SA国际传媒

Here’s what you need to know today in startup and venture news, updated by the SA国际传媒 News staff throughout the day to keep you in the know.

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DoorDash boosts IPO price range

Food-delivery platform has raised the proposed price range for its upcoming public offering to between $90 and $95 a share. At the high end of that range, the company would raise up to $3.14 billion in its IPO.

Previously, DoorDash was targeting a range of between $75 and $85 per share. The expectation of broader demand for shares follows several months of sharp growth for the company, which has seen usage spike as more people order restaurant delivery at home amid the COVID-19 pandemic.

At top end of its range, DoorDash would a public valuation of around $30 billion.

Justice Department charges Facebook with H-1B violations

The U.S. Department of Justice has charging with illegally reserving jobs for immigrant employees rather than searching adequately for U.S. workers who could fill those roles.

The complaint claims there were over 2,600 positions that were the subject of Facebook鈥檚 alleged discrimination, offering an average salary of approximately $156,000.

The lawsuit follows a nearly two-year investigation into Facebook鈥檚 practices. The suit charges that Facebook intentionally created a hiring system in which it denied qualified U.S. workers opportunities to learn about and apply for job.

Funding rounds

• Moov banks $27M for embedded financial services: raised $27 million in Series A funding led by . The investment comes on the heels of a led by in August. Moov鈥檚 open source platform enables banks and credit unions, SaaS companies and fintech providers to quickly deploy basic financial service tools to seamlessly receive funds, store value and remit payments.
• Codi secures $7M for remote office spaces: a San Francisco-based company offering access to nearby daytime workspaces in private homes, announced $7 million in funding from several investors. including and will expand to New York.
• Argentina’s Henry raises $1.5M to teach coding: Buenos Aires-based ,聽 an online school for training software developers, announced it has raised $1.5 million in seed funding in a round led by .

Public offerings

• • LiDAR startup Innoviz eyes SPAC merger: Israeli startup , a developer of LiDAR sensors used in autonomous vehicles, is to go public through a merger with blank-check acquisition company Collective Growth Corp.

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