clock menu more-arrow no yes mobile

Filed under:

Capital Gains: Medium, an Uber rival, a drone hunter and other companies raised cash

Money don't matter 2 night.

Todd Bernard

Secondhand fashion, a startup that can use radio signals to take down your drone, another Uber rival and a bunch of other companies raised money this past week. Here’s what happened on the funding front:

  • Uber rival Cabify, which operates in Latin America, raised $120 million at a $320 million valuation from a group of investors led by Lyft backer and Japanese e-commerce giant Rakuten. This round gives Cabify around $150 million in total funding (TechCrunch).
  • Medium, the publishing platform founded and run by Twitter co-founder Ev Williams, raised $50 million in a new round of funding that sets the company’s value at around $600 million. A few months ago, the company raised $57 million at a $400 million valuation. The most recent investment was led by Spark Capital, and Williams, GV (née Google Ventures) and Andreessen Horowitz participated.
  • The RealReal, a website that sells used designer clothes, raised $40 million in a Series C funding round led by Greenspring Associates. The company raised $123 million since its launch five years ago.
  • A few ex-Paypal execs have raised a $32 million Series C round for their antifraud startup Forter, in a round led by Scale Venture Partners. NEA and Sequoia Capital also contributed to the round (Silicon Valley Business Journal).
  • PayPal led a $30 million investment in the automated investment service (“robo-advising”) Acorns, with participation from Rakuten, e.Ventures and Greycroft Partners (Wall Street Journal).
  • Capital One, Fifth Third, PNC, TD Bank, Wells Fargo and Safeguard Scientifics put $30 million of Series E funding into the startup Transactis, which helps small- and medium-sized businesses move from paper billing systems to digital ones (New York Business Journal).
  • Data storage startup Diamanti exited stealth and announced that it has raised a $12.5 million round from Goldman Sachs, Charles River Ventures, Draper Fisher Jurvetson and GSR Ventures (Fortune).
  • Revolution Ventures, NEA and Swan & Legend Venture Partners are putting $9 million into the custom framing startup Framebridge, which has now raised over $20 million in the last couple years (Washington Post).
  • Human Inc., a startup that does something with audio technology but won’t tell anybody what that is, raised $5 million from a group of seed investors that includes Brentwood Associates’ Fred Warren and Sugar Mountain Capital’s Kurt Beecher Dammeier. In December, the company raised $700,000 (VentureBeat).
  • The House Fund, a $6 million seed investment fund specifically designated for startups at UC Berkeley, launched this past week with backing from investors at Redpoint Ventures, True Ventures, Sherpa Capital and elsewhere.
  • Andreessen Horowitz made a seed investment in the startup SkySafe, which uses radio signals to wirelessly bring drones down to the ground.

This article originally appeared on