Briefing

The Briefing: BharatPe Eyes $250M, Brightline Raises $79M, 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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BharatPe reported eyes $250M at $2.5B valuation

Indian fintech BharatPe is reportedly close to securing $250 million in a fresh funding round led by Tiger Global Management, per TechCrunch.

The investment would reportedly set a pre-money valuation of around $2.5 billion for the New Delhi-based startup, which offers a service to help offline merchants accept digital payments and obtain financing.

Founded three years ago, BharatPe counts Coatue, Ribbit Capital, Sequoia Capital India and Insight Partners among its largest backers.

— Joanna Glasner

Health care

Brightline raises $79M: Palo Alto-based Brightline, a health care company that provides behavioral health care services for children and their families, brought in $79 million in equity and debt transactions. The $72 million Series B round was led by GV, while the $7 million of venture debt is from Silicon Valley Bank, to give Brightline a total of $104 million in known funding since the company was founded in 2019, according to Crunchbase data. In addition to the funding, the company announced it will be expanding nationwide in 2021.

ComeBack Mobility inks $1M: ComeBack Mobility, a Ukrainian digital health care startup, announced a combined $1 million in pre-seed and seed investment for its “Smart Crutch Tip” orthopedic devices that work together with an app. Investors in the round include Fison, Peter Chernyshov, Farmak and a group of angel investors. ComeBack provides wireless devices, attached to crutches, that connect to an app so that doctors can monitor a patient’s walking recovery progress.

— Christine Hall

Public offerings

Codex DNA prices IPO: Codex DNA, developer of an automated synthetic biology workstation and related tools, raised $107 million by offering 6.7 million shares at $16, the high end of the range of $14 to $16. Shares are set to begin trading on Nasdaq under the ticker symbol DNAY.

M&A

Ford acquires Electriphi: Ford has announced that it is acquiring Electriphi, a provider of charging management and fleet monitoring software for electric vehicles, for an undisclosed sum. The purchase comes as Ford seeks to build out charging infrastructure as it aims for increased output of electric vehicles.

— Joanna Glasner

Illustration: Dom Guzman

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