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.
Subscribe to the Crunchbase Daily
Deliveroo IPO sets valuation of up to $12.2B
Food delivery service Deliveroo set a proposed share price range for its upcoming London IPO that would value the company at up to $12.2 billion.
The British company, which counts Amazon among its backers, previously raised at least $1.7 billion in known funding, per Crunchbase data. The listing will be one of the largest London offerings of the year.
— Joanna Glasner
Funding rounds
Camunda closes on $98M: Berlin-based Camunda, developer of a process automation platform, closed an 82 million euro ( $98 million) Series B round led by Insight Partners.
— Joanna Glasner
Flex Logix lands $55M: Mountain View, California-based Flex Logix, a startup designing reconfigurable AI accelerator chips, announced that it closed a $55 million funding round led by Mithril Capital Management.
— Joanna Glasner
Public markets
Greenridge to go public via Support.com merger: Greenidge Generation, a Dresden, N.Y.-based bitcoin miner, announced that it will go public via a reverse merger with Support.com (Nasdaq: SPRT) in a stock-for-stock transaction. When the deal closes in the third quarter, Support.com will become a wholly-owned subsidiary of Greenridge. In addition, the company said it expects to be the first publicly traded bitcoin mining company with a wholly-owned power plant. It has plans to replicate its vertically integrated mining model at other power sites and expects to achieve at least 500 megawatts of mining capacity by 2025. For the 12 months ended Feb. 28, 2021, Greenidge reported that it mined 1,186 bitcoins at a net variable cost of approximately $2,869 per bitcoin. Merger news sent shares of Support.com up more than 200 percent to $7.97 per share, prior to the bell Monday, from its March 19 close of $2.14 per share.
— Christine Hall
Illustration: Dom Guzman
Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.
Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://news.crunchbase.com/news/briefing-3-22-21/
