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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Human Interest raises $200M at unicorn valuation, preps for IPO
Human Interest, a startup that provides employee 401(k) plans to small and medium-sized businesses, raised $200 million in a Series D funding round and hired former Personal Capital CFO Mike Armsby in preparation for an IPO.
The Series D was led by The Rise Fund, TPG’s impact investing platform, and joined by SoftBank Vision Fund 2.
The latest round, six months after Human Interest’s Series C, was at a $1 billion valuation, the company said.
New investor Crosslink Capital and existing investors including NewView Capital, Glynn Capital, U.S. Venture Partners, Wing Venture Capital, Uncork Capital, Slow Capital and Susa Ventures also participated.
FullStory raises $103M at $1.8B valuation
Atlanta-based FullStory, a digital experience analytics platform, raised just over $100 million in Series D funding at a $1.8 billion valuation. Permira led the financing, joined by FullStory’s existing investors.
Apax merges three tech providers to nonprofits into $2B company
Private equity firm Apax announced that it has merged three companies providing technology to nonprofits into a single entity.
The merger includes one existing portfolio company, CyberGrants, a provider of employee engagement, grants management and corporate social responsibility software that Apax acquired in June. Apax said it has reached agreements to acquire EveryAction, a provider of fundraising software, from Insight Partners, and Social Solutions, a provider of case management software, from Vista Equity Partners.
The combined company will have an enterprise value of $2 billion.
• Yellow.ai lands $78M: San Francisco-based yellow.ai, a customer experience automation platform, raised $78 million in a Series C round led by WestBridge Capital. The company’s platform allows enterprises to build chatbots and voice bots in over 100 languages to automate functions like customer support, customer engagement and employee experience.
— Joanna Glasner
• Email app Superhuman closes $75M round: San Francisco-based email startup Superhuman has closed a new $75 million round led by IVP, with participation from Tiger Global and several individual investors. Founded in 2014, the company has now raised $126 million in total funding. Superhuman tries to make email faster, allowing messengers to undo sent messages, send follow-up reminders, and schedule meetings faster. The company plans to use the new funding to bring its product to more platforms — it currently works with Gmail and iOS — and expand into the enterprise sector. The company also announced new integrations with companies such as Grammarly, HubSpot and Salesforce.1
— Chris Metinko
Craft announces two new funds: San Francisco-based venture firm Craft announced the closing of two new funds — its $612 million Craft Ventures III, as well as its $510 million Craft Ventures Growth I, the firm’s first growth fund.
The company will use the new funds to continue to invest in both early-stage and growth-stage SaaS and marketplace companies. Some unicorns the firm has backed in the past include Pipe, Reddit and SpaceX.
Craft now has $2 billion of total assets under management.
— Chris Metinko
Illustration: Dom Guzman
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