Financial

Ethos enriches itself with $200m
Roc Nation and GV both participated in a series D round that increased the digital life insurance platform's valuation to $2bn.
Kin Insurance constructs series C
CSAA-backed digital home insurance provider Kin secured $63.9m to increase its overall funding to about $150m.
Bill.com decides on $2.5bn Divvy acquisition
Hanaco and PayPal are set to exit Divvy, a provider of corporate spend management software, at a 56% premium to the valuation at which they invested in January.
Nuvei sends $250m for Simplex acquisition
Bitmain and DRW subsidiary Cumberland Mining are set to exit the crypto finance software provider five years after their investment.
Daily Deal Round Up: May 6, 2021
Opioid addiction care provider Groups Recover Together and healthcare management platform developer Vim each raised $60m, with Optum Ventures backing both rounds.
BitGo to enter Galaxy in $1.2bn acquisition
BitFury is set to exit the crypto wallet developer through a cash-and-stock acquisition by another investor, Galaxy Digital Holdings.
Bitso secures $250m in series C funding
The Coinbase, Ripple and Monex-backed Latin American crypto trading platform was valued at $2.2bn in a round co-led by Tiger Global Management and Coatue Management.

Other News

Gilbert builds Launchpad with $35m fund
Venture firm Launchpad Capital has been founded by Ryan Gilbert after five years as a general partner for BBVA-backed Propel Venture Partners.
Daily Deal Round Up: May 5, 2021
SoftBank Vision Fund led a $75m round valuing OKR platform developer WorkBoard at $800m while therapist network provider Headway hit a $750m valuation.
Expensify confidentially files to go public
Barracuda Networks could be in line to exit the accountancy software producer, which had disclosed more than $31m in funding through 2015.
Forge Global forms $150m round
Deutsche Börse and Wells Fargo Strategic Capital both took part in a round sized at over $150m for the private investment marketplace operator.
Ant Group's investment in Wave breaks
Ant Group has reportedly not supplied the $73.5m in funding it pledged for the mobile wallet developer Wave a year ago.
Daily Deal Round Up: May 4, 2021
Solidia Technologies, Kelun Biotech and Doer Biologics all raised more than $70m while Sony added cash to a round valuing Discord at $7bn.

Editor's Picks

Bill.com decides on $2.5bn Divvy acquisition
Hanaco and PayPal are set to exit Divvy, a provider of corporate spend management software, at a 56% premium to the valuation at which they invested in January.
Allianz helps Wealthsimple garner $610m
Returning investor Allianz X helped the digital investment service provider nearly quadruple its valuation to nearly $4.1bn in seven months.
Step climbs to $100m series C
Stripe has reinvested in the teenager-focused digital banking services provider, which also counts Sesame Workshop and WndrCo as existing backers.
BlockFi stocks up with $350m
The Hudson River Trading and SIG-backed series D round boosted the crypto financial services provider's valuation to $3bn.
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