The Briefing: Nextdoor Going Public Via SPAC, ManoMano Raises $355M, And More

Illustration of CB reporters working.

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.

Subscribe to the Crunchbase Daily

NextDoor To Go Public Via SPAC

Nextdoor, the social network known for connecting neighbors, said Tuesday that it planned to go public through a special purpose acquisition company formed by Khosla Ventures. The deal, which is valued at $4.3 billion, follows another Khosla Ventures-backed SPAC merger. Khosla Ventures Acquisition Co. said last month that it would be merging with Valo Health to bring the latter company public.

–Sophia Kunthara

ManoMano raises $355M for home improvements

Paris-based ManoMano, an online marketplace for home improvement, DIY and gardening products, raised $355 million in a Series F round led by Dragoneer Investment Group.

Founded in 2013, the company previously raised $350 million in known funding, per Crunchbase data. ManoMano says its marketplace currently lists more than 4 million products across 6 countries : France, Belgium, Italy, Spain, Germany and the United Kingdom.

Denmark’s Pleo lands $150M for company cards

Copenhagen-based Pleo, a provider of payment cards for companies and employees, raised $150 million in a funding round led by Bain Capital Ventures and Thrive Capital.

The financing sets a valuation of $1.7 billion for the 6-year-old company, which markets its “smart company cards” as a way to automate expense reports and simplify spending. Currently, the company operates in several European countries, with plans to use the funding to boost usage.


Didi shares plummet: Shares of Chinese ride-hailing giant Didi Chuxing fell sharply after China announced that new users in the country would not be able to download the app while it conducts a cybersecurity review of the company. Shares were down around 20 percent in pre-market trading Tuesday, less than one week after the company carried out its massive NYSE IPO.

— Joanna Glasner

Real Estate

Blend Aims To Raise $360M Through IPO: Mortgage lending digital platform Blend said in a filing Tuesday that it intends to price its shares between $16 and $18 for its upcoming IPO. At that range, the company would raised up to $360 million through the offering, giving Blend Labs a valuation of almost $4 billion. The company, which filed a confidential S-1 with the SEC in April, is backed by investors including Coatue and Tiger Global Management.

–Sophia Kunthara


Deep Instinct secures $67M: New York-based cybersecurity firm Deep Instinct received an additional $67 million as part of its recently announced Series D from Chrysalis Investments. In April, the company announced it had received $100 million led by Blackrock, with participation from Untitled Investments, The Tudor Group, Millennium, Unbound and Coatue Management.

The new equity investment brings Deep Instinct’s total funding to $240 million, Chrysalis said.

Deep Instinct uses deep learning to offset potential “zero-day” attacks — similar to the Kaseya ransomware attack that came to light this weekend. The company’s platform focuses on prediction and threat prevention.

— Chris Metinko

Illustration: Dom Guzman

Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.



Find the right companies, identify the right contacts, and connect with decision-makers with an all-in-one prospecting solution.

Copy link