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Capital Gains: Airbnb and India's Uber Each Raise Nine-Figure Funding Rounds

And another lending startup raises a ton of money.

Todd Bernard

This week, Airbnb bolstered its status as one of the world’s most valuable privately held companies, and the Indian Uber competitor Ola added half a billion dollars to its war chest. Here’s the funding news you should know:

  • Ola, India’s equivalent of Uber, raised $500 million in Series F money from SoftBank Capital, Tiger Global, Chinese Uber competitor Didi Kuaidi and others (BuzzFeed News).
  • Airbnb just closed a $100 million funding round at the same $25.5 billion valuation as its $1.5 billion round from earlier this year. The company reportedly made $340 million of revenue in Q3 on $2.2 billion worth of bookings, ahead of its internal projections (Wall Street Journal).
  • Lending startup Earnest raised $275 million in debt and equity financing ($200 million debt, $75 million equity) in a round led by Battery Ventures. Earnest was founded in 2013, and has now raised $325 million in total financing (New York Times).
  • Sensor-laden athletic-clothing maker Athos raised $35.5 million in a new round led by Social Capital, with contributions from Lightspeed Venture Partners, Kleiner Perkins Caufield & Byers VC Joe Jacob and others.
  • PresenceLearning is a startup that makes online therapy tools (speech, behavioral, occupational, etc.) aimed mostly at kids. The company raised $25 million this week in a round led by Catalyst Investors (Silicon Valley Business Journal).
  • UrbanClap, the Indian version of Thumbtack, raised a $25 million Series B round led by Bessemer Venture Partners, with participation from SAIF and Accel Partners. The company has raised $37 million in total (TechCrunch).
  • Denver-based cyber security startup ProtectWise raised $20 million from a group of investors that includes Tola Capital, Crosslink Capital, Trinity Ventures and others (Denver Post).
  • Kleiner Perkins has made its first bitcoin investment, leading a $12.5 million Series A round for the enterprise payments technology startup Align Commerce (Forbes).
  • Google Ventures and FPrime Capital co-led an $8 million investment in PatientPing, which makes software designed to let doctors from different hospitals coordinate patient care with one another (MobiHealthNews).
  • Nuzzel, a service that tracks articles your friends share on social media and condenses them into a single feed, raised $1.7 million from a group of investors including Marc Benioff, Nikesh Arora, Google’s Matt Cutts and others (VentureBeat).

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