Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
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ManoMano raise $355M for home improvements
Founded in 2013, the company previously raised $350 million in known funding, per Crunchbase data. ManoMano says its marketplace currently lists more than 4 million products across 6 countries : France, Belgium, Italy, Spain, Germany and the United Kingdom.
Denmark’s Pleo lands $150M for company cards
The financing sets a valuation of $1.7 billion for the six-year-old company, which markets its “smart company cards” as a way to automate expense reports and simplify spending. Currently, the company operates in several European countries, with plans to use the funding to boost usage.
Didi shares plummet: Shares of Chinese ride-hailing giant Didi Chuxing fell sharply after China announced that new users in the country would not be able to download the app while it conducts a cybersecurity review of the company. Shares were down around 20 percent in pre-market trading Tuesday, less than one week after the company carried out its massive NYSE IPO.
— Joanna Glasner
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