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

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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 [email protected] 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. Joe is an ad/martech veteran who has covered the space since 2015. You can contact him at [email protected]