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Capital Gains: European Meal Kits, Uber for Garbage and More Funding News

Goldman Sachs and Leonardo DiCaprio are getting into garbage.

Todd Bernard

A virtual reality startup raised money to start producing original content, Goldman Sachs invested in an Uber clone focused on garbage hauling and a German meal-delivery service secured a $3 billion valuation. Here’s what happened on the funding front this week in the tech industry:

  • There’s a new European unicorn: French company BlaBlaCar, a ride-sharing service for long distances, raised a $200 million Series D funding round at a $1.6 billion valuation (Forbes).
  • Clover Health, a medical insurer for senior citizens that uses advanced data analysis to track patient health and outcomes, raised $100 million in equity and debt financing, including $4 million from First Round Capital (Fortune).
  • YouTube star Michelle Phan’s makeup subscription service, Ipsy, raised a $100 million round from Uber investor TPG Growth and Sherpa Capital. Previously, the company had raised less than $3 million (Racked).
  • Germany-based meal-kit delivery service HelloFresh landed an $85 million investment from the Scottish firm Baillie Gifford. The deal sets HelloFresh’s value at around $3 billion (Bloomberg Business).
  • Institutional Venture Partners led a $50 million investment in Compass, an online real-estate service. The round reportedly sets the company’s value at around $800 million (Bloomberg Business).
  • Virtual reality startup Jaunt raised a $50 million Series C round, as it looks to build out an in-house, original VR content studio. Less than a year ago, Jaunt raised a $28 million Series B. In the first half of 2015, VR companies have collectively raised about $250 million (Variety).
  • Rubicon Global is an Atlanta-based startup whose app and website connect businesses and residential customers with waste collection services for on-demand pickup. It is functionally the same as Uber or any other so-called “sharing economy” app. This week, Rubicon scored $50 million in funding (at a $500 million post-money valuation) from an investment group led by Nima Capital, with participation from Goldman Sachs, Wellington Management, Leonardo DiCaprio and others (Wall Street Journal).
  • HelloTech pays college students to provide customer support for people who aren’t as tech familiar. This week, the company raised $12.5 million in a Series A funding round led by Madrona Venture Group, with participation from Upfront Ventures, Accel Partners and CrossCut Ventures.
  •, which automates computing tasks for tech companies (and competes with Amazon Web Services’ Lambda), raised $8 million in a round led by Baseline Ventures (VentureBeat).
  • Political news analysis app Sidewire, which is getting a lot of love from within the Beltway, launched this week and announced that it had raised $5 million. Spark Capital led the investment.

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