Plaid picks up US $425M with no plans to merge

Plaid picks up US $425M with no plans to merge

Plaid is moving on from its M&A past with Visa. The San Francisco unicorn, which enables companies to create their own financial services applications, just raised $425 million in a Series D round led by Altimeter Capital. Co-founder Zach Perret weighs in on where the money will go.

Orchid, a startup developing genetic screening tools that can be used prior to conception, raised $4.5 million in a seed funding round backed by a long list of venture firms and individual investors. The San Francisco-based company’s preconception system analyzes both partners’ genomes and assesses predispositions to common diseases.

WhiteSource, a provider of security tools for app development, closed a $75 million Series D round led by Pitango Growth. The Tel Aviv-based startup helps application developers find vulnerabilities in code, cutting off potential issues early.

Enjoy, a mobile retailer known for deliveries of cellphones and set-up services, is considering going public through a $1.6 billion SPAC merger deal. In other news, Paris-based AXA Venture Partners raised 250 million euros ($295 million) for its growth fund.