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Capital Gains: The $25 Billion Uber, Butterfly Network Raises Big Round

Uber wants more money to help it take over the world and other funding headlines.

Vjeran Pavic

Here are the big funding headlines from the last week, brought to you by Re/code:

  1. The ridesharing service Uber is embarking on a new funding round which aims to set the company’s value at $25 billion. In August 2013, the company was estimated to be worth $3.5 billion, and $17 billion in June 2014. Altogether since its founding five years ago, the company has raised $1.5 billion in capital.
  2. AT&T entered into an agreement to purchase the Mexican wireless carrier Iusacell for $2.5 billion, from a collection of Mexican firms called Grupo Salinas.
  3. The defense contractor Raytheon acquired the privately held cybersecurity company Blackbird Technologies for $420 million. Raytheon previously told investors it was planning to make an approximately $400 million acquisition, but did not disclose the name of the company.
  4. The medical technology company Butterfly Network launched last week with $100 million in funding. Among the investors are Aeris Capital and Jonathan Rothberg. Butterfly is the first company to come out of the 4Combinator medical technology startup incubator, run by Rothberg.
  5. The global HR giant Randstad is looking to invest in early-stage HR startups through its new VC arm, the Randstad innovation fund. The fund has about $62 million to invest (TechCrunch).
  6. The marketing and social technology startup Gigya raised $35 million in new venture funding, giving the firm a total of $104 million in funding since its founding in 2006. The latest round was led by Intel Capital, with participation from existing investors.
  7. A bit of delayed news: The enterprise technology firm Capriza raised $27 million in a Series C round, with participation from Andreessen Horowitz, Charles River Ventures and others (Capriza).
  8. Ease Entertainment Services, which makes software for entertainment companies, raised $17 million from ex-Los Angeles Times exec Mike Rose’s Bison Capital Partners.
  9. The New Hampshire-based social startup Gemr, which makes an online community for collectors, raised $4.93 million in Series A funding from a group of investors (PR Newswire).

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