Zetwerk, an 18-month-old Indian B2B marketplace for manufacturing items, raises $32M

Zetwerk, an Indian business-to-business marketplace for manufacturing items, has closed a significantly large financing round as it scales its operations in the nation and also helps local businesses find customers overseas. The 18-month-old startup said on Wednesday it has raised $32 million in a Series B financing round led by Lightspeed and Greenoaks Capital. Zetwerk…

VSCO acquires video editing startup Rylo

The photo-sharing app behind the 2019 meme craze “VSCO girls” has acquired Rylo, a video editing startup founded by the original developer of Instagram’s Hyperlapse. A spokesperson for VSCO, an 8-year-old subscription-based business on track to surpass 4 million paying users, declined to disclose the terms of the deal. Rylo had raised roughly $38 million…

Healthcare-focused venture firms are forming a best practices group for securing health data

Some of the nation’s top healthcare-focused venture capital firms are banding together to form an advisory council with the technology security certification provider, Hitrust, to create best practices for data security for startups developing digital health technologies. The conversations, spearheaded by the Nashville-based, healthcare-focused investment fund, Frist-Cressey, were designed to accelerate the adoption of digital…

Vinted, the second-hand clothes marketplace, raises $141M at a $1B+ valuation

The market for second-hand clothes — the “circular economy” as it’s sometimes called — has been on the rise in the last several years, fuelled by economic crunches, a desire to make more responsible and less wasteful fashion choices, and a wave of digital platforms that are bringing the selling and buying of used clothes…

Luko raises $22 million to improve home insurance

French startup Luko has raised a $22 million Series A round led by Accel (€20 million). Founders Fund and Speedinvest are also participating in today’s funding round. When you rent a place in France, you have to provide a certificate to your landlord saying that you are covered with a home insurance product. And, of…

Top VCs in Paris share their investment interests

Since the election of president Emmanuel Macron in 2017, Paris has experienced a surge of momentum as a startup hub. Investor interest had been building for years, but Macron’s government has aggressively focused on adopting more business-friendly regulations and heavily courted the startup and VC community. In September, he announced a €5 billion initiative to…

Fourteen years after launching 1Password takes a $200M Series A

1Password has been around for 14 years, and the founders grew the company the old-fashioned way without a dime of venture capital. But when it decided to take venture help, it went all in. Today, the company announced a $200 million Series A from Accel, the largest single investment in the firm’s 35-year history. Dave…

LA-based gaming studio Scopely raises $200 million at a $1.4 billion valuation

The Los Angeles-based mobile game development studio Scopely has become America’s newest unicorn thanks to a $200 million financing which values the company at a whopping $1.4 billion. Scopely said it would use the capital to continue its strategy of developing and acquiring new games as it looks to continue its run of six consecutive…