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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Affirm upsizes IPO price range
Affirm, in an with the on Monday, said it intends to offer 24.6 million shares now priced between $41 and $44 each. That will boost its potential proceeds to $1.08 billion.
This is an increase from its Jan. 5 announcement of between $33 and $38 per share.
The company will list its shares on the Nasdaq Global Select Market under the symbol AFRM. expects the San Francisco-based fintech company鈥檚 shares to begin trading on Jan. 13.
Stripe stops processing for Trump campaign
is the latest high-valuation tech company to distance itself from President Trump in the wake of Wednesday’s attack on the Capitol.
The Wall Street Journal that the fintech company will no longer process payments for Trump鈥檚 campaign website.
Stripe is cutting off the president鈥檚 campaign account for violating its policies against encouraging violence, according to unnamed sources cited in the article.
Funding rounds
- Chinese fitness app Keep raises $360M: Chinese fitness class provider said it has recently a Series F financing round of $360 million led by .
- Cortilia raises $41M million for fresh food: Italian grocery delivery company has a 34 million euros ($41 million) Series C round to fuel expansion in a round led by .
- Dina inks $7M for at-home care: , a Chicago-based care-at-home platform, closed a $7 million funding round led by .
- Gig Wage adds $2.5M to Series A: , a Dallas-based fintech payroll company, said it raised a $2.5 million Series A extension led by . This brings the amount of the Series A, which was led by , to approximately $10 million.
- Alula raises $2.2M for cancer support platform: , a New York-based digital platform for cancer patients and caregivers, raised $2.2 million in seed funding led by .
- Biconomy banks $1.5M for blockchain: London-based, a platform providing blockchain developers a simplified onboarding and transaction experience for their Web3 projects, secured $1.5 million in a seed funding round led by .
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