Friday Fundings: Caris Life Sciences, Vinted, and Acquco
Life Sciences Startup Brings in $830 Million
Caris Life Sciences raised $830 million in venture funding. The round was led by Sixth Street Partners and included participation from T. Rowe Price (TROW), Silver Lake, Fidelity Management & Research, and Coatue Management.
Caris’ platform provides genomic information to patients suffering from cancer which can be used to determine treatments. Patient biopsies are sent to Caris for analysis.
The capital raise gives Caris a valuation of $7.83 billion. The company plans to use the proceeds to enter the liquid biopsies market and launch an initial public offering in about 12 months. RLife sciences startups have drawn a lot of interest recently from private equity investors who want to capitalize on the innovations happening in the marketplace.
Clothing Marketplace Operator Raises $303 Million
Vinted, the European clothes and home goods marketplace operator, raised €250 million or $303 million in venture funding. The fundraising round was led by EQT Growth. Other participants included previous investors Accel, Burda Principal Investments, Insight Partners, Lightspeed Venture Partners, and Sprints Capital. Vinted now has a pre-money valuation of €3.5 billion or $4.2 billion.
Through Vinted’s marketplace, consumers can buy and sell clothing and home goods. The company is part of what is known as the circular economy, which has recently drawn increased interest from investors. Some 45 million people currently use Vinted and the startup plans to use its fresh funding to further expand its user base.
Amazon Business Acquirer Raises $160 Million
Acquco, a startup which buys third-party sellers operating on Amazon (AMZN), raised $160 million in venture funding. The Series A round was led by CoVenture, Singh Capital Partners, and Crossbeam. It also included participation by Aman Bhutani, the CEO of GoDaddy.
Acquco uses proprietary technology to identify acquisition targets on Amazon. The deals are structured in a way that sellers get money and participate in the growth of the brand. Acquco plans to use the funding to build out its technology platform and help it reach $500 million in revenue next year.
Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Adviser
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.
SOSS21051403
All your finances.
All in one app.
App Store rating
