April 20, 2021
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The Lead
Mastercard will pay $850 million for Ekata, a startup that sells identity verification products. Mastercard said it will incorporate Ekata's technology into its own to "deliver a more comprehensive identity service."
Full Story: GeekWire (4/19) 
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Understanding SPACs: A Wharton Executive Education / LinkedIn Live event
SPACs have been around for years but are growing in popularity as they provide a source of capital for private companies looking to go public. Join Wharton Finance Faculty on April 21 at 12 p.m. ET to learn more about the pros and cons of SPACs. Register Now.
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Capital Call
Chargebee, a startup that helps businesses manage subscription billing and revenue accounting, raised $125 million in a funding round that gave it a $1.4 billion valuation. The company will use the new capital to scale globally.
Full Story: Bloomberg (4/20) 
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PureSpectrum, a startup whose online platform allows researchers to connect with millions of panelists around the world to gather sentiment on products and services, raised $17 million in its Series B funding round. The new capital will be used to broaden the company's product offering and target top talent.
Full Story: FinSMEs (4/20) 
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CodeLogic, a startup that developed an application that maps software architecture, raised $16 million in its Series A funding round. The company will use the new capital to enter new markets.
Full Story: FinSMEs (4/19) 
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Bespoke Financial, a startup that makes loans to businesses in the cannabis industry, raised $8 million in its most recent funding round. With the new capital the company will develop new financing tools for the industry.
Full Story: Los Angeles Business Journal (free registration) (4/19) 
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Affogata, a startup that helps companies collect data on what customers say about them online, raised $5.5 million in its Series A funding round. Co-founder Sharel Omer said the new capital will be used to fund customer service initiatives, bolster its online visibility and further develop its tooling.
Full Story: VentureBeat (4/19) 
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A new energy podcast: Renewable Energy SmartPod
Listen to interviews with industry leaders and get the latest news about the trends and technologies powering the energy transition. Subscribe to the Renewable Energy SmartPod.
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View from Abroad
Oatly Group, a Swedish startup that sells milk made from oats, has filed for an initial public offering in the US. The company hopes to raise $100 million through the sale of American depositary shares, according to its filing with the Securities and Exchange Commission.
Full Story: The Wall Street Journal (4/19),  Bloomberg (4/20) 
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Dott, a Belgian e-scooter startup, raised $85 million in its Series B funding round. With the new capital it plans to enter new markets in the UK and Spain, and add bicycles to its offering.
Full Story: TechCrunch (tiered subscription model) (4/19) 
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NVCA News
Each quarter, NVCA and PitchBook publish the PitchBook-NVCA Venture Monitor, the authoritative report on venture capital activity in the entrepreneurial ecosystem. The Venture Monitor provides a complete look at venture capital activity, reporting on fundraising, investments, exits and other relevant industry analysis. Read the latest report.
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April prepares her green traffic light and the world thinks Go.
Christopher Morley,
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