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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German grocery upstart Flink lands $240M Series A
Founded in 2020, the company operates in a number of European cities, most in Germany, with plans for continued expansion to new metro areas.
The funding round comes as competition continues to heat up in Europe’s grocery delivery market, with several startups eyeing a chance for a sizable share in what’s expected to be a vast and growing sector.
— Joanna Glasner
SentinelOne files for IPO: Cybersecurity company SentinelOne filed its IPO prospectus for a planned offering on the New York Stock Exchange under the ticker symbol S. Founded in 2013, the Silicon Valley-based company previously raised nearly $700 million in known funding, per Crunchbase data.
Teemyco raises $3.2M for virtual office: Stockholm-based Teemyco, developer of a customizable virtual office platform, raised $3.2 million in a round led by 42CAP. The startup aims to provide an online platform that fosters spontaneous interactions among employees in remote locations.
— Joanna Glasner
Fintech and e-commerce
Hungryroot bags $40M: Hungryroot, an AI-powered personalized grocery service, announced a $40 million Series C round led by L Catterton. Founded in New York in 2015, the new investment gives Hungryroot a total of $75.4 million in known venture capital, according to Crunchbase data. The company said it will invest the new funds into increasing the number of groceries and recipes offered, growing the team, technology development and marketing.
FQX raises $4.7M: Germany-based FQX AG received $4.7 million in seed funding led by Earlybird Venture Capital. The company facilitates trade finance and money markets by using eNotes, a short-term financing and payment instrument based on blockchain technology.
Foundation Devices banks $2M: Foundation Devices, a Boston-based designing devices and integrated services that provide a best-in-class user experience for a cryptocurrency user base, raised more than $2 million in seed funding. Bolt led the investment.
— Christine Hall
Illustration: Dom Guzman
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