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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DoorDash on deck for blockbuster IPO after pricing shares at $102
Food delivery service made its debut on the New York Stock Exchange today, after pricing shares for its initial public offering at $102 each, above the projected range of $90 to $95. [Read more]
The San Francisco-based unicorn has seen revenue surge amid the coronavirus pandemic, as demand for restaurant deliveries is up as fewer people dine out. At its IPO price, DoorDash would have an initial public market valuation of nearly $39 billion on a fully diluted basis, .
Founded in 2013, DoorDash previously raised $2.5 billion in venture and growth funding, reportedly hitting a final private pre-IPO valuation of around $16 billion.
Funding rounds
- Potloc raises CA$20M for consumer surveys: , a Canada-based company using social media targeting to improve the accuracy of surveys for consumer research, CA$20M in Series A funding, led by , and Canadian firms, ,听补苍诲.
- Unit lands $18.6M for banking tools: Unit, developer of a platform that lets third parties integrate banking services into their businesses, raised $18.6 million in a new funding round backed by investors including and .
- Arthur inks $15M for AI software: closed a $15 million Series A funding round, led by , to fill the last-mile gap in the artificial intelligence software stack.
- Contractbook raises $9.4M for contract management: , a legal tech automation company based in Copenhagen, Denmark, announced a $9.4 million Series A investment round led by .
- FLEx Lighting secures $9M to launch LCD technology: , a light technology supplier, announced $9 million in funding led by .
- Space startup Varda raises $9M: Varda Space, a Southern California-based orbital manufacturing startup, in a seed funding round led by and .
- BYBI expands into U.S. after raising $7M: , a U.K.-based vegan and sustainable skincare brand, completed a $7 million Series A round of funding to expand into the U.S., and in stores in January. The Series A investment was led by and existing investor.
- Meet Cute secures $6.25M for rom-com studio: Podcast company and story incubator closed a $6.25 million Series A round led by to create partnership content and expand its format.
- Smartlook closes $3.6M for enterprise analytics: Behavior analytics company , raised $3.6 million in Series A funding led by .
- Blueprint raises $3.4M for data-driven mental health care: Chicago-based , a startup that makes software for mental health clinicians to help them deliver more personalized, data-driven care, said it has raised a $3.4 million seed funding round led by聽, with participation from and other angel investors. (Read more here.)
- Salad Technologies raises $3.2M to share idle compute power: , which is聽 monetizing idle compute power, raised a $3.2 million seed extension, led by , which brings its total financing to $5.3 million.
- Pair Team brings in $2.7M for primary care workflow: raised $2.7 million in seed funding backed by , and to provide an end-to-end operations platform for primary care.
- Stuf bags $1.8M to expand self-storage: New York self-storage startup announced $1.8 million in seed funding led by and .
- Wiz closes $100M Series A: Cloud Security provider emerged from stealth Wednesday and closed a $100 million Series A from , , and . The company, based in Tel Aviv and Palo Alto, California, plans to use the money to scale the company.
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