News about Silicon Valley business almost everyday.
SAN FRANCISCO — Swell Commerce, which bills itself as a headless commerce platform serving fast growing businesses, has raised a $20 million Series A funding round led by VMG Catalyst and Headline. The global company, which aims to put an end to merchant replatforming, will use the funds to accelerate adoption and to develop an ecosystem of apps, themes, integrations and […]
SAN FRANCISCO — Vartana, a provider of managed checkout and Buy Now Pay Later (BNPL) options for businesses, has launched with $57 million in seed funding. The new capital includes $7 million in equity led by technology firm Audacious Ventures and $50 million in debt from i80 Group, a specialty finance firm providing capital and support to […]
SAN FRANCISCO — 64x Bio, a synthetic biology company, has closed a $55 million Series A financing round to fund the expansion of its VectorSelect platform, a novel cell line engineering technology which has the potential to revolutionize the economics and accessibility of gene therapy. The Series A financing was led by Lifeforce Capital, with […]
SOUTH SAN FRANCISCO — Phantom Auto, a provider of remote operation software for logistics vehicles, has raised a strategic investment of $42 million led by ArcBest, a multi-billion dollar freight and logistics service provider, and NFI, one of the largest third-party logistics providers in North America. ArcBest and NFI have signed commercial agreements to deploy thousands […]
BURLINGAME — Pixis (formerly known as Pyxis One), a provider of contextual codeless AI infrastructure for marketing optimization, has secured $100 million in Series C funding. Pixis will use funds to help the company rapidly scale its AI platforms and plugins, as well as accelerate expansions across North America, Europe, and APAC. The Series C […]
BURLINGAME — Lyra Health, a provider of Workforce Mental Health solutions for employers, has completed a $235 million financing. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. With the new funding, Lyra will accelerate its delivery of comprehensive, evidence-based, culturally responsive mental health care benefits for employees and […]
SAN FRANCISCO — SoFi Technologies, the digital personal finance company, has been approved by the Office of the Comptroller of the Currency (OCC) and the Federal Reserve to become a Bank Holding Company through its proposed acquisition of Golden Pacific Bancorp. SoFi will operate its bank subsidiary as SoFi Bank, National Association. SoFi expects the […]
SAN FRANCISCO – For those of you not interested in making your own meals, Instacart, the leading online grocery delivery service, has launched Ready Meals directly from supermarkets. Ready Meals provides fresh, healthy and cost-effective alternatives to restaurant takeout from customers’ favorite grocers. With Ready Meals, consumers nationwide can now take a break from cooking […]
A new year means new subs from Subway. The world’s largest sandwich chain — with nearly 40,000 restaurants in 100 countries — is debuting two brand new subs alongside the return of five fan-favorite menu items, back by popular demand. Brand New SandwichesSubway’s two newest subs include: Baja Turkey Avocado: This sub combines fresh flavors […]
Y Combinator, the top accelerator program in Silicon Valley, is boosting the standard deal it offers startups this year after a banner 2021. According to a blog post by President Geoff Ralston, Y Combinator will now invest a total of $500,000 to any company accepted into its batch program. It will still invest $125,000 for […]
DEARBORN, MI, and SAN FRANCISCO – Ford Motor Company has signed a five-year agreement with Stripe to scale the automaker’s e-commerce capabilities faster and to deliver an always-on experience for Ford and Lincoln customers. Rollout of Stripe technology is expected to begin in the second half of 2022, starting in North America. “We have been […]
SAN FRANCISCO — Verana Health, a digital health company that quality drug lifecycle and medical practice insights from a real-world data network, has landed a $150 million Series E funding round led by Johnson & Johnson Innovation – JJDC, Inc. (JJDC) and Novo Growth, the growth-stage investment arm of Novo Holdings. Existing Verana Health investors GV (formerly […]