Lucinda Shen

2 weeks ago | axios.com | Lucinda Shen

Cherry, a BNPL company for medical procedures, has raised a Series C round in recent months at an over $2 billion valuation, Axios has learned. Why it matters: BNPL companies fell out of favor coming out of the pandemic, but a new cohort of young startups in the space proves it was a revaluation, not demolition. Driving the news: CapitalG and Adams Street Partners led the round in the secretive startup, which was founded in 2019 and has never publicly announced any of its funding.

2 weeks ago | axios.com | Lucinda Shen

Venture capital• Glossier, a New York-based beauty brand, is seeking to raise $100m at a valuation below $1b (down from $1.8b in 2021), per Puck. Go deeper• Jobandtalent, a Spanish short-term work platform, raised €92m in Series F funding at a €1.3b valuation (down from €2.1b in 2021) from Atomico, BlackRock, DN Capital, Hercules, InfraVia, Kibo, and Kinnevik. Go deeper• Incident.io, a London-based incident management startup, raised $62m in Series B funding at a $400m valuation.

2 weeks ago | axios.com | Lucinda Shen

2 weeks ago | axios.com | Lucinda Shen

Venture Capital⚡ Base Power, a Texan home battery maker, raised $200m in Series B funding co-led by Andreessen Horowitz, Lightspeed Venture Partners, and Valor Equity Partners. Thrive, Altimeter, Terrain, and Trust Ventures participated. Go deeper• Nuro, a Mountain View, Calif.,-based developer of autonomous driving tech, raised $106m in Series E funding at a $6b valuation from T. Rowe Price, Fidelity, Tiger Global, Greylock, and XN.

2 weeks ago | axios.com | Lucinda Shen

Amid rising calls for U.S. re-industrialization, Advanced Manufacturing Company of America has raised $76 million in venture capital funding and acquired Electro-Mech Components, a family-owned business founded in 1963. Why it matters: It's rare that young venture-backed companies buy businesses from the mid-1900s. But this won't be a one-off. Zoom in: Caffeinated Capital, Founders Fund, Lux Capital, and a16z invested in the round, which coincides with rising venture investments in aerospace.