Friday Fundings: FTX US, o9 Solutions, CaptivateIQ

FTX US Announces $400 Million Initial Funding Round

Crypto-trading giant FTX is announcing the results of its first fundraising round for its Chicago-based subsidiary FTX US. The cryptocurrency exchange is now valued at $8 billion after receiving $400 million in funding. This marks one of the burgeoning industry’s largest-ever Series A rounds.

Executives say the funding will help explore strategic investments and acquisitions as well as new lines of business. Japan’s SoftBank (SFTBY) and Singapore’s Temasek Holdings are among those who joined in the funding round. Parent company FTX, headquartered in the Bahamas, was valued at $25 billion in October.

Investors Continue to Target Supply-Chain Startups, With o9 a New Beneficiary

Supply-chain products are continuing to attract investor dollars amid the ongoing growth of ecommerce. Now, Dallas-based o9 Solutions is announcing $295 million in funding, led by several private equity firms. This brings the company’s valuation to $2.7 billion.

Prior to the company’s founding in 2009, o9’s executive leadership was involved in supply-chain management software development in the early 1990s and 2000s. This latest news follows a big year for supply-chain startups in 2021, during which investors threw $24.3 billion into the sector. That number was up 58% from the previous year.

Startup CaptivateIQ, Which Automates Commissions Sales, Announces Funding Round

an Francisco-based startup CaptivateIQ is announcing $100 million in a Series C round of funding, bringing its valuation to $1.25 billion. Founded in 2017, the company is part of a new wave in tech offering Incentive Compensation Management, or ICM, solutions. The service aims to automate and improve the task of processing and reporting commissions.

For CaptivateIQ, this comes just 10 months after a $46 million Series B funding round. Executives say the company’s customer base includes hundreds of different businesses from around the world. Affirm Holdings (AFRM), Amplitude (AMPL), and subscription-based fitness marketplace ClassPass are all customers.

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