1Password raises $200M in Series A funding

Fourteen-year-old 1Password, a password, card, and document management company has announced $200M in Series A funding. The round was led by Accel. The $200M investment makes it the single-largest investment in Accel’s 35-year history.

“Like Atlassian and Qualtrics, the 1Password team impressed us by building a business that’s not only scaling extremely quickly but also has been profitable since day one — and that’s why today we’re making the biggest single investment in Accel’s 35-year history,” Arun Mathew, partner at Accel, said in a statement.

Digital freight network company Convoy raises $400M

Convoy, a company that is creating a network to connect truckers and shippers, has announced a Series D funding of $400M. It plans to use the money for general growth purposes. The round was co-led by Generation Investment Management and Convoy investor T. Rowe Price. It also saw participation from Baillie Gifford, Fidelity, and Durable Capital Partners, along with Series C investors CapitalG and Lone Pine Capital. The latest round brings Convoy’s post-money valuation to $2.75 billion.

Indonesian home rental marketplace Travelio raises $18M in funding

Founded in 2015, Travelio connects apartment owners and tenants to facilitate nightly and short-term rentals. The startup raised $18M in its recently announced Series B round. The round was led by Singapore-based Pavilion Capital and Gobi Partners. Travelio currently has more than 4,000 exclusively signed properties on its platform.

“With Indonesia’s rising middle-class population, Travelio is well-positioned to serve the growing demand for temporary housing, urbanization, and affordable living options,” the startup said.