Briefing

The Briefing: Revolut Raises $800M, Teikametrics Lands $40M, And More

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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Revolut raises $800M

London-based fintech unicorn Revolut raised $800 million in a Series E funding round backed by Softbank Vision Fund 2 and Tiger Global.

The financing sets a $33 billion valuation for the 7-year-old company, which will use the money in part to expand its offerings to U.S. customers and to branch out into India and other international markets.

Revolut offers a financial app that people can use for money transfer, exchange and other tasks. The company previously raised just over $900 million in known funding, per Crunchbase data.

Teikametrics lands $40M

Boston-based Teikametrics, a provider of e-commerce optimization software, raised $40 million in a fresh Series B funding round.

Funding round

SecurEnds picks up $21M: Atlanta-based SecurEnds, a provider of identity governance and access control technology, announced that it raised $21 million in a Series A round led by Elephant.

— Joanna Glasner

Enterprise software

Netradyne closes $150M Series C: San Diego-based Netradyne raised a $150 million Series C led by SoftBank Vision Fund 2, with participation from existing investors Point72 Ventures and M12. Founded in 2015, the company has raised nearly $200 million to date.

Netradyne uses AI and edge computing to provide fleets with enhanced video safety cameras and performance analytics tracking to help reduce risky driving behaviors.

— Chris Metinko

Illustration: Dom Guzman

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