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.
Subscribe to the Crunchbase Daily
Didi IPO Filing Sets $60B Target Valuation
Chinese ride-hailing giant Didi Chuxing is seeking a valuation of over $60 billion its upcoming Nasdaq debut, according to a new securities filing cited in a CNBC report.
The Beijing-based company is looking to raise more than $4 billion in the offering, with an expected share price range of $13 to $14.
SoftBank, Uber and Tencent are among the largest shareholders in the company, which posted $21.6 billion in revenue last year.
— Joanna Glasner
Public offerings
Long-Term Stock Exchange Draws Twilio, Asana: The Long-Term Stock Exchange, a Silicon Valley exchange launched with the philosophy of encouraging long-term value creation over short-term gains, will reportedly gain two new listings: productivity software provider Asana and app-building platform Twilio. Both companies are already listed on the New York Stock Exchange and will also maintain listings there.
Fintech
Chile’s Fintual raises $15M: Fintual, a Chilean startup that offers low-commission accounts for passive investment, reportedly raised $15 million in a funding round led by Latin America-focused venture firm Kaszek.
— Joanna Glasner
Enterprise software
Edge Delta closes $15M Series A: Seattle-based Edge Delta raised a $15-million Series A round led by Menlo Ventures and Tim Tully, the former CTO of Splunk. Previous investors, MaC Venture Capital and Amity Ventures, also participated in the round.
Edge Delta’s platform allows enterprises to analyze all forms of data in real-time at the source — or on the edge — without having to move it to a centralized warehouse. The company has raised $18 million to date, according to Crunchbase.
— Chris Metinko
Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.
67.1K Followers