Welcome to Last Week In Venture, a weekly roundup of venture deals inked with interesting companies that you may have missed.
There’s a lot going on. The U.S. Southeast braced for Hurricane Florence as Joyce and Helene . , one of the Google guys, , which wanted to grill him and other executives on election interference and national security. And a months-long . The FCC thinks to enact their own net neutrality rules. And a company invited folks to to show off its new phones. It’s been a week!
Follow Crunchbase News on
In spite of all that, though, investors continued to funnel staggering amounts of capital into companies like , , , and . It’s easy to overlook what companies outside the spotlight are contributing to startup ecosystems around the world. But that doesn’t mean their stories aren’t worth sharing.
Here we go!

Funding Hotspot: Aftermarket Marketplaces
Most of us who can afford it prefer to buy new stuff. But for big-ticket purchases especially, like a car, it can pay to buy used. And for some rare or collectible items, buying something right out of someone’s closet might be the only way to cop a grail.
This week saw a couple of used-good marketplace platforms raise cash from investors. Here’s the run-down:
- is one of several upstarts competing to own part of the very lucrative used car industry. On Thursday, it announced led by automotive dealership network . A fleet of prior investors including , , , and , among others, invested in the round.. In addition to that equity financing, the company secured as part of the transaction.
- Detroit-based , a platform for buying and selling sneakers and select streetwear, picked up a cool $44 million from and , , including unlikely syndicate partners DJ and founder . It plans to use this capital to expand its anonymous mobile-first marketplace infrastructure to other product verticals, and into international markets.
Other Rounds From Interesting Companies
- , which makes a website-building platform, in what the company is framing as an extension of its Series A round. (The company’s CEO, David Chen, that the round was “technically a Series B level round.”) This brings the Shanghai-based company’s total known funding to $17 million since it was founded in 2012, when Chen and his co-founders were students at the University of Chicago. Today, the company employs over 300 people. (Note: Crunchbase News’s Jason D. Rowley and Alex Wilhelm were both classmates of David Chen.)
- Chicago-based formally announced it led by . The company operates the “first licensed cryptocurrency exchange to offer institutional trading and settlement for both the spot market and CFTC-regulated derivatives,” according to a statement. Its two founders initially launched the company to build futures trading markets for avocados and industrial hemp, but pivoted with the crypto craze. In December 2017, Seed CX that , the cryptocurrency exchange, acquired a controlling strategic stake in the company, citing its swap exchange facility (Seed SEF) as a core motivator for the deal. Seed CX started raising this Series B round back in June, according to Crunchbase News approached the company about at the time.
- Drone manufacturer raised led by and had participation from and (which followed on its $2 million seed investment from April 2017.). Impossible Aerospace’s 7.1 kilogram (15.7 pound) flagship Impossible US-1 drone features a 75 kilometer (46.6 mile) range, an optional thermal-imaging camera from FLIR, and a two-hour flight time, over twice that of major competitors. The base model drone costs $7,500 and the one with the FLIR camera will set buyers back by $10,000. CEO Spencer Gore that “The US-1 is more than just a product. It’s also a proof of concept of a new way of designing aircraft.” With its battery-first structural design and custom drivetrain, Gore eyes a future of developing bigger, human-laden aircraft.
- Finally, we direct you to an article Crunchbase News published on Friday about , which just raised $25 million in a Series A round. What does the company do? Among other things, it grows brains in jars for science.
And for those intrepid folks who made it to the end, a lagniappe: . We’re off to enjoy a relaxing weekend! ?
Image Credits:Last Week In Venture graphic created by . Cover and thumbnail by DzԲ.
Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.


67.1K Followers