Some funding headlines: Uber is raising another couple billion as it attempts to expand globally amid fierce competition; an exercise class provider and equipment maker that streams video of spinning sessions took in a bunch of pre-IPO growth equity funding. Here’s the rest of the big news from this past week:
Capital Gains: Another $2 Billion Crosses Into Uber’s Event Horizon, Peloton Raises Big Cash
The global ride-hailing wars continue apace.
Todd Bernard
- Uber is in the process of raising another $2.1 billion at a $62.5 billion valuation, and it has already closed investments from T. Rowe Price and Tiger Global Management. Lyft (which is in the process of raising another $500 million) and Didi Kuaidi also added two new members to their global ride-hailing startup alliance: India’s Ola and the southeastern Asia-focused GrabTaxi.
- AppDynamics, a startup that analyzes the code of large companies like Tesla to detect anomalies and errors, raised $158 million in a round led by General Atlantic and Altimeter Capital. Goldman Sachs, Adage Capital, Industry Ventures and Cross Creek Advisors also kicked in funding (New York Times).
- Peloton offers spinning classes and sells its own high-end stationary bikes onto which it can stream video of cycling classes. This past week, the company secured $75 million in growth equity funding from Catterton, a private equity firm (New York Business Journal).
- ZeroFox, a cyber security startup that specializes in vulnerabilities created by social media, raised a $27 million Series B round led by Highland Capital, with participation from NEA, Genacast Ventures, Silicon Valley Bank and Core Capital (Tech Bulletin).
- UI designer app Figma launched with a fresh $14 million round in the bank, led by Greylock Partners, with additional funding from Iconiq Capital, Index Ventures, OATV and LinkedIn CEO Jeff Weiner (VentureBeat).
- Foxconn, Accel Partners, Indian e-commerce giant Flipkart and others are investing $9 million in QikPod, a company that basically wants to build Amazon-style delivery lockers in India (Times of India).
- Younity, which makes a software platform for users to store media in the cloud and locally, raised $8 million in a Series A round led by Marker LLC. The startup has raised $11.25 million in total since 2012 (San Diego Union-Tribune).
- Horizon Ventures, an investment firm owned by Hong Kong billionaire Li Ka-shing, led a $6.5 million funding round for Bevi, which makes an Internet-connected beverage dispenser (VentureBeat).
- Virtual reality startup Baobab Studios has $6 million in a funding round led by Comcast Ventures. The company was co-founded by former Zynga exec Maureen Fan and “Madagascar” co-director Eric Darnell (The Verge).
This article originally appeared on Recode.net.
