- The remote work space is rushing to cure your Zoom fatigue, or at least give you new ways to handle it. This week, we saw GitHub alumni raise millions for a video repository tool, and Teamflow raise more for a virtual platform meant to mimic the serendipity (and productivity) of your currently shuttered office.
- WeLink raised a $185 million Series A round and, while we could have made financial nomenclature jokes, there was much to unpack on the opportunity of 5G and wireless.
- Divvy locked down $165 million, making itself a unicorn in the process. Consider this one another win for Utah, and a big moment for the company itself, which is working in a very competitive space.
- We also noted a series of new VC funds that closed in the final days of 2020, including One Way, USV, Learn Capital and Madrona.
- Hopin went shoppin’, picking up StreamYard for a quarter-billion because they thought it was boppin’. Please forgive our attempt at poetry. Regardless, Hopin spent $250 million for StreamYard, a livestreaming technology platform that it intends to operate independently. The combined company has around $65 million in annual recurring revenue, with the purchased entity bringing $30 million of that on its own. A big deal.
- Twitter is also out in the market with a checkbook, picking up a podcasting app and a design studio.
- And on the podcast front, Amazon is also in the market. This brings up the question, what really is Amazon Prime, anyways?
- Finally, we had few words on why P&G backing off from buying Billie impacts DTC startups everywhere.
This post first appeared here: https://techcrunch.com/2021/01/07/hopin-might-be-the-fastest-growth-story-of-this-era/
