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Capital Gains: Uber Raises $2.8 Billion, Snapchat's Valuation Nears $20 Billion

Meanwhile, Homebrew Ventures raised $50 million for its second fund.

Vjeran Pavic

Last week’s news cycle saw some especially big dollar figures as Uber swallowed billions more and Snapchat’s reported valuation soared. Here’s the full venture capital rundown from recent days:

  • Uber, the transportation technology service, confirmed it brought on additional investors to its previously disclosed December funding round. The company’s Series E now totals $2.8 billion and reportedly places the company’s valuation at around $40 billion.
  • Bessemer Venture Partners disclosed that it raised $1.6 billion for its latest fund (its ninth overall), which it plans to use to invest in consumer and enterprise technology (Reuters).
  • The social media service Snapchat is looking to raise $500 million as part of a funding round that would value the company at $19 billion. Snapchat’s last funding round in late 2014 put the company’s valuation at more than $10 billion (Bloomberg).
  • The online fashion retailer Gilt Groupe raised $50 million in a funding round led by existing investor General Atlantic. The investment comes in as Gilt prepares for an initial public offering that it had originally planned for 2014.
  • Homebrew Ventures raised $50 million for its second fund, Homebrew II, with an additional $35 million for a separate “Moonshine Fund.” Homebrew Ventures was launched in 2013 (TechCrunch).
  • Livefyre, a social media marketing company, announced a $47 million investment from a group of investors including Adobe, Greycroft Partners, Salesforce Ventures and others. The total included $32 million from a new Series D investment as well as $15 million from previously undisclosed funding last year.
  • The educational technology firm Instructure unveiled a $40 million Series E cash injection ahead of a planned IPO. That brings the company’s total funding to $90 million (BuzzFeed News).
  • Tealium, a San Diego-based data software company, raised $30.7 million in a funding round led by Georgian Partners, with participation from Bain Capital Ventures, Battery Ventures and others (San Diego Union-Tribune).
  • The cyber security startup Synack announced a $25 million Series B funding round led by GGV Capital and Icon Ventures. On top of the company’s $9 million Series A round in 2014, the company has raised $34 million in total funding to date (Forbes).
  • The enterprise data technology firm 6sense raised another $20 million as part of its now $36 million Series B funding round. Bain Capital Ventures led the round with participation from Battery Ventures and Venrock (VentureBeat).
  • John Battelle, a media executive behind publications like Wired and the Industry Standard, announced that his latest media company, NewCo, raised $1.75 million in seed funding (GigaOm).
  • The data analytics technology firm APImetrics closed a $500,000 round led by Bain Capital Ventures, the first funding from Bain’s new seed investment program (Yahoo Finance).

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