Used car marketplace Vroom raises $254M | Data-protection startup Cyberhaven raises $13M | Electric motor startup Infinitum raises $12.5M
December 6, 2019
NVCA SmartBrief
News for the startup ecosystem
The Lead
Used car marketplace Vroom raises $254M
Online used car retailer Vroom raised $254 million in a funding round that a source said gave it a $1.5 billion valuation. Some of the new capital will be spent on expansion of its Detroit product and engineering facility.
FinSMEs (12/6),  The Wall Street Journal (tiered subscription model) (12/6) 
LinkedIn Twitter Facebook Email
[Webinar] Women Leading Software in 2020
Today's workplace is changing at a rapid clip — including in software — and the best leaders are those who are helping themselves and their teams keep up. Join women leaders for a webinar on December 12th at 2pm EST as they talk about how they have established their own paths to leadership in the software industry, their takes on closing the gender gap and how women can help lift each other up to leadership roles. Register Now.
Capital Call
Data-protection startup Cyberhaven raises $13M
Cyberhaven, a startup focused on helping companies defend against theft of trade secrets, raised $13 million in Series A funding. The company will use the capital to support development of its product.
VentureBeat (12/5) 
LinkedIn Twitter Facebook Email
Electric motor startup Infinitum raises $12.5M
Infinitum Electric, a startup that is designing electric motors for use in multiple industries, raised $12.5 million. The company plans to begin shipping products in June.
The Business Journals (tiered subscription model)/Austin, Texas (12/6) 
LinkedIn Twitter Facebook Email
Apostrophe raises $6M to help patients connect with dermatologists
SignalFire led a $6 million seed round for Apostrophe, a startup that brings patients and dermatologists together. Apostrophe facilitates the distribution of the prescriptions needed as part of a treatment plan.
TechCrunch (tiered subscription model) (12/5) 
LinkedIn Twitter Facebook Email
Seed round raises $2M for logistics startup Shipium
Shipium, a startup that helps retailers with their logistics, raised $2 million in its seed round. The company describes what it provides to its clients as "supply chain optimization and data processing as a service."
GeekWire (12/5) 
LinkedIn Twitter Facebook Email
Inside the Beltway
Mnuchin: No need for Fed-backed digital currency
US Treasury Secretary Steven Mnuchin says he and Federal Reserve Chairman Jerome Powell agree there is no need for the central bank to introduce a digital currency. Mnuchin says that he has no problem with Facebook creating a digital currency but that it must comply with rules on money laundering and bank secrecy.
BNN Bloomberg (Canada) (12/5) 
LinkedIn Twitter Facebook Email
View from Abroad
Mobile game business Wildlife Studios raises $60M
Wildlife Studios, a mobile game studio launched in Brazil in 2011, raised $60 million at a $1.3 billion valuation. "Over the last couple of years, we expanded our team presence internationally, opening offices in the US," said CEO Victor Lazarte.
VentureBeat (12/5) 
LinkedIn Twitter Facebook Email
Canadian startup Thoughtexchange raises $20M
Information Venture Partners led a $20 million round for Thoughtexchange, a Canadian startup that describes itself as a "crowdsourcing intelligence platform."
GeekWire (12/5) 
LinkedIn Twitter Facebook Email
EU: New rules needed before launch of stablecoins
EU finance ministers say they don't want any new stablecoins, like Facebook's Libra, launched until the bloc has developed a common approach to govern them. Stablecoins could provide certain benefits, but they also pose challenges related to issues such as consumer protection, taxation and money laundering, according to a statement from the European Council and European Commission.
TechCrunch (tiered subscription model) (12/6) 
LinkedIn Twitter Facebook Email
Corporate Venture Capital
AR startup Streem bought by Frontdoor
Streem, maker of augmented reality technology for the home-improvement industry, has been acquired by Frontdoor. The Stream team will remain at its current location in Portland, Ore.
GeekWire (12/5) 
LinkedIn Twitter Facebook Email
Join NVCA today to impact policy
Joining NVCA is the best way to advance public policy that fosters a healthy environment for high-growth startups and to engage on the policy and industry issues that are important to VCs and your portfolio companies, including: immigration reform that welcomes qualified immigrant entrepreneurs; tax reform that promotes entrepreneurship and capital formation; making public markets work for small cap companies again; and smarter regulations for the startup economy. Become a member today.
LinkedIn Twitter Facebook Email
Learn more about NVCA:
About NVCA | Membership | Policy | Events | Research
Inspiration is a guest that does not willingly visit the lazy.
Pyotr Ilyich Tchaikovsky,
LinkedIn Twitter Facebook Email
Sign Up
SmartBrief offers 200+ newsletters
Learn more about the SmartBrief audience
Subscriber Tools:
Contact Us:
Advertising  -  Abiy Bekele
P: 919.931.5915
Editor  -  Liz Hester
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2019 SmartBrief, Inc.®
Privacy Policy (updated May 25, 2018) |  Legal Information