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Back Market bags $335M to value the company at $3.2B

Back Market, an online marketplace for refurbished electronics, raised $335 million in Series D financing led by General Atlantic.

Joining General Atlantic in the round was Generation Investment Management, Goldman Sachs Growth Equity, Aglaé Ventures, Eurazeo and daphni. The new funding comes a year after Back Market brought in a $120 million venture round to give it a total of $511 million in funding, according to Crunchbase data. The investment values Back Market at $3.2 billion, the company said.

The new funding will enable the New York-based company, which says it has more than 1,500 sellers on its platform, to consolidate and build on its position in the refurbished electronics marketplace.

— Christine Hall

Fintech and e-commerce

Tea Drops drinks in $5M: Los Angeles direct-to-consumer tea maker Tea Drops raised $5 million in Series A funding led by BrandProject. The new investment brings the company’s total funding to $8.4 million, the company said. Tea Drops offers bagless tea that dissolves in your cup.

Lance banks $2.8M: Lance closed $2.8 million in seed funding to launch a business bank account for freelancers and side hustlers. Round participants included Barclays and BDMI. The capital is intended for product development and marketing. The company says there is no charge for a basic account, but offers a pro version for $12 per month.

— Christine Hall

Health care

Atonarp raises $50M: Tokyo-based Atonarp, a manufacturer of molecular sensing and diagnostics products for the health care, pharmaceutical and semiconductor industries, announced $50 million in Series D financing led by WRVI Capital. Atonarp uses light to test blood and other biological samples to produce a digital molecular snapshot. The new funding will enable the company to expand its operations and expedite the development and commercialization of its molecular diagnostics products.

SymphonyRM lands $25M: SymphonyRM, a Palo Alto-based health care company, announced $25 million in Series B funding led by TT Capital Partners. SymphonyRM enables health systems to transform how they acquire, engage and retain patients by creating an engagement model. The company intends to use the new funds on sales and marketing efforts and expand its use cases.

Artificial secures $21.5M: Artificial, a software company providing a first-of-its-kind lab automation platform, closed a $21.5 million Series A investment round led by M12. The company will use the investment to accelerate product development, hire more employees and further life science partnerships. Palo Alto-based Artificial provides a unifying software platform that orchestrates and captures everything in a lab, including all the manual tasks, so that the lab can turn its previously inefficient and error-prone processes into seamless, reproducible and scalable workflows.

emocha Health inks $6.2M: Digital health company emocha Health secured $6.2 million in Series A funding led by Claritas Health Ventures. The Baltimore-based company uses artificial intelligence to improve medication adherence among patients with chronic and infectious diseases.

— Christine Hall

Legal

Uptrust raises $2M: San Francisco-based Uptrust, a civic empowerment technology company working to keep people out of jail who shouldn’t be there, closed $2 million in a seed financing round backed by investors including the De-carceration Fund, Luminate and Stand Together Ventures Lab.

— Christine Hall

Illustration: Dom Guzman

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://news.crunchbase.com/news/briefing-5-18-21/