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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Acronis raises over $250M for cybersecurity
Acronis, a provider of cyber protection across data, applications and systems, announced that it raised over $250 million in a funding round that sets a $2.5 billion valuation for the Swiss company.
CVC Capital Partners led the financing, bringing total known funding to date for Acronis to more than $400 million, per Crunchbase data. Founded in 2003, the company says it now has more than 1,500 employees in 33 locations in 18 countries.
ŌURA Health lands $100M Series C
Sleep health tech wearable ŌURA Health announced a $100 million Series C round to bring its total fundraising to $148.3 million, according to Crunchbase data.
The new round was led by a group of new investors, including The Chernin Group and Elysian Park, Temasek, JAZZ Venture Partners and Eisai Co., as well as Bedford Ridge and One Capital. Existing investors who participated in the round include Forerunner Ventures, Square, MSD Capital, Marc Benioff, Lifeline Ventures, Metaplanet Holdings and Next Ventures.
The Finland-based company has now sold more than 500,000 rings since being founded in 2013, it said. The ring tracks sleep and daily activity and then provides actionable insights on sleep and overall health.
It intends to invest the new funds in its software and hardware development, new hires, R&D, marketing and customer experience, as well as to dive into new use cases.
ŌURA’s significant round is the latest among a group of companies focused on sleep technology. Since 2016, investors have pumped $1.9 billion into global companies focused on sleep technology and equipment, according to Crunchbase data.
— Christine Hall
WorkBoard pulls in $75M for OKRs
Silicon Valley-based WorkBoard, a platform for companies to manage objectives and key results (OKRs), announced it has raised $75 million in a growth funding round led by SoftBank Vision Fund 2.
Founded in 2013, WorkBoard previously raised $67 million in known funding, per Crunchbase data. The company says it sees further growth ahead as companies turn to its software to keep objectives aligned across teams as they commit to fully remote or hybrid work environments.
— Joanna Glasner
Fintech and e-commerce
LoanSnap banks $30M: LoanSnap, a San Francisco-based company touting the “world’s first smart loan,” announced a $30 million Series B investment led by True Ventures. Founded in 2017, LoanSnap intends to use the funds to expand into new loan types as well as its footprint across the United States. The company uses artificial intelligence to analyze a consumer’s finances, show them where they are losing money, and make a recommendation in seconds. It also created the “Snap Guarantee,” in which the company will close a customer’s loan in 15 days or the customer receives $500.
Owen’s Craft Mixers lands $7.5M: New York-based cocktail mixer brand Owen’s Craft Mixers closed on $7.5 million in financing from a group of backers led by Lee Brice. Founded in 2016, the company will use the funds to round out its leadership team, ramp up marketing efforts, and manufacture product inventory ordered from Publix and CVS, the company said.
Deloce drinks in $1.5M: Vice Ventures led a $1.5 million seed investment into canned cocktail brand Deloce. The Los Angeles-based company recently launched its first signature cocktail, an espresso martini made with cold-pressed arabica espresso and gluten-free vodka.
— Christine Hall
Health care
Pawp cuddles up to $13M: Veterinary telehealth platform Pawp raised $13 million in a Series A round to continue developing its app-based, subscription service that includes unlimited access and support from licensed veterinarian professionals for $19 per month, as well as access to a $3,000 annual stipend toward emergency costs. Lux Capital led the round, and the New York-based company, founded in September 2020, intends to use the funds to grow its team, on technology development and to expand its capabilities.
Little Otter launches with $4.2M: Children’s mental health company Little Otter launched Tuesday with $4.2 million in pre-seed and seed funding led by Torch Capital. Child psychiatrist Dr. Helen Egger and her daughter, Rebecca Egger, lead the San Francisco-based company, which developed an app to connect families of small children with a real-life “Care Lead,” who routes families to specialized care with Little Otter’s in-house providers. It also offers parents and siblings support and coaching.
— Christine Hall
Funding Rounds
Teachmint raises $16.5M: Indian online learning platform Teachmint raised a $16.5 million Series A, the company announced Tuesday. Learn Capital led the round for the company, which standardizes virtual learning tools. Teachmint, which was launched in May 2020, has more than 700,000 teachers on its platform, according to a statement from the company.
–Sophia Kunthara
Solid Power raises $130M: Solid-state battery maker Solid Power said it raised a $130 million Series B led by the Ford Motor Company, BMW Group, and Volta Energy Technologies. The funding will be used to help Solid Power produce more of its batteries, which are used in electric vehicles. Ford and BMW plan to use the company’s batteries for their upcoming EVs, according to a statement from the companies. The Colorado-based company last raised a $28 million Series A in October 2020.
–Sophia Kunthara
Enterprise software
VAST Data hits $3.7B valuation: New York-based VAST Data closed a $83 million Series D led by Tiger Global Management. The new round gives the storage software developer a post-money valuation of $3.7 billion — tripling of the company’s valuation since April of last year.
The round also included participation from NVIDIA and several other existing investors. The company now has raised a total $263 million, according to Crunchbase
— Chris Metinko
Illustration: Dom Guzman
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