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Capital Gains: Airbnb's $1.5 Billion Funding Round and More

Also of note: Shopping for your home using VR.

Todd Bernard

This week in funding news includes home shopping VR, Airbnb swallowing the GDP of a small country, vending machine tech and other fun stuff. Here’s what went down:

  • Airbnb has finalized a $1.5 billion funding round that sets the company’s value at $25.5 billion, figures larger than previously reported. General Atlantic, Tiger Global Management and the China-based Hillhouse Capital Group led the round (Wall Street Journal).
  • Alibaba and its affiliate Ant Financial are investing $1 billion in a joint venture, Koubei, targeting the “local services” delivery market in China.
  • Earlier this year, the fantasy sports and gambling service DraftKings was set to take a $250 million investment from Disney. Well, that’s not happening anymore, but the major ESPN advertising deal attached to the investment is still on.
  • Snowflake, the cloud-based data analytics startup founded and led by ex-Microsoft exec Bob Muglia, announced a $45 million round led by Altimeter Capital. This brings the company’s total funding to $71 million.
  • Matterport enables users to scope out a potential home using virtual reality technology, and the company has now raised $30 million in a Series C investment led by Qualcomm’s investment arm (Fortune).
  • Qwilt, which makes network equipment that’s designed to handle the growing demand for Internet video, raised a $25 million Series D round led by Disruptive.
  • A company behind a guest sign-in app, Envoy, landed a $15 million investment from Andreessen Horowitz. The company looks to use the money to expand into enterprise (TechCrunch).
  • Vending machine tech startup PayRange raised a $12 million Series A funding round led by Matrix Partners (Fortune).
  • Auth0, a company specializing in user login and authentication technology, raised $6.9 million in a round led by Bessemer Venture Partners (GeekWire).
  • Appuri, which collects data on customer usage to prevent users from abandoning a service, raised a $2 million seed round led by Divergent Ventures (GeekWire).

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