Briefing

The Briefing: UiPath Files To Go Public, Robinhood Plans IPO Buying Feature, And More

The Briefing

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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UiPath files to go public

New York-based robotic automation processing company UiPath has filed its S-1 to go public. According to the document, the company saw its annual recurring revenue increase to $580.4 million for its fiscal year ended Jan. 31, compared to $351.4 million for its previous fiscal year. The company also realized revenue growth of 81 percent year to year, with revenue growing to $607.6 million from $336.2 million. Net losses for the company fell from $519.9 million in 2020 to $92.3 million in 2021.

The filing comes less than two months after the company raised a $750 million Series F at a post-money valuation of $35 billion. The round was co-led by existing investors Alkeon Capital and Coatue. The company has raised $2 billion to date, according to Crunchbase data.

— Chris Metinko

Fintech

Robinhood plans feature for buying IPOs: Robinhood is building a feature aimed at making it easier for users of its trading app to buy shares of companies going public, according to a Reuters report citing unnamed sources. Currently, amateur traders generally cannot buy into stock of a newly listed company until its shares start trading, which means they are not poised to profit from potential first-day pops.

— Joanna Glasner

Chainalysis reels in $100M for blockchain analytics: New York-based Chainalysis, a startup that makes blockchain data analytics, said Friday that it’s raised $100 million in a Series D round at a valuation of more than $2 billion. The round was led by cryptocurrency-focused investment firm Paradigm, with participation from Salesforce 1 CEO Marc Benioff, who invested through his investment fund Time Ventures. Return investors Addition and Ribbit Capital also participated. The Series D valuation is double the startup’s valuation at its Series C in November 2020, when it raised $100 million.

— Marlize van Romburgh

Public markets

WeWork reportedly planning to merge with SPAC: Co-working provider WeWork is planning to go public through a merger with a blank-check acquirer, according to a report in The Wall Street Journal citing unnamed sources. The planned merger would be with a SPAC called BowX Acquisition Corp. and would reportedly value WeWork at $9 billion including debt.  The deal would also include a $1.3 billion fundraising, with $800 million coming from a private investment in public equity, or PIPE, deal. (Read more here.)

— Joanna Glasner

Funding rounds

DotPe pulls in $27.5M to digitize businesses: Gurgaon, India-based DotPe, a provider of tools for brick-and-mortar merchants to add digital technology-enabled features to their businesses, said it raised $27.5 million in a Series A funding round led by PayU.

— Joanna Glasner

Illustration: Dom Guzman


  1. Salesforce Ventures is an investor in Crunchbase. It has no say in our editorial process. For more, head here.

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