinants of health.
PursueCare lands $7M: PursueCare, providing telehealth addiction treatment, announced an oversubscribed $7 million Series A2 capital raise to bring its total Series A round to just over $11 million. The round was led by OCA Ventures, Seyen Capital and Wasabi Investors.
— Christine Hall
Agriculture
Tortuga AgTech lands $20M: Tortuga AgTech secured $20 million in Series A funding led by Lewis & Clark AgriFood. The Denver-based company said this new round “makes Tortuga the biggest venture capital-backed agricultural harvesting robotics company in the world.” Tortuga builds robots that perform a variety of labor-intensive tasks on the farm, with an emphasis on harvest. Its initial robots were developed for strawberry production.
— Christine Hall
Public offerings
Brazil’s PicPay files for Nasdaq IPO: Brazil-based PicPay, provider of an online wallet app, filed to raise up to $100 million in an initial public offering on Nasdaq.
— Joanna Glasner
New funds
Endeavour Vision raises second fund: Growth-stage investor Endeavour Vision announced the closure of its Endeavour Medtech Growth II fund with $375 million in capital commitments. The fund will support medtech and digital health companies. To date, the firm has invested more than $500 million in 42 companies, 21 of which have exited via an acquisition or IPO.
Congruent closes second fund: Congruent Ventures, an early-stage venture fund focused on sustainable technologies, said it closed on its second fund totaling $175 million. The new fund gives the San Francisco-based firm $300 million of assets under management, which will target companies focused on climate technology. Congruent has already made seven investments from the fund, including Parallel Systems and MilkRun.
— Christine Hall
Enterprise software
Productboard lands Series C: San Francisco-based Productboard raised a $72 million Series C funding led by Tiger Global Management and with participation from existing investors Index Ventures, Kleiner Perkins, Sequoia Capital and Bessemer Venture Partners.
Productboard’s platform allows product teams to prioritize new features and innovations that customers want to see in a consolidated system of record. The company, which has more than 4,000 customers, has now raised $136.7 million, according to Crunchbase.
— Chris Metinko
Cybersecurity
Deep Instinct closes $100M Series D: New York-based cybersecurity company Deep Instinct raised a $100 million Series D led by funds and accounts managed from BlackRock, with participation from Untitled Investments, The Tudor Group, Anne Wojcicki and existing investors including Millennium, Unbound, Coatue Management and others. The company’s platform helps predict, prevent and analyze cyberattacks throughout the network. The new round brings the company’s total funding to $200 million.
— Chris Metinko
Illustration: Dom Guzman
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