Crunchbase Daily: Minted, Procore, Luckin Coffee, G2 Crowd and Siftery

Minted scoops up $208M

San Francisco-based Minted, an online platform for crowdsourcing designs from independent artists, raised $208 million in a Series E round led by Permira and T. Rowe Price.

Procore raises $75M at $3B valuation

Procore, a provider of cloud-based construction management applications, announced that it has raised a $75 million Series H round from Tiger Global Management. The financing sets a valuation of $3 billion for the 16-year-old company.

Luckin Coffee gulps down $200M

China’s quickly rising Starbucks competitor Luckin Coffee just slurped up $200 million in a new financing led by GIC and China International Capital Corporation.

Dear founder: you’re not the best person to run your company

In this opinion piece, Ron Gibori, Managing Partner at Idea Booth, explains why he thinks founders don’t make great CEOs and why if you’ve ever worked at a startup you probably experienced the Founder’s Dilemma first hand.

Uber, Lyft have long history of synchronized strategy moves

Just a few days ago, Uber and Lyft filed almost simultaneously to initiate the process of going public. It’s the latest twist in a long history of synchronized financing moves for the ride-hailing rivals, which have been raising capital and rolling out new services in lockstep for close to a decade.

G2 Crowd acquires Siftery

Chicago-based G2 Crowd, an online platform for researching and finding business software, announced that it is buying another startup, Siftery, a provider of tools for managing software stacks, for an undisclosed sum.

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