Here’s what you need to know today in startup and venture news, updated by the Ƶ News staff throughout the day to keep you in the know.
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Verbit rings up $250M for voice AI
AI voice and transcription startup said Tuesday that it closed a $250 million Series E at a $2 billion valuation—double its valuation in June, when it .
The round was led by a $200 million investment by , with additional participation by existing investors , More Capital, ,, , and TCP.
— Marlize van Romburgh
Vercel lands $150M Series D
, a platform to develop, preview and ship websites, announced that it secured $150 million in Series D funding at a $2.5 billion valuation. The round brings total funding to date for the 6-year-old company to $313 million.
led the financing, joined by a long list of mostly existing investors. Since its Series A in April 2020, Vercel says uptake of its core product, Next.js, has grown 300 percent.
— Joanna Glasner
Metafy acquires GamersRdy
Pittsburgh-based startup , an online coaching platform for gamers, has acquired former competitor . The deal allows Metafy to add GamersRdy’s more than 100 coaches to its platform. Terms of the deal were not released.
Launched in 2018, London-based GamersRdy has more than 20,000 active users seeking coaching for games like “Rocket League” and “Fortnite.”
Ƶ reported earlier this month, Metafy is getting ready to announce its Series A.
— Chris Metinko
Payhawk raises $112M
, a provider of tools for managing payments and expenses, raised $112 million in a Series B round led by at a valuation of $570 million. Founded three years ago, Payhawk operates out of offices in London, Sofia, Berlin and Barcelona.
— Joanna Glasner
M&A
Getir acquires Weezy: Istanbul-based , a provider of ultrafast grocery deliveries, agreed to acquire British rival , in the latest sign of consolidation for the fast-growing sector. Founded in 2019, Weezy previously raised $25.6 million in known funding, per Ƶ data.
— Joanna Glasner
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