The University of California, an online lender, food videos, ticket sales, payments security and a bunch of other entities announced major funding news this week. Here are the headlines:
Capital Gains: Food Videos, Adele’s Business Partners and More Funding News
Slack and the University of California launched new funds.
Todd Bernard
- Another online lender focused on giving money to millennial borrowers, Pave, has raised a startling amount of money. This time it’s $300 million in a mix of debt and equity financing from hedge fund Seer Capital and other investors (Wall Street Journal).
- Billionaire Sacramento Kings owner and entrepreneur Vivek Ranadivé is starting a $250 million fund with the University of California that will focus on investing in companies that began from UC research (Los Angeles Times).
- Private equity investor CVC Partners is putting $80 million into Boise, Idaho-based Kount, which makes payments security technology that deals with online fraud (New York Times).
- Office collaboration software maker Slack has raised so much money that it’s launching an $80 million fund with major VCs including Accel, Andreessen Horowitz and Kleiner Perkins Caufield & Byers. It will invest in startups that make third-party integrations with Slack’s platform.
- Digital Guardian, a startup that helps companies minimize the amount of data they lose in the event of a breach, raised a $66 million Series D funding round that included GE Pension Trust (advised by GE Asset Management), Fairhaven Capital Partners, Loring Wolcott & Coolidge and others (eWeek).
- Tastemade, a media startup that specializes in making videos of food that are popular on social media, raised $40 million in a round led by Goldman Sachs, with participation from Comcast*, Redpoint, Raine and Scripps.
- Sequoia Capital is investing $35 million in Clover Health, an online health insurance company that uses data analysis to reduce medical costs for senior citizens who use government-subsidized, private alternatives to Medicare (Fortune).
- NextCapital, an automated financial information and advice provider that works directly with financial institutions, raised $16 million in Series B funding from AllianceBernstein, which led the round, plus Manulife Financial Corp. and Route 66 Ventures (Chicago Tribune).
- British event tickets sales company Songkick, which partnered with Adele for her latest tour, landed $10 million from Access Industries, the parent company of Warner Music (The Guardian).
- There are fewer ad and marketing tech companies raising money now, but here’s one: Full Circle Insights, which closed a $4.7 million Series B led by Salesforce Ventures and Aligned Partners (VentureBeat).
* Comcast owns NBCUniversal, an investor in Vox Media, which is the owner of this website.
This article originally appeared on Recode.net.
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