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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.

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