Right here’s what you want to know right this moment in startup and enterprise information, up to date by the Crunchbase Information workers all through the day to maintain you within the know.
23andMe going public by way of SPAC
Client genetic testing and analysis firm 23andMe introduced that it plans to go public by a merger with VG Acquisition Corp. , a particular objective acquisition firm, or SPAC, sponsored by Virgin Group.
The transaction is anticipated to shut throughout the second quarter of this 12 months, after which the mixed firm’s securities will commerce underneath the ticker image ME.
The enterprise mixture values Sunnyvale, California-based 23andMe at an enterprise worth of roughly $3.5 billion. The transaction is anticipated to ship as much as $759 million of gross proceeds by the contribution of as much as $509 million of money from VG Acquisition Corp. and a concurrent $250 million non-public placement of frequent inventory.
— Joanna Glasner
BigChange raises $102M for fleet platform
Leeds, U.Ok.-based BigChange, a startup that builds fleet administration software program for cellular workforces, closed a spherical of £75 million ($102 million) from Great Hill Partners at a valuation of £100 million.
BigChange says that at the moment round 1,500 corporations and 50,000 cellular employees and again workplace personnel use its platform. The corporate plans to double the scale of its group over the subsequent three to 5 years, to achieve round 400 folks.
That is the primary main spherical of institutional funding for the 8-year-old firm, which had beforehand raised round $2 million in seed funding, per Crunchbase knowledge.
— Joanna Glasner
Rocket.Chat raises $19M: Rocket.Chat, a Brazil-based startup working an open source-based platform for group chatting and collaboration, has raised $19 million in a Collection A funding spherical backed by a number of enterprise corporations.
— Joanna Glasner
Fintech and e-commerce
Tovala raises $30M: Tovala, a Chicago-based firm providing a meal service paired with a countertop sensible oven, announced $30 million in Collection C funding led by Left Lane Capital, with participation from current buyers together with Finistere Ventures, Comcast Ventures, OurCrowd, Origin Ventures and Pritzker Group Venture Capital. That is Tovala’s second fundraise in six months, bringing the corporate’s complete funding to greater than $50 million because the firm was based in 2017, together with a $20 million Series B in June, led by Finistere. The funds might be used for product growth, to open a brand new manufacturing facility and to increase the group. Tovala’s starter equipment is generally priced at $299 and meals are as little as $11.99 per meal.
Opyn, GajiGesa elevate small rounds: Decentralized finance (DeFi) choices protocol Opyn closed a $6.7 million Collection A funding spherical, led by Paradigm. Observe-on backers embrace Kain Warwick and Stani Kulechov. Dragonfly Capital Partners additionally participated after main the $2.16 million seed spherical in June. The Collection A provides San Francisco-based Opyn $9.1 million in complete funding because the firm was based in 2019, in accordance with Crunchbase knowledge. The funds might be used to additional product growth and develop the group. Whereas startups are popping out with instruments and merchandise underneath DeFi, which is monetary software program constructed on the blockchain that may be pieced collectively, specialists say DeFi continues to be not consumer-ready, however might be an essential facet of financial services blockchain. In the meantime, GajiGesa, based in 2020 and based mostly in Jakarta, raised $2.5 million in seed funding to increase its monetary wellness platform for employees in Indonesia. Defy.vc and Quest Ventures co-led the spherical and had been joined by a gaggle that included GK Plug and Play and Next Billion Ventures.
— Christine Corridor
Illustration: Dom Guzman
Keep updated with current funding rounds, acquisitions, and extra with the
Crunchbase Day by day.