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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.

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TripActions Nabs $155M For Travel Management

, a provider of tools for managing business travel, has raised $155 million in a Series E funding round led by ,  and startup investor .

Previously, the 5-year-old, Palo Alto-based company raised over $475 million in known venture funding, along with extensive debt financing, per SA¹ú¼Ê´«Ã½ data.

The funding is timed to come in advance of an anticipated major rebound in the corporate travel space at some point in 2021 as vaccination against COVID-19 becomes more widespread.

Funding rounds

• iSTOX boosts Series A to $50M: , a digital securities platform for private equity investment, has new investors from Japan to its Series A round, bringing its total to $50 million. New backers include the and JIC Venture Growth Investments.
• Ant’s Malaysian venture eyes $150M: TNG Digital, a Malaysian e-wallet operator owned by and China’s is in advanced talks with investors to raise at least $150 million to fund expansion plans, according to a citing unnamed sources.
• Curtsy bags $11M for resale platform: , a resale app that lets women buy and sell clothing, shoes and accessories via their phones, raised $11 million in Series A funding. The news comes a week after , a social platform for buying and selling clothes and accessories, entered the public market. Funding was led by .

M&A

iCapital Network acquires AI Insight: New York fintech platform agreed to acquire the assets of , an alternative investment education and compliance platform based in Ohio. Terms of the deal were undisclosed.

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