Virtual events provider Hopin announced a $125 million Series B round of funding. IVP, Tiger Global Lead Hopin’s $125M Series B TIER has been operating amid the pandemic, with over 40 000 active scooters. The financing comes as the company is working to grow its European footprint, including new initiatives such as the rollout of a smartbox with a foldable helmet available with scooters Paris and Berlin.
The investment reportedly valued the start-up just below $1bn, including the new funds raised. Megaphone had raised TIER Mobility lands $250M for e-scootersīerlin-based electric scooter company TIER Mobility raised $250 million in a funding round led by the SoftBank Vision Fund. The deal is the latest in a string of acquisitions by Spotify, including The Ringer and Gimlet Media.
Spotify, the popular audio streaming platform, announced that it would buy podcast hosting company Megaphone.
It was one of several publicly traded companies who saw their shares take a hit on Monday, however, as drugmaker Pfizer announced promising early results for its coronavirus vaccine. The deal follows several other large acquisitions by San Jose, California-based Adobe in recent years: The Photoshop maker bought email marketing software maker Marketo in late 2018 for $4.75 billion, a few months after acquiring e-commerce platform Magento for about $1.7 billion.Īdobe, which offers a suite of marketing, analytics, e-commerce and image-editing software, has seen its stock price surge this year as the COVID-19 pandemic bolstered the remote-work and online-shopping sectors. According to Crunchbase data, Workfront previously raised $95 million in venture funding and completed a $280 million secondary share sale last year. The acquisition is expected to close in the first quarter of Adobe’s fiscal year. Subscribe to the Crunchbase Daily Adobe to buy Utah-based Workfront for $1.5BĪdobe said it would acquire Lehi, Utah-based project management software developer Workfront for $1.5 billion. 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.
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