Capital Gains: IVP Raises $1.4 Billion for New Fund, Oscar Joins the Unicorns

This week, one of venture capital’s biggest names raised its largest fund ever and a Peter Thiel-backed health startup reach the billion-dollar mark. Here’s the rest of what went down:

• Defense contractor Raytheon is buying Websense, the cybersecurity firm perhaps best known for blocking porn and YouTube in schools and offices across the world, for $1.9 billion (Reuters).
• Institutional Venture Partners, which has backed big-name tech companies like Snapchat, Slack and Vessel, raised $1.4 billion for a new fund focused on late-stage startups (Forbes).
• Oscar, a health insurance startup, raised $145 million in a new round that sets its value at $1.5 billion. The round was led by Peter Thiel’s Founders Fund, Horizon Ventures, Wellington Management Company and Goldman Sachs (Fortune).
• Enterprise software startup Freshdesk raised $50 million in a Series D round led by Tiger Global, with participation from new investors Accel Partners and Google Capital (Forbes).
• The on-demand shipping service Shyp raised $50 million in Series B financing, led by Kleiner Perkins Caufield & Byers. Kleiner Perkins partner John Doerr will be joining the Shyp board as the company looks to expand beyond coastal markets.
• The social music app maker Smule, which has pumped out hits like Sing! Karaoke and Ocarina, raised $38 million in a round led by Adam Street Partners, with participation from Bessemer Venture Partners and Shasta Ventures (VentureBeat).
• ZIRX is the third big-name valet app service to raise a significant funding round this year, alongside rivals Luxe and Valet Anywhere. ZIRX’s new $30 million round (the largest of the three companies) is led by Bessemer Venture Partners with additional funding from Norwest Venture Partners and Trinity Ventures (The Wall Street Journal).
• The online fashion marketplace Poshmark raised $25 million, giving it $47.2 million in total funding. Investors include Union Grove Venture Partners, Shea Ventures, Mayfield Fund, Menlo Ventures, Inventus Capital and SoftTech VC (Bloomberg Business).
• Appointment scheduler MyTime raised $9.25 million in a Series B funding round led by Khosla Ventures and Upfront Ventures (TechCrunch).
• The Justin Bieber-backed selfie app Shots raised $8.5 million in a round led by the Chinese firm WI Harper. Bieber’s early investment and brand boost has helped the startup reach five million registered users (The Wall Street Journal).
• Npm, a software startup that helps developers patch gaps in the code for making apps, raised $8 million from True Ventures and Bessemer Venture Partners (Wired).
• ClassPass, a startup that connects users with fitness classes in their city, acquired its rival FitMob for an undisclosed sum. In February, Fitmob bought its competitor Gymsurfing.

This article originally appeared on Recode.net.

We have a request

Vox's journalism is free because we believe that everyone deserves to understand the world that they live in. That kind of knowledge helps create better citizens, neighbors, friends, parents, consumers and stewards of this planet. In short, understanding benefits everyone. You can join in on this mission by making a financial gift to Vox today. Reader support helps keep our work free, for everyone. Will you join us?

One-Time Monthly Annual

$95/year

$120/year

$250/year

$350/year

Other

$

Yes, I'll give $120/year

Yes, I'll give $120/year

We accept credit card, Apple Pay, and Google Pay. You can also contribute via