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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Amazon to buy podcast company Wondery
said Wednesday that it’s buying , a subscription podcast platform, for an undisclosed sum. The Wall Street Journal earlier this month that an acquisition deal was in the works that would value 4-year-old Wondery at more than $300 million.
The West Hollywood, California-based startup has raised $15 million in venture investment, including in June 2019, from investors including and , according to Crunchbase data. It was last valued at about $100 million by venture investors, Privco data supplied to Crunchbase.
“We’re pleased to announce that Wondery — an innovative podcast publisher with a track record of creating and producing top-rated podcasts — has signed an agreement to join Amazon Music,” Amazon said in a Wednesday. “With Amazon Music, Wondery will be able to provide even more high-quality, innovative content and continue their mission of bringing a world of entertainment and knowledge to their audiences, wherever they listen.”
Fluence gets $125M from Qatar’s sovereign wealth fund at $1B valuation
, a joint venture between and that makes energy storage technology, said Wednesday that it has entered a deal with the to get $125 million from the sovereign wealth fund through a private placement transaction.
The investment in Arlington, Virginia-based Fluence, which makes energy storage products for wind farms and other renewable providers, comes at a $1 billion valuation, according to the company. Fluence said it plans to use the proceeds to grow its product offerings and launch in more markets around the world. AES and Siemens will remain major shareholders in Fluence following the deal, each with an approximately 44 percent stake in the company, according to a funding announcement.
Funding rounds
- 23andMe raises $82.5M: DNA testing technology unicorn has reportedly in a new funding round backed by and .
Tech news
- Apple loses copyright case against startup Corellium: A federal judge in Florida that security and virtualization startup had violated copyright law with its software, which helps researchers find bugs and security holes on ’s products.
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