Briefing

The Briefing: SecurityScorecard Raises $180M, Yotpo Earns Unicorn Status, 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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SecurityScorecard raises $180M

SecurityScorecard, developer of a platform for predicting and remediating security risks, announced that it raised $180 million in a Series E funding round backed by a long list of new and existing investors.

The financing reportedly sets a valuation of close to $1 billion for the New York-based company, which has seen sharp growth. Currently, it says that nearly 2 million organizations are monitored and rated by SecurityScorecard daily.

With the latest round, the 8-year-old company has raised a total of over $290 million to date.

— Joanna Glasner

Yotpo earns unicorn status following $230M Series F

E-commerce marketing platform Yotpo said it raised $230 million in a Series F funding led by Bessemer Venture Partners and Tiger Global. This latest round gives the New York-based company a valuation of $1.4 billion, the company said.

The new funding comes seven months after Yotpo announced a $75 million Series E funding round, also led by Bessemer. In total, the company has raised $406 million in known funding since its inception in 2011, according to Crunchbase data.

Yotpo developed a commerce marketing cloud with advanced tools for customer reviews, visual marketing, loyalty and referrals, and said it reached $100 million annual recurring revenue. The new funds will go toward doubling its product and R&D teams to roll out a full platform experience.

— Christine Hall

Public offerings

Gain Therapeutics prices IPO: Gain Therapeutics, developer of small, molecule-based therapeutics, priced shares for its Nasdaq IPO at $11 each, the midpoint of the proposed range. The offering raised $40 million for the Bethesda, Maryland-based company.

— Joanna Glasner

SPACs

Offerpad to go public via SPAC: Real estate tech company Offerpad announced Thursday that it intends to go public by merging with the special purpose acquisition company Supernova Partners Acquisition Co., which is led by Zillow co-founder Spencer Rascoff. Arizona-based Offerpad, which operates a platform for people to quickly buy and sell homes online, projects generating $1.4 billion in revenue this year. The company is expected to have a post-transaction valuation of $3 billion.

— Sophia Kunthara

Security

Fireblocks lands $133M for crypto infrastructure: Fireblocks, which provides infrastructure for moving, storing and issuing digital assets, raised $133 million in a Series C funding round led by Coatue, Ribbit Capital and Stripes.

— Joanna Glasner

FORT Robotics locks in $13M round: Philadelphia-based FORT Robotics has closed $13 million in funding led by Prime Movers Lab. The company’s platform helps secure autonomous machines from cybersecurity attacks. Last year, the company had more than 100 customers in industries such as warehousing, construction, agriculture, manufacturing and transportation. The company plans to use the new money to double its workforce and add product offerings.

— Chris Metinko

Enterprise Software

Act-On Software adds $20M in equity and debt: Portland-based Act-On Software, a marketing automation platform developer, closed a $20 million financing round from existing investors U.S. Venture Partners, Technology Crossover Ventures, Norwest Venture Partners, Voyager Capital, founder Raghu Raghavan and new investor Beedie Capital. The funding round is a mix of both equity and debt. Prior to this raise, the company had received $73.5 million in total funding, according to Crunchbase.

— Chris Metinko

Fintech

CreditShop rebrands as Mercury Financial: Austin-based CreditShop secured $100 million in incremental capital to support acquisition of new card accounts and expansion of its platform targeting near-prime customers. In addition, the company changed its name to Mercury Financial. The company, which touts itself as the “largest non-bank credit card company in the U.S.,” was acquired in 2017 by Värde Partners. The Mercury Mastercard boasts 600,000 U.S. cardholders, extended $2.5 billion in lines of credit, and processed more than $3 billion in purchase volume.

Pollinate gains $50M: London-based Pollinate, a software business that partners with banks to enable them to create data-driven experiences for business customers, announced a $50 million Series C funding round led by Insight Partners. Funds will be deployed into global expansion, including a move into North America, as well as into product development. Banks using Pollinate are able to offer businesses a one-stop shop for accessing capital, taking payments, setting up rewards programs, marketing tools and insights.

— Christine Hall

Health care and wellness

Even inks $1.5M: Denver-based wellness startup Even raised $1.5 million in seed funding led by Align Ventures, Spring Street Group and GAN Ventures, to develop a nutrition repletion therapy. The company’s first three products targeting birth control, antidepressants and statins, work to prevent daily side effects of common medications. Even is available via subscription on a monthly or quarterly basis, starting at $35.

— Christine Hall

Illustration: Dom Guzman

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