There was a lot of funding news this week, including sports, digital commerce, payments, health, office chat and yet another multibillion dollar-valuation for a startup. Here’s what went down:
Capital Gains: More Stripe Funding, Marc Andreessen’s New Board Seat and More
Funding news from this week in Silicon Valley.
Todd Bernard
- The digital payments startup Stripe is in the middle of raising an undisclosed amount of money as part of a round that will value the company at $5 billion. Less than a year ago, the company raised $70 million at $3.5 billion.
- The cloud software company MuleSoft scored $128 million in a round led by Salesforce Ventures, setting MuleSoft’s value at $1.5 billion.
- Obvious Ventures, the venture capital firm started by Twitter and Medium founder Ev Williams, raised $123 million for its first fund, according to an SEC filing earlier this week.
- The cloud software company Twilio is partnering with its backers, Bessemer Venture Partners, DFJ and Redpoint Ventures, to start a $50 million fund to invest in companies developing on Twilio’s platform.
- Payment processing company WePay raised $40 million in a funding round led by FTV Capital, with the Japanese digital commerce firm Rakuten and existing investors Highland Capital Partners, August Capital, Continental Investors and Ignition Partners also participating (Fortune).
- Switch, a Google Ventures-backed business communications company run by ex-Googlers, raised $35 million in a round led by the Singaporean VC Amasia, with existing investors Google Ventures and Andreessen Horowitz participating alongside newcomers SoftBank and Workbench Ventures (Forbes).
- The Canadian clean energy company General Fusion raised $27 million in a new investment round led by the Malaysian government’s sovereign wealth fund, Khazanah Nasional Berhad (Business in Vancouver).
- Samsara, a wireless sensor maker founded by two guys who sold their last company to Cisco for $1.2 billion, raised $25 million in Series A funding led by Andreessen Horowitz. Marc Andreessen is joining the Samsara board (Wall Street Journal).
- DIY content and commerce company Brit + Co. raised $23 million in funding, and an SEC filing reveals that Intel Capital VP Lisa Lambert has been named a new board member (Fortune).
- Berkshire Hathaway and GE invested $22.5 million in EVolution Networks, an Israeli company that makes energy management technology for businesses (Bloomberg).
- Fuze, a cloud-based conferencing software maker, raised $20 million in new funding and acquired the workplace collaboration service LiveMinutes for an undisclosed sum (Silicon Valley Business Journal).
- The health insurance shopping companion Stride Health raised $13 million in a new round led by Venrock, with participation from Fidelity Biosciences and NEA (MobiHealthNews).
- Viral content publisher The Mighty raised $2.5 million in an investment round led by Upfront Ventures (VentureBeat).
- Mitoo, a social network for amateur athletes, raised $1.5 million in funding led by Dave Morin’s Slow Ventures (VentureBeat).
This article originally appeared on Recode.net.
