Insight Partners led a $213M Series C financing into data pipeline management developer Astronomer. The company's data orchestration tool Astro is integrated with the open-source Apache Airflow platform. Astronomer also announced its acquisition of data operations tool Datakin. More: - Including the recent funding, Astronomer has secured $300M in total financing to date.
- Proceeds from the funding will be used to grow its teams, accelerate platform development, scale operations, and pay for the recent acquisition.
- The company claims its software helped increase sales in a Fortune 10 company by $300M.
- Reportedly, its software is used by three Wall Street banks and nine top gaming organizations.
- Meritech Capital, Salesforce Ventures, J.P. Morgan, K5 Global, Sutter Hill Ventures, Venrock, and Sierra Ventures backed the funding.
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API management platform RapidAPI raised $150M in funding led by SoftBank Vision Fund 2. The Series D funding was provided to the company at a $1B valuation. The company had raised $122M in total before the current funding. More: - The company will scale its API Hub, add more functionality to its platform, and fund the acquisition of Paw, an API development tool, with the incoming funds.
- It raised $60M Series C, led by Green Bay Ventures, in April last year at a $355M valuation.
- RapidAPI platform is used by over 4 million developers, 1 million of which joined last year.
- In the last year, revenues increased by 110%.
- The round saw participation from Qumra, Andreessen Horowitz, M12, Viola Growth, Green Bay, and Grove Ventures.
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Virginia-based TemperPack raised $140M in equity funding. Goldman Sachs Asset Management led the investment. The company is a producer of environmentally friendly thermal insulation for cold chain packaging. More: - TemperPack reportedly is the largest producer of sustainable cold chain materials in the U.S.
- It caters to the food and life science industry, helping them eliminate the use of plastic while transporting perishable goods.
- Incoming funds will be used to build protective materials capacity, expand into new markets, and increase customer reach.
- Participants in the financing round included Grosvenor Food & AgTech, Harbert Growth Partners, Tao Capital Partners, and others.
- Per Crunchbase, the company has raised $208.9M in total funding to date.
- It last raised $31M Series C in Aug. 2020, led by Wheatsheaf Group Limited.
- Revolution led its prior $22.5M Series B investment in Jan. 2019.
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Nexo, a cryptocurrency lending, storage, and credit card provider, established a venture arm with a $150M debut fund. The fund is earmarked for the investment and acquisition of Web3 startups. More: - Nexo’s current head of corporate finance and investments, Tatiana Metodieva, will lead the venture capital arm.
- Metodieva aims to integrate innovative solutions into Nexo’s existing product ecosystem.
- Nexo Ventures will invest in Web3, DeFi, NFT, metaverse, and GameFi startups.
- The fund has already invested in 1inch, BlockFills, Bware Labs, Interlay, Mizar, Rain, Qredo, Yield Protocol, and others prior to the announcement.
- Parent organization Nexo recently launched an NFT-backed lending service in collaboration with Three Arrows Capital.
- The service allows for NFT tokens to be held as collateral for loans to customers.
Zoom out: - Other blockchain industry peers have started their own respective venture arms for investments in the Web3 sectors.
- Hashed launched a $200M fund in Dec. 2021.
- Griffin Gaming Partners established a $750M fund earlier this month.
- FTX announced a blockchain gaming-focused $100M fund last year.
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Dallas-based secure enterprise browser platform Island raised a $115M Series B investment. The funding round, which valued the company at $1.3B, was led by Insight Partners. Island’s browser for enterprise use is based on the Chromium platform, and includes additional security measures such as web filtering, exploit prevention, zero-trust access, and more. More: - The startup emerged from stealth mode in early February this year with $100M funding.
- Insight Partners also led the previous investment.
- Island’s browser is used primarily in organizations with bring-your-own-device policies and contractual workers.
- Existing investors Stripe and Sequoia Capital also participated in the recent fundraiser.
- Island has raised a total of $200M in funding so far.
- Incoming funds will help scale operations and expand business reach.
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Japan-based Terra Drone secured $70M in Series B financing. Mitsui Corporation led the current funding round. The firm has raised $83M in funding to date, including the recent round. More: - It last raised $14.4M Series A in Feb. 2021.
- Terra Drone provides air traffic management solutions for drone and urban air mobility.
- Incoming funds will expand the workforce, fuel expansion into Europe, the U.S., and Southeast Asia, and provide backing for strategic acquisitions.
- Terra acquired Terra Inspectioneering, a Netherlands-based drone company, in 2018.
- SBI Investment, Tokyu Land Corporation, Kushu Electric Power, Seika Corporation, JOIN, and Venture Lab participated in the funding.
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- ADQ and Türkiye Wealth Fund launched a $300M venture capital fund, named Türkiye Technology Fund, for investing in emerging startups with high growth potential in Turkey. The fund will invest in startups working in the energy, health care, food, mobility, financial services, and education sector.
- Abu Dhabi-based early-stage venture capital firm Shorooq Partners launched Bedaya Fund II. The firm is targeting commitments up to $150M for this fund. The fund will target pre-seed to Series A investments in startups in the Middle East, North Africa, and Pakistan.
- Scale Venture Partners led a $50M Series B investment into computer vision AI startup Datagen. Existing investors TLV Partners, Viola Ventures, and Spider Capital participated in the recent funding.
- San Francisco-based corporate workforce learning platform WorkRamp raised $40M in Series C financing. Salesforce Ventures, Slack Fund, and Susa Ventures co-led the financing.
- San Jose-based Spectro Cloud received $40M in Series B funding. The firm assists companies in building applications using the open-source Kubernetes platform. The funding was led by Stripe, with participation from T-Mobile Ventures, Sierra Ventures, and others.
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 |  | Karan Chafekar is a Management Consultant, Business enthusiast, and Licensed Pilot. | | | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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