Briefing

The Briefing: Vinted Sews Up $303M, Bird Plans Public Offering, 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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Vinted sews up $303M for second hand clothes marketplace

Vinted, an online marketplace for second hand clothes, announced that it has raised $303 million in a funding round led by EQT.

The Series F investment sets a pre-money valuation of $4.24 billion for the 13-year-old company, which is headquartered in Vilnius, Lithuania, where it was founded.

Vinted operates in several European countries, the U.K., and the U.S. With the new funding round, it has raised a total of $563.7 million in known funding, per Crunchbase data.

— Joanna Glasner

Public Offerings

Better to go public via SPAC: Digital mortgage lender Better said this week that it will go public by merging with special purpose acquisition company Aurora Acquisition Corp. in a $7.7 billion deal. Better offers real estate title, mortgage and home insurance products through its platform. The New York-based company is backed by investors including SoftBank and L Catterton.

–Sophia Kunthara

Bird to go public via SPAC: Electric scooter company Bird said Wednesday that it plans to start trading on the New York Stock Exchange after merging with the SPAC Switchback II. The deal values Bird at $2.3 billion, according to dot.LA . Bird, one of the major players in the world of e-scooters, has rapidly grown in its four years of existence and raised money from firms including Sequoia Capital and Index Ventures.

–Sophia Kunthara

Funding rounds

London’s Lyst lands $85M: Fashion shopping platform Lyst has raised $85 million in a round that saw participation from multiple new and existing investors. Founded in 2010, the London-based company’s platform allows users to shop for clothes and accessories across thousands of online stores.

— Joanna Glasner

Fintech

Treasury Prime banks $20M: Banking as a Service company Treasury Prime closed on an insider round of $20 million in Series B funding co-led by Deciens Capital and QED Investors. The San Francisco-based company makes software that reduces the time and expense of labor-intensive processes for banks, such as account creation and “know your customer” identification, and connects banks with fintech companies. The new capital will be used to accelerate go-to-market programs and to expand the company’s sales, marketing and engineering teams.

— Christine Hall

Health care

Appia Bio raises $52M: Appia Bio, a biotechnology company, raised $52 million in Series A financial led by 8VC. The company focuses on discovering and developing cell therapy treatments for cancer.

DrFirst grabs $50M: Health technology company DrFirst announced a $50 million equity investment from Sixth Street Growth to support its telehealth platform that provides care collaboration and artificial intelligence technology to improve the accuracy of a patient’s medication history.

Impress grins at $50M: Spain-based orthodontic chain Impress raised $50 million in Series A funding, which the company is touting as “the biggest-ever Series A round not only in Spain but also in Southern Europe.” The round was led by Care Capital, and the funding will be put to work supporting Impress’ European expansion and technology development.

Birdie raises $11.5M: Birdie, a U.K.-based caretech company focused on elderly care at home, raised $11.5 million in a funding round led by Index Ventures, which was joined by Kamet Ventures. The investment will be used to scale the business and invest in product innovation for its app that acts as the operating system for care providers to deliver more coordinated, personalized and preventative care.

— Christine Hall

Venture business

Madrona lands $8M: Madrona Venture Labs, a Seattle-based startup studio, closed on $8 million in funding and is forming a group of experienced investors and operators to be co-founding board members and advisers who will collaborate on idea validation, leverage their deep talent networks for recruiting, participate in customer development and outreach, and provide fundraising support and coaching to the founding teams.

— Christine Hall

Cybersecurity

NetSPI closes $90M growth round: Minneapolis-based cybersecurity company NetSPI raised a $90 million growth round led by KKR, with participation from Ten Eleven Ventures. NetSPI, which offers enterprise security testing and attack surface management, will use the new money to expand in both the US and internationally.

Anvilogic hunts down $10M Series A: Palo Alto, California-based cybersecurity company Anvilogic closed a $10 million Series A led by Cervin Ventures with participation from Foundation Capital, Point 72 Ventures and Dan Warmenhoven. Anvilogic’s detection and hunting platform helps give companies more insight into what is going on in their network and allows them to find threats.

— Chris Metinko

Illustration: Dom Guzman

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