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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India’s CARS24 raises $450M at $1.84B valuation
CARS24, an India-based e-commerce platform for used vehicles, announced it has raised $450 million in fresh funding at valuation of $1.84 billion.
The financing consists of $340 million in Series F equity and $110 million in debt. DST Global, Falcon Edge and SoftBank Vision Fund 2 led the Series F equity round for the 6-year-old company.
— Joanna Glasner
Airwallex closes on $200M valued at $4B
Melbourne-based Airwallex, a global payments company, has raised $200 million led by Lone Pine Capital, fast on the heels of a Series D extension earlier this year. Airwallex customers set up accounts to accept international payments in preferred currencies to reduce fees.
This brings its total funding to $702 million and values the company at $4 billion. New investors G Squared and Vetamer Capital joined the round as well as existing investors 1835i Ventures, DST Global, Salesforce Ventures 1 and Sequoia Capital China.
— Gené Teare
Heartcore closes $250M consumer fund
Heartcore, a Copenhagen-based venture fund that invests in consumer-focused startups in Europe, raised $250 million for its newest fund. The firm invests around the thesis of “making people happy” through tech-enabled consumer businesses. The fundraise consists of a $200 million Fund IV and a $50 million vehicle to make follow-on investments in existing portfolio companies.
— Joanna Glasner
Fintech
Flobiz raises $31M: India-based mobile billing startup Flobiz has closed on a $31 million Series B led by Sequoia Capital India and Think Investments. Flobiz helps small businesses with payments and inventory management and works online and offline. Its customers included wholesalers, manufacturers, retailers, distributors and merchants. Existing investors Elevation Capital and BEENEXT participated in the round as well as many angel investors.
— Gené Teare
Logistics
Altana AI snags $15M for supply chains: Altana AI, developer of an artificial intelligence-powered platform for navigating global supply chains, raised $15 million in a Series A funding led by Google‘s GV.
— Joanna Glasner
Illustration: Dom Guzman
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