Fintech startup ScaleFactor has closed on $60 million in Series C funding, just seven months after closing on a $30 million Series B round. The Austin-based company develops an online platform focused on building a back office for small and medium-sized businesses.
Lyft posted second quarter results that showed two important things, each positive. Namely that the company could grow more quickly than expected, and that it could lose less money while doing so.
Webflow, a no-code web development platform, has raised a massive $72 million Series A round of funding led by Accel. The financing reportedly values the San Francisco-based company at between $350 million and $400 million post-money.
LeafLink, a wholesale marketplace for the cannabis industry, closed on $35 million in a Series B round led by Thrive Capital. The financing follows a record quarter for fundraising by cannabis-focused startups.
New York-based Valar Ventures, a tech investor primarily focused on seed and early stage, raised $150 million for a new venture capital fund, according to a securities filing. Valar Fund V is the largest flagship fund raised to date for the firm, which counts Peter Thiel as a founding partner.
While temperatures were scorching in Texas, funding activity was much more tempered in the past month. As usual, Austin-based startups led the pack in securing larger-sized rounds.
Today, we’re in a much less forgiving startup ecosystem, and a slow start can separate the startup winners and losers. Here’s what you need to know before making a major investment of time and money in your company.
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