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Capital Gains: Snapchat and DocuSign Swallow Some More Cash

Ad tech, robotic pills and more funding news.

Todd Bernard

While the Code Conference was in full swing this week, some funding news broke, too. Here’s what happened:

  • Just a couple months after closing one funding round, a regulatory filing shows that Snapchat recently raised $537 million at a $16 billion valuation. A Re/code report from March said the company had last raised $200 million from Alibaba at $15 billion.
  • DocuSign has added $77 million to its recent Series F round, which put the company’s value at $3 billion. The new funding is a “strategic investment” made by Dell and Intel Capital.
  • Data storage startup Rubrik raised $41 million in a Series B round led by Greylock Partners, with Lightspeed Partners and other investors joining in. The company has raised $51 million in the 15 months since it was launched (Wall Street Journal).
  • Morgan Stanley’s late-stage investment arm led a $26 million funding round for the ad tech firm GumGum, which is aiming for a 2017 IPO (Wall Street Journal).
  • Rani Therapeutics, which makes an ingestible robotic pill, raised $25 million in a Series C round led by the pharmaceutical company Novartis, alongside Google Ventures, InCube Ventures and VentureHealth (Wall Street Journal).
  • The 3-D-printing startup MatterFab raised $5.75 million in a Series A round led by GE Ventures, featuring participation from the Innovate Indiana Fund (TechCrunch).
  • Mapping technology startup Mapsense raised $2.5 million in seed funding in an investment led by General Catalyst with participation from Redpoint Ventures, Gil Elbaz, Formation8 and Amplify.LA (TechCrunch).
  • The ride-hailing service Flywheel, which works with established taxi services, raised an undisclosed amount of new funding from a coterie of investors, both new and old (VatorNews).

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