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Misfits Market Raises $200 Million
Misfits Market, a startup which sells groceries at a reduction, raised $200 million in a Collection C spherical of enterprise funding.
The fundraising was led by Accel and D1 Capital and included participation from Valor Fairness Companions, Greenoaks Capital, Sound Ventures, and Third Form Ventures, amongst others. Accel received a seat on the board as a part of the funding.
Misfits Market is ready to worth its merchandise at steep reductions as a result of it buys and sells gadgets which have been rejected by grocery shops for quite a lot of causes. For instance, it not too long ago bought 50,000 bottles of olive oil which had barely crooked labels however have been in any other case utterly usable. Along with providing its prospects nice offers, Misfits Market additionally helps cut back meals waste.
The corporate has raised $301.5 million in funding since its inception in 2018 and now has a valuation of greater than $1 billion. Proceeds from the fundraising will probably be used to develop into extra grocery classes and extra areas.
Donation Platform Secures $118 Million
Elegant, a software program startup which helps nonprofits elevate cash, not too long ago secured $118 million in enterprise funding. Nonprofits on Elegant’s platform have raised $3 billion over time.
The Collection D funding spherical was led by Norwest Enterprise Companions, and included participation from present traders Salesforce Ventures and Hinge Capital. The corporate has raised $183.5 million in enterprise funding since its inception in 2011.
The proceeds from the fundraising spherical will probably be used for product improvement and to develop the corporate’s product and engineering workforce. Elegant additionally goals to enter new markets like company giving, andalso pay again its $4 million Paycheck Shield Program mortgage.
Sports activities Media Firm Raises $80 Million
Extra time, a sports activities media firm which simply launched its personal basketball league, not too long ago raised $80 million in enterprise funding.
The Collection C spherical of fundraising was led by present traders Sapphire Sport and Black Capital and included participation from Jeff Bezos’ funding agency, rapper Drake, Reddit Co-Founder Alexis Ohanian, and several other NBA gamers. Extra time has raised greater than $140 million in enterprise funding since launching in 2016 and has greater than 50 million social media followers.
The corporate creates and distributes authentic sports activities content material on-line. It additionally sells attire, and it launched a paid basketball league in March. A portion of the $80 million will probably be used for gamers’ salaries and workers, and for league start-up prices.
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