Ecosystem News

Newsela, the replacement for textbooks, raises $100M and becomes a unicorn

1 hour 4 minutes ago
Newsela, a SaaS platform for K-12 instructional material backed by the likes of TCV, Kleiner Perkins, Reach Capital and Owl Ventures, announced today that it has raised $100 million in a Series D round. The financing was led by new investor Franklin Templeton, and brings Newsela’s valuation to $1 billion. The new round is larger […]
Natasha Mascarenhas

DigitalOcean’s IPO filing shows a two-class cloud market

5 hours 3 minutes ago
This morning DigitalOcean, a provider of cloud computing services to SMBs, filed to go public. The company intends to list on the New York Stock Exchange (NYSE) under the ticker symbol “DOCN.” DigitalOcean’s offering comes amidst a hot streak for tech IPOs, and valuations that are stretched by historical norms. The cloud hosting company was […]
Alex Wilhelm

Crypto company Anchorage raises $80 million after getting federal banking charter

5 hours 30 minutes ago
Anchorage has raised an $80 million Series C funding round led by GIC, also known as Singapore’s sovereign wealth fund. Andreessen Horowitz, Blockchain Capital, Lux and Indico are also participating in today’s funding round. The thinking behind this funding round is quite simple. Some companies, such as Tesla or Square, have recently chosen to invest […]
Romain Dillet

Stoke Space aims to take reusable rockets to new heights with $9M seed

6 hours 36 minutes ago
Many launch providers think reusability is the best way to lower the cost and delay involved in getting to space. SpaceX and Rocket Lab have shown reusable first stages, which take a payload to the edge of space — and now Stoke Space Technologies says it is making a reusable second stage, which will take […]
Devin Coldewey

Docyt raises $1.5M for its ML-based accounting automation platform

7 hours 30 minutes ago
Accounting isn’t a topic that most people can get excited about — probably not even most accountants. But if you’re running any kind of business, there’s just no way around it. Santa Clara-based Docyt wants to make the life of small and medium business owners (and their accounting firms) a bit easier by using machine […]
Frederic Lardinois