News about Silicon Valley business almost everyday.
SAN FRANCISCO — Stride Health, a provider of portable benefits for independent workers, has raised a $47 million Series C round, bringing its total funding to $96 million. The round was led by King River Capital with participation from Mastercard and Allstate along with existing investors Venrock, NEA, Fidelity’s F-Prime Capital, and Moderne Ventures. The […]
SAN JOSE — Citcon, a mobile wallet payment provider that connects businesses worldwide, has received $30 million in Series C financing led by Norwest Venture Partners and Cota Capital. Sierra Ventures and Sonae IM also joined the round. The new funding will support the hiring of additional staff and global expansion that builds on the […]
SAN FRANCISCO — GrubMarket, a San Francisco-based food technology company, has raised $145 million in a heavily oversubscribed Series E funding round from funds and accounts managed by BlackRock, Liberty Street Funds, Japan Post Capital, Walleye Capital, Celtic House Asia Partners, INP Capital, Pegasus Tech Ventures, RIVC and Gaingels, among participants. This round values GrubMarket at over […]
Car rental company Hertz is announcing a significant investment to offer the largest Electric Vehicle (EV) rental fleet in North America and one of the largest in the world. This includes an initial order of 100,000 Teslas by the end of 2022 and new EV charging infrastructure across the company’s global operations. As interest in electric […]
SAN FRANCISCO — Wonolo, an online platform that’s trying to disrupt the temporary staffing industry, has raised a $138 million growth round, led by Leeds Illuminate with participation from 137 Ventures and G2 Venture Partners. Franklin Templeton also came in on the round. This latest round brings Wonolo’s total venture funding to over $200 million. “As labor shortages continue, workers […]
CAMPBELL — Saama Technologies, Inc. announced funds led by global investment firm Carlyle have made a strategic growth investment and will acquire a majority stake in the Company. A broad co-investor group with several healthcare-focused venture funds, including Amgen Ventures, Intermountain Ventures, Merck Global Health Innovation Fund (“Merck GHI”), McKesson Ventures, Northpond Ventures, Pfizer Ventures, […]
SAN FRANCISCO and ANKARA, TURKEY — Picus Security, the pioneer of Breach and Attack Simulation (BAS) technology, announced the completion of its $24 million Series B funding round. The investment is led by Turkven with participation from existing investor, Earlybird Venture Capital, as well as cyber security veteran, Nathan Dornbrook. The round brings Picus’ total funding to $33 million and will be used […]
SAN JOSÉ — The Silicon Valley Leadership Group (SVLG) announced that Eric Yuan, Founder and CEO of Zoom Video Communications, Inc., and regional healthcare workers will be recognized with Spirit of Silicon Valley Lifetime Achievement Awards during SVLG’s Annual Forum event on October, 29, 2021. The event will be held virtually on (where else?) Zoom […]
PALO ALTO — SkyHive, the SaaS platform providing workforce transformation and labor market development guidance, has announced a $40 million Series B investment round led by Eldridge, with participation from other investors Allegis Cyber, Accenture Ventures, Workday Ventures, and the Partnership Fund For New York City. Recently recognized by The World Economic Forum as a 2021 […]
SAN FRANCISCO — Kruze Consulting, a CFO consulting company for startups, has released new data on the best credit cards for startups. The data comes from analysis of the 450+ venture-funded startups clients at Kruze. Full details can be found on Kruze’s Best Startup Credit Cards page, but the data reveals just how popular Brex has become amongst […]
FREMONT — Weee!, the largest and fastest-growing ethnic e-grocer in North America, announced the acquisition of RICEPO, an online Asian food delivery company based in Silicon Valley. The move will bolster Weee!’s growing demands of customers nationwide seeking diverse and authentic food-at-home options, from groceries to restaurant meals. Terms of the deal weren’t disclosed. Weee! continues […]
SAN MATEO – Openprise, a developer of RevOps automation solutions for automating marketing and sales processes, has secured $16 million in an over-subscribed Series A investment round led by SIG Asia Investment, an affiliate of the Susquehanna International Group, with new investments from Banyan Pacific Capital, and Citta Capital. Existing investors Alumni Ventures and AI […]