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Here’s what you need to know today in startup and venture news, updated by the SA¹ú¼Ê´«Ã½ News staff throughout the day to keep you in the know.

Checkout.com raised $1B at $40B valuation

, a payment processor that improves the checkout experience, has raised $1 billion in a Series D funding that values the company at $40 billion. Checkout.com is the second-most highly valued private company in Europe after buy now, pay later processor .Ìý

It last raised funding a year ago, a $450 million Series C in January 2020, which valued the company at $15 billion.

Investors in this round include , , , , , the ,  and the . The new funding will be focused on the U.S. market expansion, Web3 applications and marketplace payments. The company has 1,700 employees across 19 countries.Ìý

—  Gené Teare

TravelPerk picks up $115M

Barcelona-based , provider of a booking and expense management platform for business travelers, added $115 million to its Series D round.

and existing investor co-led the latest financing. It is an addition to the $160 million Series D funding round the company announced in April and sets a valuation of over $1.3 billion for the 7-year-old company.

— Joanna Glasner

Placer.ai lands $100M

, developer of software for tracking and analyzing retail foot traffic, raised $100 million in a fresh funding round led by CEO at a reported valuation of over $1 billion.

— Joanna Glasner

Funding rounds

Envoy Secures $111M Series C at $1.4B valuation: San Francisco-based , which helps companies with the day-to-day scheduling of flexible workspaces, raised a $111 million Series C funding led by , with participation from existing investors , , ²¹²Ô»åÌý, and new investors , , , and others. The new round values the company at $1.4 billion.

Founded in 2013, the company has now raised more than $170 million, according to SA¹ú¼Ê´«Ã½ data.

— Chris Metinko

Second Nature AI raises $12.5M: , an Israeli startup that offers sales coaching software involving AI-enabled simulation scenarios, raised $12.5 million in a Series A funding round  backed by , ,  and the .

— Joanna Glasner

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