The Briefing: Zomato Files For IPO, Boundless Bio Raises $105M, And More

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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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India’s Zomato Files For IPO

Gurgaon, India-based food delivery service Zomato has filed to raise up to $1.1 billion in an initial public offering of shares to list on Indian stock exchanges NSE and BSE.

Founded in 2008, Zomato has previously raised at least $2.1 billion in known funding, per Crunchbase data.  Major backers include Ant Group, Tiger Global Management and Kora.

Between April and December 2020, Zomato reportedly pulled in $183.6 million in revenue, paired with a loss of $91.8 million.

— Joanna Glasner

Funding rounds

Boundless Bio lands $105M: San Diego-based Boundless Bio, a precision oncology company developing therapeutics directed against extrachromosomal DNA (ecDNA) in aggressive cancers, raised $105 million in a Series B financing led by RA Capital Management and Nextech Invest.

Caresyntax raises $100M: Boston-based Caresyntax, developer of a digital surgery platform, raised $100 million in a Series C funding round led by PFM Health Sciences. The company uses AI-enabled software to analyze large volumes of real-world data in and around the operating room to deliver insights that can be used by the care team.

— Joanna Glasner

Alchemy raises $80M: Blockchain developer platform Alchemy raised $80 million in a Series B round, the company announced Wednesday. Coatue and Addition led the round, which brought the company’s valuation to $500 million. Notably, Alchemy is behind the major NFT platforms, including OpenSea and and CryptoPunks, which have gained popularity in recent months alongside the surge in interest in NFTs.

— Sophia Kunthara 

Health care

Outcomes4Me raises $12M: Cambridge, Massachusetts-based Outcomes4Me, developing an artificial intelligence-powered cancer care management platform, announced $12 million in an oversubscribed Series A round led by Northpond Ventures. The new funding will be used to extend the platform’s use cases beyond breast cancer, technology development and European expansion.

Take Command Health inks $12M: Dallas-based Take Command Health announced a $12 million Series A round of funding, led by LiveOak Venture Partners, to continue developing its  model of employer-sponsored health insurance.

UCM Digital Health closes $5.5M: UCM Digital Health closed on a $5.5 million Series A led by Armory Square Ventures. The Troy, New York-based company provides emergency telemedicine tools that integrate with payer or employer health plans to offer services, such as home testing, virtual primary care or virtual emergency treatment.

— Christine Hall


Warren secures $55M: Brazil-based fintech company Warren announced a $55 million Series C round led by GIC. The company, founded in 2017, is a broker and asset manager offering a flat-fee, goal-based investment platform. Warren intends to invest the new funding in hiring more employees and potential M&A targets.

Splitwise banks $20M: Providence, Rhode Island-based Splitwise, a cost-splitting app for friends and family, received $20 million in Series A funding led by Insight Partners. As of this month, more than $90 billion in total transactions were split on the Splitwise platform, the company said.

CollegeBacker changes name, inks $8.4M: CollegeBacker announced an $8.4 million round of funding, led by Crosslink Capital, as well as a name change to Backer. The San Francisco-based company enables users to set up a tax-free 529 account in which family and friends can contribute.

— Christine Hall

Clean tech

Sweep launches with $5M: Sweep, a Paris-based carbon-reduction company, launched its public beta with $5 million in seed funding. The company’s platform enables customers to unite employees and external partners to reach net zero carbon emissions. The round was led by New Wave, 2050 and La Famiglia.

— Christine Hall


EDITED acquires DynamicAction: London-based market intelligence platform EDITED announced it acquired DynamicAction, an internal retail analytics firm, to enable retailers to make better data-backed decisions. Terms of the deal were not disclosed.

— Christine Hall

Illustration: Dom Guzman

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