Weekly Round Up: 7/9/2021

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 were incredibly excited to share this week that we have the opportunity to enhance our position as a venture capital market leader by merging into StepStone Group (NASDAQ: STEP), a trusted partner of choice for private markets investment solutions. On a go-forward basis, Greenspring is joining forces with StepStone’s existing team to create world-class Limited Partner solutions in venture capital and growth equity. We believe that our partnership with StepStone will broaden the scope of our venture relationships and intensify our informational advantage. Perhaps most importantly, this combination of our Firms' respective relationships and data will amplify our platform’s “flywheel effect,” driving unprecedented levels and quality of dealflow across funds, directs and secondaries. You can read more about this exciting news here. 

Fintech company Greenlight, which aims to pitch parents on kid-friendly bank accounts, has raised $260 million in a Series D funding round with participation from Greenspring manager Goodwater Capital. More here.

Spanish invoice finance firm Arex Markets has raised $8.8 million in a Series A funding round with participation from Greenspring manager LocalGlobe. Read more about their plans to launch in the UK and Spain here. 

Decentralised finance (DeFi) investment platform Zerion has raised $8.2 million in a Series A funding round with participation from Greenspring manager Lightspeed Venture Partners. Learn more here.

Juni, a neobank specifically for e-commerce platforms, has raised $21.5 million in a Series A funding round co-led by Greenspring manager Felix Capital. More here.

Outdoorsy, a shared RV rental marketplace and Greenspring direct investment, has become a go-to mode of transportation during COVID-19 lockdowns. Read more about the Company’s success here. 

Construction management app Powerplay has raised $5.2 million in funding led by Greenspring manager Accel. Learn more about the app and funding here.  

Popshop Live, a livestream shopping platform, has raised $20 million in a Series A financing round led by Greenspring manager Benchmark. More here. 

Bathroom renovation company Made Renovation has raised $23 million in a Series A funding round with participation from Greenspring manager Felicis Ventures. Read more about the Company and this round here.