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.
Veho raises $125M Series A for next-day delivery
Next-day delivery platform Veho raised $125 million in a Series A round of funding, the company announced Tuesday. Veho’s tech platform helps e-commerce brands get their products to their customers fast, and serves 14 markets in the United States. With the new funding, Veho will grow its team and expand into 50 markets in the U.S. by the end of 2022, according to a statement from the company. Veho’s Series A, which brings the company’s valuation to $1 billion, was led by General Catalyst.
— Sophia Kunthara
Tackle.io raises $100M for digital software marketplaces
Boise, Idaho-based Tackle.io said Tuesday that it raised a $100 million Series C funding round that brings its valuation to $1.25 billion. The funding was co-led by Coatue and existing investor Andreessen Horowitz, and included participation from Bessemer Venture Partners. The company operates a subscription platform that helps software providers sell through the cloud marketplaces offered by AWS, Azure, GCP and IBM/Red Hat.
Tackle.io’s latest funding comes nine months after it raised a $35 million Series B and brings its total funding to date to $148 million. David Schneider, general partner at Coatue, will also join Tackle’s board as an observer.
— Marlize van Romburgh
Oracle to buy Cerner
Oracle said Monday it plans to acquire medical records company Cerner. The $28.3 billion acquisition is Oracle’s biggest purchase ever, according to CNBC. Cerner, which went public in 2017, is based in Kansas City, Missouri.
— Sophia Kunthara
Illustration: Dom Guzman
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