Addepar raises $140M to track wealth
Addepar, a software platform for wealth management, just got wealthier. The Silicon Valley-based company closed a $140 million Series D funding round led by Valor Equity Partners, 8VC, and hedge fund investor Harald McPike. The financing follows a period of sharp growth for Addepar, with the value of assets on its platform more than doubling in the past year-and-half to over $650 billion.
Essential dials up $300M
Essential, a startup run by Android creator Andy Rubin, has secured $300 million to bolster its position in the ultra-competitive consumer electronics space. The financing, which reportedly values the company at over $900 million, comes on the heels of Essential’s debut of a high-end smartphone and connected home device.
Recruiting startups lure more VC cash
Investment into recruitment startups has risen sharply in the past few years, Crunchbase News reports, led by companies using technology to simplify the task of finding and filling jobs. Many are turning to AI to automate and refine the recruiting process.
WeWork acquires Fieldlens
WeWork has acquired Fieldlens, a provider of communication tools for construction teams, for an undisclosed sum. New York-based Fieldlens previously raised about $13 million in venture funding.
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