Carro, a Singapore-based online automobile marketplace, scored $360 million in Series C financing, bringing the company’s valuation up to more than $1 billion. SoftBank Vision Fund 2 led the round, and was joined by EV Growth.
ApplyBoard, a Canadian startup whose technology simplifies the study abroad search, application and acceptance process, raised a 375 million Canadian dollar ($307 million) Series D round. Ontario Teachers’ Pension Plan Board led the investment, which included additional support from Fidelity Management & Research Co., BDC Capital, Harmonic Growth Partners, Index Ventures, Garage Capital and Blue Cloud Ventures.
Thumbtack Inc., a San Francisco-based home-management platform, secured a $275 million investment at a $3.2 billion valuation. Qatar Investment Authority led the funding, which included participation from Blackstone Alternative Asset Management, G Squared, Baillie Gifford, CapitalG, Founders Circle Capital, Sequoia Capital and Tiger Global Management.
Motif FoodWorks, a Boston-based plant-based food technology startup, raised $226 million in Series B funding led by Ontario Teachers’ Pension Plan Board and funds and accounts managed by BlackRock Inc.. New investors AiiM Partners, Wittington Ventures, Rethink Food, Rage Capital and Rellevant Partners also participated in the round, in addition to returning backers Breakthrough Energy Ventures, CPT Capital, General Atlantic, Louis Dreyfus Co. and Viking Global Investors.
IRL (In Real Life), a San Francisco-based social calendar and event discovery platform, scored a $170 million Series C round led by SoftBank Vision Fund 2, giving the company a $1.17 billion valuation. New investor Dragoneer Investment Group also joined in the funding, along with existing backers Goodwater Capital, Founders Fund, Floodgate and Owl Capital.
Moonshot Brands, a Miami-based startup that acquires Amazon third-party sellers and direct-to-consumer businesses on Shopify and WooCommerce, emerged from stealth with $160 million in new funding from Y Combinator, Victory Park Capital, Liquid 2 Ventures, Garage Capital, FoundersX Ventures, Outbound Ventures, N49P, KSK Group and others.
PayCargo, a Coral Gables, Fla.-based freight payment platform, snagged $125 million in Series B funding from Insight Partners.
Bringg, a last-mile delivery and fulfillment technology provider, closed a $100 million Series E round, increasing the company’s valuation to $1 billion. Insight Partners led the new funding, which saw participation from Cambridge Capital, Next 47, Pereg Ventures, Salesforce Ventures and Viola Growth. The company has offices in Tel Aviv, Chicago and London.
Heliogen Inc., a Pasadena, Calif.-based renewable energy technology startup, raised $108 million in two funding rounds, including a recently closed $83 million investment. The company’s investors include ArcelorMittal, Edison International, Prime Movers Lab, Ocgrow Ventures, Nant Capital, Revolution’s Rise of the Rest Seed Fund and Neotribe Ventures.
Bitwise Asset Management, a San Francisco-based cryptocurrency index fund manager, completed a $70 million Series B round led by tech investor Elad Gil and Electric Capital. New investors including Third Point, Willoughby Capital, Moore Strategic Ventures, Vetamer Capital and Coinbase Ventures also contributed to the funding, alongside existing backers Highland Capital, Khosla Ventures, Blockchain Capital, Castle Island Ventures and others. The new round values Bitwise at more than $500 million.
Formative, a platform enabling teachers to see student work in real-time, give feedback, track student success and collaborate with fellow teachers, landed a $70 million minority growth investment. Lead investor Summit Partners was joined by Emerson Collective, Fika Ventures, Mac Ventures and Rethink Education in the round. Tom Jennings, a managing director at Summit Partners, will join Formative’s board.
Gloat, a New York-based talent marketplace platform, fetched a $57 million Series C round. Accel led the investment, which included support from existing investors Eight Roads, Intel Capital, Magma Venture Partners and PICO Partners.
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