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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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Top Tier raises $310M Europe fund

San Francisco-based聽 announced it has for a dedicated European investment fund.

The fund will focus primarily on European funds with some investments in Israel. The Luxembourg-based investment fund seeks to invest broadly across the region, including in niche venture funds and expansion-stage technology startups.

Founded in 2002, Top Tier has nearly $6 billion in capital commitments since inception.

— Joanna Glasner

NerdWallet aims to go public

Consumer financial advice website was reported to have confidentially submitted initial public offering paperwork to U.S. regulators, .

The San Francisco-based company was founded in 2009 by and . It last raised funding in 2015 in the amount of $69 million in Series A funding, and to date has brought in in known venture capital funding, according to Crunchbase data.

Sources told Reuters that the company expected to go public before the end of the year and was seeking a valuation of up to $5 billion.

— Christine Hall

Funding rounds

Alba Orbital raises $3.4M for earth imaging: Glasgow-based , a developer of tiny imaging satellites, raised $3.4 million in a seed round led by with participation from several other funds and individual investors, including founder .

— Joanna Glasner

Gelmetix inks 拢5M: U.K.-based , which is developing a polymer treatment for chronic lower-back pain, closed a 拢5 million ($7 million) Series C equity financing round led by . The company will use the capital to support its first in-human trial and study.

— Christine Hall

New fund

Framework Ventures closes $100M fund: Decentralized finance venture capital fund , a $100 million closeout of its second fundraising round, 鈥淔und 2.鈥� The funds will support a number of DeFi projects, as well as exploring NFTs and gaming.

— Christine Hall

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