May 10, 2022
Bolt Financial was sued by one of its leading customers, Authentic Brands Group, for vastly overstating its traction.
Harness raised $230 million at a $3.7 billion valuation.
OpenSea acquired Gem, a NFT aggregation site.
Deliverr was acquired by Shopify for $2.1 billion.
Thrasio appointed Greg Greeley as its new CEO. Greeley previously was the President of Homes at Airbnb and spent 18 years working as a Vice President at Amazon.
April 26, 2022
Deel surpassed $100 million ARR.
Epic Games raised $2 billion from Sony and Kirkbi investment company, the parent company of the Lego Group. As a result of the new funding round, the company’s valuation rose to $31.5 billion.
Ōura Health raised a new funding round at a $2.55 billion valuation.
Brex acquired Pry Financials, an accounting software startup that tracks budgeting and forecasts cash flow.
ByteDance appointed Julie Gao as its new CFO. Gao previously was a capital markets attorney at Skadden.
Convoy raised $260 million in debt and equity at a $3.8 billion valuation.
Flutterwave’s current CEO was accused of financial misconduct for creating a false cofounder to gain more shares of the company.
April 4, 2022
Cross River Bank raised $620 million at a $3 billion valuation.
Docker raised $105 million at a $2.1 billion valuation.
Niantic acquired NZXR, an augmented reality startup.
Pensando was acquired by AMD for $2 billion.
Remote raised $300 million at a roughly $3 billion valuation.
March 29, 2022
Last week, GoTo Group planned to raise $1.1 billion in its upcoming IPO.
Webflow raised $120 million at a $4 billion valuation.
Indigo AG appointed John Frederick as its new CFO. Frederick previously was the CEO of SumTotal Systems and the Chief Administrative Officer at Skillsoft.
Instacart reduced its internal valuation to $24 billion which represents a 38% discount to its last round valuation in March 2021.
Ola acquired Avail Finance, a platform that assists blue collar workers with their finances.
SparkCognition acquired Integration Wizards, an advanced visual AI startup.
March 14, 2022
Addepar appointed Eric Daniels as its CFO. Daniels previously was the CFO of Real Capital Analytics, COO and CFO of automotiveMastermind Inc and the CFO of NRC National Response Corporation.
Epic Games acquired Bandcamp, a music download platform.
Acorns raised $300 million at a $1.9 billion valuation.
Byju’s raised $800 million at a $22 billion valuation.
CircleCI acquired Ponicode, a software testing platform.
Course Hero acquired Scribbr, an edtech suite with tools equipped to assist students apply for college.
Niantic acquired 8th Wall, an AR development platform.
Scopely invested $20 million in a new gaming studio, Burlingame Studios.
February 28, 2022
Bloomreach raised $175 million at a $2.2 billion valuation.
Klarna’s operating losses increased to 6.58 billion Swedish crowns ($688.85 million) in FY 2021 which represents a 4X multiple compared to last year’s operating losses.
Omada Health raised $192 million at a $1 billion valuation.
Circle Internet Financial planned to be acquired by Concord Acquisition Corp, a SPAC, in a deal that values the company at $9 billion.
Flutterwave raised $250 million at a $3 billion valuation.
Noom paid $62 million as part of its lawsuit pertaining to making it difficult for users to opt out of subscription renewals.
Roman Health raised $150 million at a $7 billion valuation.