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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Noom bulks up with $540M for weight loss platform
Weight loss platform Noom pulled in $540 million in a Series F funding round led by Silver Lake.
The New York-based startup said the funds will go toward expanding in new geographies and as part of employee benefits programs. A portion of the new capital is also being used for share repurchases.
Founded in 2008, Noom offers a psychology-based digital health platform powered by data and human coaches to help people meet their health and wellness goals.
— Joanna Glasner
Funding rounds
FarEye lands $100M for logistics: India-based FarEye, a provider of what it describes as an intelligent delivery management platform, raised $100 million in a Series E round led by TCV and Dragoneer Investment Group.
Atlan snags $16.5M for data collaboration: Singapore-headquartered Atlan, a developer of tools for data collaboration, announced it has raised $16.5 in a Series A funding round led by Insight Partners.
— Joanna Glasner
Cybersecurity
Tessian closes $65M Series C: San Francisco-based cybersecurity company Tessian has raised a $65 million Series C led by March Capital. Existing investors Accel, Balderton Capital, Latitude and Sequoia Capital also participated in the round — along with new investor Schroder Adveq. The new series values Tessian — which secures email and prevents threats — at $500 million. The company has now raised more than $120 million.
Material Security lands $40M Series B: Redwood City, California-based email security company Material Security has raised $40 million in a Series B led by Elad Gil. Andreessen Horowitz and several individual investors also participated in the round. The company has raised $62 million to date.
— Chris Metinko
M&A
Platform.sh buys Blackfire.io: San Francisco-based Platform.sh has acquired Paris-based Blackfire.io, which provides testing, monitoring and optimization tools for websites and applications. Terms of the deal were not announced. Platform.sh helps companies build, run and scale their websites and apps.
— Chris Metinko
Fintech and e-commerce
Resolve lands $60M: Affirm spinout company Resolve, based in San Francisco, raised $60 million in funding to grow its embedded billing platform that enables business-to-business companies to offer buy now, pay later billing for business purchases. Investors in the round included Initialized Capital and KSD Capital.
Whatnot bags $50M: Live stream shopping platform Whatnot raised $50 million in a Series B round led by Y Combinator Continuity. The funding will be used to double down on sports cards and memorabilia. The Los Angeles-based company said it brought in a total of $75 million in venture funding to date.
Airtm inks $15M: Mexico-based Airtm, a blockchain and bank-connected digital wallet and peer-to-peer exchange platform, received $15 million investment from Stellar Development Foundation. The company provides globally-connected dollar accounts to consumers and businesses throughout Latin America and other emerging markets. The funding will enable Airtm to continue developing its platform and integrate Stellar, a blockchain network.
Verituity banks $10M: McLean, Virginia-based Verituity, a verified digital payments platform, closed on $10 million Series A funding co-led by ForgePoint Capital and Ardent Venture Partners. The company, which modernizes banks treasury services and connects banks, payers and payees to first-time and on-time digital payouts experiences, plans to use the funds to expand its go-to-market efforts and technology development.
— Christine Hall
Clean tech
GridX inks $12M: California-based GridX, providing cloud-based business operations support tools to utilities and energy suppliers, closed on $12 million in Series B funding led by Energy Impact Partners to accelerate the company’s product roadmap and drive market adoption.
Novisto closes on $8M: Novisto, a SaaS platform for environmental, social, and governance data, management and reporting, announced $8 million in Series A funding led by White Star Capital. The Canada-based company intends to use the funding to triple the size of its engineering and product teams and expand into the European market.
— Christine Hall
Agriculture
Bowery Farming lands $300M: New York-based Bowery Farming picked up $300 million in Series C funding, led by Fidelity Management & Research Co., to value the company at $2.3 billion. The new funding gives the vertical farming company a total of $472 million. Bowery intends to use the new investment to continue expansion of its network of indoor farms across the U.S., technology development, R&D and recruiting new talent.
Invaio Sciences raises $88.9M: Cambridge, Massachusetts-based Invaio Sciences, a crop health company, announced a Series C round of financing totaling $88.9 million that will be used to accelerate its transition to biological agriculture. The round was led by Flagship Pioneering and gives the company a total of more than $142 million in investments since its was founded in 2018, according to Invaio.
Kula Bio lands $10M: Boston-based Kula Bio, developing sustainable nitrogen products closed on $10 million in seed funding led by Collaborative Fund. The company’s Kula-N biofertilizer enables farmers to maintain crop yield and reduce environmental impact from traditional, synthetic nitrogen fertilizers.
— Christine Hall
Health care
Ever/Body secures $38M: Ever/Body, a cosmetic dermatology provider of personalized, tech-enabled services, brought in $38 million in Series B funding led by existing investor Tiger Global Management. The New York-based company intends to use the new funding on expansion and product development.
— Christine Hall
Illustration: Dom Guzman
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