Nextdoor, Uber, HBCUvc, Glofox, Virgin Hyperloop One, CrowdStrike, Rimac, Grofers and Karat
Virgin Hyperloop One closes most of $225M round
Next-gen transportation network developer Virgin Hyperloop One has raised $172 million in fresh financing, according to a securities filing. The Los Angeles-based company is seeking to raise a total of $225 million in the funding round.
CrowdStrike files for IPO
CrowdStrike, a cybersecurity startup that offers anti-virus protection and threat monitoring for corporations, is the latest heavily-funded Silicon Valley tech company to file for a public offering. Its IPO prospectus reveals sharply growing revenues, improving margins, and large, persistent losses.
Rimac raises $90M as EV funding revs up
Rimac, a Croatian electric car and component manufacturer most famous for its supercars, raised $90 million from Hyundai and Kia. The financing comes as overall financing for the electric vehicle space continues its bullish trajectory, with more than $2 billion going to startups so far this year.
Indian delivery startup Grofers raises $200M from SoftBank
SoftBank’s latest deal is a $200 million Series F investment in India-based online grocery delivery service Grofers. The funding brings total capital raised by the startup to more than $440 million.
Karat raises $28M to streamline hiring
Seattle-based Karat, a provider of interview tools for technical hiring, has raised $28 million in a Series B round led by Tiger Global.
Crunchbase: What should your startup spend on product?
We did an analysis looking at product and R&D spend at 123 successful upstarts that ultimately exited via IPO to see what your startup should be spending on product. Here’s what we found.
Nextdoor secures $123M
Nextdoor, an online platform for connecting neighbors and neighborhoods, raised $123 million in a new round led by Riverwood Capital. The San Francisco-based company plans to use the funding in part to fuel its continued international expansion.
Don’t compare Uber IPO troubles to Facebook
Uber’s IPO was an important moment for the unicorn era: Could a company with slowing growth and persistent sharp losses defend its private-market value or IPO price? The answer so far is no and no. And while market watchers may be tempted to compare Uber to other market giants that struggled out the gate, like Facebook and Google, their fundamentals were fundamentally different.
List spotlights Black, Latinx rising star VCs
HBCUvc, a fellowship program for Black and Latinx students pursuing venture capital careers, recently launched its inaugural “31 Under 31” list identifying rising stars in the field.
Glofox raises $10M for fitness management
Glofox, a startup that sells software to boutique fitness studios, recently picked up a $10 million Series A round led by Octopus Ventures.
Crunchbase: How to pitch to a public company
With an influx of companies like Uber, Lyft, and Pinterest launching IPOs, it’s increasingly important to understand how to pitch your product to public companies. Here are some guidelines outlining key differences compared to pitching to a private company.
