Venture capital firms had a big week, raising several new substantial funds. Uber rival Didi swallowed a bunch more money as well, on the heels of the Uber-Saudi Arabia deal. Here’s what happened on the funding front in Silicon Valley:
Capital Gains: Andreessen Horowitz raises another $1.5 billion fund and Didi finds yet another huge backer
Also: “The Vine of gaming.”
Todd Bernard / Recode
- Three major VC firm funding announcements: Andreessen Horowitz raised a new $1.5 billion fund for seed to mid-stage startups, and Sherpa Capital announced a $470 million raise and two new funds.
- Didi Chuxing scored another $500 million in funding (Wall Street Journal) from insurer ChinaLife. Uber recently got more than $3 billion from the Saudi Arabian government’s sovereign wealth fund, and Didi has said that it’s in the middle of raising a round of a comparable size.
- SoftTech VC (which backed Fitbit and Postmates) also raised $150 million in new funding for startups (Bloomberg).
- Microsoft, Salesforce, Intel Capital, True Ventures and others invested $36.2 million of Series B funding in customer service software startup Helpshift (Business Insider).
- Business travel booking startup TravelPerk raised a $7 million Series A funding round led by Spark Capital, with cash from Sunstone Capital and LocalGlobe (TechCrunch).
- Freenome, a startup researching cancer diagnostics, raised a $5.5 million seed round from Andreessen Horowitz, Founders Fund, Data Collective and Third Kind Venture Capital (TechCrunch).
- Forge, which aims to be “the Vine of gaming,” raised $4.5 million in a seed funding round led by True Ventures and Resolute Ventures (Wall Street Journal).
This article originally appeared on Recode.net.
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