Although Juul received a FDA ban on its products, the company is still allowed to temporarily market its products due to the recent appeal that it filed

June 27, 2022

  • Last week, although Juul received a FDA ban on its products, the company is still allowed to temporarily market its products due to the recent appeal that it filed.

  • Starburst Data acquired Varada, a data lake analytics startup.

  • Last week, DataStax raised $115 million at a $1.6 billion valuation.

  • Flutterwave appointed Oneal Bhambani as its new CFO. Bhambani previously worked at American Express as their Head of Capital Markets.

  • Klarna was raising $500 million at a revised $15 billion valuation.

  • HomeLight raised $60 million as an extension of its Series D round and acquired Accept.inc, a mortgage lender.

  • Last week, BlockFi was raising a new funding round at a $1 billion valuation.

  • Flexport appointed Dave Clark as its new CEO. Clark previously worked at Amazon as a senior executive in its global consumer department.

  • GupShup acquired OneDirect, a customer service platform.

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Kirat Lall
Anduril was raising $1.2 billion at a $7 billion pre-money valuation

June 6, 2022

Anduril was raising $1.2 billion at a $7 billion pre-money valuation.

  • Motive (formerly Keeptruckin) raised $150 million at a $2.85 billion valuation.

  • The news articles and links presented below are available for your reference.

  • Go1 raised $100 million at a valuation greater than $2 billion.

  • Lookout Security acquired SaferPass, a password management platform.

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Kirat Lall
Chainalysis raised $170 million at a $8.6 billion valuation

May 24, 2022

  • Chainalysis raised $170 million at a $8.6 billion valuation.

  • Checkout.com acquired ubble, an identity verification startup.

  • Faire raised $416 million as an extension round.

  • Gusto raised $55 million as an extension round.

  • Instacart confidentially filed documents for its upcoming IPO.

  • Razorpay performed a $75 million secondary round.

  • Rippling raised $250 million at a $11.25 billion valuation.

  • Swiggy acquired Dineout, a restaurant reservation platform.

  • Cerebral’s CEO, Kyle Robertson, departed from the company and was replaced by the company’s CMO and President, Dave Mou.

  • Imply raised $100 million at a $1.1 billion valuation.

  • Klarna was raising a new funding round at a $30 billion valuation.

  • SpaceX closed a secondary tender offer at a $125 billion valuation. The company planned to raise $1.7 billion at a $127 billion valuation.

  • SpotOn raised $300 million at a $3.6 billion valuation.

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Kirat Lall
Bolt Financial was sued by one of its leading customers, Authentic Brands Group, for vastly overstating its traction

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.

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Kirat Lall
Deel surpassed $100 million ARR

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.

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Dominic Cioffi