Financing Round
Linktree, one of the most popular “link in bio” services with more than 12 million users, announced today it had raised $45 million in Series B funding. The Sydney, Australia-based startup latest funding will be used on tools that make social commerce easier.
Founded in 2016, Linktree is used for bio links by Shopify, Facebook, TikTok, YSL, HBO and Major League Baseball, and celebrities like Jonathan Van Ness, Jamie Oliver and Pharrell.
In a joint statement, Abu Dhabi sovereign wealth fund Mubadala Investment Company and Abu Dhabi Catalyst Partners announced they had invested a combined $150 million in messaging app Telegram.
"Our investment in Telegram establishes a strategic partnership for us to further strengthen Abu Dhabi's technology ecosystem as well as bring new levels of tech skills and talent to the capital," Mubadala said in the statement.
Launched in 2013 by brothers Pavel and Nikolai Durov as a secure messaging app, Telegram has its headquarters in the UAE.
The digital payments company Stripe boosted its valuation to $95 billion after a Series H funding round of $600 million.
The company plans to "invest a ton more in Europe this year," using the new capital in 31 European countries of the 42 that it operates worldwide.
In its previous funding round last April, Stripe was early to highlight the Covid-19 outbreak as "pushing the economy online" and said, "several years of offline-to-online migration are being compressed into several weeks."
Reddit, which announced a $250 million Series E earlier this February, has added over $118 million to the financing event. The current round total is now $367 million, according to a new SEC filing. The filing shows that Reddit is aiming to raise $500 million in this round.
The Series E, which came from investors such as Tencent, Andreessen Horowitz and Sequoia, valued the firm at $6 billion, double its last valuation from two years ago.
Originally founded in 2005, Reddit has long existed on the nerdy side of the internet, where its text- and image-focused forums have devoted themselves to a wide variety of topics, everything from video games and GIFs to cute pets and cigarettes to Donald Trump and sports.
Reddit announced on Monday that it had raised $250 million in new funding, valuing the social news start-up at $6 billion. This is the company's Series E round of financing, and it comes hot on the heels of renewed public attention on the site that has dubbed itself 'the front page of the Internet,' owing to the role the subreddit r/WallStreetBets played in the recent meteoric rise (and subsequent steep fall) of the value of GameStop stock.
The company celebrates in 2021 its 16th year of operation, and, so far, has raised around $800 million. The latest round included financing from “existing and new investors,” Reddit noted in a blog post in which it announced the funding.
NuBank, a fintech based in São Paulo, Brazil, is valued at $25 billion as the fourth most valuable financial institution in Latin America and the largest digital bank in the world by the number of customers and app downloads.
The round was led by private and public investors including Singapore’s GIC, Whale Rock, and Invesco. Current investors Tencent, Dragoneer, Ribbit Capital, and Sequoia also participated in the round.
SpaceX has raised $1.9 billion in new funding, bringing the post-money valuation of the company to $46 billion after the transaction.
According to data from Crunchbase, this would be the most significant single fundraising round to date by SpaceX.
Impossible Foods announced Thursday it has landed an additional $200 million in funding, to a total of $1.5 billion since its founding in 2011. The round was led by Coatue, a technology-focused hedge fund.
The company said it intends to use the funds to expand research and development programs, accelerate manufacturing, increase its retail presence, and develop the next-generation of plant-based products.
SpaceX on Tuesday announced it raised an additional $346.2 million to its current round of financing, totalling $567 million. The closing of this round happens a day before the company launches two American astronauts to the International Space Station.
Valued at around $36 billion, SpaceX remains one of the most valuable non-listed companies in the world.