Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
Chargebee picks up $250M
Chargebee, a provider of subscription and recurring billing tools for SaaS and e-commerce businesses, raised $250 million in a funding round led by Tiger Global and Sequoia.
The financing reportedly sets a valuation around $3.5 billion for the 11-year-old company.
— Joanna Glasner
Wayflyer lands $150M for revenue-based financing
Dublin-based Wayflyer, a provider of revenue-based financing to e-commerce brands, raised $150 million in a Series B equity funding round.
DST Global and QED Investors led the financing, which sets a valuation of $1.6 billion for the company that launched its service in April 2020.
Wayflyer says it currently works with over 1,000 businesses worldwide and plans to invest billions of dollars in its customers in the years ahead.
— Joanna Glasner
Funding rounds
Island raises $100M for enterprise browser: Dallas-based Island, a startup that has developed a browser for enterprise users, emerged from stealth with around $100 million in new funding. Backers include Insight Partners, Sequoia Capital, Cyberstarts and Stripes.
— Joanna Glasner
Illustration: Dom Guzman
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By: Crunchbase News
Title: The Briefing: Chargebee Lands $250M, Wayflyer Raises $150M, And More
Sourced From: news.crunchbase.com/news/briefing-2-1-22/
Published Date: Tue, 01 Feb 2022 13:54:59 +0000
