Welcome to the Crunchbase News Weekend Update. An email form of this post went out Saturday morning. Happy reading!
Hot takes feel lukewarm these days. I’d peril that if we spent reduction time arguing about cold decoction contra iced coffee, that same appetite could be pivoted to strew light on some-more dire topics.
Complacency about caffeine is not a sin, people.
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For example, we wrote about how Webflow lifted a $72 million Series A this week. A discuss followed on either it was satisfactory to review Webflow to other companies that have lifted outsized Series As. In this case, it felt useful to use a take to explain how Crunchbase News thinks about a ever-changing clarification of this round.
Plus, it sets a stage for a subsequent territory we wish to get into: a appropriation rounds we lonesome this week.
Starting big, Ibotta, an in-app banking company, raised a nine-figure Series D. It’s a usually tech unicorn in Colorado right now. Another association value around $1 billion dollars, Cybereason, raised $200 million led by Softbank (We lonesome SoftBank’s gain as well, so head here to learn about how a Vision Fund is doing).
While SoftBank’s name pops adult in some of a biggest deals we see, stating on smaller news gives us a best details for large trends. For example, when Airbnb acquired another company, we looked during a broader transport startup market. Or as Lyft and Uber reported their Q2 performance, we asked what it meant for other ride-hailing companies. We also got into a cannabis marketplace with LeafLink’s $35 million raise, and how Smart News is joining a crony organisation of Chinese-news focused unicorns. For quirkier hits, check out Last Week In Venture.
Beyond violation news, Jason took us by a growing trend of hypergiant rounds, that are private financing totals of $250 million or more. We also took a demeanour during dual opposite geographic regions: Mary Ann’s demeanour during a lukewarm Texas VC scene, and my inaugural mainstay on Boston, which had a slowest Jul in VC appropriation given 2014.
Finally, to improved learn about a people behind a consistent deals we review about, Gené Teare interviewed NFX’s co-founder James Currier, and we chatted with Alex Marshall from First Round Capital. Learn about because one thinks Buzzfeed is dead, and because a other can’t hoop conference about crypto.
Until subsequent week,
Natasha
Illustration: Li-Anne Dias.
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