Briefing

The Briefing: Creditas Hits $4.8B Valuation, Plenty raises $400M, 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.

Creditas raises $260M at $4.8B valuation

São Paulo-based Creditas a consumer lending startup operating across Latin America, announced that it raised $260 million in a Series F funding at a valuation around $4.8 billion.

A long list of new and existing investors backed the round, with Fidelity Management and Research Co. taking a new stake as a key shareholder, per Creditas.

Creditas said it will use the funding to accelerate growth in three areas: Home, auto and employee benefits.

— Joanna Glasner

Plenty raises $400M for vertical farming

South San Francisco, California-based indoor vertical farming startup Plenty secured a $400 million Series E led by new investors One Madison Group and JS Capital. The round also included participation from strategic partner Walmart and existing investor SoftBank Vision Fund 1. The company’s indoor farming platform allows multiple crops to grow with vertical towers.  Founded in 2014, the company has now raised $940 million to date, according to Crunchbase data.

— Chris Metinko

Dremio lands $160M for data lake technology

Santa Clara, California-headquartered Dremio, a  provider of data lake technology enabling faster analytics and access to data, reportedly raised $160 million in a Series E funding round led by Adams Street Partners.

— Joanna Glasner

Sequoia Capital India announces latest version of accelerator program

Sequoia Capital India has launched its sixth version of its accelerator program Surge in Southeast Asia and India, showcasing 20 early-stage startups with funding totalling $60 million. The Surge platform gives startups support along with $1 million to $2 million in capital. Since launching three years ago, the platform has evaluated 10,000 companies and now includes 246 founders from 112 startups across more than 15 sectors.

— Chris Metinko

Funding rounds

Sylvera snags $32.6M for carbon ratings: London-based Sylvera, a carbon offset ratings provider, announced it has raised $32.6 million in Series A funding co-led by Index Ventures and Insight Partners. The round brings Sylvera’s total funding to $39.5 million since its inception in 2020.

— Joanna Glasner

Illustration: Dom Guzman

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