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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