Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

ConstructSecuree Raises $96M

ConstructSecure, a platform for managing construction capital projects, raised $96 million in growth capital, led by Summit Partners.

The financing comes after the Burlington, Massachusetts-based company has more than doubled its headcount over the course of the last twelve months and expanded its footprint across the U.S.

Founded in 2008, ConstructSecure has not previously raised venture or growth financing, per Crunchbase data.

Technology News

Bitcoin slums to six-month low: Bitcoin slumped almost 9 percent to around $33,000 in morning trading, the lowest point since July, and more than 50 percent below the $69,000 high it hit in November. Smaller cryptocurrencies also fell, including ether, which was down steeply in morning trading.

M&A

NFT Investments to acquire Pluto Digital: NFT Investments,  an incubator specializing in NFTs,  announced it has entered into a non-binding agreement to acquire Pluto Digital, a crypto technology and venture company, for  £96 million (US$130 million). Pluto invests in and develops crypto technologies in the decentralized finance and metaverse blockchain gaming sectors. NFT Investments trades on the UK’s Aquis Stock Exchange under the ticker symbol NFT.

Illustration: Dom Guzman

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