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Punchh raises $20 million

San Mateo, California-based digital marketing company Punchh has raised a $20 million Series B funding round. The investment was led by Sapphire Ventures, with participation from Cervin Ventures.

Punchh has raised $31 million to date.

[Image courtesy: Punchh]

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Island raises $175M

Dallas, Texas-based enterprise browser company Island raised $175 million in Series D funding, raising the company's valuation to $3 billion.

Binance founder Changpeng ‘CZ’ Zhao sentenced to 4 months in prison — Gizmodo

Zhao pleaded guilty to money laundering violations as part of Binance’s agreement with the United States Department of Justice, writes Maxwell Zeff in Gizmodo.