The Week’s Biggest Funding Rounds: Fleetio And Mercury Nab Massive Rounds
Summary
The deal comes just about a week after Google parent Alphabet announced its intention to buy cloud security unicorn Wiz for $32 billion the biggest ever M&A exit for a VC-backed company. In March 2022, it announced a $115 million Series B at a $1.3 billion valuation led by Insight Partners minting it a unicorn just seven weeks after launching. This week a large round goes to another Boston-based cyber firm, as Aura raised $140 million in equity and debt at a valuation of $1.6 billion in a Series G led by Ten Eleven Ventures and Madrone Capital Partners. Also, $105M, transportation: Palo Alto, California-based electric micromobility company Also raised a $105 million round led by Eclipse Ventures as it launched from stealth.8. U.K.-based Level, an application that provides loans, funding, financial, tax returns, liquidity, legal advice and lending services, raised a venture round worth nearly $136 million.We tracked the largest announced rounds in the Crunchbase database that were raised by U.S.-based companies for the seven-day period of March 22 to March 28.