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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Wise Makes Direct Listing Debut In London At $11B valuation
British fintech unicorn Wise made its debut on the London Stock Exchange via direct listing, establishing an initial valuation of around $11 billion.
The company priced shares at $8 each, with shares relatively flat in aftermarket trading. Founded in 2010, the London-based company’s app is popular for cross-border transactions. Wise makes money through fees on transactions and has been profitable for several years.
AnyVision raises $235M for facial recognition tech
Tel Aviv-based AnyVision, a visual AI platform developer known for its facial recognition technology, raised $235 million in a Series C round led by SoftBank Vision Fund 2 and Eldridge Industries. The six-year-old company had previously raised around $117 million in known funding, per Crunchbase data.
Planet going public via SPAC: Satellite imagery provider Planet announced that it plans to go public on the New York Stock Exchange through a merger with a special purpose acquisition company, dMY Technology Group IV, at an equity valuation of around $2.8 billion. The company says it now has over 150 satellites in orbit collecting over 350 million square kilometers of imagery daily.
— Joanna Glasner
OnBoard closes $100M round: Indianapolis-based OnBoard raised a strategic growth investment of $100 million from JMI Equity. The company has created a cloud-based platform that allows for more efficient and effective boardroom meetings.
OnBoard — whose parent company is Passageways — has about 139 employees and has raised about $105 million in total.
This is the second large round JMI has taken part in involving the Indiana tech scene in the last two months. Just last month Greenlight Guru closed a $120 million round from the firm.
Skedulo closes $75M Series C: San Francisco-based Skedulo raised a $75 million Series C led by SoftBank Vision Fund 2. The company’s platform helps companies to manage, engage and analyze their growing number of deskless workers across a wide variety of industries, including health care, utilities and solar.
Skedulo has seen its annual recurring revenue increase 400 percent, and played a role in helping schedule both COVID testing and vaccinations, the company said in a release.
The company has now raised $114 million, according to Crunchbase data.
— Chris Metinko
Illustration: Dom Guzman
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