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Briefing

The Briefing: C2FO Lands $140M, Padoa Raises $91M, And More

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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.

C2FO bags $140M to help companies access capital

Kansas City, Missouri-based closed a $140 million funding round led by , which also includes participation from and . C2FO helps companies receive payments faster by connecting those in need of working capital with those who have excess working capital.

In a release, the company said it enabled $54.7 billion in accelerated payments to businesses globally last year.

The company, founded in 2008, has raised a total of nearly $538 million to date, according to SA¹ú¼Ê´«Ã½ data.

— Chris Metinko

Padoa raises $91M for workplace safety

Paris-based , a provider of tools to monitor employ health and safety, raised 80 million euros ($91 million) in a funding round led by .

Founded in 2016, Padoa currently has around 140 employees, per its website. Its focus is on occupational risk prevention. Previously, Padoa raised around $28 million in known funding, with startup studio as its main backer.

— Joanna Glasner

Zero Acre Farms lands $37M

San Mateo, California-based , a developer of edible oils and fats made from fermentation, announced it has raised $37 million in a funding round led by and . The company pitches its product as a healthier and more environmentally friendly alternative to vegetable oils.

— Joanna Glasner

M&A

Gupshup acquires Knowlarity: , developer of a conversational messaging platform for automating business conversations, announced it has acquired ,  a provider of cloud telephony and contact center automation technology. The price wasn’t disclosed, but that Gupshup paid around $100 million for Knowlarity, which had previously raised $42.5 million in known venture funding.

— Joanna Glasner

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