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

And a defense contractor bought your local high school's porn-blocker.

Todd Bernard

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.

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