Why Microsoft’s $2T+ market cap makes its $68B Activision buy a cheap bet

Even though consumer gaming constitutes a small fraction of its overall business, Microsoft’s announcement yesterday of its all-cash $69 billion deal to buy Activision Blizzard proves that the technology corporation takes the sector plenty seriously. It is easy to think that Microsoft should

South Korean HR automation platform flex raises $32M Series B at a $287M valuation

South Korea-based human resources management platform flex announced today it has closed a $32 million Series B round at a valuation of $287 million. The latest funding, which brings its total raised to $42 million, was led by Greenoaks, with participation from DST Global Partners.   The startup&

Juro draws $23M into its browser-based contract automation platform

London-based legaltech startup Juro has grabbed $23 mlion in Series B funding for its browser-based contract automation platform. In total the startup has raised $31.5M since being founded back in 2016. Investors in the Series B are Eight Roads, which led the round — plus existing investors

7bridges raises $17M to automate logistics supply chains using AI

Supply chain logistics — getting components and eventually finished products from A to B to C — is one of the most critical parts of running a business, not least because it is one of the most complex, involving dozens of companies, hundreds of combinations and permutations, accounting

Lawtrades aims to change how your company utilizes legal resources

Similar to other industries embracing contract work, Lawtrades is giving legal professionals a way to become independent and run their own virtual law practices. Raad Ahmed and Ashish Walia started the company in 2016 with an initial focus on startups and small businesses, trying to find product-ma

Arc wants to build the de facto finance solution for SaaS startups

There's financial technology (fintech) companies out there targeting all sorts of different segments of the population, as well as companies at various stages of growth. A new company recently emerged that is targeting a popular startup niche, wanting to exclusively help early-stage SaaS (softw

Payment orchestration platform Gr4vy pulls in another $15M in a Series A extension

Retailers often build their own “orchestration” platforms for payment processing and routing, but these can be complex to maintain. Spreedly plays in this space, and, last year, new startup Gr4vy launched in the U.S. to do this in an even more fleet-of-foot manner, it claimed. It raised an $11.

MycoWorks, making leather from fungi, closes $125M to scale production

MycoWorks, a company making a fungal-based biomaterial that can replace leather, brought in a fresh round of funding — $125 million in Series C financing — to fund a production plant for scaling the manufacture of its flagship product Reishi. CEO Matt Scullin says what his company is doing in t

Eureka raises $8M for its data cloud security platform

Eureka, a Tel Aviv-based startup that provides enterprises with tools to manage security risks across their various data stores, today announced that it has raised an $8 million seed round led by YL Ventures. The company was founded by Liat Hayun (CEO), a former VP of Product Management at Palo Alt

Tiger doubles down on SeekOut, which just raised $115M to help enterprises hire and retain diverse talent

SeekOut, which aims to help enterprises hire from a more diverse talent pool, announced it has raised $115 million in a Series C round of funding led by Tiger Global Management. The financing values the Seattle-based startup at over $1.2 billion and brings its total raised to $189 million since its

Newcomer aggregator Ecommerce Brands snags $40M in equity, debt to deploy eCaaS model

Ecommerce Brands is one of the newest consumer brand aggregators to emerge in a crowded space and aims to integrate with Cart.com to support the backend needs of brands as they scale. The Atlanta-based company officially kicked off in September 2021, helmed by founder and CEO Mark Bickenbach, who p

TravelPerk adds $115M to equity and debt Series D, discloses unicorn valuation

SME-focused business travel booking platform TravelPerk has topped up the $160 million in equity and debt it raised last in a Series D last April with an additional $115 million — closing out the round at $275 million. TravelPerk said its business is now being valued at $1.3 billion — m

Nigeria’s SeamlessHR raises $10M to expand HR and payroll solutions across Africa

Africa's appetite for cloud computing software continues to increase as connectivity and bandwidth opportunities push boundaries. Per reports, the continent's cloud computing industry coupled with the Middle East is expected to grow to $31.4 billion in 2026 from $14.2 billion last year. Sea

IBM looks to sustainability with acquisition of emissions data company Envizi

IBM announced this morning that it has acquired Australian startup Envizi to add to its package of ESG (environmental, social and governance) offerings to help measure environmental impact up and down the supply chain. The companies did not share the terms of the acquisition, but with Envizi Big Bl