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Here’s what you need to know today in startup and venture news, updated by the °µÍø³Ô¹Ï News staff throughout the day to keep you in the know.

Creditas raises $260M at $4.8B valuation

São Paulo-based a consumer lending startup operating across Latin America, announced that it raised $260 million in a Series F funding at a valuation around $4.8 billion.

A long list of new and existing investors backed the round, with  taking a new stake as a key shareholder, per Creditas.

Creditas said it will use the funding to accelerate growth in three areas: Home, auto and employee benefits.

— Joanna Glasner

Plenty raises $400M for vertical farming

South San Francisco, California-based indoor vertical farming startup secured a $400 million Series E led by new investors and . The round also included participation from strategic partner and existing investor 1. The company’s indoor farming platform allows multiple crops to grow with vertical towers.  Founded in 2014, the company has now raised $940 million to date, according to °µÍø³Ô¹Ï data.

— Chris Metinko

Dremio lands $160M for data lake technology

Santa Clara, California-headquartered , a  provider of data lake technology enabling faster analytics and access to data, reportedly in a Series E funding round led by .

— Joanna Glasner

Sequoia Capital India announces latest version of accelerator program

has launched its sixth version of its accelerator program in Southeast Asia and India, showcasing 20 early-stage startups with funding totalling $60 million. The Surge platform gives startups support along with $1 million to $2 million in capital. Since launching three years ago, the platform has evaluated 10,000 companies and now includes 246 founders from 112 startups across more than 15 sectors.

— Chris Metinko

Funding rounds

Sylvera snags $32.6M for carbon ratings: London-based , a carbon offset ratings provider, announced it has raised $32.6 million in Series A funding co-led by and . The round brings Sylvera’s total funding to $39.5 million since its inception in 2020.

— Joanna Glasner

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