clock menu more-arrow no yes mobile

Filed under:

Capital Gains: Juice, Sleep Wearables, Robo Advising and Slack Raised a Lot of Money

Slack hit a nearly $4B valuation.

Todd Bernard

The list of companies that raised funding last week includes an automated financial adviser, Silicon Valley darling Slack, would-be Slack competitor Asana and a bunch of others, including a juicing startup. Here’s what happened on the funding front:

  • Fast-growing and Silicon Valley-beloved workplace communications service Slack raised $200 million at a $3.8 billion valuation. This round included new investors Thrive Capital, Comcast Ventures and GGV, as well as previous backers (Andreessen Horowitz, GV, Spark Capital, Kleiner Perkins Caufield & Byers and others).
  • Betterment, a service that automates investing for (largely) mom-and-pop consumers, raised $100 million in funding at a $700 million valuation. Betterment is the largest such service (competitors Wealthfront and Personal Capital are Nos. 2 and 3, respectively), and this most recent round was led by Swedish firm Investment AB Kinnevik (Bloomberg).
  • Asana, the workplace-software maker co-founded by Facebook co-founder Dustin Moskovitz, raised a $50 million Series C funding round led by Y Combinator’s Sam Altman, with participation from Mark Zuckerberg, Zappos CEO Tony Hsieh, 8VC and others (Fortune).
  • Airware, which is working on a universal operating system for drones, raised $30 million for a Series C round led by Next World Capital, with participation from Andreessen Horowitz, Cisco chairman John Chambers and Kleiner Perkins (The Verge).
  • Invoca, which makes technology to track and operate phone calls, raised $30 million in a Series D funding round led by Morgan Stanley and Alternative Investment Partners (AdAge).
  • Juicing-machine maker Juicero is in the middle of raising $28 million in new funding. The company has already raised $16.5 million Series A and $70 million Series B rounds from a group of investors that includes GV (formerly Google Ventures) and Kleiner Perkins (New York Times).
  • Playbuzz is a startup (led by the son of incarcerated former Israeli Prime Minister Ehud Olmert) that makes tools for online content so that publishers can be more like BuzzFeed. The company landed $15 million in funding, most of which came from Disney and billionaire Haim Saban (Wall Street Journal).
  • Turner led a $15 million investment in the digital publication Mashable, alongside Time Warner Investments (the investing arm of parent company Time-Warner) and Updata Partners (Wall Street Journal).
  • Rythm, a French startup that makes a vibrating headband to help customers sleep better, raised $11 million from a group of investors that includes French doctor Laurent Alexandre and billionaire telecom mogul Xavier Niel.
  • Kuvee, a company that wants to be the Keurig for wine, announced $6 million in funding from General Catalyst and Founder Collective, and said that it was launching individual wine canisters for its $199 decanter dispensing system (Bloomberg).

This article originally appeared on

Sign up for the newsletter Sign up for Vox Recommends

Get curated picks of the best Vox journalism to read, watch, and listen to every week, from our editors.