A bunch happened in Silicon Valley this week. One company landed a shiny, new billion-dollar valuation, and another confirmed a $60 million funding round featuring investments from some of venture capital’s biggest names. Here’s what went down:
Capital Gains: Nextdoor’s Next Step, Quixey Confirms $60M Round
Also, meet the world’s newest $40 billion chipmaker.
Vjeran Pavic
- Dutch chipmaker NXP Semiconductors acquired its smaller, Austin, Texas-based rival Freescale Semiconductor in a deal that values the new combined firm at about $40 billion.
- Hewlett-Packard confirmed its plan to acquire Aruba Networks, a company that sells Wi-Fi networking gear to corporate customers. HP will pay $24.67 per share, valuing Aruba at $3 billion or about $2.7 billion after accounting for debt.
- Paypal paid $280 million for Paydiant, a retailer-backed startup building a mobile payments system that retailers can use to create their own branded mobile wallet apps to rival Apple Pay, the forthcoming Samsung Pay and Android Pay.
- Nextdoor, a startup that makes a social network for neighborhoods, raised $110 million in a funding round that values the company at more than $1 billion. The round was led by Insight Venture Partners and Redpoint Ventures.
- There was some funding news from two different potential Craigslist competitors: The Andreessen Horowitz-backed OfferUp is in the middle of raising a round in the range of $60 million to $100 million at an implied valuation of about $500 million. Meanwhile Canada’s VarageSale landed a Series A round led by Sequoia Capital, the details of which haven’t yet been disclosed.
- Deep-linking search startup Quixey announced a $60 million funding round this week, confirming a Re/code report from last month. Investors include Alibaba, Goldman Sachs, SoftBank and GGV Capital; according to reports the company is valued at $600 million.
- Luxe, which makes a valet parking app, raised $20 million in a Series A round led by Venrock and Redpoint Ventures (GigaOm).
- The software startup ToutApp raised $15 million in a Series B round led by Andreessen Horowitz. The round brings the company’s total capital raised to $20 million (Wall Street Journal).
- Alation, an enterprise data technology company that has mostly been operating under the radar, announced a $9 million Series A funding round, with funding from Andreessen Horowitz, Bloomberg Beta, Data Collective and others (Wall Street Journal).
- YouMail, a company that is working on a Siri-like assistant for voice mail, raised $5.5 million in a Series B round. Prior investors include Vantage Point Capital Partners and Wavemaker Ventures (eWeek).
- The fitness tech and hardware maker Fitbit acquired Fitstar, a personal training app that makes custom-made workouts.
This article originally appeared on Recode.net.
See More:
