Briefing

The Briefing: FTX Raises $400M, o9 Solutions Hits $2.7B Valuation, 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.

FTX raises $400M for crypto exchange

Cryptocurrency exchange FTX raised $400 million in a funding round from investors including SoftBank  and Singapore’s Temasek Holdings.

The financing sets an $8 billion valuation for the company, which allows users to trade a variety of digital assets like Bitcoin, Ethereum, Solana and Dogecoin.

— Joanna Glasner

o9 Solutions closes $295M round at $2.7B valuation

Dallas-based o9 Solutions received a $295 million equity investment from General Atlantic, Generation Investment Management and existing investor KKR. The round values the company—a cloud-based business management platform that helps clients with planning and operations—at $2.7 billion. The company reached a $1 billion valuation in April 2020 after an investment led by KKR.

— Chris Metinko

CaptivateIQ scores $100M

CaptivateIQ, a provider of commission management tools for sales teams, raised $100 million in a Series C round led by Accel, Sequoia Capital and ICONIQ Growth. The round reportedly sets a valuation of $1.25 billion for the San Francisco-based company.

— Joanna Glasner

M&A

Cazoo acquires brumbrum: U.K.-based online car-buying marketplace Cazoo announced it is acquiring Milan-based brumbum, a provider of vehicles for sale, finance or subscription for delivery across Italy. Cazoo is paying 80 million euros ($90 million) in a mix of cash and shares to purchase the company.

— Joanna Glasner

Illustration: Dom Guzman

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