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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Paxos pulls in $300M for blockchain infrastructure

New York-based Paxos, provider of a regulated blockchain infrastructure platform, announced that it closed a $300 million Series D funding round at a valuation of $2.4 billion.

Oak HC/FT led the round, which brings total financing to date for nine-year-old Paxos to well over $500 million.

The startup says it wants to build a better financial system that “allows assets to move instantaneously, anywhere in the world, at any time, in a trustworthy way.” The company partners with companies including PayPal and Venmo to add cryptocurrency features to their offerings.

— Joanna Glasner

Rho Technologies closes $100M debt

Rho Technologies, the financial technology parent of Rho Business Banking said it raised $100 million in debt financing from Community Investment Management.

The new financing comes on the heels of a $15 million Series A round, led by M13 Ventures, announced in January.

It will enable Rho, headquartered in New York, to invest in strategic initiatives and broaden its service offerings to business clients.

— Christine Hall

Fintech and e-commerce

Keeper Tax secures $13M: Gig worker tax filing software Keeper Tax, which monitors purchases for tax deductible expenses, raised $13 million in Series A funding. Backers included e.ventures, Matrix Partners and Foundation Capital. The San Francisco-based company intends to use the new funding to grow its team, customer support and technology development.

Kickfurther inks $5.9M: Kickfurther, a marketplace for users to buy inventory directly from suppliers and partner with businesses to sell the inventory, raised $5.9 million in seed “plus” funding led by Grand Oaks Capital. The Colorado-based company provides a way for small and medium-size product entrepreneurs to find capital at competitive rates to fund their growth. It intends to invest the new funding into technology and marketing.

— Christine Hall

Health care

RapidDeploy raises $29M: Austin-based emergency response company RapidDeploy closed on $29 million in Series B funding to provide 911 centers with data, tactical mapping and analytics. Morpheus Ventures led the round, which will be used to fund RapidDeploy’s go-to-market strategy and R&D. The digital transformation is hitting this area: General Catalyst led a $3.5 million seed round into MD Ally this week. The New York-based company is developing a program that incorporates telehealth and mental health services into 911 and first-responder dispatches.

CareCar revs growth with $3M: CareCar, a tech-enabled benefit manager and value-based health care services platform, announced a $3 million seed round led by Kapor Capital and Impact America Fund. The Denver-based company currently manages supplemental benefits for approximately 150,000 patients in California and North Carolina. It plans to use the funds to expand into new markets and offer additional senior home care services.

— Christine Hall

Other news

Capchase creates $100M fund for women, minority business owners: New York-based Capchase, which enables SaaS companies to finance the growth of their operations with cash tied up in future monthly payments, said it would set aside approximately $100 million to exclusively fund women and minority-led businesses.

— Christine Hall

Illustration: Dom Guzman