Sourcery (10/25-10/29)

Thrasio, Alchemy, CoinList, Billie, Extend, Solve, QuickNode, SuperLayer, FWB, OnChain Studios, Torpago, Hinge Health, Medable, DNA Script, Truepill, ClickUp, ClickHouse, Trellis, Impossible Foods...

Last Week (10/25-10/29):

Relevant deals include the 60+ deals across stages below. 

I've categorized the deals below into four categories, Fintech, Care, Future of Work, and Sustainability, and ordered from later-stage rounds to early-stage rounds. Highlighted deals include Thrasio, Alchemy, CoinList, Billie, Extend, Solve, QuickNode, Selfbook, Admix, SuperLayer, FWB, OnChain Studios, Torpago, Hinge Health, Medable, DNA Script, Truepill, Magnus Medical, Brave Health,  ClickUp, Devo, ClickHouse, Amplify, InCloudCounsel, Yugabyte, Lovevery, Crossbeam, Sonrai Security, Fellow, Pragma, HiveWatch, UserGems, Rowan, Trellis, Gamma, Cyabra, Atlys, Ladder, Bild, Impossible Foods, Daring Foods, Shiru, Xeal, Resilient Power; Command E, Building Engines, Zooplus, Bending, Clearwave, Represent, Mission Lane, Momentive Global, BodyArmor, VoiceBase, TenFold; Informatics, Udemy, Rent the Runway 

Final numbers on Anchor investors weigh down SPACs at the bottom.

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Deals 

Sources: TS, Pro Rata, FinSMEs, Pitchbook, StrictlyVC

Fintech:

- Thrasio Holdings, a Walpole, Mass.-based acquirer of companies selling on Amazon, raised $1 billion in Series D funding. Silver Lake led the round and was joined by investors including Advent International, Upper90, Oaktree Capital Management, PEAK6 Investments, and Corner Capital.  

- Alchemy, a San Francisco-based blockchain developer platform, raised $250 million in Series C funding at a $3.5 billion valuation. Andreesen Horowitz led the round and was joined by investors including Lightspeed, Redpoint, Coatue, Addition, DFJ, and Pantera. 

- CoinList, a San Francisco-based crypto listing company, raised $100 million in Series A funding, valuing it at $1.5 billion. Accomplice VC and Agman Partners led the round and was joined by investors including Alphemy Capital, Continue Capital, CMT Digital, DFG Capital Management, Fenbushi Capital, HashKey Capital, executives from GoldenTree Asset Management, Rising Tide Capital, Imperii Partners, and Metaplanet. 

- Billie, a Berlin-based BNPL startup focused on business-to-business transactions, raised $100 million in Series C funding. Dawn Capital led the round and was joined by investors including Tencent and Klarna.

- Maxwell, a Denver-based mortgage software maker, raised $52.5 million in additional funding. Fin VC led the round and was joined by investors including Wells Fargo Strategic Capital, Prudence, Rotor Capital, and TTV Capital.

- Coterie Insurance, a Cincinnati-based insurtech, raised $50 million in Series B funding. Weatherford Capital led the round and was joined by investors including RPM Ventures, Intact Ventures, Group 1001, and Alpha Edison.

- TIFIN, a New York City-based AI-powered personalized wealth and asset management platform, raised $47 million in Series C funding. Investors included Hamilton Lane, J.P. Morgan Asset Management, Morningstar, and Broadridge.

- Drip Capital, a Palo Alto, Calif.-based cross-border trade finance platform, raised $40 million in Series C funding led by TI Platform and was joined by Accel, Sequoia, Wing VC, Irongrey, and GC1 Holdings.

- Extend, a New York City-based fintech startup, raised $40 million in Series B funding. March Capital led the round and was joined by investors including B Capital, Point72 Ventures, Fintech Collective, Reciprocal Ventures, Wells Fargo, and Pacific Western Bank.

- Zolve, a San Francisco-based neobanking startup focused on immigrants, raised $40 million. Partners of DST Global led the round, valuing it at $210 million. Other investors included Tiger Global, Alkeon Capital, Lightspeed Venture Partners, and Accel.

- QuickNode, a Miami-based blockchain infrastructure platform that supports applications, raised $35 million in Series A funding. Tiger Global led the round and was joined by investors including Reddit co-founder Alexis Ohanian's Seven Seven Six, Soma Capital, Arrington XRP Capital, Crossbeam, and Anthony Pompliano.

- Citcon, a San Jose, Calif-based payments company, raised $30 million in Series C funding. Norwest Venture Partners and Cota Capital co-led the round and were joined by investors including Sierra Ventures and Sonae IM.

- Yokoy, a Switzerland-based spend management software maker, raised $26 million in Series A funding. Left Lane Capital led the round and was joined by investors including Balderton Capital.  

- Selfbook, a New York City-based maker of hotel payment software, raised $25 million in Series A funding. Tiger Global Management led the round and was joined by investors including Lachy Groom, Valia Ventures, and Fin Venture Capital.

- Admix, a gaming monetization company, raised $25 million in Series B funding. Investors included Elefund, Force Over Mass, DIP Capital, Notion Capital, Speedinvest, Rocket Capital, Colopl Next, Sure Valley Ventures, and Sidedoor Ventures.

- SuperLayer, a San Francisco-based crypto venture studio that builds web3 projects, raised $25 million in funding from Marc Andreessen, Chris Dixon, Paris Hilton and Carter Reum, Richard Ma, Packy McCormick, Joe Montana, Brit Morin, Nas, Michael Ovitz, and Lenny Ratchitsky.

- Sana, an Austin-based provider of health insurance for small and midsize businesses, raised $20 million in Series A extension funding. Investors include Gigafund, American Family Ventures, Breyer Capital, JAM Fund, and Harmon Brothers Ad Ventures.

- YieldX, a Miami-based fixed income fintech, raised $18 million in Series A funding. Envestnet led the round. 

- Anomaly, a New York City-based payments platform using A.I. and focused on healthcare, raised $17 million in Series A and seed funding. The Series A was led by RRE Ventures.

- Unique Network, a London-based NFT chain for Polkadot and Kusama, raised $11.3 million. Outlier Ventures led the round and was joined by investors including The LAO, Flamingo, and Nalu Capital.

- Friends With Benefits (FWB), a decentralized autonomous organization, or DAO, raised $10 million in funding. Andreessen Horowitz led the round and was joined by investors including Pace Capital, Kindred Ventures, Spark Ventures, and Li Jin.

- OnChain Studios, a Miami-based NFT studio, raised $7.5 million in seed funding. Andreessen Horowitz led the round and was joined by investors including Draper & Associates, CoinFund, Sound Ventures, Dapper Labs, Collab + Currency, and WndrCo.

- Rally Commerce, a Portland, Or.-based one-click checkout company, raised $6 million in seed funding. Investors included Felix Capital, Rainfall Ventures, Long Journey Ventures, Afore Ventures, and Commerce Ventures.

- GigLabs, an Atlanta-based blockchain and NFT company, raised $4.5 million in seed funding led by Dapper Labs and Panoramic Ventures and were joined by investors including Collab+Currency, Red Beard Ventures, Eterna Capital, Alumni Venture Group, Gaingels, and Amino Capital. 

- Billy, a New York City-based maker of a way for construction companies to manage insurance, raised $3.5 million in funding. MetaProp and Coelius Capital led the round and were joined by investors including Global Village, Shadow Ventures, Hustle Fund, and Laguna Canyon Group.

- Torpago, a San Francisco-based spend management company, raised $2 million in seed funding. Operate led the round and was joined by investors including Index Ventures, Clear Haven Capital Management, former Summit Partners Managing Partner Walter Kortschak.

- Button Finance, a New York City-based mortgage lender focused on home equity, raised $2 million in seed funding. Investors included Hildene Capital Management.

- Superdao, an operating system for decentralized autonomous organizations, raised $1 million in preseed funding. Investors include Shima Capital, Fundamental Labs, Fifty Years, Lemniscap, Magic Fund, Jesse Clayburgh, Thomas Chen, and Matt Brezina. 

. . .

Care:

- Hinge Health, a San Francisco-based provider of a digital clinic to treat musculoskeletal pain, raised $400 million in Series E funding at a $6.2 billion valuation. Tiger Global and Coatue Management led the round. Alkeon and Whale Rock also acquired a stake as part of a $200 million secondary investment.

- Medable, a Palo Alto, Calif.-based clinical research company, raised $304 million in Series D funding. Blackstone Growth and Tiger Global led the round and were joined by investors including GSR Ventures, Sapphire Ventures, and WTI.

- Augury, a New York City-based A.I.-driven health tech company, raised $180 million valuing it at over $1 billion. Baker Hughes led the round and was joined by investors including SE Ventures and the corporate venture arm of Schneider Electric.

- DNA Script, a Paris-based DNA printing and synthesis company, raised $165 million in Series C funding. Coatue Management and Catalio Capital Management led the round.

- Truepill, a San Mateo, Calif.-based digital health company, raised $142 million in Series D funding. Initialized Capital and TI Platform Management led the round valuing the company at $1.6 billion. 

- Cambrian Biopharma, a New York City-based biotech focused on longevity, raised $100 million. Anthos Capital and SALT Fund led the round and were joined by investors including Apeiron Investment Group, Future Ventures, and Moore Capital.

- ShiftMed, a McLean, Va.-based healthcare workforce job search company, raised $45 million. Panoramic Ventures and Healthworx led the round and were joined by investors including Blue Heron Capital, Motley Fool Ventures, and 3TS Capital Partners.

- FemTec Health, a Houston, Tex.-based women's healthcare technology company, raised $38 million from investors including Longmont Capital, Ithaca LifeSciences, Unilever Ventures, Shiseido, e.Ventures, Viking Global, and Trinity Capital.

- Magnus Medical, a Burlingame, Calif.-based intractable neurological and psychiatric disorder treatment company, raised $25 million in series A funding led by JAZZ Venture Partners and Red Tree Venture Capital 

- Brave Health, a Miami-based virtual-first behavioral health company, raised $10 million in Series B funding. City Light Capital, Union Square Ventures, and Able Partners led the round.

- Needed, a Los Angeles-based startup focused on pregnancy nutrition and care, raised $5.8 million in seed funding, per Crunchbase. Seae Ventures and Sekhmet Ventures led the round and were joined by investors including Crescent Ridge Partners and Peterson Partners.

. . . 

Future of Work:

- ClickUp, a San Diego, Calif.-based productivity tools maker, raised $400 million in Series C funding, valuing it at $4 billion. Andreessen Horowitz and Tiger Global led the round and were joined by investors including Lightspeed Venture Partners and Meritech Capital Partners.

- Devo Technology, a Cambridge, Mass.-based data logging and security analytics company, raised $250 million in Series E funding valuing it at $1.5 billion. TCV led the round and was joined by investors including General Atlantic, Eurazeo, Bessemer Venture Partners, Insight Partners, Georgian, and Kibo Ventures.

- ClickHouse, a San Francisco-based online analytical processing database management system company, raised $250 million in Series B funding led by Coatue and Altimeter and was joined by investors including Index Ventures, Benchmark, Lightspeed, Redpoint, Almaz, Yandex, FirstMark and Lead Edge. 

- Amplify, a New York-based publisher of curriculum and educational assessment programs, raised $215 million. Learn Capital and A-Street Ventures co-led, and were joined by insider Emerson Collective. http://axios.link/U5XO

- Ontra (formerly InCloudCounsel), a San Francisco-based contract automation and intelligence company, raised $200 million in Series B funding led by Blackstone and was joined by Battery Ventures.

- InCloudCounsel, an outsourced legal services company, raised $200 million in Series B funding. Blackstone Growth led the round and was joined by investors including Battery Ventures.

- Skyryse, a Los Angeles-based helicopter automation startup, raised $200 million in Series B funding. Fidelity Management & Research Company and Monashee Investment Management led the round and was joined by investors including ArrowMark Partners, Republic Capital, Raptor Group, Infinite Capital, Embedded Ventures, Fortistar, K3 Ventures, Rosecliff, SV Pacific Ventures, former Blackstone CFO Laurence Tosi, and Dmitry Balyasny (founder of BAM Hedge Fund).

- Fabric, a New York City-based micro-fulfillment company, raised $200 million in Series C funding. Temasek led the round and was joined by investors including Koch Disruptive Technologies, Union Tech Ventures, Harel Insurance & Finance, Pontifax Global Food, and Agriculture Technology Fund (Pontifax AgTech).

- Dragos, a Hanover, Md.-based cybersecurity firm for industrial infrastructure, raised $200 million in Series D funding at a $1.7 billion valuation. Koch Disruptive Technologies, an investment arm of Koch Industries, and funds managed by BlackRock led the round.

- Yugabyte, a Sunnyvale, Calif.-based open source distributed SQL database for cloud applications, raised $188 million in Series C funding. Sapphire Ventures led the round and was joined by investors including Alkeon Capital, Meritech Capital, and Wells Fargo Strategic Capital, Lightspeed Venture Partners, 8VC, Dell Technologies Capital, and Wipro Ventures.

- GrubMarket, a San Francisco-based food technology company, raised $145 million in Series E funding Investors included BlackRock, Liberty Street Funds, Japan Post Capital, Walleye Capital, Celtic House Asia Partners, INP Capital, Pegasus Tech Ventures, RIVC, and Gaingels. The deal values it at $1 billion.

- Lovevery, a Boise, Idaho-based early childhood product company, raised $100 million in a Series C funding round led by TCG and was joined by investors including the Chan Zuckerberg Initiative, GV, Reach Capital, and SoGal Ventures. 

- Crossbeam, a Philadelphia-based enterprise-focused startup, raised $76 million in Series C funding. Andreessen Horowitz led the round and was joined by investors including Redpoint Ventures, FirstMark Capital, First Round Capital, and Uncork Capital.

- Pipefy, a San Francisco-based workflow management software maker, raised $75 million in Series C funding. SoftBank Latin American Fund led the round and was joined by investors including Steadfast Capital Management, Insight Partners, and Redpoint eventures.

- Awardco, a Provo, Utah-based employee rewards and recognition company, raised $65 million in Series A funding led by General Catalyst and Qualtrics co-founder Ryan Smith.

- Attest, a New York City-based market research platform, raised $60 million in Series B funding, NEA led the round and was joined by investors including Kismet.

- UnitedMasters, a Brooklyn-based independent artist distribution company, raised $50 million in Series C funding led by Andreessen Horowitz.

- Sonrai Security, a New York City-based cloud security company, raised $50 million in Series C funding. ISTARI led the round and was joined by investors including Menlo Ventures, Polaris Partners, TenEleven Ventures, and New Brunswick Innovation Fund. 

- Abacus.ai, a San Francisco-based autonomous AI platform that helps companies create deep learning systems, raised $50 million in Series C funding. Tiger Global led the round and was joined by investors including Coatue, Index Ventures, and Alkeon Capital.

- Stride, a San Francisco-based worker benefits startup, raised $47 million in Series C funding. King River Capital led the round and was joined by investors including Mastercard, Allstate, Venrock, NEA, and Fidelity’s F-Prime Capital.

- Anomalo, a Palo Alto, Calif.-based data quality platform company, raised $33 million in Series A funding led by Norwest Venture Partners and was joined by investors including Two Sigma Ventures, Foundation Capital, First Round Capital and Village Global.

- GreenPark Sports, a Burlingame, Calif.-based social sports gaming developer, raised $31 million in Series B funding. Terraform Capital led the round and was joined by investors including Galaxy Interactive, Sapphire Sport, SignalFire, and ADvantage.

- Fellow, a San Francisco-based meeting productivity and team management tool, raised $24 million in Series A funding. Craft Ventures led the round and was joined by investors including iNovia, Felicis, Garage Ventures, Formentera, and SVB. 

- Pragma, a Los Angeles-based game engine maker, raised $22 million in Series B funding. Insight Partners led the round and was joined by investors including Greylock Partners, Upfront Ventures, and Advancit Capital, Daher Capital, Overwolf, Kevin Lin (Twitch), and Ted Gill (Unknown Worlds). 

- HiveWatch, a Los Angeles-based company using sensors to detect physical security threats, raised $20 million in Series A funding led by Dick Costolo and Adam Bain led the round.

- Cogniac, a San Jose, Calif.-based A.I. image and video analysis company, raised $20 million in Series B1 funding. National Grid Partners led the round.

- UserGems, a San Francisco-based platform to find sales leads, raised $20 million in Series A funding. Craft Ventures led the round and was joined by investors including Battery Ventures, Tiger Global, and Uncork Capital.

- Rowan, a New York City-based piercing and jewelry company, raised $20 million in Series B funding led by VMG Partners and was joined by investors including Thirty Five Ventures, TABLE Management, Beechwood Capital, Silas Capital, and Goldcrest Capital. 

- Skydropx, a Mexico City-based logistics management software maker, raised $20 million in Series A funding. 645 Ventures and Base10 Partners led the round.

- Bridgit, a Toronto-based job search site for the construction industry, raised C$24 million ($19.4 million) in Series B funding. Camber Creek and Storm Ventures led the round and were joined by investors including Nine Four Ventures, BDC Capital’s Women in Technology Venture Fund, StandUp Ventures, Sands Capital, and Vanedge Capital.

- Beans.ai, a Palo Alto-based location intelligence and mapping platform for logistics focused on complex addresses, raised $17 million in funding. Saama Capital and Amit Singhal formerly of Google led the round and were joined by investors including Venture Highway, Mubadala Capital, and individual investors.

- Trellis Research, a Los Angeles-based state court research and analytics platform, raised $14.1 million in Series A funding led by Headline and was joined by investors including Calibrate Ventures, Okapi Ventures, Craft Ventures, and Revel Partners. 

- Countable, a San Francisco-based brand engagement startup, raised $12 million in Series A funding. Canaan Partners led the round and was joined by investors including Ulysses Capital, Global Catalyst Partners, Seed to A, Gokul Rajaramm, and Fernbrook Capital Management.

- Testlio, a software testing company, raised $12 million in Series B funding. Spring Lake Equity Partners led the round.

- Viakoo, a Mountain View, Calif.-based IoT device security platform for companies, raised $10 million in Series A funding. Shasta Ventures led the round and was joined by investors including Stanley Black & Decker, PivotNorth Capital, and Blue Fog Capital.

- Gamma, a San Francisco-based productivity and slide deck replacement company, raised $7 million in seed funding led by Accel and was joined by investors including Jeff Weiner and Eric Yuan.

- Cyabra, an Israel-based social media analytics company, raised $5.6 million in Series A funding. OurCrowd led the round and was joined by investors including Founders Fund, Harpoon Ventures, Alabaster, Accomplice, Brian Norgard (former CPO of Tinder), Red Shepherd Ventures, Will Graylin (former GM of Samsung Pay), Summus Z, TAU Ventures, and Capital Y Management.

- Atlys, a San Francisco-based startup that helps make filling out visa applications more efficient, raised $4.3 million in seed funding. Andreessen Horowitz led the round and was joined by investors including entrepreneurs Ben Silbermann and Evan Sharp, The Chainsmokers’ Mantis VC, Long Journey Ventures, South Park Commons Fund, Endeavor, and individual investors. 

- Ladder, a San Francisco-based next generation professional community platform, raised $3.7 million in seed funding led by Forerunner Ventures and joined by investors including Seven Seven Six, Pear VC, Scribble Ventures, and Script Capital. 

- Bild, a hardware design collaboration platform, raised $3 million in seed funding. Tola Capital led, and was joined by Lux Capital, Shasta Ventures, Counterview Capital, Frontier Ventures and Techstars. http://axios.link/rWpi

- Voxel, a security camera tech maker for warehouses, raised $3 million in seed funding. MTech Capital led the round.

. . .

Sustainability:

- Impossible Foods, a Redwood City, Calif.-based plant-based meat alternative company, is in talks to raise $500 million in funding, which would value the company at $7 billion, per Bloomberg.

- Rad Power Bikes, a Seattle-based ebike company, raised $154 million in funding. Fidelity Management & Research led the round and was joined by investors including T. Rowe Price, Counterpoint Global (Morgan Stanley), Vulcan Capital, Durable Capital Partners LP, and TPG’s The Rise Fund. 

- Persefoni, a Tempe, Ariz.-based climate and carbon accounting management platform, raised $101 million in Series B funding. Prelude Ventures and TPG’s The Rise Fund co-led the round and were joined by investors including Clearvision Ventures, Parkway Ventures, Bain & Co, EDF (Électricité de France), Sumitomo Mitsui Banking Corporation (SMBC), The Ferrante Group, Alumni Ventures Group, New Valley Ventures, NGP Energy Technology Partners, and Sallyport Investments.

- Infinium, a Sacramento, Calif.-based electrofuels production company, raised $69 million. Amazon’s Climate Pledge Fund and NextEra Energy Resources led the round and were joined by investors including AP Ventures, 8090 Partners, Mitsubishi Heavy Industries, and Pavilion Capital.

- Daring Foods, a Los Angeles-based plant-based chicken producer, raised $65 million in Series C funding. Founders Fund led the round and was joined by investors including D1 Capital Group and individual investors including Naomi Osaka, Cameron Newton, Steve Aoki, and Chase Coleman. 

- Shiru, an Emeryville, Calif.-based maker of ingredients based on plants, raised $17 million in Series A funding. S2G Ventures led the round and was joined by investors including Lux Capital, CPT Capital, Y Combinator, and Emles Venture Partners. 

- Xeal, a Los Angeles-based EV charging stations technology firm, raised $11 million in Series A funding and a previously unannounced $3 million in seed funding from investors including ArcTern Ventures, Moderne Ventures, LPC Ventures, Harrison Street, Hunt Companies, Align Real Estate, former Microsoft executive Ramez Naam, and Pasadena Angels.

- Resilient Power, an Atlanta-based electric vehicle fast-charging company, raised $5 million for its seed round. Energy Transition Ventures led the round and was joined by investors including Amazon’s Climate Pledge Fund and GS Futures.

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Acquisitions & PE: 

- Klarna acquired Inspirock, an East Palo Alto, Calif.-based online-trip planning company. Financial terms weren't disclosed.

- Dropbox (Nasdaq: DBX) agreed to buy Command E, an SF-based universal search startup that was seeded by Craft Ventures and Bain Capital Ventures. www.getcommande.com

- JLL (NYSE: JLL) agreed to buy Building Engines, a Boston-based ops platform for commercial real estate, for around $300 million in cash. Building Engines raised over $60 million from firms like Wavecrest Growth Partners, River Cities Capital Funds, MassMutual Ventures and Camber Creek Ventures. http://axios.link/LcWJ

- Hellman & Friedman and EQT paired up after a bidding war, offering to acquire Zooplus, a German petcare company, for $4.3 billion.

- Beringer Capital acquired a majority stake in Benzinga, a Detroit-based financial media site, valuing it at $300 million. 

- Great Hill Partners invested in Clearwave, a digital patient engagement software company. Financial terms weren't disclosed.

- Cameo agreed to acquire Represent, a Los Angeles-based company for celebrities and brands set up individualized online storefronts, from CustomInk. Financial terms weren't disclosed.

- Mission Lane, an Atlanta-based fintech, raised $150 million in redeemable preferred equity. Oaktree Capital Management led the round and was joined by investors including Invus, QED Investors, and LL Funds.

- DraftKings (NYSE: DKNG) has walked away from its roughly $22 billion bid for Entain (LSE: ENT), an Irish gambling company. Financial terms weren't disclosed. 

- Thoma Bravo completed its acquisition of Medallia, a San Francisco-based predictive insight software company, for $6.4 billion in cash.

- Zendesk agreed to acquire Momentive Global, the parent company of SurveyMonkey, for $4.13 billion in stock. 

- Coca-Cola is close to acquiring a controlling stake in BodyArmor, a Beverly Hills, Calif.-based sports drink company, per Bloomberg.

- LivePerson acquired VoiceBase, a Berkeley, Calif.-based voice analytics company, and TenFold, an Austin, Tex.-based customer experience integration company. Financial terms weren't disclosed.

. . .

IPOs:

- Informatica, a Redwood City, Calif.-based data software company, raised $841 million in an offering of 29 million shares priced at $29 per share. The company reported revenue of $1.3 billion in 2020 and a net loss of $168 million. CPP Investments and Permira back the firm.

- Udemy, a San Francisco, Calif.-based education platform, raised $421 million in an offering of 14.5 million shares priced at $29 per share. The company posted $430 million in revenue in 2020 and a net loss of $78 million. Insight Venture Partners, Prosus, Norwest Venture Partners, and Stripes Group back the firm.

- HireRight Holdings, a Nashville, Tenn.-based workforce risk management and compliance solution company, raised $422 million in an offering of 22 million shares priced at $19 per share—it had previously planned to price shares at up to $24. The company posted $540 million in revenue in 2020 and a net loss of $92 million. General Atlantic and Stone Point Capital back the firm.

- Rent the Runway, a Brooklyn-based clothing rental company, raised $357 million in an offering of 17 million shares priced at $21 per share—it had previously planned to sell 15 million shares. The company posted $158 million in revenue in the 12 months ending in Jan. and a loss of $171 million. Bain Capital Ventures, Highland Capital, Technology Crossover Ventures, and Ares Management back the firm.

- NerdWallet, a San Francisco-based personal finance education website and app, plans to raise up to $138 million in an offering of 7.3 million shares priced between $17 and $19 per share. The company posted $245 million in revenue in 2020 and net income of $5 million. Institutional Venture Partners, RRE Ventures, and iGlobe Partners back the firm.

- Allbirds, a San Francisco-based wool shoemaker, plans to raise $269 million in an offering of 19.2 million shares (20% sold by insiders) priced between $12 and $14 per share. The company posted net revenue of $219 million in 2020 and reported a net loss of $26 million. Maveron, Tiger Global, T. Rowe Price, Fidelity Investments, and Lerer Hippeau Ventures back the firm.

- Braze, a New York City-based customer engagement platform, and its insiders filed for an IPO. The company posted $96 million in revenue in 2020 and a net loss of $32 million. Millennium Trust Company, ICONIQ Capital, Rally Ventures, InterWest Partners, MCG7 Capital, Blumberg Capital, and Meritech Capital Partners back the firm.

- Sweetgreen, a Los Angeles-based salad company, filed for an IPO. The company posted $221 million in revenue in the 12 months ending Dec. 27 and reported a net loss of $141 million. Fidelity, T. Rowe Price, Revolution Growth, D1 Capital, Anchorage Capital Group, and Lone Pine Capital back the firm.

. . . 

SPACs:

- VMG Consumer Acquisition, a SPAC formed by VMG Partners, filed for a $200 million IPO. http://axios.link/QpeN

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Funds:

- Bain Capital Ventures, a Boston-based investor, is raising a $300 million fund focused on crypto, per the Information.

- Andreessen Horowitz (a16z) is planning to raise roughly $6.5 billion to fuel the firm’s aggressive deal-making pace, according to the WSJ, which says a16z is talking with its limited partners about a $2 billion early-stage fund (its eighth) and a $4.5 billion growth-stage fund that would be its third. As we noted when we talked with the firm about its $400 million seed-stage fund in August, it has been on a fundraising tear since early 2020.

- Khosla Ventures raised $1.4 billion for its latest early-stage and seed funds. www.khoslaventures.com

- Tiger Global held an $8.8 billion first close for its next flagship growth equity fund, which is targeting $10 billion, per Bloomberg. http://axios.link/R8bu

- World Fund, a climate tech-focused investor, launched a €350 million fund.

- Marcy Venture Partners, focused on consumer and impact investments, raised $325 million for its second fund.

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Final Numbers

Reproduced from SPAC Research; Chart: Axios Visuals

• Go deeper: Anchor investors weigh down SPACs