clock menu more-arrow no yes

Capital Gains: Jay-Z Buys a Music Streaming Service, Giphy Raises $17 Million and More

The online used clothing store Tradesy also nabbed $30 million.

Vjeran Pavic

A bunch of money changed hands in Silicon Valley this week. Here’s what went down:

  • The startup accelerator Techstars raised $150 million for a new fund intended for early-stage startup investments. This is the company’s third fund since it started investing in 2009.
  • Rap star Jay-Z is sort-of-maybe going to buy the Scandinavian music streaming service Aspiro in a $56 million deal. The caveat here is that the deal isn’t done and while would-be acquirer “Project Panther Bidco” says it is controlled by “S. Carter Enterprises,” we don’t know how much money Jay-Z is actually putting into it. Or, more importantly, what he wants to do with the thing.
  • UserTesting, a startup that analyzes the usability of apps and website, raised $45.5 million in a round led by Accel Partners. The company is now “likely” valued at north of $100 million (Forbes).
  • Online consignment store Tradesy raised $30 million in a round led by Kleiner Perkins Caufield Byers, giving the company a roughly $100 million valuation. Tradesy previously raised $13 million in an investment round led by Kleiner eight months ago.
  • D-Wave Systems, a quantum computing firm, raised $29 million in a new funding round. The company raised $30 million last July. Re/code sat down with its CEO this past September. (GigaOm)
  • Mobile app advertising tech company Tune raised $27 million in new funding. The round was led by Icon Ventures, with participation from Accel Partners and first-time investor Performance Equity Management. In 2013, when it was known as HasOffers, Tune raised $9.4 million.
  • Giphy, an online repository for GIF format images, raised $17 million in a Series B funding round that valued the company at $80 million. The round was led by Lightspeed Venture Partners, with participation from a mix of new and existing investors.

This article originally appeared on

Help us explore what’s working

Part of explaining the news is critically examining potential solutions to big problems. Will you support this work with a gift to Vox?