Briefing Venture

The Briefing: DoorDash On Deck For Blockbuster IPO, Unit Lands $18.6M, 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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DoorDash on deck for blockbuster IPO after pricing shares at $102

Food delivery service DoorDash made its debut on the New York Stock Exchange today, after pricing shares for its initial public offering at $102 each, above the projected range of $90 to $95. [Read more]

The San Francisco-based unicorn has seen revenue surge amid the coronavirus pandemic, as demand for restaurant deliveries is up as fewer people dine out. At its IPO price, DoorDash would have an initial public market valuation of nearly $39 billion on a fully diluted basis, per CNBC.

Founded in 2013, DoorDash previously raised $2.5 billion in venture and growth funding, reportedly hitting a final private pre-IPO valuation of around $16 billion.

Funding rounds

  • Potloc raises CA$20M for consumer surveys: Potloc, a Canada-based company using social media targeting to improve the accuracy of surveys for consumer research, announced CA$20M in Series A funding, led by Cap Horn, and Canadian firms Brightspark Ventures, Desjardins Capital, EcoFuel and Investissement Quebec.
  • Unit lands $18.6M for banking tools: Unit, developer of a platform that lets third parties integrate banking services into their businesses, raised $18.6 million in a new funding round backed by investors including Better Tomorrow Ventures and Aleph.
  • Arthur inks $15M for AI software: Arthur closed a $15 million Series A funding round, led by Index Ventures, to fill the last-mile gap in the artificial intelligence software stack.
  • Contractbook raises $9.4M for contract management: Contractbook, a legal tech automation company based in Copenhagen, Denmark, announced a $9.4 million Series A investment round led by Bessemer Venture Partners.
  • FLEx Lighting secures $9M to launch LCD technology: FLEx Lighting, a light technology supplier, announced $9 million in funding led by Anzu Partners.
  • Space startup Varda raises $9M: Varda Space, a Southern California-based orbital manufacturing startup, landed $9 million in a seed funding round led by Founders Fund and Lux Capital.
  • BYBI expands into U.S. after raising $7M: BYBI, a U.K.-based vegan and sustainable skincare brand, completed a $7 million Series A round of funding to expand into the U.S., and in Target stores in January. The Series A investment was led by Point King Capital and existing investor Unilever Ventures.
  • Meet Cute secures $6.25M for rom-com studio: Podcast company and story incubator Meet Cute closed a $6.25 million Series A round led by USV to create partnership content and expand its format.
  • Smartlook closes $3.6M for enterprise analytics: Behavior analytics company Smartlook, raised $3.6 million in Series A funding led by Airbridge Equity Partners.
  • Blueprint raises $3.4M for data-driven mental health care: Chicago-based Blueprint, a startup that makes software for mental health clinicians to help them deliver more personalized, data-driven care, said it has raised a $3.4 million seed funding round led by Bonfire Ventures, with participation from Lightbank and other angel investors. (Read more here.)
  • Salad Technologies raises $3.2M to share idle compute power: Salad Technologies, which is  monetizing idle compute power, raised a $3.2 million seed extension, led by Carthona Capital, which brings its total financing to $5.3 million.
  • Pair Team brings in $2.7M for primary care workflow: Pair Team raised $2.7 million in seed funding backed by Kleiner Perkins, Craft Ventures and Y Combinator to provide an end-to-end operations platform for primary care.
  • Stuf bags $1.8M to expand self-storage: New York self-storage startup Stuf announced $1.8 million in seed funding led by Wilshire Lane Partners and Harlem Capital.
  • Wiz closes $100M Series A: Cloud Security provider Wiz emerged from stealth Wednesday and closed a $100 million Series A from Index Ventures, Sequoia, Insight Partners and Cyberstarts. The company, based in Tel Aviv and Palo Alto, California, plans to use the money to scale the company.

Illustration: Dom Guzman

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