Capital Gains: Jawbone and Foursquare Raise Down Rounds, Slashing Valuations

Foursquare and Jawbone, two tech startups that have had significant trouble making money, announced funding rounds this week that cut their values significantly. Here’s more detail on that, plus other funding news from across the industry:

• Fitness tracker maker Jawbone raised $165 million in a down round, setting the company’s value at $1.5 billion, which is what it was worth in 2011. Previously, investors put the company’s worth at $3.3 billion.
• Datadog, which monitors the status and performance of business’s apps and cloud-based servers, raised $94.5 million led by Iconiq Capital, with money coming from Index Ventures, OpenView Ventures and others (Fortune).
• Mobile data analytics firm App Annie raised $63 million (split $48 million in equity, $15 million in debt) in Series E funding, a round led by Greenspring Associates. Greycroft Partners, IVP, Sequoia Capital and e.Ventures also participated (Wall Street Journal).
• JD.com, the second-biggest digital commerce company in China, invested between $45 million and $50 million in the online discount shopping site, Wish. The money was part of a $500 million round that set Wish’s value at $3.5 billion.
• Confirming a Re/code report from last month, Foursquare raised $45 million at a valuation of around $250 million. In 2013, the company raised $65 million at a $650 million valuation.
• Latino-focused Web TV network Mitu raised a $27 million Series C round from AwesomenessTV, WPP Digital, Verizon and Upfront Ventures. The company has raised $43 million in total.
• The makers of Vivino, an app that scans the labels of wines and tells you about them, have raised $25 million in a round led by SCP Neptune International, the personal investment vehicle of the CEO of Moet Hennessey. The company has raised $37 million in total (VentureBeat).
• Shape Security, a cyber security firm that focuses on preventing hacks from bots, raised $25 million in Series D funding led by Baseline Ventures, with participation from Kleiner Perkins Caufield & Byers, Google Ventures, Eric Schmidt’s Tomorrow Ventures and others.
• Ex-Bloomberg digital chief and The Verge co-founder Joshua Topolsky is in the process of raising $5 million-$10 million to launch a highbrow digital media publication that will cover politics, culture and business.

This article originally appeared on Recode.net.

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