Versa Networks, which helps companies unify network and security tools into a single console, raised $120M in equity and debt, bringing its funding to $316M (Kyle Wiggers/TechCrunch)

Manish Singh / TechCrunch:
Indian B2B marketplace Udaan raised $120M in convertible notes and debt, taking its funding to $350M+ in the past year, and plans an IPO in 12-18 months  —  India’s Udaan has raised $120 million in convertible notes and debt led by existing shareholders and bondholders …

Ellen Huet / Bloomberg:
How angel investing became a pastime and a way of socializing in Silicon Valley, with investors betting small amounts in friends’ startups  —  Maia Bittner is an angel investor, and she has a lot of friends who’ve founded startups.  Sometimes they ask her if she wants to put money into their companies.

Jane Lanhee Lee / Reuters:
Reach Power, which is developing products to wirelessly transmit electricity to power IoT and other devices, raised a $30M Series B led by DCVC  —  Reach Power Inc, a Silicon Valley startup that beams electricity wirelessly, said on Friday it had raised $30 million in a funding round that will help it commercialize its products.

Kyle Wiggers / TechCrunch:
Minnesota-based Arctic Wolf, which offers cybersecurity tools and on-site experts, raised $401M in debt, after raising $150M at a $4.3B valuation in July 2021  —  In a sign that pure equity financing is getting harder to come by, cybersecurity firm Arctic Wolf, which last July raised $150 million …

Ingrid Lunden / TechCrunch:
Barcelona-based Factorial, which offers HR tools for SMBs, raised a $120M Series C led by Atomico at a $1B valuation, up from ~$500M in September 2021  —  Small and medium businesses, long overlooked in the building of innovative technology, have lately become a key focus in the world of B2B software.

Nancy Scola / Politico:
A Q&A with CA Rep. Ro Khanna about Elon Musk, being mentioned in the “Twitter Files”, passing antitrust and privacy laws, cryptocurrencies, FTX, and more  —  A longtime creature of the tech world, it’s perhaps not surprising that Rep. Ro Khanna makes an appearance in the latest Silicon Valley scandal.