EverFi raises $190M for ed-tech
EverFi, a provider of digital learning tools for schools, has raised $190 million in a new round led by The Rise Fund, and joined by TGP Growth, MainStreet Advisors, Jeff Bezos, and others, Fortune reports. The investment in Washington DC-based EverFi marks one of the largest financings to date for the ed-tech sector.
Unicorns eat a fifth of startup funding
Unicorns are known for consuming vast quantities of capital. But just how much of total startup funding do they get? A news analysis found that just over 20 percent of all pre-IPO, non-private equity venture capital and debt financing for U.S. startups has gone to unicorns (defined as companies founded after 2004 that reach private valuations of $1 billion or more).
Robinhood raises $110M for free stock trading
Zero-fee stock trading app Robinhood has raised a $110 million Series C round led by DST Global, with participation from new and existing investors, TechCrunch reports. The new financing reportedly values the fast-growing, four-year-old startup at $1.3 billion.
Korea’s TMON raises $115M
Korea’s Ticket Monster, a mobile e-commerce marketplace also known as TMON, has raised $115 million in a new round backed by Simone Investment Managers and existing investors. The round comes at a lower valuation than TMON’s last fundraise a year ago, which valued the company around $1.5 billion. TMON plans to use the funding primarily to expand into grocery sales.