Franklin Templeton Archives - Crunchbase News /tag/franklin-templeton/ Data-driven reporting on private markets, startups, founders, and investors Mon, 16 Mar 2020 15:36:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 /wp-content/uploads/cb_news_favicon-150x150.png Franklin Templeton Archives - Crunchbase News /tag/franklin-templeton/ 32 32 Chicago-Based Tempus Raises $100M At $5B Valuation For AI-Driven Healthcare /venture/chicago-based-tempus-raises-100m-at-5b-valuation-for-ai-driven-healthcare/ Mon, 16 Mar 2020 15:17:42 +0000 http://news.crunchbase.com/?p=26580 , a healthtech company started by Ěýł¦´Ç-´Ú´ÇłÜ˛Ô»ĺ±đ°ů , has a $100 million Series G round at a post-money valuation of $5 billion. The money comes less than 10 months after Tempus raised a $200 million at a pre-money valuation of $2.9 billion.

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, , , and participated in the financing. With the latest round, Tempus has now raised $620 million since its September 2015 inception, according to Crunchbase Previous backers include and Denmark’s .

Tempus says it has built an operating system to deliver personalized cancer care. It’s using its new capital to expand  into other disease areas, including diabetes, depression and cardiology.

The startup is on a mission to redefine how genomic data is used in a clinical setting. It’s built out an interactive analytical and machine-learning platform so patients can benefit “from the treatment of others who came before.”

Tempus’ genomics tests analyze DNA, RNA and proteomic data to understand a patient’s tumor at the molecular level with the goal of identifying customized treatment options.

Currently, Tempus works with thousands of oncologists across hundreds of medical systems. It claims to have the “world’s largest libraries of clinical and molecular data, and an operating system to make that data accessible and useful.”

As anyone who’s had a family member battle cancer can attest to, the thought of more personalized (and better!) care is more than welcome.

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SpotOn Raises $50M To Help SMBs Operate More Efficiently /startups/spoton-raises-50m-to-help-smbs-operate-more-efficiently/ Wed, 11 Mar 2020 14:07:34 +0000 http://news.crunchbase.com/?p=26391 , a payments and software startup focused on small and medium-sized businesses (SMBs), announced this morning it has raised $50 million in Series B funding led by –a newish VC firm founded by former execs.

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Existing backers , and , also participated in the financing, which brings the company’s since its early-2017 inception to $130 million. This round comes just nine months (to the day) since SpotOn raised $40 million in co-led by Dragoneer and Franklin Templeton.

San Francisco-based SpotOn is taking on the likes of Square in the payments space. But says it “goes way beyond” traditional payment processing and point-of-sale (POS) software. Its platform also gives SMBs the ability to run their businesses “from building a brand to taking payments and everything in-between.” It incorporates tools that include things such as custom website development, scheduling software, marketing, appointment scheduling, review management, analytics and digital loyalty.

To put it simply, according to SpotOn President , SpotOn aims to give SMBs the ability to accept payments “coupled with meaningful, integrated software to meet their specific needs and operate more efficiently.”

“Unlike other offerings, we build our own product offerings and have straight-forward pricing coupled with face-to-face service,” Horsley added.

Growth

The company says its new funding follows a year in which it saw revenue increase “by over 150 percent.” Also, SpotOn doubled its employee count to 850 over the past year. So far in 2020, it’s added over 5,000 clients with a focus on the food and beverage industry. Horsley said the company expects to add 30,000 clients this year. Currently, SpotOn has “tens of thousands of clients,” and is more than doubling year over year, he added.

For 01 Advisors managing partner and co-founder (and former Twitter CEO) , SpotOn is a rare company that can build both “great” products and “great” sales teams.

The company plans to use its new capital to invest in product development with an emphasis on targeting specific verticals. It’s especially focused on its restaurant solution, having recently tripled the development team working on improving upon that product.

SpotOn is currently “aggressively hiring.” Besides its San Francisco headquarters, the company has “expanding” product, technology and operations teams in Chicago, Detroit and Denver, as well as newly opened offices in Mexico City, Mexico, and Krakow, Poland.

It’s been a busy week for 01 Advisors. The firm also put money into New York City-based , which provides enterprise-grade IT services to SMBs and has just raised a $14.5 million Series B round.

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