Checkout.com rings up another $1bn Series D
Checkout.com has raised another $1bn (£729m) in Series D from investors including New York-based Insight Partners, the Qatar Investment Authority and the Oxford Endowment Fund. This later fundraise brings the total amount raised by Checkout.com to $1.8bn and values the company at $40bn. Checkout.com is an online platform that simplifies payments processes for large global enterprise merchants. Clients include Netflix, Farfetch, Pizza Hut, Klarna and Revolut.
Silverfish bikes spawns £9m investment
Connection Capital has backed a management buyout of premium mountain bike distributor Silverfish with an £8.5m investment. The deal will fund growth by increasing the number of brands it sells, boost its product range and help it expand into Europe.
Sanctus finds £4.3m in funding
ScaleUp Capital has led a £4.25m funding round for Sanctus, which offers remote one-on-one mental health support for employees. Sanctus’s clients include Red Bull, Octopus and Boston Consulting Group.
Antler feels HEAT with £3.6m funding round
VC fund Antler has joined a $5m (£3.6m) fundraise for Sheffield-based HEAT, which sends discounted “mystery box” packages of luxury streetwear to fans. LVMH Luxury Ventures and angel investors including the Hermès family also participated. HEAT has already partnered with more than 60 luxury brands to help them offload surplus inventory in a way that protects their brand and avoid outlets, clearance and landfill. The mystery box model means the clothes stay in the hands of sought-after Generation Z shoppers. Since launch, HEAT has sold over 20,000 luxury mystery boxes, with more than 100,000 individual units of stock, to its community of more than 600,000 Gen-Z buyers.