Briefing

The Briefing: Visa Acquires Currencycloud, Couchbase Prices IPO, And More

The Briefing

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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Visa buying Currencycloud at $962M valuation

Visa announced that it will acquire London-based Currencycloud, a global platform for banks and fintechs to provide cross-border payments, in a deal that values the company at £700 million ($962 million).

Currencycloud’s cloud-based platform offers a set of APIs enabling banks and financial services providers to offer currency exchange services, including real-time notifications on foreign exchange transactions, multi-currency wallets, and virtual account management.

Founded in 2012, Currencycloud previously raised at least $160 million in known funding, per Crunchbase data. Visa was the lead investor in its last round, an $80 million Series E in January 2020.

Couchbase raises $200M in upsized IPO

Couchbase, a provider of NoSQL database technology for application developers, raised $200 million in its IPO, setting an initial valuation of around $1.2 billion. The company priced shares at $24 each, above the projected range of $20 to $23.

Enterprise tech

• YOOBIC raises $50M for digital workplaces: YOOBIC, developer of a digital workplace for frontline teams, closed a $50 million Series C funding round led by Highland Europe. The round brings total funding to date to $80 million for YOOBIC, which markets its technology for retail workers, restaurant staff, fieldworkers and other types of frontline employees.

— Joanna Glasner

Health tech

Woebot Health raises $90M for AI-powered mental health bot: Woebot Health, a San Francisco-based mental health startup, raised $90 million in Series B funding co-led by existing investors JAZZ Venture Partners and Temasek with participation from funds and accounts managed by BlackRock Private Equity Partners and Owl Ventures. Other investors included Mirae Asset CapitalKicker VenturesAlumni VenturesGaingelsNEA and AI Fund. Woebot operates an AI-powered mental health platform and claims its technology facilitates “a human-level therapeutic bond with users.”

Enterprise software

Interos hits unicorn valuation: Arlington, Virginia-based Interos reached a $1 billion valuation after its $100 million raise led by NightDragon, with Kleiner Perkins and Venrock also participating. Intereos helps companies manage risk and continuously monitor their supply chain and business relationships to avoid disruptions. The company reported a compound annual growth rate of 303 percent in the last two years

Founded in 2005, Interos has raised nearly $130 million to date, according to Crunchbase data.

— Chris Metinko

Illustration: Dom Guzman

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