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Briefing

The Briefing: Zomato Files For IPO, Boundless Bio Raises $105M, And More

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Here’s what you need to know today in startup and venture news, updated by the ºÚÁÏ³Ô¹Ï News staff throughout the day to keep you in the know.

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India’s Zomato Files For IPO

Gurgaon, India-based food delivery service has up to $1.1 billion in an initial public offering of shares to list on Indian stock exchanges NSE and BSE.

Founded in 2008, Zomato has previously raised at least $2.1 billion in known funding, per ºÚÁÏ³Ô¹Ï data.  Major backers include , Ìý²¹²Ô»å .

Between April and December 2020, Zomato reportedly pulled in $183.6 million in revenue, paired with a loss of $91.8 million.

— Joanna Glasner

Funding rounds

Boundless Bio lands $105M: San Diego-based , a precision oncology company developing therapeutics directed against extrachromosomal DNA (ecDNA) in aggressive cancers, raised $105 million in a Series B financing led by and .

Caresyntax raises $100M: Boston-based , developer of a digital surgery platform, in a Series C funding round led by . The company uses AI-enabled software to analyze large volumes of real-world data in and around the operating room to deliver insights that can be used by the care team.

— Joanna Glasner

Alchemy raises $80M: Blockchain developer platform raised $80 million in a Series B round, the company announced Wednesday. and led the round, which brought the company’s valuation to $500 million. Notably, Alchemy is behind the major NFT platforms, including and and CryptoPunks, which have gained popularity in recent months alongside the surge in interest in NFTs.

— Sophia Kunthara 

Health care

Outcomes4Me raises $12M: Cambridge, Massachusetts-based , developing an artificial intelligence-powered cancer care management platform, announced $12 million in an oversubscribed Series A round led by . The new funding will be used to extend the platform’s use cases beyond breast cancer, technology development and European expansion.

Take Command Health inks $12M: Dallas-based announced a $12 million Series A round of funding, led by , to continue developing its  model of employer-sponsored health insurance.

UCM Digital Health closes $5.5M: closed on a $5.5 million Series A led by . The Troy, New York-based company provides emergency telemedicine tools that integrate with payer or employer health plans to offer services, such as home testing, virtual primary care or virtual emergency treatment.

— Christine Hall

Fintech

Warren secures $55M: Brazil-based fintech company announced a $55 million Series C round led by . The company, founded in 2017, is a broker and asset manager offering a flat-fee, goal-based investment platform. Warren intends to invest the new funding in hiring more employees and potential M&A targets.

Splitwise banks $20M: Providence, Rhode Island-based , a cost-splitting app for friends and family, received $20 million in Series A funding led by . As of this month, more than $90 billion in total transactions were split on the Splitwise platform, the company said.

CollegeBacker changes name, inks $8.4M: announced an $8.4 million round of funding, led by , as well as a name change to Backer. The San Francisco-based company enables users to set up a tax-free 529 account in which family and friends can contribute.

— Christine Hall

Clean tech

Sweep launches with $5M: , a Paris-based carbon-reduction company, launched its public beta with $5 million in seed funding. The company’s platform enables customers to unite employees and external partners to reach net zero carbon emissions. The round was led by , and .

— Christine Hall

M&A

EDITED acquires DynamicAction: London-based market intelligence platform announced it , an internal retail analytics firm, to enable retailers to make better data-backed decisions. Terms of the deal were not disclosed.

— Christine Hall

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