- FTX, a Bahamas-based crypto exchange, raised $420.7 million in Series B-1 funding, valuing it at $25 billion. Investors included Ontario Teachers’ Pension Plan Board, via its Teachers’ Innovation Platform, Temasek, Sequoia Capital, Sea Capital, IVP, ICONIQ Growth, Tiger Global, Ribbit Capital, Lightspeed Venture Partners, and BlackRock.
- 360Learning, a corporate learning company, raised $200 million in funding. Investors include Sumeru, SoftBank’s Vision Fund 2, and Silver Lake Waterman.
- Workit Health, an Ann Arbor, Mich.-based virtual substance use disorder treatment company, raised $118 million. Insight Partners led the round and was joined by investors including CVS Health Ventures, FirstMark Capital, BCBS Venture Fund, and 3L Capital.
- Animoca Brands, an Australian company focused on digital property rights via NFTs and gaming, raised $65 million (approximately AUD $87.7 million) valuing it at $2.2 billion. Investors in the round include Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Com2uS, Kingsway Capital, 10T, Token Bay Capital, Smile Group, Tess Ventures, MSA Capital, Octava Fund, Adit Ventures, Summer Capital, Sigitech Holdings, Black Anthem, Mirana, and Justin Sun.
- Rossum, a London-based document automation company, raised $100 million. General Catalyst led the Series A round and was joined by investors including LocalGlobe, Seedcamp, Miton, and Elad Gil.
- SkyHive, a Palo Alto, Calif.-based reskilling software company, raised $40 million in Series B funding. Eldridge led the round and was joined by investors including Allegis Cyber, Accenture Ventures, Workday Ventures, and the Partnership Fund For New York City.
- Anello Photonics, a Santa Clara, Calif.-based autonomous driving tech company, raised $28 million in Series A funding. New Legacy Ventures led the round and was joined by investors including Lockheed Martin Ventures, Catapult Ventures, JS Capital, and HCVC.
- Hex Technologies, a San Francisco-based data workspace company, raised $16 million in Series A funding. Redpoint Ventures led the round and was joined by investors including Amplify Partners, Data Community Fund, Geometry, Operator Collective, Tokyo Black, Vandelay Ventures, and XYZ Venture Capital.
- Deci, an Israel-based deep learning development company, raised $21 million in Series A funding. Insight Partners led the round and was joined by investors including Square Peg, Emerge and Jibe Ventures.
- Modern Age, a Seattle-based aging wellness company, raised $27 million in Series A funding. Oak HC/FT led the round and was joined by investors including GV and Juxtapose.
- UpEquity, an Austin-based mortgage company, raised $20 million in Series B funding. S3 Ventures led the round and was joined by investors including Next Coast Ventures, BP Capital Management, Alumni Ventures, Gaingels, Launchpad Capital, and Early Light Ventures.
- SouSmile, a Brazilian dental aligner startup, raised $18 million in Series B funding. Kaszek Ventures led the round and was joined by investors including Global Founders Capital.
- Multiverse Computing, a Spain-based quantum computing startup dedicated to finance, raised €10 million (USD $11.5 million) in seed funding. JME Ventures led the round and was joined by investors including Quantonation, EASO Ventures, Inveready, CLAVE Capital (Mondragón Fondo de Promoción), Ikerlan, LKS, Penja Strategy, Seed Gipuzkoa, and Ezten Venture Capital Fund.
- Volante Technologies, a New York City-based cloud payments and financial messaging company, raised $10 million in growth funding from Wells Fargo Strategic Capital.
- Synchrony, an asset management protocol built on the Solana blockchain, raised $4.2 million. Sanctor Capital, Wintermute Trading, and GBV Capital led the round.
- EnergyBank, a New Zealand-based energy storage startup, raised $1.9 million in seed funding. Icehouse Ventures led the round and was joined by investors including Blackbird, Promus Ventures, Version One, and Nuance Connected Capital.
- Armilla AI, a Canada-based A.I. governance company, raised $1.5 million. Investors include Naval Ravikant's Spearhead fund;Allen and Eva Lau's Two Small Fish Ventures; and C2 Ventures.
- Carlyle acquired a majority stake in Saama Technologies, a Cambell, Calif.-based clinical analytics company. Other investors include Amgen Ventures, Intermountain Ventures, Merck Global Health Innovation Fund, McKesson Ventures, Northpond Ventures, Pfizer Ventures, and Population Health Partners. Financial terms weren't disclosed.
- FDH Aero, a portfolio company of Audax Private Equity, acquired Stealth Aerospace, a Canoga Park, Calif.-based distributor of aerospace electrical and electro-mechanical components to commercial airline and air cargo customers. Financial terms weren't disclosed.
- Mercer Global Advisors, backed by Genstar and Oak Hill, acquired Lake Point Wealth Management, a Dalla-based wealth management firm. Financial terms weren't disclosed.
- Pfingsten invested in New England Electrical Contracting, a Kingston, Mass.-based provider of electrical services serving the telecommunications, electric vehicle charging and utility markets. Financial terms weren't disclosed.
- Trilantic North America invested in WebFX, Harrisburg, Penn.-based marketing tech company. Financial terms weren't disclosed.
- CBOE acquired ErisX, a Chicago-based cryptocurrency market. Financial terms weren't disclosed.
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- The Cyberspace Administration of China suggested that ride-hailing company Didi Global, logistics company Full Truck Alliance, and digital recruiting company Kanzhun, which are all listed in the U.S., consider listings in Hong Kong, according to the Wall Street Journal.
- Porsche, Volkswagen’s luxury car unit, is working with advisors on a potential public offering, per Reuters.
- HireRight Holdings, a Nashville, Tenn.-based workforce risk management and compliance solution company, plans to raise up to $533 million in an offering of 22 million shares priced between $21 and $24 per share. 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.
- Portillo’s, an Oak Brook, Ill.-based Chicago street food restaurant chain company, raised $405 million in an offering of 20.3 million shares priced at $20 per share. The company posted $455 million in revenue in 2020 and $12 million in net income. Berkshire Partners owns the firm.
- Enfusion, a Chicago-based investment management software company, raised $319 million in an offering of 18.8 million shares (22% sold by insiders) priced at $17 per share. The company reported revenue of $79.6 million in 2020 and net income of $4.1 million. Hillhouse Capital, FTV Capital, and ICONIQ Capital back the firm.
- Renaissance Insurance Group, a Russian policy provider, and insiders raised $250 million in an offering of 162 million shares in Moscow, per Bloomberg.
- P10, a Dallas, Texas-based multi-asset class private market solutions provider, raised $240 million in an offering of 20 million shares (43% sold by insiders) priced at $12 per share—it had previously planned to price shares at up to $16. The company reported $67 million in total revenue in 2020 and $24 million in net income.
- The Vita Coco Company, a New York City-based coconut water company, raised $173 million in an offering of 11.5 million shares (78% sold by insiders) priced at $15 per share—it had previously planned to price shares at up to $21. The company reported $311 million in net sales in 2020 and $33 million in net income. Verlinvest and Reignwood Group back the firm.
- Ventyx Biosciences, an Encinitas, Calif.-based inflammatory disease and autoimmune disorder therapy company, raised $152 million in an offering of 9.5 million shares priced at $16 per share. The company reported a net loss of $28 million in 2020 and has yet to post revenue. New Science Ventures, venBio, and Third Point Ventures back the firm.
- Gaming Technologies, a Las Vegas-based online gambling software company, filed for an IPO. The company reported a net loss of $7 million in 2020 and has yet to generate meaningful revenue. Epsilon and Fairfax Capital back the firm.
- WeWork, a New York City-based coworking space, will list on the New York Stock Exchange today via its merger with BowX Acquisition Corp., a SPAC. The company’s first attempt at an IPO fell apart in 2019.
- Equinox, a New York City-based fitness company, is in talks to go public via a merger with Ares Acquisition Corp., a SPAC backed by Ares Management Corp., according to Bloomberg. The company’s plans to go public via another SPAC deal fell through earlier this year.
- Drive by DraftKings, a Boston-based venture capital firm investing in sports tech and entertainment companies, raised $60 million for its first venture capital fund.
- EQT Future, EQT-new long-term impact fund, is looking to raise €4 billion ($4.7 billion).
- Summa Equity, a Stockholm-based investor, added Christoph Waer as a partner and Tim He as a partner.
- Edison Partners, a Princeton, N.J.-based growth equity investment firm promoted Gregg Michaelson to general partner, Jennifer Lee to partner, and Joe Giquinto as CFO.