clock menu more-arrow no yes mobile

Filed under:

Capital Gains: A New Unicorn on the Block, Blue Bottle Gets Paid and More

And SoftBank goes long on Korea.

Todd Bernard

Color us shocked: Another cloud software company has hit the billion-dollar valuation mark. Here’s the rest of what happened on the funding front in Silicon Valley this week:

  • Softbank is investing $1 billion in the Korean digital retailer Coupang, which is the country’s largest online commerce company by revenue.
  • Coupa, a cloud software company that helps business manage their cash flow, has raised $80 million at a valuation of more than $1 billion. The new round, led by T. Rowe Price and Iconiq Capital, gives the company $169 million in total funding.
  • Blue Bottle Coffee, the upscale coffee chain that started in the Bay Area, has taken on another $70 million in funding from Fidelity and Tetragon Financial Group. In April, the company bought the San Francisco-based Tartine Bakery, and it’s looking for another $5 million to close out this round (Financial Times).
  • The pharmaceutical delivery and management startup PillPack raised $50 million in a round led by CRV, whose partner George Zachary is joining the PillPack board. The company’s $8.8 million Series A round closed last fall (Forbes).
  • HireVue, which makes software for video interviews, raised a $45 million Series E round led by Technology Crossover Ventures, with participation from Sequoia Capital, Granite Ventures, Rose Park Advisors and Investor Growth Capital (Wall Street Journal).
  • Joyus, which wants to make QVC for the Facebook audience, raised $24 million to do just that. The round was led by Disney’s Steamboat Ventures and Marker LLC.
  • The Texas-based mobile commerce startup TabbedOut raised $21.5 million in a round led by Wellington Management that aims to prep the company for an IPO. The company has raised $39 million since launching in 2011 (Wall Street Journal).
  • Nirvana Systems, a startup founded by ex-Qualcomm people, that employs a kind of artificial intelligence called “deep learning,” raised $20.5 million in a new round led by Data Collective (VentureBeat).
  • Social “nomination” app Blend, which lets users create “trends” that are designed to go viral, raised $6.3 million in a Series A round led by NEA, whose Sheel Tyle is joining the Blend board (PR Newswire).
  • For an undisclosed sum, Softbank is upping its stake in the mobile gaming company Supercell (maker of the highly popular game “Clash of Clans”) from around 50 percent to about 73 percent (TechCrunch).


This article originally appeared on