Bill.com files for IPO

Unicorn startup Bill.com has filed for a $100M IPO. The 13-year old fintech startup is a cloud-based payments platform. In the most recent round led by Franklin Templeton Investments, it raised $80M which pushed the company to “unicorn status.” The company has raised around $350 million since its inception.

The ticker symbol for Bill.com once it begins trading on the NYSE will be BILL. The company claims that it has a customer base of 81,000 that have made more than $60 million in annual payments using its product.

Newly Started NUVIA raises $53M in Series A Financing

Founded in 2019, Palo Alto-based semiconductor company NUVIA has raised $53M in series A funding. The company is founded by star engineers from Apple and Google. The round was co-led by Capricorn Investment Group, Dell Technologies Capital, Mayfield, and WRVI Capital. The financing saw participation from Nepenthe. The company already has around 60 employees and hopes to reach 100 by the end of 2019.

The startup is building “a custom clean sheet designed from the ground up,” said NUVIA’s CMO in a statement. The company remains cryptic about the specifics of the product, “No point in being specific, it just engenders immune reactions from other players so we’re just going to be a little quiet for a while,” Darling of Dell Technologies Capital said in a statement.