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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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Etsy acquiring fashion reseller Depop for $1.6B

, the popular platform for selling handmade goods, it will acquire , a  fashion resale marketplace, for $1.625 billion.

Founded in 2011, Depop markets itself as a place to buy and sell unique fashion, and has a strong following among Gen Z consumers. The company’s 2020 gross merchandise sales and revenue were approximately $650 million and $70 million, respectively.

Following the close of the deal, Etsy says Depop will continue to be headquartered in London and operate as a standalone marketplace run by its existing leadership team. Previously, Depop raised just over $105 million in known funding, per Crunchbase data.

— Joanna Glasner

Urban Company inks $255M

India-based , a tech-enabled home services marketplace, raised $255 million in Series F funding co-led by,Ìý²¹²Ô»å.

The marketplace offers a variety of home services to consumers, including beauty treatments, haircuts, deep cleaning, plumbing, carpentry and appliance repairs.

The new investment will enable the company to increase its geographic footprint by entering the top 100 cities in India, as well as further expand into international markets.

— Christine Hall

Funding rounds

Celonis Raises $1B: Execution management platform raised $1 billion in a Series D round, the company said Wednesday. The round, which was co-led by and , brings the company’s valuation past $11 billion. In addition to the funding news, the company announced that Carlos Kirjner joined Celonis as its new chief financial officer, after previously serving as VP of finance. Celonis last raised $290 million in a Series C round in November 2019.

— Sophia Kunthara

Lansweeper raises $158M: , a Belgian company that provides software for tracking IT assets, reportedly in a funding round backed by I. Founded in 2004, the company has not previously closed a venture funding round, per Crunchbase data.

Shippo Raises $50M: Shipping platform raised $50 million in new funding, bringing its valuation to $1 billion, Wednesday. led the round for the logistics company, which helps e-commerce companies manage their shipping. E-commerce has seen a boom in the last year amid the pandemic, so it makes sense that companies like Shippo would see a boost as well. Shippo last raised $45 million in February, at a valuation of $495 million.

— Sophia Kunthara

Construction Tech

Report says Katerra to shut down: Heavily funded construction technology startup is on the verge of shutting down, according to a from The Information. Founded in 2015, Katerra raised at least $1.6 billion in known funding, per Crunchbase data, and counted as its largest backer.

— Joanna Glasner

Fintech and e-commerce

Divido lands $30M: London-based , a white-label consumer lending platform for financial institutions and multinational retailers, announced $30 million in Series B funding for international expansion and technology and product development. The round was led by and . Launched in 2014, Divido’s platform connects lenders, merchants and partners at the point of sale to create buy now, pay later payments.

Pinwheel spins $20M: New York-based , a payroll connectivity company, announced a $20 million Series A round led by . The company’s platform connects payroll providers through a single point of connectivity for tasks, such as enabling direct deposit switching and retrieving data for employment verification.

DealHub.io raises $20M: , a revenue amplification platform headquartered in Austin, closed on $20 million in Series B funding led by . Revenue amplification turns sales and revenue operations to personalized offerings to each buyer no matter where they are in their buying journey.

PrizePool banks $10M: Savings account platform secured $10 million in Series A funding, led by , to bring total funding to $14.35 million since 2019, with the company valuation at $50 million, according to the San Mateo-based company. PrizePool gamifies savings by offering weekly drawings for cash prizes for every $1 in the account.

— Christine Hall

Health care

RheaVita raises €2.5M: Belgium-based RheaVita, a company developing continuous freeze-drying technology for biopharmaceutical products, announced 2.5 million euros ($3.04 million) in Series A financing co-led by and .

— Christine Hall

Enterprise software

SignalWire raises $30M: Palo Alto, California-based closed $30 million Series B led by and joined by , and . The software-defined telecommunications company has raised a total of $41.6 million to date.

— Chris Metinko

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