Weekly Round Up: 3/26/21

At Greenspring we believe in venture capital's ability to propel innovation, job creation and positive societal change. We celebrate those who think differently, take measured risk and challenge perceptions. Here's what's trending in VC this week:

We are thrilled to have kicked off our Founding Partnership with the Maryland chapter of the Black MBA Association on Thursday with a candid conversation on Future-Focused Funding. Greenspring Venture Partner Andy Jones shared valuable insights for business owners and entrepreneurs, including funding opportunities, post-Covid innovation, and business growth to fuel workforce development!

Nuvemshop, a São Paulo-based startup providing an e-commerce platform that allows consumers to communicate more directly with SMBs and merchants, has raised $90 million in recent Series D funding led by Greenspring manager Accel. Read more about the round and the Company's plans here.

Viz.ai, a startup designed to create tools for early stroke detection, has raised $71 million in Series C funding with plans to expand their platform for other care areas like cardiology, pulmonary and trauma care. Check out why Greenspring manager Scale Venture Partners co-led this round here.

Boston-based Fortify, an advanced manufacturing startup aiming to disrupt additive manufacturing, has raised $20 million in recent financing with participation from Greenspring manager Accel. More here.

Online food delivery company Deliveroo, backed by Greenspring manager Accel London, set a valuation of $12 billion for its upcoming London IPO. Read more here about the Company's pending public market debut.

goPuff, a Philadelphia-based food delivery startup, has raised $1.15 billion with participation from Greenspring manager Accel. Read more here.

Israeli cybersecurity startup Orca Security, which aims to detect and prioritize cloud security risk, has raised $210 million in Series C funding. Read more on why Greenspring manager Redpoint Ventures co-led this round and the Company’s expansion plans here.

TryNow, which provides technology to online retailers using Shopify Plus to allow customers to try on and return apparel without paying until they determine what they want to keep, has raised $12 million in recent financing with participation from Greenspring manager Craft Ventures. More here.

Corvus Insurance, an AI-driven commercial cyber insurance provider, has recently raised $100 million in Series C funding with participation from Greenspring manager Obvious Ventures. More on why the proliferation in cyberattacks and companies becoming more digital is helping push growth in cyber insurance here.

Congratulations to Greenspring direct investment Flynn Restaurant Group, who completed the acquisition of 937 Pizza Hut locations and 194 Wendy’s restaurants. Read more about the deal here.

Blockchain.com, a cryptocurrency wallet company, has raised $300 million in funding with participation from Greenspring manager Lightspeed Venture Partners. Read more here.

On-demand mental health company Ginger has raised $100 million in funding with participation from Greenspring manager Bessemer Venture Partners. Read more about the Company and the funding round here.

Polly, a SaaS mortgage company that optimizes performance from rate lock to loan sale and delivery, raised $15 million in a Series A funding round with participation from Greenspring manager Meritech Capital. Read more here.

Trava, an integrated cyber risk management platform, has raised $3.5 million with participation from Greenspring manager High Alpha. Read more here.

Huge congratulations Adrian, Marlon, Charles, Michael, and the rest of the team at MaC Ventures on closing their inaugural fund! We are so honored to be your partner as you deliver on your mission to build a world class venture franchise that closes gaps while driving value for investors. Read more here.

Meet Amy Schartner, Chief Human Resource Officer at Greenspring! Amy recently joined the team and has already made a tremendous impact on the GA team! We are thrilled to highlight her as one of our leaders during #InternationalWomensMonth!

We are also pleased to highlight another leader at Greenspring Associates, Chief Financial Officer Carrie McIntyre! Carrie joined us in 2020 and has made many notable contributions already. We are thrilled to have her on board.

The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.