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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Stockholm’s Kry picks up $317M for telehealth
Founded in 2015, Kry previously raised around $252 million in funding, per Crunchbase data. The latest financing follows a period of sharp growth for Kry, which reportedly saw business double in 2020.
— Joanna Glasner
Current raises $220M for mobile banking: Mobile banking provider Current has raised $220 million in a Series D round led by Andreessen Horowitz. The financing reportedly sets a $2.2 billion valuation for the 6-year-old, New York-based company.
Clio gets $110M for legal tech: Clio, a Vancouver-based provider of cloud-based tools for law firms to use in running their practices, raised $110 million in a Series D funding round led by T. Rowe Price and OMERS Growth Equity.
— Joanna Glasner
Databook closes Series B led by M12: Palo Alto, California-based Databook raised a $16 million Series A funding led by M12 — Microsoft’s venture fund. The round also included participation from Salesforce Ventures1 and seed investors Threshold Ventures, Haystack and Firebolt. The company develops software to help sales people engage customers and track the progress of the sales cycle. The company realized 300 percent year-to-year growth and has now raised a total of $22 million to date.
— Chris Metinko
Fintech and e-commerce
Greenlight, Step bank big rounds: Greenlight Financial Technology and Step, both fintech companies focused on banking tools for children, raised significant rounds Tuesday. Atlanta-based Greenlight closed on $260 million in Series D funding, led by Andreessen Horowitz, to bring its total funding to more than $550 million and its valuation to $2.3 billion, up from $1.2 billion, the company said.
Palo Alto, California-based Step raised $100 million in a round of Series C funding led by General Catalyst and which includes a number of celebrity backers, including Jared Leto, Charli D’Amelio, The Chainsmokers, Will Smith and Jeffrey Katzenberg. The new funding brings the company’s total funding to just under $200 million, according to Crunchbase data.
Both companies are part of a growing trend of fintechs providing tools and education to children and parents to promote healthy saving habits. Crunchbase data shows that in the past five years, investors infused more than $535 million in known funding into these companies.
Placer and FlavorCloud raise rounds for e-commerce tools: Placer.ai, a Los Altos, California-based company developing location analytics and foot traffic data, raised $50 million in Series B funding. The round was led by Josh Buckley, Todd Goldberg and Rahul Vohra. Meanwhile, Seattle-based FlavorCloud, an e-commerce shipping and logistics company, announced a $6.3 million Series A investment round led by Mucker Capital to continue scaling and growing its cross-border transaction platform.
— Christine Hall
Sesame, CareStack, Impact Biosystems raise rounds: Direct-pay health care company Sesame, raised an additional $24 million to bring the New York-based company’s total capital raised to just under $50 million since its founding in 2019, according to the company. Giant Ventures, Industry Ventures and Coefficient Capital led the investment.
CareStack, based in Florida, closed on $22.5 million in funding to expand sales and marketing and to support its hiring in the U.S. and India. The company developed a cloud-based technology platform for the dental industry to manage all of their software and daily operations through one platform. Existing investors led the round, including Steadview Capital and Delta Dental.
Boston-based sports recovery company Impact Biosystems closed $4.5 million in seed funding co-led by Will Ventures and NextView Ventures. The company’s technology was developed for professional athletes to provide active recovery tools that track the users’ muscle profile and respond in real time to stimulate the recovery process.
— Christine Hall
DispatchHealth acquires Professional Portable X-Ray: Denver-based DispatchHealth, a provider of in-home medical care, announced its acquisition of mobile imagine provider Professional Portable X-Ray. Terms of the deal were not disclosed. The transaction adds six new states to DispatchHealth’s portfolio and enables imaging services in a patient’s home. The growing demand for home health care services is projected to value the market at $293.6 billion by 2026, according to Brandessence Market Research. DispatchHealth has raised a total of $403.2 million in known venture-backed funding, according to Crunchbase data.
— Christine Hall
Compass acquires Glide: Newly-public Real estate giant Compass announced plans to acquire startup Glide. Glide, a real estate transaction management platform, is backed by investors including Thomvest Ventures and Second Century Ventures and marks Compass’ third acquisition so far this year, per Crunchbase data. The tech-enabled real estate brokerage went public earlier this month, raising about $450 million through its IPO.
Illustration: Dom Guzman
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