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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Similarweb files for IPO

, a provider of online market intelligence, has to go public on the . The company has not yet determined the number of shares it will offer or the proposed share price range.

The Tel Aviv-based company posted revenue of $93.5 million in 2020, up from $70.6 million in 2019. It reported a net loss of $22 million last year, up from $17.7 million in 2019.

Founded in 2007, Similarweb previously raised at least $235 million in known private funding, per Crunchbase data.

—  Joanna Glasner

Funding rounds

Ocado invests $13.8M in Oxbotica: British online grocer is reportedly ($13.8 million) in Oxford-based autonomous vehicle software company as part of a deal that aims to reduce the cost of last-mile delivery and other logistics.

Fintern raises £32m in equity and debt funding: , a London-based startup looking to offer an AI-driven alternative to costly payday loans, that it has raised £32m ($44 million) in fresh debt and equity financing.

— Joanna Glasner

Health and well-being

Hallow inks $12M for Catholic meditation app: , a Catholic prayer and meditation app, $12 million in Series A funding, led by , to invest in more content, add staff and expand its customer base. The Chicago-based company was founded in 2018 and has grown to more than 10 million prayers completed through its app, co-founder and CEO said.

Zip Run grabs $2.3M to deliver cannabis: Boston-based cannabis delivery company secured $2.3 million in seed funding led by Mollitiam Capital. The company was co-founded in 2020 by , CEO, , COO, , CGO and , CTO. Zip Run says it is on track to become the first licensed delivery service for adult-use cannabis in Boston. Its proprietary e-commerce platform integrates with retailers’ inventory systems to enable consumers to order products directly from the Zip Run website. The company then picks up and delivers through dispensary partners, and will be able to buy wholesale products from cultivators for delivery when its Boston warehouse opens this summer. Crunchbase data shows 2021 investment into cannabis-focused companies of $357 million into 29 companies, led by a $200 million Series C round last month for, which outfits dispensaries with the technology and tools needed to provide safe and easy access to cannabis. Experts say federal legalization can open the floodgates for more activity and venture capital investment in the sector.

— Christine Hall

Travel

Inspirato reportedly in talks to merge with SPAC: Luxury travel startup is in talks to merge with the special purpose acquisition company Thayer Ventures Acquisition Corp., Thursday. The news comes as the travel industry is expected to rebound following the rollout of COVID-19 vaccines and pent-up leisure travel demand. The Denver-based company is backed by investors including and , according to Crunchbase.

— Sophia Kunthara

Fintech and e-commerce

Level raises $27M: , a New York-based technology company that makes financial products for employers, raised $27 million in Series A funding led by and . Level intends to use the new funding to expand into the insurance market to help businesses offer modern benefits, and will start with dental and vision.

Soona inks $10.2M: , a virtual content creation platform for e-commerce, announced $10.2 million in Series A funding, led by . The Denver-based company plans to deploy the new capital into technology development and to introduce a subscription product.

— Christine Hall

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