Alastair Goldfisher

Slack raises late-stage round at $7.1 bln valuation

San Francisco-based Slack, provider of collaboration tools and services, announced it has raised $427 million in Series H funding at a post-money valuation of more than $7.1 billion. Lead investors in the Series H equity round are Dragoneer Investment Group and General Atlantic. They were joined by funds and accounts advised by T. Rowe Price Associates and funds advised by Wellington Management, and Baillie Gifford and Sands Capital, as well as existing investors. The company has now raised nearly $1.27 billion since it was founded in 2009.

Semmle raises $21 mln in Series B round led by Accel

San Francisco-based Semmle, provider of a software engineering analytics platform, announced it has raised $21 million in a Series B round of funding. Accel Partners led the round, which included participation from Work-Bench. The company, founded in 2006, has now raised $31 million in total funding since it was founded in 2006. As part of its investment, Accel’s Ping Li and Vas Natarajan will join the board.

Defy defies the odds in funding Series A companies

Five Questions with Susan Choe of Katalyst Ventures

DoorDash raises $250 mln more at $4 bln valuation

San Francisco-based DoorDash, which operates an on-demand restaurant delivery service, announced that it raised $250 million in a growth round co-led by Coatue Management and DST Global. The company, founded in 2013, has now raised about $1 billion in funding.

Fitness company Freeletics announces investors

Munich, Germany-based Freeletics, which provides a personal workout plan and a fitness app, announced it has raised capital with FitLab. Other investors include Causeway Media Partners, JAZZ Venture Partners, Courtside Ventures, Elysian Park Ventures and ward.ventures. The amount of the funding was undisclosed. Mark Wan from Causeway and John Spinale from JAZZ will join the board. The company was founded in 2013.

Healthcare company myLAB Box raises $1.56 mln in seed

Los Angeles-based myLAB Box, provider of an at-home STD testing service, announced it has raised $1.56 million in seed funding. K5 Ventures and Texas HALO Fund led the round, with participation from Morgan Stanley, Pasadena Angels, Pipeline Angels and Sand Hill Angels. The company, founded in 2013, has now raised $2.1 million in funding.

Wireless internet provider Common Networks raises $25 mln

San Francisco-based Common Networks, a provider of affordable enterprise-grade internet service, announced it has raised $25 million in Series B funding. General Catalyst led the round, which included existing investors Eclipse Ventures and Lux Capital. As part of the latest round, General Catalyst Managing Director Hemant Taneja has joined the board. The company, founded in 2016, has now raised more than $34 million in funding.

Pittsburgh’s startups excited about driverless tech and AI, see momentum ahead

Auto security camera maker Owl raises $10 mln more in Canvas-led round

Palo Alto, California-based Owl Cameras, developer of an automobile security camera, announced it raised $10 million in a Series A1 round led by Canvas Ventures. Also participating in the round were Series A investors Defy, Khosla Ventures, Menlo Ventures, Sherpa Capital and CSAA Insurance Group. The company, founded in 2016, has now raised $28 million in total funding. As part of the latest infusion, Canvas General Partner Rebecca Lynn has joined the board.