Business/Technology : Melio, provider of accounts payable and receivable tools for vendor payments, raised $110 million in a Series C extension round. Coatue led the financing, which sets a valuation of $1.3 billion for the Israel- and New York-based company.
Amber, a startup looking to commercialize digital control of electricity, raised $8.5 million in a Series B round. The Dublin, California-based company develops a programmable solid-state power system equipped with sensors to detect dangers like fires and gas leaks.
Funding to European startups last year totaled $40 billion, down about 4 percent from 2019 levels but the still second-highest total in a decade, a Crunchbase analysis finds. Funding picked up in the fourth quarter, boosted by a high number of large, late-stage rounds.
Enterprise software provider Qualtrics is on the verge of carrying out the largest IPO to date for a Utah-based company. The planned offering, which could value the company at over $13 billion, follows a heated couple of years for investment and exits in The Beehive State.
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