The Uncomfortable Truth About Going Public With a Money-Losing Business: Term Sheet for Tuesday, April 30
Tue Apr 30 2019
Lucy Harlow (2405 articles)

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.

Lucy Harlow

Lucy Harlow

Lucy Harlow is a senior Correspondent who has been reporting about Commodities, Currencies, Bonds etc across the globe for last 10 years. She reports from New York and tracks daily movement of various indices across the Globe