Lume Weekly Private Market News & Notes 11.21.2022
Covers news about startups, private deals, technology, and innovation in the private market
đ Stats of the Week đ
Gartner survey finds 58% of organizations employ borderless technology talent
đ° Fundraising đ°
TRM Labs raised $70M Series B expansion from Goldman Sachs, PayPal, American Express and Citi (Nov 10)
TRM Labs is a platform that combines cross-chain data with threat intelligence and advanced analytics to help organizations detect crypto fraud and financial crime. The company raised $70M Series B expansion.
Brightside raises $33M in Series B funding (Nov 11)
Brightside, a financial care platform for employers, raised $33M in Series B funding. The company said that it is supporting over 300,000 families and has helped its customers save approximately $1,200 a year on average.
PayZen raises $20M for healthcare buy now pay later (Nov 16)
San Francisco-based PayZen, which offers buy now, pay later services to the healthcare industry, has reportedly raised $20M in equity and $200M in a warehouse credit facility.
Terzo lands $16M to extract key data from contracts (Nov 17)
Terzo uses AI to extract data in contracts related to a companyâs spend and revenue across their supplier and customer relationships. The company closed a $16M Series A. Its CEO said âwe are positioned to be a profitable business by 2025â.
Daylight, the LGBTQ+ neobank, raises cash (Nov 18)
Daylight, a digital bank that pitches itself as LGBTQIA+-friendly, announced a $15M Series A round.
đ Others đ
Klarna releases price comparison search tool, shoppable video (Oct 30)
Buy-now-pay-later (BNPL) Klarna released a new search tool that helps customers compare prices before making purchase. Klarna app also has a Watch and Shop section where customers can view tutorials, product unboxings and reviews from brands and creators.
Stripe lays off 14% of workers (Nov3)
Online payments giant Stripe is laying off roughly 14% of its staff, CEO Patrick Collison wrote in a memo to staff. Stripe has lowered its own valuation to about $74B from $95B, a 28% decline.
Adyen announces payments partnership with Instacart (Nov 10)
Adyen, the global financial technology platform, announced a new partnership with Instacart, a leading grocery technology company, for its payments processing.
NASA awards SpaceX $1.15B contract for second Artemis lander mission (Nov 15)
NASA has awarded SpaceX a $1.15B contract to develop an upgraded version of its Starship lunar lander and fly a second crewed mission.
Chainalysis confirmed as FTX creditor in bankruptcy case (Nov 17)
Analytics firm Chainalysis has said that it is owed money in the bankruptcy proceedings for collapsed exchange FTX. Chainalysis was one of 53 companies which FTX confirmed earlier this year it was doing business with according to Forbes. Others on the list include Deloitte and PwC, payments provider Stripe and more.