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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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Qualcomm buys chip startup Nuvia for $1.4B

said Wednesday it will acquire Santa Clara, California-based , a central processing unit (CPU) design startup founded by former employees at , for $1.4 billion. Qualcomm anticipates integrating Nuvia鈥檚 CPUs across its product portfolio, including into its smartphones, laptops and other devices.

The startup was founded in 2019 by three of Apple’s former chip executives, including Nuvia CEO , and had raised $293 million to date, according to Crunchbase data. led the company鈥檚 $240 million Series B last year.

Rapyd raises $300M for payment tech

Payments platform has that it raised $300 million in Series D financing to fund its expansion.

led the financing for the London- and Silicon Valley-based company, bringing total known funding to date to around $470 million, per Crunchbase data.

Founded in 2016, Rapyd offers a platform that it says can embed fintech services into any application and simplify the complexity of offering local payment methods.

Blend brings in $300M for lending

Digital lender closed on a $300 million round of Series G funding, led by and , nearly doubling its valuation to $3.3 billion in just five months, the company said in a .

The new funding gives the San Francisco-based company a total known funding to date of approximately $665 million, according to Crunchbase data. It will support Blend鈥檚 next phase of growth and investment in products and services.

Founded in 2012, Blend鈥檚 technology platform supports banking capabilities for mortgages, consumer loans and deposit accounts, as well as enabling consumers to complete the finance process in one place.

Poshmark looks to raise IPO price range

, a social platform for buying and selling fashion and accessories, may be considering upsizing its initial public offering to $42 per share, .

If the new price goes through, it could mean potential proceeds of $277 million.

On Jan. 6, the Redwood City, California-based company said it intended to offer 6.6 million shares priced between $35 and $39 each at what would be a raise of up to $257.4 million.

The company will list its shares on the Nasdaq Global Select Market under the symbol POSH. Shares are expected to trade Jan. 14, according to .

Poshmark is the latest e-commerce company to go public. In just the past year, a strong list of companies have either started trading on the public markets or indicated they plan to go public, including,,,, and.

, an investment partner at who invests in e-commerce companies, told Crunchbase News earlier this week that it鈥檚 a good time for e-commerce businesses to head to the public markets.

鈥淭he growth is staggering for a lot of these companies, which are also amazing businesses,鈥� he聽 said.

Public offerings

• Affirm raises $1.2B in IPO:聽Point-of-sale installment loan provider raised in its initial public offering, after pricing shares above the projected range. (Read more here.)

Funding rounds

• Iziwork lands $43M for temporary employment: , a French startup offering a platform to improve temporary employment, raised $43 million in fresh funding from and .
• Bryte tucks in with $24M for sleep technology: , a Los Altos-based company focused on AI-powered restorative sleep technology, announced $24 million in Series A funding led by .
• CookUnity serves up $15.5M for meal subscription: , a Brooklyn-based food-tech company, closed on $15.5 million in Series A funding led by . The company touts itself as the 鈥渇irst direct chef-to-consumer meal subscription platform.鈥�
• Nayya inks $11M for personalized benefits platform: , an insurance benefits experience and management platform headquartered in New York, closed $11 million in Series A funding led by .

M&A

Central Logic acquires Acuity Link: St. Paul, Minnesota-based health care access company acquired, a provider of transportation communications and logistics management software. Terms of the deal were not disclosed. The deal taps into Acuity Link鈥檚 technology for Central Logic鈥檚 new capability, which was announced along with a new real-time bed visibility platform. This acquisition comes two months after Central , which provides customer services and care coordination facilities to health care organizations.

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