Crunchbase Daily: Slack, Actifio, Freee, Kodiak Robotics, Care/of, and Even Financial
Slack is also not slacking on the fundraising trail. The maker of the popular enterprise chat app is reportedly raising $400 million or more at a post-money valuation of at least $7 billion.
Bytedance, the startup behind hit Chinese news aggregator Jinri Toutiao, is reportedly seeking to raise as much as $3 billion in a funding round that could value the Beijing-based company at up to $75 billion.
And so the rise in supergiant venture rounds continues. Deals for $100 million and up hit a record in July, and August is off to a brisk start as well. But where in the world are all the companies raising the capital? A Crunchbase News analysis finds that supergiant round volume in the U.S. and China is highly correlated, with similar deal counts for both countries this year.
Elon Musk surprised investors with a tweet about potentially taking Tesla private at $420 per share, sending the stock soaring. Musk also stated he has funding secured.
Dynamic Yield, a developer of software for making personalized recommendations to online customers, announced that it has raised a $32 million Series D round led by Viola Growth.Share this Post
Connect with Us