Hear from CIOs, CTOs, and other C-level and senior execs on data and AI strategies at the Future of Work Summit this January 12, 2022. Learn more


Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.

Uber seeking $1B credit line, possibly inching closer to an IPO

We may be getting a bit closer to the Uber IPO that is destined to make the world’s head explode.

According to the Wall Street Journal, Uber is in talks with banks to set up a $1 billion line of credit. WSJ cited “sources” who said Uber had been contacting a number of banks to discuss possible terms.

Read more

Brit Morin’s Brit + Co raises $23.1M from Oak Investment Partners, others

Brit Media, best known for its site Brit + Co, yesterday revealed that it’s raised at least $23.1 million from Oak Investment Partners and others. This is Brit Media’s first raise in nearly two years.

Read more

Upfront Ventures leads $2.5M round for The Mighty

The Mighty, an online publisher for writers and health professionals, announced it raised $2.5 million in a seed round led by Upfront Ventures.

More: The Mighty 

Social network for amateur jocks Mitoo launches in the U.S with $1.5M

If you’re into playing sports, Mitoo’s got you.

The company that is “on the path to become the platform of sports [in] North America and Western Europe” announced $1.5 million in seed funding and entered the U.S. market with an app that connects recreational leagues with amateur and professional athletes.

Facebook’s alumni Dave Morin and Kevin Colleran from Slow Ventures led the funding, with help from White Star Capital’s Christian Hernandez and former Facebook’s former North America VP, Tom Arrix.

Read more

This list will be updated with breaking funding news all day. Check back for more.

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member