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Briefing

The Briefing: Hopin Lands $400M, Tytocare Raises $50M, And More

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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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Hopin raises $400M at $5.65B valuation for virtual events platform

Virtual events platform provider pulled in $400 million in a fresh financing round that sets a $5.65 billion valuation for the London-based company.

, and led the financing for the 2-year-old startup, which has seen high growth amid the pandemic as demand for virtual gatherings has surged.

— Joanna Glasner

Health care

Tytocare lands $50M for remote exams:, provider of a telehealth platform for AI-powered, on-demand remote medical examinations, it raised $50 million in an oversubscribed Series D extension round led by . The round sets a valuation for the New York-based company that’s more than doubled from 10 months ago.

— Joanna Glasner

Fintech

Unslashed Finance, ETHA Lend raise small rounds: London-based launched its insurance products for cryptocurrency assets with $2 million in funding from a group of investors that included and . The company’s insurance products cover significant risks from exchange and smart сontract hacks to validators slashing to stablecoin pegs and oracle failures.

Meanwhile, Shanghai-based closed $1.6 million in seed funding led by , and . ETHA Lend, developing a yield optimizer protocol for the decentralized finance ecosystem, will leverage the funds to continue development on its protocol, which is expected to be released in the second quarter.

— Christine Hall

Manufacturing

Seebo raises $24M: , which enables manufacturing plants to reduce inefficiencies, as well as predict and prevent losses by using artificial intelligence, raised an additional $24 million in Series B funding led by .

— Christine Hall

Public offerings

Flipkart said to eye U.S. listing via SPAC: , the -owned Indian e-commerce giant, is exploring a U.S. public market listing through a deal with a blank-check firm, according to a Reuters citing unnamed sources. At this point, however, a traditional stock market listing is much more likely, the report said.

— Joanna Glasner

New funds

Crypto.com raises $200M for venture arm: , a Hong Kong-based payments and cryptocurrency platform launched a venture firm, Crypto.com Capital, armed with $200 million to invest in crypto startups at the seed and Series A stage. The firm is led by Crytpo.com co-founder . It intends to write checks between $100,000 and $3 million for seed rounds and from $3 million to $10 million for Series A rounds, the company said.

— Christine Hall

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