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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.

Qonto raises $550M

Paris-based Qonto, a provider of financial tools for small and medium-sized businesses and freelancers, raised 486 million euros ($550 million) in a Series D funding round.

Tiger Global and TCV led the financing, which sets a valuation around $5 billion for the 6-year-old company. Qonto called the funding round one of the largest ever in French history. 

— Joanna Glasner

GoStudent lands $340M

Vienna-based GoStudent, an online platform for teaching and tutoring, raised 300 million euros ($340 million) in a Series D funding round. Prosus led the financing, which sets a valuation of around $3.4 billion for the company.

— Joanna Glasner

project44 raises $420M, hits $2.2B valuation

Chicago-based supply chain visibility platform project44 closed a $420 million funding round from a syndicate led by Thoma Bravo, TPG and Goldman Sachs Asset Management with participation from Emergence Capital1
, Insight Partners, Chicago Ventures, Generation Investment Management, Sapphire and Sozo Ventures. Sixth Street also agreed to make additional funding available for “the company’s strategic acquisition program and product development activities,” project44 said in a release. The investment gives the company a pre-money valuation of $2.2 billion.

Founded in 2014, the company has now raised nearly $640 million, according to Crunchbase data.

— Chris Metinko

Funding rounds

Scitara picks up $15M: Massachusetts-based Scitara, developer of technology for connecting instruments and applications in laboratory settings, raised $15 million in a Series B round backed by Flybridge and Northpond Ventures.

— Joanna Glasner

AcreTrader closes $40M Series B: Fayetteville, Arkansas-based AcreTrader raised a $40 million Series B  led by Anthemis Group and joined by, among others, Jump Capital, Narya Capital and RZC Investments. AcreTrader is an agricultural real estate investing platform, allowing people to buy shares of farmland. Founded in 2018,  AcreTrader has now raised a total of $58 million.

— Chris Metinko

Illustration: Dom Guzman

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