The Uncomfortable Truth About Going Public With a Money-Losing Business: Term Sheet for Tuesday, April 30
• UiPath, a New York-based AI enterprise software developer, raised $ 568 million in Series D funding at a post-money valuation of $ 7 billion. Coatue led the round, and was joined by investors including Dragoneer, Wellington, Sands Capital, T. Rowe Price Associates, Inc. Accel, CapitalG, Sequoia, IVP and Madrona Venture Group.
• Faraday Future, a Gardena, Calif.-based electric vehicle maker, raised $ 225 million in bridge funding. Birch Lake Associates led the round. Read more.
• Divvy, a Lehi, Utah-based tech-enabled replacement of monthly expense reports, raised $ 200 million in funding. NEA led the round, and was joined by investors including Pelion Venture Partners and Insight Venture Partners.
• Spot.IM, a New York-based social engagement and community platform for digital publishers, raised $ 25 million in Series D funding. Insight Venture Partners led the round, and was joined by investors including Millhouse Capital, AltaIR Capital, Cerca, and Jonah Goodhart.
• ManyChat, a messenger marketing platform, raised $ 18 million in Series A funding. Bessemer Venture Partners led the round, and was joined by investors including Flint Capital.
• Perkbox, a London-based employee experience platform, raised £13.5 million ($ 17.6 million) in funding. Draper Esprit led the round.
• Congenica, a U.K.-based clinical decision support platform provider, raised £13.25 million ($ 17.1 million) in funding. Parkwalk Advisors led the round, and was joined by investors including Digital China Health Technologies Corporation Limited.
• HUM Nutrition, a Los Angeles-based nutrition company that develops vitamins, supplements and powders, raised $ 15 million in Series B funding. Sonoma Brands led the round, and was joined by investors including CircleUp Growth Partners, Natalie Massenet and Nick Brown’s Imaginary Ventures, and Strand Equity Partners.
• Pana, a Denver-based startup focusing on corporate travel, raised $ 10 million in Series A funding. Bessemer Venture Partners led the round, and was joined by investors including Techstars, Matchstick Ventures, and MergeLane Fund.
• Finitive, a New York-based financial technology platform providing institutional investors with direct access to alternative lending investments, raised $ 6 million in seed funding. Atomic Labs led the round, and was joined by investors including Ninepoint Partners.
• Intrinio, a St. Petersburg, Fla.-based developer of a platform for data feeds and fintech applications, raised $ 5 million in Series A funding. Nyca Partners led the round, and was joined by investors including Engage, Bascom Ventures and VilCap Investments.
• Cushion, a San Francisco-based developer of an app that helps consumers negotiate their bank and credit card fees, raised $ 2.8 million in seed funding. Investors include Afore Capital, 9Yards Capital, Flourish, Green Cow Venture Capital, and Vestigo Ventures.
• Duco Advisors, Inc, a San Francisco-based software-as-a-service marketplace that helps enterprises hire consultants for high-value projects, raised $ 1.7 million in seed funding. Subversive Capital led the round, and was joined by investors including NFX and Bulldog Innovation Group.
• Zūm, a logistics platform that offers child transportation for school districts, raised funding of an undisclosed amount from Citi Ventures. This investment is an addition to its existing $ 40 million Series C round.