May 29, 2020

Late-stage funding has stayed strong in 2020

Somewhat surprisingly, late-stage funding has held steady in the first four months of the year per Crunchbase data. Overall, investors put $54 billion to work, roughly the same amount as the comparable period in 2019. Seed and early-stage funding, meanwhile, appear to be contracting more sharply amid the pandemic. 

Cisco to buy ThousandEyes for $1B

Cisco is buying network intelligence startup ThousandEyes in a deal reportedly valued at around $1 billion. San Francisco-based ThousandEyes, which previously raised $110 million in venture funding, provides tools to help IT teams determine what’s braking or slowing down apps and websites.

Didi raises over $500M for autonomous driving

China’s ride-hailing giant Didi Chuxing raised more than $500 million for its autonomous driving subsidiary in a funding round led by SoftBank’s Vision Fund 2. The financing is the first fundraising round for that business since it was spun off into its own company in August.

Credit cards up rewards for spending from home

Credit card companies commonly provide rewards for spending on travel and dining. But as those activities diminish amid the pandemic, they’re focusing rewards on products and services that people and companies can use while sheltering in place. The list includes fintech company Brex, best known for its credit cards for startups. 

RemoteHQ raises $2.7M seed round

RemoteHQ, a Boston-based startup with a virtual office platform aimed at helping employees work from anywhere, has raised $2.7 million in a seed round led by TECHU and Underscore VC.

How sales managers can get their team out of a slump

While the sales career path is known to be a roller coaster ride, sometimes the lows are prolonged much longer than anticipated and reps are caught in a slump. This year threw a brand new chaos factor into the mix: COVID-19. Not only are people facing their own challenges that unexpectedly marry home and work, but they are facing new obstacles like budget freezes, layoffs and global uncertainty.

Guide to Adapting Your Sales Strategy During Uncertain Times
Sales leaders who understand the mindset of companies during uncertain times are better positioned to pivot their sales strategies.
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Crunchbase Pro: Searches and Lists

Name Type Entries
Commerce and shopping companies funded in the last 3 months Companies 398
Big data and analytics acquisitions in the past year Acquisitions 538
Internet of Things companies with over $5M in funding Companies 185
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Recent Investments

Marqeta

$150M / Private Equity Round

Marqeta provides infrastructure and tools to help companies build and manage payment programs.

Categories:

FinTech • Payments • Transaction Processing

Founders:

Jason Gardner

Ginkgo Bioworks

$70M / Series F

Ginkgo Bioworks is a developer of biological engineering products and custom microbes across multiple markets.

Categories:

Biopharma • Biotechnology • Chemical

Founders:

Austin Che, Barry Canton, Jason Kelly, Reshma Shetty, Tom Knight

Investors:

General Atlantic, Illumina, Viking Global Investors

Pie Insurance

$27M / Series B

Pie Insurance is a Washington D.C.-based startup offering workers’ compensation insurance to small businesses.

Categories:

FinTech • Insurance • InsurTech • Small and Medium Businesses

Founders:

Dax Craig, John Swigart

Investors:

Aspect Ventures, Elefund, Greycroft + 1 more

More Fundings

Company Amount / Round Lead Investor
Synack $52M / Series D B Capital Group
Decibel $40M / Series B Perwyn
Wasabi Technologies $30M / Series B Forestay Capital
Tia Health $24M / Series A Threshold
Stackin' $13M / Series B Octopus Ventures
Meniga 8.5M EUR / Corporate Round Groupe BPCE
Poplar $2.1M / Seed Round Fuel Ventures
All Recent Funding Activity

Recent Acquisitions

Freepik

Pending acquisition by EQT for Unknown

More Acquisitions

Company Acquired By Amount
Inductiv Apple Unknown
All Recent Acquisition Activity

Upcoming Tech Events

Accelerator Deadlines

Date Accelerator Location
Jun 1, 2020 Impact USA San Francisco
Jun 15, 2020 GLOCAL Rosario
More Upcoming Deadlines
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