Briefing

The Briefing: Hopin Lands $400M, Tytocare Raises $50M, 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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Hopin raises $400M at $5.65B valuation for virtual events platform

Virtual events platform provider Hopin pulled in $400 million in  a fresh financing round that sets a $5.65 billion valuation for the London-based company.

Andreessen Horowitz, General Catalyst and IVP led the financing for the 2-year-old startup, which has seen high growth amid the pandemic as demand for virtual gatherings has surged.

— Joanna Glasner

Health care

Tytocare lands $50M for remote exams: Tytocare, provider of a telehealth platform for AI-powered, on-demand remote medical examinations, announced it raised $50 million in an oversubscribed Series D extension round led by Insight Partners. The round sets a valuation for the New York-based company that’s more than doubled from 10 months ago.

— Joanna Glasner

Fintech

Unslashed Finance, ETHA Lend raise small rounds: London-based Unslashed Finance launched its insurance products for cryptocurrency assets with $2 million in funding from a group of investors that included Lemniscap and P2P Capital. The company’s insurance products cover significant risks from exchange and smart сontract hacks to validators slashing to stablecoin pegs and oracle failures.

Meanwhile, Shanghai-based ETHA Lend closed $1.6 million in seed funding led by Digital Finance Group, AU21 Capital and Privcode Capital. ETHA Lend, developing a yield optimizer protocol for the decentralized finance ecosystem, will leverage the funds to continue development on its protocol, which is expected to be released in the second quarter.

— Christine Hall

Manufacturing

Seebo raises $24M: Seebo, which enables manufacturing plants to reduce inefficiencies, as well as predict and prevent losses by using artificial intelligence, raised an additional $24 million in Series B funding led by Vertex Ventures.

— Christine Hall

Public offerings

Flipkart said to eye U.S. listing via SPAC:  Flipkart, the Walmart-owned Indian e-commerce giant, is exploring a U.S. public market listing through a deal with a blank-check firm, according to a Reuters report citing unnamed sources. At this point, however, a traditional stock market listing is much more likely, the report said.

— Joanna Glasner

New funds

Crypto.com raises $200M for venture arm: Crypto.com, a Hong Kong-based payments and cryptocurrency platform launched a venture firm, Crypto.com Capital, armed with $200 million to invest in crypto startups at the seed and Series A stage. The firm is led by Crytpo.com co-founder Bobby Bao. It intends to write checks between $100,000 and $3 million for seed rounds and from $3 million to $10 million for Series A rounds, the company said.

— Christine Hall

Illustration: Dom Guzman

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