PayPal acquires Honey for $4B

PayPal’s announced a staggering $4bn acquisition of the shopping, rewards, and discounting platform Honey. The acquisition will provide PayPal with more visibility into a customer’s shopping journey. Honey has 17 million monthly active users that make use of its discounting browser extension.

“What’s exciting is that we can take the functionality Honey now offers — which is product discovery, price tracking, offers and loyalty — and build that into the PayPal and Venmo experiences,” explains PayPal SVP of Global Consumer Products and Technology, and former Xoom CEO, John Kunze.

Israel-based Vayyar nabs $109M funding

Israel-based Vayyar, a startup that builds radar-imaging chips and sensors, has announced a $109M Series D financing. Koch Disruptive Technologies led the round, joined by Regal Four and earlier backers Battery Ventures, Bessemer Ventures, ICV, ITI, Walden Riverwood, and Claltech. The total funding raised by Vayyar is now at $188M.

“We see incredible potential in combining Vayyar’s innovative technology and principled leadership team with Koch’s global reach and capabilities to create breakthroughs in a wide range of industries,” said Chase Koch, president of Koch Disruptive Technologies.

Package tracking app Route raises $12M

In a bid to make package tracking easier, Route has raised $12 million in total funding. Investors include Peak Venture Capital, Album VC, and Pattern. Route currently has more than 1,600 merchants and tracks shipments to 1.3 million customers.

John Mayfield from Peak Venture Capital commented, “Their [Route’s] phenomenal growth of acquiring over 600 clients in the first three months makes them one of the fastest-growing companies we have ever seen.”