Briefing

The Briefing: Zapp Bags $200M, Skeleton Raises $43M, 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.

Zapp bags $200M for speedy grocery delivery

Zapp, a U.K.-based provider of fast grocery delivery services, raised $200 million in a Series B funding round led by Lightspeed Venture Partners and BroadLight Capital.

The financing brings total funding for the 2-year-old company to around $300 million, per Crunchbase data. Zapp plans to use the latest financing to beef up its presence in London and expand in other cities.

— Joanna Glasner

Skeleton Technologies lands $43M

Skeleton Technologies, an Estonian startup focused on supercapacitor and energy storage technology, announced that it raised 37.6 million euros ($43 million) in Series D3 funding led by Taavet Hinrikus.

— Joanna Glasner

Public offerings

More SPACs abandon IPOs: Special-purpose acquisition companies were all the rage in 2021, as a whopping 613 blank check IPOs raised over $144 billion, Renaissance Capital reports. But the space is slowing down this  year, with at least 14 SPACs withdrawing their IPO paperwork, more than in all of 2021.

— Joanna Glasner

Illustration: Dom Guzman

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