TechTaffy

tech:

taffy

Design Marketplace Minted Raises $41 Million

By TechTaffy Desk

Minted

Minted has raised $41 million in a Series C round of financing. The investment was led by Technology Crossover Ventures. Allen & Company and existing investor Benchmark Capital also participated as investors.

Kevin and Julia Hartz, co-Founders of Eventbrite, are among the angels who participated in the Series C round as well, joining Minted angels that include Marissa Mayer, and Jeremy Stoppelman, among others.

Minted is an online marketplace that crowd-sources and sells graphic design and art from a global community of independent designers. Minted now has more than 115 full-time employees, doubling in size in the past year. The company says it plans to continue to rapidly hire on its engineering, design, and business teams. Prior to this round, Minted had raised $11 million from investors including IDG Ventures, Benchmark Capital, and Menlo Ventures.

Woody Marshall, general partner at Technology Crossover Ventures, joins Minted’s board of directors.

[Image courtesy: Minted]

 

Just in

Series E

Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.
Series A

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.
Industry

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.
Around the web

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 
AI

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.