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Capital Gains: Pinterest Crosses the $10 Billion Mark

Also, two Israeli firms netted $56 million combined this week.

Vjeran Pavic

Pinterest’s gargantuan new funding round gives it an $11 billion valuation, and solidified its billion-dollar value with an additional $60 million from Salesforce and Microsoft. Here’s what happened on the funding front in Silicon Valley this week:

  • Pinterest, the digital scrapbooking and photo-sharing giant, raised $367 million at an $11 billion valuation, according to documents filed this week. The company may raise an additional $210 million before the round officially closes.
  • Ad tech company MobPartner was acquired by the Chinese mobile software giant Cheetah Mobile for $58 million in cash and stock this week.
  • The business data technology company Birst announced a $65 million funding round led by Wellington Management. The firm now has $129 million in total funding (Fortune).
  • The sales technology firm raised $60 million in additional financing this week from Salesforce and Microsoft. Previously the company raised $139 million at a $1.5 billion valuation (Wall Street Journal).
  • Two Israeli startups raised big money from VCs this week: The enterprise technology company Fundbox raised $40 million in a round led by General Catalyst Partners, and the viral content farm Playbuzz (co-founded by the son of a former Israeli prime minister) raised $16 million (Haaretz).
  • The AI tech company Quid announced a $39 million Series D round on Thursday, led by Liberty Interactive Corporation. The new round gives the company $53 million in total funding to date (Silicon Valley Business Journal).
  • Rover, an Uber clone for petsitting, raised $25 million in a round led by Technology Crossover Ventures. Rover now has over $50 million in funding (Bloomberg).
  • Glooko, which makes a tool to help diabetes patients manage their condition, raised $16.5 million in a Series B funding. The round features a strategic investment from the medical technology giant Medtronic (TechCrunch).
  • Vidder, a cyber security firm that works to defend businesses from hackers, raised $12 million in a Series B funding round led by LDV Partners (Dow Jones).
  • The data-focused enterprise tech startup Reltio landed $10 million in Series A funding from Crosslink Capital and .406 Ventures (eWeek).
  • Shuddle, a ride-hailing service specifically for children, raised $9.6 million in a Series A round led by RRE Ventures (Forbes).
  • The ad tech company Chitika is spinning off its mobile advertising unit, Cidewalk, as an independent company with $4 million in seed funding (India New England).
  • Draft, a fantasy sports app, raised $3.5 million in a Series A funding round led by Upfront Ventures. Additional investors include Advancit Capital, BoxGroup, the Chernin Group and QueensBridge Venture Partners.
  • The Germany-based fertility app Clue raised $2 million in an effort to help it scale globally with more languages and features (MobiHealthNews).
  • ProtonMail, a Switzerland-based encrypted email service, raised $2 million after an open beta with more than 350,000 users. The investors are Charles River Ventures and the nonprofit incubator Fongit (TechCrunch).

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