clock menu more-arrow no yes mobile

Filed under:

Capital Gains: A Facebook co-founder launches an Asia VC fund and a 'global brand for dogs' lands $60M

Bark & Co. wants to be the Disney of pet stuff.

capital gains Todd Bernard / Recode

It's getting hard for startups to raise money. So says the New York Times and basically everyone else. Here are some tech companies (and one fund) that were able to raise new money, and announced it this past week:

  • Eduardo Saverin, the Facebook co-founder whose name you know because of "The Social Network," raised $144 million for a VC fund to be focused on Asian startups (Wall Street Journal).
  • Bark & Co., a subscription commerce service for pet owners that describes its ambitions as being the Disney of dogs, raised $60 million of Series C funding from August Capital, RRE and Resolute Ventures (Wall Street Journal).
  • ThoughtSpot, a startup that aims to give companies a Google-like search engine for their own data, raised a $50 million Series C round led by General Catalyst. Khosla Ventures, Lightspeed Venture Partners and Geodesic Capital also kicked in (Fortune).
  • Ex-Google engineer Joe Britt's internet-of-things startup Afero landed $20 million in a round led by Samsung's venture arm, with participation from Fenox Venture Capital, Presidio Ventures, Sanshin Electronics and Assembly Partners.
  • Accel, Elaia Partners and Iris Capital invested $10 million of Series A funding in Shift Technology, a startup that helps keep insurance companies from getting defrauded (TechCrunch).
  • Jetty, a New York-based startup that sells insurance to millennials, raised $4 million of seed funding in an investment led by Ribbit Capital, with additional money from Box Group, SV Angel, Red Swan, Social Capital and Graph Ventures.
  • A group of ex-Reddit employees have raised $3 million from Charles River Ventures and O'Reilly AlphaTech Ventures to launch a new, tamer Reddit.
  • The group behind "Sesame Street's" Sesame Workshop is putting an undisclosed amount of money into Reach Capital, a VC firm that makes investments in education technology.

This article originally appeared on