Startups

Indonesian supply chain startup Advotics raises $2.75M led by East Ventures

The rapid growth of e-commerce in Indonesia, especially during the pandemic, is placing increasing demands on its supply chain infrastructure. But the country’s logistics industry is highly fragmented, with companies usually relying on multiple providers for one shipment, and many warehouses are still concentrated around major cities. Advotics wants to help with software to make […]

Sequoia Capital India’s Surge invests $2M in sales engagement platform Outplay

Sales engagement platforms (SEP) help sales teams automate and track the large number of tasks they need to do each day as they contact leads and home in on potential deals. Focused on small-to-medium-sized companies, SEP startup Outplay announced today it has raised $2 million from Sequoia Capital India’s Surge program for early-stage startups. Outplay […]

Proptech startup States Title, now Doma, going public via SPAC in $3B deal

Real estate tech startup Doma, formerly known as States Title, announced Tuesday it will go public through a merger with SPAC Capitol Investment Corp. V in a deal valued at $3 billion, including debt. SPACs, often called blank-check companies, are increasingly common. They exist as publicly traded entities in search of a private company to […]

Fluid Truck, the Zipcar of commercial trucks, raises $63M to take on rental giants

Fluid Truck has built an app-based platform that aims to take away the pain and cost of owning or leasing commercial vehicles, all while grabbing market share from established companies like Penske, Ryder and U-Haul.  Now, it has the capital to help it get there. The Denver-based company said Tuesday it raised $63 million in […]

SpineZone is the latest health tech startup to raise millions in the musculoskeletal space

SpineZone is a startup that creates personalized exercise programs and treatment for neck and back pain. The company uses an online platform and in-person clinics to deliver a curriculum that, ideally, helps patients avoid the need for prescription drugs, injections and surgeries, and providers then avoid the cost of all of the above. Co-founded by […]

Retail Zipline raises $30M as it helps retailers adapt to the pandemic

When I first wrote about Retail Zipline in 2019, the startup was focused on building a communication platform that would help corporate decision-makers in retail communicate with individual stores. As you’d probably guess, the startup saw some changes in 2020. “When COVID first hit, you might think a company that’s primarily focused on retail would […]

SkyMul’s drones secure rebar on the fly to speed up construction

There are many jobs in the construction industry that fall under the “dull, dirty, and dangerous” category said to be ripe for automation — but only a few can actually be taken on with today’s technology. One such job is the crucial but repetitive task of rebar tying, which a startup called SkyMul is aiming […]

What to expect tomorrow at TC Sessions: Justice 2021

Get ready to engage in essential conversations about some of the most important issues facing the tech industry — diversity, equity, inclusion and labor. TC Sessions: Justice 2021 — a day-long virtual symposium — begins tomorrow, March 3, and we’re here to highlight just a few of the powerful people, presentations and fireside chats you […]

Vestiaire Collective raises $216 million for its second-hand fashion platform

Vestiaire Collective announced a new funding round. The company has raised $216 million, or €178 million — it has reached a valuation above $1 billion, making it a unicorn. French fashion and luxury group Kering is leading the round with Tiger Global Management. Kering now owns 5% of Vestiaire Collective. The startup operates an online marketplace […]

Instacart raises $265M at a $39B valuation

On-demand grocery delivery platform Instacart has raises a $265 million funding ground from existing investors, including Andreessen Horowitz, Sequoia Capital, D1 Capital Partners and others. The new funding, which, like its past few rounds, isn’t assigned a Series alphabetical designation, pushes the company’s valuation to $39 billion – more than double its $17.7 billion valuation […]

Indonesian payments infra startup Xendit raises $64.6M in Accel-led Series B

Fueled by the COVID-19 pandemic, digital transformation is happening all over the world. And Southeast Asia is no exception. Indonesia’s Xendit, a startup focused on building digital payments infrastructure for the region, has just raised $64.6 million in a Series B led by Silicon Valley heavyweight Accel. The funding brings the total amount raised by […]

Beam raises $80M as the dental insurer looks to keep up rapid historical growth

This morning Beam, an insurtech startup that provides dental coverage to corporate employees, announced that it has closed an $80 million Series E. Mercato-affiliated Traverse led the investment, with Nationwide insurance joining the deal. Both are new investors in Beam. Prior investors Drive Capital and Georgian Partners also put capital into the funding event. The investment […]

Flink, the Berlin-based grocery delivery startup that operates its own ‘dark stores’, raises $52M

The on-demand grocery delivery industry in Europe (and beyond) continues to heat up amidst the pandemic, including a plethora of startups taking a vertical approach by operating their own delivery only — or “dark” — stores. The latest to show its hand is Berlin-based Flink, which today is announcing that it has raised a hefty […]