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June 29, 2020Client News
Tiger Global co-leads $750M Series E in Zuoyebang

Gunderson Dettmer represented Tiger Global as it co-led a $750 million Series E investment in Zuoyebang, a Chinese online tutoring platform. The round was joined by new investor Qatar Investment Authority and return backers SoftBank Vision Fund, Sequoia Capital China, Tiantu Capital and Xiang He Capital.

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June 26, 2020Client News
Oscar Raises $225M Funding Round

Gunderson Dettmer client Oscar, a direct-to-consumer health insurance company, closed a $225 million funding round. Baillie Gifford and Coatue were new investors in this round while Alphabet, General Catalyst, Khosla Ventures, Lakestar and Thrive Capital were previous investors that participated.

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June 25, 2020Client News
Lightspeed India Partners co-leads Series A in Nextbillion.ai

Gunderson Dettmer represented Lightspeed India Partners as it co-led the Series A investment in Nextbillion.ai, a Singapore-based startup building AI-based mapping solutions to support logistics, ride hailing, delivery and autonomous driving businesses.

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June 18, 2020Client News
Prosus Ventures leads Series A in Shipper

Gunderson Dettmer client Prosus Ventures, formerly, known as Naspers Ventures led the Series A investment into Shipper, an Indonesian startup offering logistics management analytics to sellers on e-commerce platforms.

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June 17, 2020Client News
Fabelio Announces Series C

Gunderson Dettmer client Fabelio, an online furniture retailer, raised its million Series C financing led by AppWorks, MDI Ventures and Endeavour Catalyst.

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June 17, 2020Client Alerts
Mandatory Form BE-10 Reporting Requirement for All U.S. Persons with Foreign Investments - Due Dates Extended to August 31, 2020

Form BE-10 is part of a recurring 5-year benchmark survey designed by the U.S. Department of Commerce’s Bureau of Economic Analysis (“BEA”) to gather current economic data on the foreign investment operations of U.S. multi-national enterprises and their foreign affiliates. All “U.S. reporters” with one or more foreign affiliates during their 2019 fiscal year must make Form BE-10 filings regardless of whether they were contacted by the BEA.

The deadlines for filing Form BE-10 with the BEA have been, in both cases, extended to August 31, 2020 (originally May 29, 2020 for filers with less than 50 foreign affiliate filings and June 30, 2020 for filers with 50 or more foreign affiliate filings).

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June 17, 2020Client Alerts
Mandatory Form BE-10 Reporting Requirements for All U.S. Persons with Latin American Investments – Due Date Extended to August 31, 2020

Form BE-10 is part of a recurring 5-year benchmark survey designed by the U.S. Department of Commerce’s Bureau of Economic Analysis (“BEA”) to gather current economic data on the foreign investment operations of U.S. multi-national enterprises and their foreign affiliates. All “U.S. reporters” with one or more foreign affiliates during their 2019 fiscal year must make Form BE-10 filings regardless of whether they were contacted by the BEA. Latin American venture-backed businesses that include U.S. holding companies in their corporate structure may be U.S. reporters.

The deadlines for filing Form BE-10 with the BEA have been, in both cases, extended to August 31, 2020 (originally May 29, 2020 for filers with less than 50 foreign affiliate filings and June 30, 2020 for filers with 50 or more foreign affiliate filings).

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June 17, 2020Client News
Zero Mass Water Raises $50M Series C1

Gunderson Dettmer client Zero Mass Water, developers that use solar energy to provide safe, clean drinkable water from the atmosphere, raised a $50 million Series C1 financing led by Blackrock Innovation Capital Group.

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June 16, 2020Client News
Demandbase Acquires Engagio

Gunderson Dettmer client Demandbase, an account-based marketing platform to help maximize the B2B marketing, acquired Engagio.

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June 16, 2020Client News
FirstMark Capital Announces Two Funds Totaling $650M

Gunderson Dettmer represented FirstMark Capital in the formation of two funds: FirstMark V, focused on early-stage company investments and FirstMark Opportunity Fund III, focused on follow-on investments.

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June 16, 2020Client News
OmniLatam Acquired by Greensill

Gunderson Dettmer client OmniLatam, a financial services platform for companies in Latin America, announced its acquisition by Greensill.

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June 11, 2020Client Alerts
CARES Act: Small Business Loan Program Update

SBA Issues First Guidance Following Passage of the PPP Flexibility Act

Following the enactment on June 5, 2020 of the bipartisan Paycheck Protection Program Flexibility Act of 2020 (the “Flexibility Act”), the U.S. Small Business Administration (“SBA”) has issued new guidance interpreting and implementing the act. As discussed in our previous client alert on the subject, the Flexibility Act amended the Small Business Act and the CARES Act to significantly modify the forgiveness and other provisions of the SBA’s Paycheck Protection Program (“PPP”).

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June 11, 2020Client News
Postman raises $150M Series C

Gunderson Dettmer client Postman, a collaboration platform for API development raised a $150 million Series C financing. The round was led by Insight and included CRV and Nexus Venture Partners.

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June 9, 2020Client News
PatientPing Announces $60M Series C

Gunderson Dettmer client PatientPing, a care coordination platform that works to connect providers with patient care announced its Series C financing. The $60 million funding was co-led by Andreessen Horowitz, F-Prime Capital, GV and Transformation Capital.

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June 9, 2020Client News
Squire Technologies Raises $34M Series B

Gunderson Dettmer client Squire Technologies, a booking and payment platform that connects barbers with clients, raised a $27 million Series B financing and also secured $7 million in debt.

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June 4, 2020
Elephant leads Series A in Keelvar

Gunderson Dettmer client Elephant led an $18 million Series A investment in Ireland-based Keelvar, a developer of automation and optimization software for enterprise procurement, along with co-client Mosaic Ventures.

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June 1, 2020Client News
Benchling raises $50M Series D

Gunderson Dettmer client Benchling, a life sciences research and development platform, raised a $50 million Series D financing led by Alkeon.

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June 1, 2020Client News
Nice Tuan Closes $81.4M Series C

Gunderson Dettmer client Nice Tuan, a Chinese e-commerce platform that provides groceries and daily supplies to the community, closed a Series C financing of $81.4 million led by GGV Capital.

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May 27, 2020Client News
Spark leads $60M Series C in SmartRent

Gunderson Dettmer client Spark Capital led the $60 million series C financing round in SmartRent, a company that brings smart home automation to property managers and renters.

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May 22, 2020Firm News
Gunderson Dettmer Named PitchBook’s Most Active Venture Law Firm Globally for Q1 2020

Gunderson Dettmer is again ranked “most active law firm globally” in PitchBook’s Global Venture Capital League Tables. This result reflects Gunderson Dettmer’s continued market leadership in the venture capital marketplace and reinforces previous recognition as the most active law firm in the world in PitchBook’s 2014, 2015, 2016, 2017, 2018 and 2019 annual industry reports.

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May 21, 2020Client Alerts
California Consumer Privacy Act: “Notice at Collection” and Privacy Policy Requirements

This alert is the second in our series of Privacy Topics: Practical Guidance from Gunderson Dettmer – a collection of practical privacy and data security guidance and accompanying materials designed to facilitate your company’s compliance efforts. Today’s alert focuses on notices that must be presented to California consumers under the California Consumer Privacy Act (CCPA) as it stands on May 21, 2020. For an overview of the CCPA, including guidance on which companies must comply, click here. Please click here for a questionnaire to help you gather and organize information your attorney will need to create your CCPA-compliant privacy policy.

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May 20, 2020Client News
BetterCloud Raises $75M Series F

Gunderson Dettmer client BetterCloud, the first SaaSOps Management platform empowering IT to define, remediate and enforce management and security policies for SaaS applications, raised its Series F financing. The $75 million financing was led by Warburg Pincus.

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May 20, 2020Client News
Khatabook Raises $60M Series B

Gunderson Dettmer client Khatabook, developer of an application that allows small business owners can record their transactions online, raised their Series B financing. The $60 million financing was led by B Capital, Sequoia, DST Global and Tencent.

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May 15, 2020Client News
GIPHY acquired by Facebook

Gunderson Dettmer client GIPHY, a GIF search engine with integrations in thousands of platforms, announced its acquisition by Facebook.

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