Benchmark has added another investor to its roster with the addition of Chetan Puttaguntais as general partner. Puttaguntais was previously a GP at New Enterprise Associates, where he led investments in MuleSoft, MongoDB and Elastic, among others.
1 min read · 09 July 2018
2 min read · 09 July 2018
San Mateo, California-based Lime, operator of a fleet of lime-green colored bicycles and electric scooters, announced on Monday it has raised $335 million in a round led by GV that reportedly values the company at $1.1 billion. Also participating in the round is strategic investor Uber and new investors Alphabet, IVP, Atomico and Fidelity Management and Research Company. Existing investors Andreessen Horowitz, Coatue Management, Fifth Wall and GIC also participated in the round.
1 min read · 09 July 2018
Berkeley, California-based Oasis Labs, a provider of cloud computing platform for the blockchain, announced it has raised $45 million in funding via a private token sale. Backers include a16zcrypto, (the new crypto-focused fund of Andreessen Horowitz), Accel, Binance Labs, Bitmain, DCVC, Electric Capital, Foundation Capital, Gairang, Metastable, Pantera, Polychain and others. The company says it is designing a platform to overcome performance, security and privacy limitations that have hampered blockchain adoption to date.
1 min read · 09 July 2018
Abingworth announced it has wrapped up Abingworth Bioventures VII with $315 million in commitments. The fund is Abingworth’s 12th to invest multi-stage life sciences companies in the United States and Europe. The firm, which has offices in London, Menlo Park and Boston, said it raised the fund from endowments, foundations, fund-of-funds, family offices, healthcare corporations, insurance companies and pension plans in the U.S., Europe and Asia.
1 min read · 09 July 2018
Early-stage venture firm Builders, which has offices in San Francisco and Chicago, has raised more than $115.5 million from 36 investors toward its $200 million targeted inaugural fund, according to a regulatory filing. The Builders VC Fund was launched in late 2016 by Paul Lee, who was formerly with Lightbank, and Jim Kim, who previously was with Formation 8. Separately, Builders raised $10 million from three investors for Builders VC Entrepreneurs Fund I, according to a regulatory document.
1 min read · 02 July 2018
New York-based Oden Technologies, which provides manufacturing data analytics to help digitize factories, announced it has raised a $10 million Series A round. Atomico led the round with participation from existing investors, including EQT Ventures, Inbox Capital and its seed investors. As part of the round, Atomico CEO Niklas Zennström will join the company's board. The company, founded in 2014, previously raised about $6 million.
1 min read · 02 July 2018
Venice, California-based electric scooter provider Bird, which has been rumored for weeks to be raising a large round at a billion-dollar valuation, announced it has closed its Series C funding at $300 million. Sequoia Capital led the round, which included new investors Accel, B Capital, CRV, Sound Ventures, Greycroft Partners and e.ventures, as well as previous investors Craft Ventures, Index Ventures, Valor, Goldcrest, Tusk Ventures and Upfront Ventures. As part of the funding, Sequoia Partner Roelof Botha has joined the board.
3 min read · 28 June 2018
Berkeley, California-based Everlaw, provider of collaborative litigation software, announced it has raised $25 million in Series B funding. Menlo Ventures led the round, with participation from Andreessen Horowitz, which led the company's $8 million Series A round in early 2016. Other investors have included K9 Ventures and Ulu Ventures. Everlaw, founded in 2010, has now raised more than $34 million.
4 min read · 28 June 2018
3 min read · 28 June 2018
