Udemy reportedly in talks to raise $100M | Device management startup Kandji raises $21M | Round brings in $20M for farm technology startup Arable
October 30, 2020
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The Lead
Udemy, an online education startup that has experienced rapid growth since the start of the coronavirus pandemic, is in talks to raise $100 million, sources said. The company has reportedly hired Goldman Sachs to assist with the fundraising.
Full Story: Reuters (10/30) 
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Capital Call
Kandji, a startup that helps business clients manage their Apple devices, raised $21 million in its Series A funding round. The company will use the new capital to broaden the range of products it offers and expand its workforce.
Full Story: FinSMEs (10/30) 
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Arable, a startup whose technology helps farmers manage their crops, raised $20 million in its Series B funding round. The new capital will fund growth and the development of new products, the company said.
Full Story: VentureBeat (10/29) 
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Hermeus, a startup that says it can achieve its goal of building a Mach 5 aircraft with existing technologies, raised $16 million in its Series A funding round. The new capital will be used to build and test its first full-size engine for the aircraft.
Full Story: TechCrunch (tiered subscription model) (10/29) 
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PORTL Hologram, a startup that makes hologram machines, raised $3 million from former Electronic Arts executive Doug Barry, awards-show producer Joe Lewis and venture capital investor Tim Draper. The company plans to develop a smaller version of its system.
Full Story: TechCrunch (tiered subscription model) (10/30) 
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Raycast, a startup that creates productivity tools for software developers, raised $2.7 million in its seed round. The company launched its first tool in free public beta on Thursday.
Full Story: TechCrunch (tiered subscription model) (10/29) 
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Stablehouse, a stablecoin platform structured as a traditional clearinghouse, raised $2.18 million in its seed funding round. The new capital will be used to expand the platform and its engineering, sales and service teams.
Full Story: Finance Magnates (10/29) 
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View from Abroad
WareIQ, an Indian startup that processes orders and makes deliveries for e-commerce sellers, raised $1.65 million in its seed round. With the new capital it plans to start serving new geographical areas and expand its tech staff.
Full Story: TechCrunch (tiered subscription model) (10/29) 
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Sector Spotlight: Life Sciences
Scorpion Therapeutics, a startup developing the next generation of precision oncology, raised $108 million in its Series A funding round. With the new capital the company will continue to develop small molecule drugs to treat cancer patients.
Full Story: FinSMEs (10/30) 
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Gauss, a startup that develops computer vision for health care applications, expanded its Series C funding round from $20 million to $30 million. The new capital will be used to continue work on a rapid, at-home antigen test for COVID-19.
Full Story: FinSMEs (10/29) 
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NVCA News
General registration for VC University LIVE - SMU is open! This three-day certificate course on venture finance, created by NVCA, Venture Forward, and Startup@BerkeleyLaw, will be held virtually from Nov. 12-14 in partnership with SMU in Dallas, Texas. This program democratizes access to quality venture capital education for early career investors, entrepreneurs, attorneys, and anyone else who's interested in emerging company finance. Space is limited and will be filled on a rolling basis. Visit the VC University LIVE - SMU website to learn more and to register for the program.
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