Briefing

The Briefing: PayPal Buys Paidy For $2.7B, Revaia Raises New Fund, 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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PayPal buys Paidy for $2.7B

PayPal announced that it is acquiring Japan-based Paidy, a buy now, pay later platform, in a mostly cash transaction valued at around $2.7 billion.

Founded in 2008, Paidy has previously raised close to $400 million in known funding, per Crunchbase data.

PayPal said the deal is aimed at boosting its presence in the domestic payments market in Japan, the third largest ecommerce market in the world.

Revaia raises $296M fund

Paris-based Revaia,  formerly known as Gaia Capital Partners, has announced the final close of its first growth fund of 250 million euros ($296 million). The fundraise reportedly cements the firm’s status as the largest European female-founded venture fund.

Neat locks down $30M

Norway-based Neat received a $30 million investment from Zoom Video Communications, giving the video-device maker a valuation of $640 million. This is Zoom’s third investment in Neat, bringing the total investment to $41 million. The companies are collaborating together to provide better meeting and collaboration experiences.

Founded in 2019, Neat develops video devices for the hybrid workplace; screens that can be used in conference rooms, offices or homes.

— Chris Metinko

Funding rounds

A-Alpha Bio picks up $20M: Seattle-based A-Alpha Bio, a biotech startup developing technology for measuring millions of protein-protein interactions for use in drug development, raised $20 million in a Series A round led by Madrona Venture Group.

— Joanna Glasner

Illustration: Dom Guzman

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