January 27, 2021

Atlanta spawns more unicorns as funding spikes

Atlanta has been quietly producing unicorns at an unprecedented pace lately, positioning the metro area as the leading tech hub in the Southeastern United States. Funding for venture-backed startups based in the greater Atlanta area, meanwhile, hit a 5-year high last year, reaching nearly $2 billion.

Mediafly secures $25M to enable sales

Chicago-based Mediafly, a provider of tools for creating sales pitch decks and other presentations, raised $25 million in debt and equity financing. Boathouse Capital provided the equity, and Sterling National Bank provided senior debt.

Stilt lands debt round for immigrant fintech

Stilt, a startup providing financial services for U.S. immigrants, raised a $100 million debt facility from Silicon Valley Bank. The financing will go to support its lending product and a new checking account offering for customers and people without credit.

SamCart bags $10M for D2C marketplace

SamCart, an Austin-based startup developing an e-commerce platform designed for direct-to-consumer brands, raised $10 million in a Series A funding round led by TTV Capital. The company provides a way for brands to create websites that showcase their products and drive sales.

Scalapay lands funds for buy now, pay later tool

Ireland-headquartered fintech startup Scalapay secured $48 million in a seed round to roll out its “buy now, pay later” platform in Europe. Fasanara Capital led the round, which included debt and convertible notes.

Fashion prediction upstart Finesse raised $4.5 million in a round backed by multiple seed investors. The Los Angeles-based startup designs a software platform to forecast and streamline production and manufacturing of the latest fashion trends.

TCV raises $4B for biggest fund yet

Venture and growth-stage investor TCV closed on $4 billion for its latest fund, TCV XI, its largest to date. Founded in 1995, the Silicon Valley-headquartered firm has invested more than $14 billion in over 350 growth-stage technology companies.

Keep up with the Crunchbase News Briefing

To keep up on breaking news throughout the day, check out the Crunchbase News Briefing. This continuously updated daily feature on our main news site has summaries of notable funding announcements, IPOs, M&A, and other happenings in the startup world.

What you need to know about negotiating a venture term sheet

For any founder, whether a first-timer or a serial entrepreneur, it’s an exciting moment when you receive a term sheet from a venture capital fund for your company’s first preferred stock financing round. Then comes the hard work: digesting, understanding and negotiating the key provisions of the term sheet.

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Recent Investments

Calendly

$350M / Series A

Calendly is an automated scheduling tool that takes the work out of connecting with others so that its users can accomplish more.

Categories:

Information Technology • Productivity Tools • Scheduling • Software

Founders:

Tope Awotona

Investors:

OpenView (Lead), ICONIQ Capital

Bloomreach

$150M / Series E

Bloomreach is an API company that helps eCommerce customers create, personalize, and scale commerce experiences.

Categories:

Developer APIs • E-Commerce • Sales Automation • UX Design

Founders:

Ashutosh Garg, Raj De Datta

Investors:

Sixth Street (Lead)

Sidecar Health

$125M / Series C

Sidecar Health is an insurtech company that provides a personalized health insurance platform.

Categories:

Health Care • Health Insurance • Insurance • InsurTech

Founders:

Patrick Quigley, Veronica Osetinsky

Investors:

Drive Capital (Lead), Bond, Cathay Innovation + 3 more

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tealbook Unknown / Debt Financing Silicon Valley Bank
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