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Jun 24, 2019

Crunchbase Daily: Blend, goTenna, Helium, Everactive, and Slack - June 24, 2019

Younger firms climb the active investor ranks

A lot of funds founded well after the death of the flip phone are gaining traction. To see who's rising in the ranks, Crunchbase News tallies the most active U.S. startup investors among firms less than ten years old, by round counts, lead rounds, and total dollars invested.

Blend raises $130M to simplify lending

Blend, operator of an online platform for lenders to speed up and simplify applications for mortgages and consumer loans, raised $130 million in a Series E round led by General Atlantic and Temasek. The round brings total financing for the seven-year-old, San Francisco-based company to $310 million.

VCs back a bunch of decentralized infrastructure startups

In our Last Week in Venture series, we take a look at intriguing rounds that may have fallen under your radar. The latest installment features companies in the decentralized infrastructure space, including goTenna, a venture building mobile mesh networking hardware and software, Helium, a blockchain-enabled peer-to-peer wireless network provider, and Everactive, a developer of self-powered sensors used in industrial settings.

Why a direct listing made sense for Slack

Slack's decision to go public via a direct listing rather than a traditional IPO was unusual. However, there are cases when this approach is more favorable, according to Slack's legal team, such as when a company has a strong balance sheet, a compelling brand, and a desire to avoid dilution.

Recent Activity on Crunchbase

363

Funding Rounds Added

171

Acquisitions Recorded

$2.0B

Fundings
Captured

9,340

Entities
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Crunchbase Pro: Searches and Lists

Name Type Entries
Companies which raised over $100M in the last 3 months Funding rounds 157
Top companies founded by women Companies 1,333
Venture backed acquisitions in the last 3 months Companies 394
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Recent Investments

TransPerfect

$450M / Debt Financing

TransPerfect is a language services company offering multilingual translation and interpreting solutions to multinational businesses.

Investors:

Citibank, JP Morgan Chase, Bank of America

Silo.AI

10M EUR / Venture Round

Silo.AI is a private artificial intelligence lab that builds AI as a service for different industries.

Categories:

Artificial Intelligence · Data and Analytics · Information Technology · Science and Engineering · Software

Founders:

Johan Kronberg, Peter Sarlin, Tero Ojanperä, Ville Hulkko

Investors:

Business Finland (Lead)

Deepki

8.0M EUR / Venture Round

Deepki is a France-based SaaS data management company.

Categories:

Data and Analytics · Energy · Sustainability · Analytics · Energy Efficiency · Renewable Energy

Founders:

Vincent Bryant

Investors:

Citizen Capital, Demeter, Hi Inov - Dentressangle, + 1 more

More Investments
Company Amount / Round Lead Investor
Ninjacart $10M / Series C
Droom Technology $10M / Series F
Duyaya 55M CNY / Series A BlueRun Ventures
Nowports $5.3M / Seed Round Base10 Partners, Monashees
Ockam $3.2M / Seed Round
All Recent Funding Activity

Recent Acquisitions

Carrefour China

Pending acquisition by Suning for $698M

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Company Acquired by Amount
BizTech Enterprise Solutions S4 Capital
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