Briefing Venture

The Briefing: Wish Falls In First Day Trading, Sneaker Market StockX Raises $275M, And More

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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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Wish shares fall in first-day trading

Shares of discount e-commerce retailer Wish fell in first-day trading Wednesday, after the company priced its initial public offering at the high end of expectations.

The stock dipped to around $20 a share in midday trading, below its IPO price of $24 per share. The offering raised $1.1 billion for San Francisco-based Wish, whose parent company, ContextLogic, filed to go public on Nasdaq under the ticker symbol WISH last month.

Shares closed at $20.05, down 16.5 percent from the initial IPO price.

Sneaker market StockX raises $275M

Online retailer StockX raised $275 million in a Series E funding round led by Tiger Global that sets a $2.8 billion post-money valuation for the company.

Founded in 2015, Detroit-based StockX is best known as an online marketplace for high-demand and limited-edition sneakers. However, it does also sell collectibles and brand-name handbags and watches.

The latest fundraise brings StockX’s total funding to date to around $435 million, per Crunchbase data.

Funding rounds

  • Bolt lands $182M for on-demand transport: Bolt, an Estonian startup offering a transportation network to move food and people on cars, scooters and bikes, raised $182 million in a new funding round led by D1 Capital Partners.
  • Neo Financial banks CAD$50M to challenge incumbents: Calgary-based Neo Financial completed a CAD$25 million ($19.6 million) Series A round and CAD$25 million in debt facility financing. The technology company provides spending, savings and rewards programs. Valar Ventures led the funding round.
  • Curai Health secures $27.5M for telehealth: Curai Health, a Palo Alto-based virtual care company, announced $27.5 million in Series B funding led by Morningside Ventures. Curai, which has now raised $57 million in total, uses artificial intelligence to provide chat-based primary care at a lower cost.
  • PlainID raises $11 million for authorization tech: Tel Aviv-based cybersecurity startup PlainID said it raised $11 million in new funding led by a consortium of existing and new investors. Those investors include Viola Ventures, INcapital Ventures, Capri Ventures, iAngels, Springtide Ventures and Vintage Investment Partners. PlainID offers a suite of authorization tools for enterprises to limit and establish who can access their platforms and products.
  • DASH Systems brings in $8M for airdrop deliveries: DASH Systems, a Los Angeles-based technology company developing hardware and software to enable precision airdrop deliveries, announced $8 million in seed funding led by 8VC1.
  • Vouched raises $3M for real-time fraud detection: Vouched, a Seattle-based startup working on artificial intelligence and computer vision technology for end-to-end identity verification and real-time fraud detection, recently raised $3 million in a round led by Flying Fish Partners.
  • FoodMarble bags $2.6M for digestive health: FoodMarble, a Dublin-based digital digestive health company, closed a seed investment round of $2.6 million led by Business Venture Partners. The funding will support, among other things, the development of FoodMarble AIRE, touted as “the world’s first personal digestive tracker.”
  • Ōmcare secures $2.5M for aging in place tools: Ōmcare, a Minnesota-based digital health company, announced a $2.5 million investment along with future follow-on investments for its Ōmcare Home Health Hub commercialization. The funding round was led by Connect the Grey Investment Management.
  • Lantern raises $2.3M for end of life planning: Lantern, a New York-based public benefit corporation, raised a $2.3 million seed round led by Draper Associates. The company provides a single source of guidance for navigating life before and after a death.


  • Film production and distribution company Invincible Entertainment Partners said this week that it has acquired Business Rockstars, a video platform for entrepreneurs, for $20 million in stock. Invincible said the acquisition adds another 24/7 streaming channel with targeted content to its lineup. Business Rockstars had raised $2 million in funding, according to Crunchbase data. As part of the deal, Business Rockstars’ principal partners, Steve Lehman and Thom Beers, will join the Invincible board and executive committee.

Illustration: Dom Guzman

  1. 8VC is an investor in Crunchbase. It has no say in our editorial process. For more, head here.

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