Briefing Venture

The Briefing: Citrix Buys Wrike For $2.25B, Auto Startups Fuel Up With $5B In New Funding, Getir Lands $128M, 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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Citrix acquires Wrike for $2.25B

Digital workspace technology provider Citrix Systems has announced that it is acquiring Wrike, a provider of collaborative work management software, for $2.25 billion in cash.

Founded in 2006, San Jose-based Wrike currently employs more than 1,000 people. It is a portfolio company of private equity firm Vista Equity Partners.

In its announcement, Citrix forecasts that Wrike was poised for 30 percent stand-alone growth this year, with annual recurring revenue of between $180 million and $190 million.

Cruise, Rivian, Volta collectively raise nearly $5B

Tuesday was a big day for companies in the auto space. General Motors-owned self-driving car company Cruise raised $2 billion, electric vehicle startup Rivian raised $2.65 billion, and EV charging network startup Volta raised $125 million. Some large tech names came along with the fundings:  Microsoft invested in Cruise for the first time, and Amazon backed Rivian.

Large funding rounds for auto companies, especially electric vehicle ones, is a theme that’s carried over from 2020. Last year saw electric vehicle and self-driving car companies like Rivian and Waymo raise some of the largest funding rounds of the year.

Funding rounds

  • PPRO lands $180M: London-based PPRO, a provider of  local payment infrastructure for online commerce, reportedly raised $180 million in a funding round that pushes its valuation above the $1 billion mark.
  • Turkey’s Getir raises $128M: Istanbul-based Getir, a provider of on-demand deliveries, has reportedly raised $128 million in fresh funding as it gears up to launch its service in several new cities.
  • DeHaat inks $30M for agritech platform: India-based DeHaat, a technology-based platform offering end-to-end agricultural services to farmers in India, announced $30 million in Series C funding led by Prosus Ventures.
  • AgriWebb lands $23M to digitize livestock farming: Australia-based AgriWebb, which is developing a livestock management platform, is now valued at more than $77 million after raising $23 million in a Series B led by TELUS Ventures.
  • Trovata banks $20M for cash automation: San Diego-based Trovata.io, automating cash management with open banking, announced $20 million in Series A funding led by Wells Fargo Strategic Capital.
  • Conversa Health secures $20M for virtual health care: Conversa Health, a virtual care and triage platform, expanded its Series B financing to $20 million. The Series B round, first announced at $12 million in June, was co-led by Builders VC and  Northwell Ventures.
  • ChannelEngine raises 5 million euros for e-commerce: Amsterdam-based ChannelEngine, a marketplace integration platform for distributed e-commerce, secured 5 million euros ($6 million) in Series A funding led by INKEF Capital.
  • XP Health secures $5M for vision benefits: Palo Alto-based XP Health, an artificial intelligence-powered vision benefits platform for employees, raised $5 million in seed funding led by Valor Capital Group.

Illustration: Dom Guzman

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