ScaleFactor scales up with $60M

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 posts positive results

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 raises $72M Series A

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.

Valar Ventures closes $150M fund

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.

Texas is hot, but funding is lukewarm

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.

Crunchbase: Things you need to know before starting a startup

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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Recent Investments


$64M / Series F

Toss is a Korea-based mobile finance platform.


Financial Services · Mobile · Payments · Software · FinTech · Mobile Payments · Personal Finance


Seunggun Lee


Bessemer Venture Partners, GIC, Kleiner Perkins, + 4 more


$35M / Series B

LeafLink is a wholesale management platform for the cannabis industry.


Commerce and Shopping · Community and Lifestyle · Food and Beverage · Health Care · Software · Transportation · B2B · Cannabis · SaaS · Supply Chain Management · Wholesale


Zach Silverman, Ryan Smith


Thrive Capital (Lead), Lerer Hippeau, TIA Ventures, + 3 more


$26M / Series B

Cloudleaf offers digital supply chain solutions.


Financial Services · Internet Services · Manufacturing · Science and Engineering · Asset Management · Industrial Automation · Internet of Things · Real Time


Raj Kulkarni


Bold Capital Partners, Tandem Capital, Mahindra Partners, + 3 more

More Investments
Company Amount / Round Lead Investor
Volanty $18M / Series B Kaszek Ventures, SoftBank
SignalWire $12M / Series A Storm Ventures
XOi Technologies $11M / Series C PeakSpan Capital
Rookout $8.0M / Series A Cisco Investments
BlueDot 9.2M CAD / Series A
Dadi $5.0M / Seed Round TCG Capital
All Recent Funding Activity

Recent Acquisitions

ClickSoftware Technologies

Pending acquisition by Salesforce for $1.4B

More Acquisitions
Company Acquired by Amount
AltaReturn Vista Equity Partners $500M
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VMworld US 2019

August 25-29, 2019 2019-08-25 in San Francisco

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