Raise Report: Standard Cognition, Clearbanc, WeWork Secure New Funding

Every two or three weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.

Clearbanc Raises $70M (TechCrunch)

  • Investors: Emergence Capital, Social Capital, CoVenture, Founders Fund, 8VC, and others.
  • What Clearbanc does: Gives money to startups that show revenue-generating potential in exchange for a share of revenue
  • Purpose of the money: Expand abroad and build up data science capabilities.

WeWork Raises $3B (Business Insider)

  • Investors: SoftBank
  • What WeWork does: Provides temporary office space for startups and any other company or person in need of it
  • Purpose of the money: Expand abroad and build up data science capabilities.

Sojern Raises $120M (AdExchanger)

  • Investors: TCV Partners
  • What Sojern does: Ad tech specifically engineered for the travel industry
  • Purpose of the money: Expand globally and hire additional staff

Standard Cognition Raises $40M (VentureBeat)

  • Investors: Initialized Capital
  • What Standard Cognition does: Offers retailers cashierless checkout solution driven by AI
  • Purpose of the money: Expansion of team and pursuit of new clients

SalonHQ Raises $2M (Salon Today)

  • Investors: Panache Ventures
  • What SalonHQ does: Mobile e-commerce platform that connects brick-and-mortars, consumers, and product suppliers
  • Purpose of the money: Seed funding—will allow SalonHQ to add more tools to its suite and expand on its current 10,000-strong salon client base

Joe Zappa is Street Fight’s managing editor. Follow him on Twitter @joe_zappa.

Has your company recently raised a new round? Send press releases and other info to info@streetfightmag.com and tell us all about it.

Joe Zappa is the Managing Editor of Street Fight. He has spearheaded the newsroom's editorial operations since 2018 and compiled the daily newsletter since 2016. Joe is a journalist who has written widely about technology, business, and politics. You can contact him at jzappa@streetfightmag.com.