The pattern of giant funding rounds continues. Plaid, a maker of tools that allow apps to connect to bank accounts, raised $250 million in a Series C round led by venture capitalist Mary Meeker on behalf of Kleiner Perkins. The financing reportedly sets a $2.65 billion valuation for San Francisco-based Plaid.
New York-based Vroom, operator of an online auto retail platform, has raised $146 million in a Series G round led by publicly traded AutoNation. The round brings the five-year-old company’s total raised to date to $440 million.
For the Latin American startup ecosystem, 2018 has been a year of new unicorns and new records, including the region’s largest funding round ever. Crunchbase News takes a look at what’s driving the boom.
December is traditionally a quieter month for startup news. Not so this year. Things are hot in startup-land at the moment, with a mix of big rounds, acquisitions, and major IPO filings.
Executives at identify security provider Okta believe we’re still in surprisingly early innings for subscription revenue in the tech market. As a result, it appears enterprise SaaS adoption is picking up and more companies in the space are sharing figures on new large accounts.