What do startups have to be thankful for? Instant ramen, cloud servers, Seamless and the big checks that investors hand over to make it all possible. Here’s the funding news from this past week:
Capital Gains: Jet.com’s Thanksgiving Haul, Even More Big Delivery Rounds and More
Jet.com lands $350 million, Deliveroo nets $100 million.
Todd Bernard
- Jet.com, the digital retailer started by Diapers.com founder Marc Lore that launched earlier this year, has raised another $350 million with plans to land $150 million more. The round was led by Fidelity Investments with participation from Alibaba, Bain Capital Ventures and Google Ventures, and it sets Jet’s value at around $1 billion.
- Indian delivery startup Grofers has landed $120 million in Series C investment led by SoftBank, with Tiger Global, Sequoia Capital, Apoletto Managers and DST Global kicking in as well. The company is reportedly worth more than $300 million with this funding. It was valued at $33 million earlier this year (Times of India).
- Four months ago, the subtly-titled food startup Deliveroo raised $70 million to expand outside of the U.K. This past week, it raised an additional $100 million to fuel its growth in Asian and Middle Eastern markets. The new money comes in part from Yuri Milner’s DST Global (New York Times).
- BAROnova, a medical technology startup that makes a device to help patients lose weight, raised a $36.5 million Series D funding round led by Delos Capital and Longitude Capital. The money will allow BAROnova to conduct a clinical study with its “TransPyloric Shuttle,” which the FDA recently gave its blessing (MedCity News).
- Placester, a popular real estate marketing platform for brokers and real estate agents, raised $27 million in a Series C funding round, featuring investment from NEA and Romulus Capital. The company raised $15 million earlier this year (TechCrunch).
- Network technology startup IIX raised $26 million in Series B funding, giving it about $65 million in total funding thus far. The most recent round was led by Formation 8, and NEA, Infinera founder Drew Perkins and investor Rajiv Ramaswami kicked in as well (Silicon Valley Business Journal).
- Quizlet, a startup that makes digital tools for students, raised $12 million in Series A funding from a group of investors that includes Union Square Ventures, Costanoa Venture Capital, Altos Ventures and Owl Ventures. Union Square’s Fred Wilson is joining the Quizlet board (Wall Street Journal).
This article originally appeared on Recode.net.
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