A startup that’s basically “Waze for drones,” Amazon competitor Jet.com, curiously named on-demand labor service Handy and a bunch of other companies raised money this week. Here are the details:
Capital Gains: Jet.com Raises $500 Million, Alibaba to Put $80 Million Into Boxed and More
Alibaba invests in another Amazon competitor.
Todd Bernard
- Jet.com, the online retailer led by Diapers.com founder Marc Lore, has raised $500 million in a new funding round led by Fidelity at a pre-money valuation of around $1 billion.
- Alibaba is close to investing $80 million in Boxed, a commerce app that sells stuff in bulk, like Costco. Alibaba says it doesn’t want to compete directly with Amazon, but this is the second Amazon rival in which it has invested this year.
- GlaxoSmithKline, Mission Bay Capital and the Bill and Melinda Gates Foundation are backing a $56 million Series A funding round for the biotech company Altreca, which is working on cancer therapies (San Francisco Business Times).
- Ten-year-old cyber security startup iBoss landed a $35 million investment from Goldman Sachs as part of a $50 million Series A round that sets the company’s value at around $500 million (Forbes).
- Handy, the on-demand home labor startup, has raised $50 million as part of a Series C funding round led by Fidelity, with participation from TPG Growth, General Catalyst, Highland Capital and Revolution Growth (VentureBeat).
- “Smart kitchen” startup Innit, which makes a software platform for Internet-connected kitchen devices, announced a $25 million funding round. Its investors include the founders and undisclosed others (Silicon Valley Business Journal).
- Cask Data, an enterprise technology startup that aims to help companies better analyze large sets of data, raised a $20 million Series B funding round led by Safeguard Scientifics. Battery Ventures, Ignition Partners and other investors contributed to the round (Silicon Valley Business Journal).
- Relayr, a Berlin-based startup that makes tools for software developers working on Internet-connected devices, raised an $11 million Series A round led by Kleiner Perkins Caufield & Byers, with participation from Munich Venture Partners and Cisco executive Tom Noonan (Tech.eu).
- Hivemapper, a startup that makes software for drone users that works similarly to Waze, raised $3 million in a round led by Spark Capital, with participation from Homebrew Capital, Google Ventures, Harrison Metal, Founder Collective, Subversive Capital and Michael Auerbach, an executive from Albright Stonebridge Group.
This article originally appeared on Recode.net.
