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Capital Gains: Square's Big Round, Alibaba's Play for TV and More

All the week's big funding news, now in one place.

Vjeran Pavic

It was another big week for big deals. Here’s a roundup of the latest funding headlines, brought to you by Re/code:

  • Square closed a $150 million investment round (which Re/code reported on in August) led by the Government of Singapore Investment Corporation, valuing the payments and e-commerce company at $6 billion.
  • The Swedish company behind Truecaller, a calling app that uses an advanced caller ID and contact system, raised $60 million in a round led by investment firms Kleiner Perkins and Atomico. The app has 85 million users, and is available to download for free on Apple and Android smartphones.
  • The Chinese e-commerce giant Alibaba invested $50 million in Peel, which makes a TV remote app for smartphones and tablets. Peel’s CEO said Alibaba was particularly impressed with the app’s install base of 96 million users.
  • The bitcoin wallet and analysis company Blockchain raised approximately $30 million in a funding round (NYT) led by Lightspeed Venture Partners and Wicklow Capital.
  •, a customer analytics company that came out of Y Combinator, raised $15 million in a Series A funding round (Dow Jones) led by Accel Partners, with participation from Kleiner Perkins. The company has more than 4,000 customers and plans to double the size of its team over the next year.
  • Thync, a startup developing a wearable that promises to adjust mood by sending ultrasonic or fine electric currents through the brain, said it has raised $13 million from Khosla Ventures, Sling Media co-founder Blake Krikorian and other undisclosed investors.
  • Product Hunt, a social network for entrepreneurs and tech obsessives, raised $6.1 million in a Series A funding round (WSJ) led by Andreessen Horowitz, with participation from Reddit co-founder Alexis Ohanian. Re/code previously reported on Product Hunt’s $1 million seed round in August.
  • San Francisco-based digital art collection service Depict raised $1.6 million from investors including Raptor Ventures’ Jim Pallotta and 3M New Ventures’ Thomas Andrae.
  • The Internet video company JunkArmy (makers of the “FailArmy” YouTube channel) raised $1.2 million from investors, including Bertelsmann Digital Media and Mandalay Entertainment CEO Peter Guber.

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