While the Code Conference was in full swing this week, some funding news broke, too. Here’s what happened:
Capital Gains: Snapchat and DocuSign Swallow Some More Cash
Ad tech, robotic pills and more funding news.
Todd Bernard
- Just a couple months after closing one funding round, a regulatory filing shows that Snapchat recently raised $537 million at a $16 billion valuation. A Re/code report from March said the company had last raised $200 million from Alibaba at $15 billion.
- DocuSign has added $77 million to its recent Series F round, which put the company’s value at $3 billion. The new funding is a “strategic investment” made by Dell and Intel Capital.
- Data storage startup Rubrik raised $41 million in a Series B round led by Greylock Partners, with Lightspeed Partners and other investors joining in. The company has raised $51 million in the 15 months since it was launched (Wall Street Journal).
- Morgan Stanley’s late-stage investment arm led a $26 million funding round for the ad tech firm GumGum, which is aiming for a 2017 IPO (Wall Street Journal).
- Rani Therapeutics, which makes an ingestible robotic pill, raised $25 million in a Series C round led by the pharmaceutical company Novartis, alongside Google Ventures, InCube Ventures and VentureHealth (Wall Street Journal).
- The 3-D-printing startup MatterFab raised $5.75 million in a Series A round led by GE Ventures, featuring participation from the Innovate Indiana Fund (TechCrunch).
- Mapping technology startup Mapsense raised $2.5 million in seed funding in an investment led by General Catalyst with participation from Redpoint Ventures, Gil Elbaz, Formation8 and Amplify.LA (TechCrunch).
- The ride-hailing service Flywheel, which works with established taxi services, raised an undisclosed amount of new funding from a coterie of investors, both new and old (VatorNews).
This article originally appeared on Recode.net.
