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Varo Bank, which last year became the first U.S. neobank to be granted a national bank charter, announced this morning it has raised a staggering $510 million in a Series E funding round at a $2.5 billion valuation. The massive “oversubscribed” financing comes nearly seven months after

The CRISPR-based biotech startup Mammoth Biosciences is officially a unicorn, the company says.  The billion-dollar valuation comes on the back of a $150 million Series D round led by Redmile Group, with participation from Foresite Capital, Senator Investment Group, Sixth Street, Greenspring

This has felt like an inevitability at least since Amazon teamed with South Carolina-based Element Electronics to bring the world a 43-inch Amazon Fire TV Edition back in 2017. The company has also teamed with several third-party TV makers to build its popular voice assistant into sets, but today A

AV8 Ventures unveiled its AV8 Ventures II fund with $180 million from Allianz Group, an insurance and asset management giant, aimed at supporting entrepreneurs developing artificial intelligence-driven technologies in the areas of health, mobility, enterprise and deep tech. Since the Palo Alto vent

Airplanes and drones today, regardless of size or fuel type, all face the same limitation: eventually they have to land. Skydweller Aero, the U.S.-Spanish aerospace startup, wants to break free from that constraint by developing an autonomous solar-powered aircraft it says will eventually be capabl

Revitalized by the pandemic, entrepreneurs are on the hunt to refresh some of education's most traditional tenets, from flashcards to tutors to after-school programs. And those aren't just bets: They're unicorn-valued businesses looking to capitalize on consumers' newfound digital a

Scalapay, a buy now, pay later (BNPL) technology provider that has made significant headway with retailers and consumers in Europe and in categories like fashion, has closed a round of funding that it will be using to fuel its expansion ambitions. The startup has raised $155 million at a $700 milli

Flo, a fertility focused period-tracking app, has closed a $50 million Series B funding round which it says values the company at $800M — underlining how much value investors are now attaching to women’s health tech. The 2016-founded startup raised a $1M seed in its first year and has g

Serial entrepreneur Hiroshi Takatoh recognized the need for convenient and nutritious food for critically ill consumers after losing his wife to cancer. Takatoh founded Teatis, a plant-based sugar-blocking superfood powder for diabetic consumers, in 2017 in stealth mode and went fully operational i

Chef-prepared, small-batch meal delivery startup CookUnity is undergoing a major expansion after closing a $47 million Series B round. Insight Partners led the round and was joined by Endeavor Catalyst and current investors IDCV, Fuel Ventures and Gaingels. The latest funding comes eight months aft

Work insights platform Fin raised $20 million in Series A funding and brought in Evan Cummack, a former Twilio executive, as its new chief executive officer. The San Francisco-based company captures employee workflow data from across applications and turns it into productivity insights to improve t

A Canadian startup called Nuula that is aiming to build a super app to provide a range of financial services to small and medium businesses has closed $120 million of funding, money that it will use to fuel the launch of its app and first product, a line of credit for its users. The money is coming

Juno, a proptech startup that aims to build more sustainable and affordable apartment buildings, has raised $20 million in a Series A funding round. Comcast Ventures, Khosla Ventures and Real Estate Technology (RET) Ventures co-led the financing, which brings the company's total raised to $32 m

Neuroglee Therapeutics, a startup developing digital therapeutics for people with neurodegenerative diseases, has raised a $10 million Series A led by Openspace Ventures and EDBI. The funding will be used to launch virtual neurology clinics and to support Neuroglee's move to Boston. Other parti