On-demand food delivery remains hot. San Francisco-based DoorDash just raised $600 million, and is now worth $12.6 billion, a big jump from its prior round. The company’s quick value appreciation comes on the heels of sharp business growth.
The Beehive State is on a roll, generating giant exits, big rounds, and a host of intriguing early stage companies. Crunchbase News takes a look at how the numbers add up and talks to Utah investors and founders about what’s driving the boom.
Leading U.S. public universities have a track of graduating students who go on to launch well-funded startups. We tally up how top research universities rank when it comes to alums who’ve raised funding in the past year.
Houston-based biopharmaceutical company AlloVir (formerly known as ViraCyte) raised $120 million in a Series B round. The company develops therapies to fight viral infections in people with compromised immune systems.
Fifteen years ago, it may have been necessary for Mark Zuckerberg to fly out to California to convince VCs to invest in Facebook. But these days, more often we learn that entrepreneurs don’t need to move to the Bay Area for venture funding.
Last month, the New York City Comptroller’s office published an analysis of the global venture capital ecosystem from a New York City-oriented perspective, using data provided by Crunchbase. Here are the two biggest conclusions the report drew.
Crunchbase Daily will not be publishing on Monday, May 27, in observance of Memorial Day. We’ll be back on Tuesday.
Security provider Palo Alto Networks just announced a pair of startup acquisitions, extending an ongoing buying spree. It’s paying $410 million for Twistlock, a container security provider. It’s also purchasing PureSec, a serverless security platform, for an undisclosed sum.
Brex, a two-year-old credit company targeting market verticals including startups, is reportedly hunting fresh capital at a valuation around $2 billion. If successful, the fundraise would make the San Francisco-based startup one of the fastest ever to reach that valuation milestone.
And the fintech financing news keeps coming. SoFi, a unicorn best known for student debt refinancing, raised more than $500 million in a fresh round. The investment, backed by the Qatar Investment Authority (QIA) and others, sets a pre-money valuation around $4.3 billion.
CrowdStrike, a technology company working in cybersecurity, announced a price range for its initial public offering that sets a preliminary valuation for the unprofitable but fast-growing company of between $3.7 billion and $4.5 billion.
Santé Ventures, an Austin-based healthcare and life science-focused venture firm, has raised $250 million for its third fund. The amount is significantly higher than the $139 million raised for the firm’s last fund, which closed in 2011.
Insurance firm Northwestern Mutual announced that it is creating a second, $150 million corporate venture capital fund to invest in startups that help people attain financial security.
Powered by Crunchbase data, StartupBlink has launched the Startup Ecosystem Rankings Report 2019, with rankings for 1,000 cities and 100 countries. This is our first report to track both momentum and trends within the global startup ecosystem. See how your city ranks.