The Briefing: Kahoot Buys Clever, Shift Technology Lands $220M, And More
Summary
San Jose-based Bill.com will acquire Draper, Utah-based Divvy for approximately $625 million in cash and $1.875 billion of Bill.com common stock, according to a written statement. Both companies said that the acquisition will provide a one-stop-shop platform combining the spend management with automated payment and workflow capabilities and real-time insights to small and medium businesses. The round was led by Insight Partners and will enable Florence to connect pharmaceutical companies and study sites aimed at decentralizing trials for more efficient drug development lifecycles. 180° raises $8M: Brazilian insurtech 180° brought in $8 million in seed funding led by Canary, Dragoneer Investment Group and Rainfall Ventures. The company was founded in 2020 and provides an insurance-as-a-service business model aimed at transforming how insurance is distributed and consumed in Latin America.
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