clock menu more-arrow no yes mobile

Filed under:

Capital Gains: Upfront Ventures Raises New Fund, SurveyMonkey Valued at $2 Billion and More

Life under capitalism is really just a series of interactions involving wads of cash changing hands. Here's some of what that looked like this week.

Vjeran Pavic

Life under capitalism is really just a series of interactions involving wads of cash changing hands. Here’s some of what that looked like this week:

  • Online questionnaire service and corporate software developer SurveyMonkey nabbed $250 million in funding from new investors including T. Rowe Price, Morgan Stanley Investment Management, Fidelity Investments and Baillie Gifford. This new round places SurveyMonkey’s value at around $2 billion (Wall Street Journal).
  • Upfront Ventures, the Los Angeles-based VC firm known for its early investment in YouTube hit factory Maker Studios, raised $280 million for a new, fifth fund.
  • Redfin, the online real estate service, raised $71 million in a funding round led by Wellington Management Co. and Glynn Capital Management. This new round brings Redfin’s total funding to about $167 million (Bloomberg).
  • The subscription clothing service Rent the Runway raised $60 million in new funding round led by Technology Crossover Ventures. The new round places the company’s value between $500 and $600 million (New York Times).
  • The Seattle-based enterprise cloud technology company Skytap announced a $35 million investment led by Insight Venture Partners, with participation from existing investors (Seattle Times).
  • Rapid7, a security analytics firm, raised $30 million in additional investment from existing investors Bain Capital and Technology Crossover Ventures (eWeek).
  • The company Quanergy Systems, which develops sophisticated sensors and softwares for cars, raised $30 million in a Series A round led by Rising Tide Fund, with participation from others. To date, Quanergy System has raised $34.5 million in total (BusinessWire).
  • The speech recognition and AI startup Expect Labs raised $13 million in a Series A funding round led by IDG Ventures and USAA. They join existing investors including Google Ventures and Greylock Partners to bring Expect Labs’ total funding to $15.4 million (GigaOm).
  • Open Garden, which makes the off-the-grid messaging app FireChat, raised $10 million in a Series A funding round led by August Capital. FireChat first caught attention earlier this year during protests in Hong Kong and at the Burning Man festival in Nevada.
  • Truly Wireless, a voice technology company for businesses, came out of beta this week with $1.4 million in funding led by Greylock Partners, Index Ventures and Boldstart Ventures (VentureBeat).

This article originally appeared on Recode.net.

Sign up for the newsletter Sign up for Vox Recommends

Get curated picks of the best Vox journalism to read, watch, and listen to every week, from our editors.