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.
PE firm TPG lists at a $9B valuation
San Francisco-based private equity firm TPG raised $1 billion in its public debut valuing the company at $9 billion. It is the first U.S. listing in 2022, and is trading on Nasdaq under the ticker symbol TPG. The firm invests across five areas; capital, growth, impact, real estate and market solutions, and has $109 billion in assets under management, according to its announcement.
— Gené Teare
Flipdish picks up $100M for online ordering
Flipdish, provider of a platform for food purveyors to offer branded online ordering, raised $100 million in a Series C funding round.
Tencent led the financing, which sets a valuation of over $1.25 billion for the 7-year-old company. The deal follows a $48.5 million investment from Tiger Global Management in February 2021. The latest investment will be used to grow global operations, fund R&D and support new customers like hotels, stadiums, movie theaters, and airports.
— Joanna Glasner
Funding rounds
Lead School lands $100M: Mumbai-based Lead School, which provides technology to schools with a focus on digital learning, raised $100 million in a Series E round backed by GSV Ventures and Westbridge Capital. The financing pushes the 10-year-old company’s valuation into unicorn territory.
— Joanna Glasner
Observable raises $35.6M: Observable, provider of a data visualization platform for enterprises, announced it raised $35.6 million in a Series B funding round led by Menlo Ventures. Existing investors Sequoia Capital and Acrew Capital also participated in the round.
— Joanna Glasner
Illustration: Dom Guzman
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