Briefing

The Briefing: Traveloka Eyes $5B SPAC Deal, SnackMagic Lands Series A, 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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Indonesia’s Traveloka said to eye $5B SPAC deal

Indonesia-based online travel booking platform Traveloka is in advanced talks to go public through a merger with a blank-check acquirer, according to a Bloomberg report citing unnamed sources.

The company is reportedly seeking to merge with Bridgetown Holdings Ltd., a SPAC backed by billionaires Richard Li and Peter Thiel. The deal could value the travel company at around $5 billion.

Founded in 2012, Traveloka has raised at least $1.2 billion in known funding, per Crunchbase data.

— Joanna Glasner

Funding round

SnackMagic picks up $15M: SnackMagic, a service for building your own snack box, has reportedly raised $15 million in a Series A round led by Craft Ventures. The company markets its offering as a potential work-from-home employee perk, a sales prospecting tool, or a gift.

Abzu lands $6M for AI: Abzu, a Danish startup developing AI-based software for use cases including predictions and modeling, raised $6 million in a seed funding round led by Denmark’s Seed Capital and PreSeed Ventures, and Finland’s Inventure.

— Joanna Glasner

Illustration: Dom Guzman

 

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