Zephyrnet Logo

The Briefing: Revolut Raises $800M, Teikametrics Lands $40M, And More

Date:

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

Revolut raises $800M

London-based fintech unicorn Revolut raised $800 million in a Series E funding round backed by Softbank Vision Fund 2 and Tiger Global.

The financing sets a $33 billion valuation for the 7-year-old company, which will use the money in part to expand its offerings to U.S. customers and to branch out into India and other international markets.

Revolut offers a financial app that people can use for money transfer, exchange and other tasks. The company previously raised just over $900 million in known funding, per Crunchbase data.

Teikametrics lands $40M

Boston-based Teikametrics, a provider of e-commerce optimization software, raised $40 million in a fresh Series B funding round.

Funding round

SecurEnds picks up $21M: Atlanta-based SecurEnds, a provider of identity governance and access control technology, announced that it raised $21 million in a Series A round led by Elephant.

— Joanna Glasner

Enterprise software

Netradyne closes $150M Series C: San Diego-based Netradyne raised a $150 million Series C led by SoftBank Vision Fund 2, with participation from existing investors Point72 Ventures and M12. Founded in 2015, the company has raised nearly $200 million to date.

Netradyne uses AI and edge computing to provide fleets with enhanced video safety cameras and performance analytics tracking to help reduce risky driving behaviors.

— Chris Metinko

Illustration: Dom Guzman

Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.

Crunchbase News’ top picks of the news to stay current in the VC and startup world.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://news.crunchbase.com/news/briefing-7-15-21/

spot_img

Latest Intelligence

spot_img

Chat with us

Hi there! How can I help you?