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VC Daily : Question: What's Top of Mind for VCs as -2-

09/17/2021 | 10:18am EDT

1047 Games, a gaming startup, added $100 million in new funding at a pre-money valuation of $1.5 billion. Lightspeed Venture Partners led the round, which saw participation from Insight Partners, Anthos Capital, Galaxy Interactive, VGames, Human Capital, Lakestar, DraperDragon and Draper University.

Arcadia, a climate crisis-fighting technology startup, fetched $100 million in Series D financing led by Tiger Global Management and Drawdown Fund. New investors Wellington Management, Reimagined Ventures, Camber Creek and MCJ Collective also contributed to the round, along with returning backers Energy Impact Partners, G2 Venture Partners, Inclusive Capital and BoxGroup.

EnerVenue Inc., a Fremont, Calif.-based energy storage startup, collected $100 million in Series A funding. Schlumberger New Energy led the new investment, with additional support from Saudi Aramco Energy Ventures and others.

Stord Inc., an Atlanta-based startup offering companies a one-stop-shop platform to manage logistics, nabbed a $90 million Series D investment, valuing the company at $1.1 billion. Kleiner Perkins led the round, which included participation from Lux Capital, D1 Capital, BOND, Dynamo Ventures, Founders Fund, Susa Ventures and others. In addition to the new funding, Stord closed its acquisition of fulfillment provider Fulfillment Works.

Tech News

Facebook employees flag drug cartels and human traffickers. The company's response is weak, documents show.

App Annie settlement signals closer scrutiny of data brokers

Match Group hopes for savings from looser app-store payment rules

GM plans to idle factories longer amid chip shortage

Walmart to test self-driving delivery service with Ford and Argo AI

Videogame makers get no home-field advantage

Close email, open Netflix. How TV replaced the commute as a workday wind-down.

(END) Dow Jones Newswires

09-17-21 1017ET

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