The Briefing: When I Work Lands $200M, Walden Catalyst Raises $550M Fund, 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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When I Work Raises $200M For Hourly Workers

Minneapolis-based When I Work, provider of a platform for hourly workers and their employers to share, plan and track work schedules, has reportedly raised $200 million in a growth funding round backed by Bain Capital.

The company says its apps are currently used by more than 200,000 businesses. Users to date represent over 1 million individual workplaces, serving more than 10 million employees, according to When I Work.

Founded in 2010, the company previously raised at least $24 million in known funding and is currently profitable.

— Joanna Glasner

Walden Catalyst raises $550M fund

Venture firm Walden Catalyst announced it raised $550 million for a new fund that will focus on early-stage deep-tech investments focused on data and AI across the U.S., Europe and Israel. Managing partners Lip-Bu Tan and Young Sohn will lead the team.

— Joanna Glasner

Lever pulls in $50M Series D

San Francisco-based human resource-tech platform Lever closed a $50 million Series D with the Apax Digital Fund. Lever’s platform provides talent acquisition departments with applicant tracking systems and candidate relationship management capabilities. The founding comes as companies are reporting more and more difficulty hiring and retaining employees.  Founded in 2012, the company has raised nearly $123 million, according to Crunchbase data.

— Chris Metinko

Fintech

Expensify sets terms for IPO: Expensify, a provider of receipt and expense tracking and other financial tools, plans to pull in $234 million in its initial public offering, according to a new filing. The company set a price range of $23 to $25 per share, which would set an initial valuation around $2.4 billion.

— Joanna Glasner

Illustration: Dom Guzman