Capital Gains: Another Big Online Lending Round, Background Checks and More Funding News

Funding headlines from this week include news on online lending, hotels in India and a cloud technology that came out of stealth. Here’s what happened:

• Icarbonx, a Chinese startup that uses artificial intelligence in analyzing health data, has reached a billion dollar valuation less than a year after it was founded. The company just raised $154 million in a round led by Tencent (Tech in Asia).
• Oyo Rooms, an Indian startup that’s sort of like Kayak or Hotels.com but focused on India hotels, reportedly raised $100 million from SoftBank, Sequoia Capital, Lightspeed Venture Partners and others (Hindustan Times).
• Online consumer lender Affirm, one of many well-funded startups that aims to use data to more precisely target its customers, landed $100 million from a group of investors led by Peter Thiel’s Founders Fund. The company was founded by PayPal co-founder Max Levchin; its previous backers include Andreessen Horowitz, Khosla Ventures and Silicon Valley Bank. For now, the company reaches consumers through retail partners like Casper and Peloton, but it plans to offer standalone products sometime in the future (New York Times).
• Cloud-based data storage startup Datera came out of stealth and announced a $40 million funding round. The investment came from Khosla Ventures, Samsung Ventures, Sun Microsystems co-founder Andy Bechtolsheim and Juniper Networks co-founder Pradeep Sindhu (Fortune).
• Quartet Health, which uses data analysis to offer behavioral and mental health services to patients and physicians, raised $40 million in a round led by GV (formerly Google Ventures), with participation from Oak HC/FT Partners, F-Prime Capital Partners and Polaris Partners (MedCity News).
• Onfido, a startup that offers identity verification software to clients like Handy or French ride-sharer BlaBlaCar, raised $25 million in Series B funding from Idinvest Partners, Wellington Partners and CrunchFund (VentureBeat).
• Sequoia India (the Silicon Valley VC firm’s India franchise) lead a $7.5 million Series A investment in 90 Seconds, a startup that uses cloud software to cut down on video production costs (Economic Times).

This article originally appeared on Recode.net.

We're here to shed some clarity

One of our core beliefs here at Vox is that everyone needs and deserves access to the information that helps them understand the world, regardless of whether they can pay for a subscription. With the 2024 election on the horizon, more people are turning to us for clear and balanced explanations of the issues and policies at stake. We’re so grateful that we’re on track to hit 85,000 contributions to the Vox Contributions program before the end of the year, which in turn helps us keep this work free. We need to add 2,500 contributions this month to hit that goal. Will you make a contribution today to help us hit this goal and support our policy coverage? Any amount helps.

One-Time Monthly Annual

$5/month

$10/month

$25/month

$50/month

Other

$

Yes, I'll give $5/month

Yes, I'll give $5/month

We accept credit card, Apple Pay, and Google Pay. You can also contribute via