Gunderson Dettmer client Kyligence, a Shanghai-based data analytics company, has raised $25 million in Series C funding. The round was led by Coatue Management with existing investors Redpoint Ventures, Shunwei Capital and Eight Roads Ventures participating. The company plans to invest the fresh capital in its core technology and products as well as integration with other intelligence providers.
Newsela, a developer of an e-learning platform featuring student-tailored news and instructional content, has raised $50 million in Series C funding. The round was led by Technology Crossover Ventures.
NGINX, the company behind the popular open source project for developing and delivering modern applications, has agreed to be acquired by F5 Networks for approximately $670 million. F5 delivers cloud and security application services that enable the world’s largest companies, service providers and governments to embrace the infrastructure they choose.
Boston-based Wavecrest Growth Partners has closed their first with more than $190 million in commitments. Contributions from public pension funds, endowments and foundations, fund-of-funds, insurance companies and family offices were received for the fund.
Contrast Security, a cybersecurity platform designed to protect application software, has raised a $65 million Series D round of funding. The financing was led by new investor Warburg Pincus with existing investors Battery Ventures, General Catalyst, M12, AXA Venture Partners and Acero Capital participating.
Gunderson Dettmer client DoorDash has raised $400 million in Series F funding in a round led by Temasek and Dragoneer Investment Group. Existing investors SoftBank, DST Global, Coatue Management, GIC, Sequoia Capital and Y Combinator also participated in the financing. The funding came at a $7.1 billion valuation.
GoCardless, an online-payment platform network built for international recurring payments, has raised $75 million in Series E funding. The financing round was led by new investors Adams Street Partners, GV and Salesforce with participation from existing investors Accel, Balderton Capital, Notion Capital and Passion Capital.
Gunderson Dettmer client Gimlet Media was acquired by Spotify. Gimlet Media is the developer of a digital media platform that produces podcasts and enables listeners to engage in the podcasting community.
TuSimple, a global autonomous trucking solutions company, has raised $95 million in Series D funding at a $1 billion pre-money valuation. The financing round was led by Sina Group and Composite Capital.
Zilingo, a Singapore-based fashion platform, recently raised over $200 million from investors including Sequoia Capital India and Temasek Holdings Pte.
Gunderson Dettmer represented Lyndra Therapeutics, a developer of orally administered steady-state release pill, when it raised $55M in a Series B financing. The round of funding was led by Polaris Partners, with new investors HOPU Investments, Gilead Sciences, Invus, the Bill & Melinda Gates Foundation and Orient Life.
Globality, an AI-powered smart sourcing platform for large companies to find and manage service providers around the world, secured an investment of $100 million from the SoftBank Vision Fund.
Gunderson Dettmer acted as legal counsel to Pluto TV, a free ad-supported streaming service with 12 million monthly active users, in its acquisition by Viacom for $340M in cash.
Viking Global has co-led a $299.2M financing round for BridgeBio with KKR. Other existing investors including Perceptive Advisors, AIG, Aisling Capital, Cormorant Capital and Hercules Capital participated. BridgeBio, a clinical-stage biopharmaceutical company focused on genetically targeted therapies, was founded in 2015 and had previously raised $149M. The company will use the fresh capital to support its existing research and development programs as well as expand its efforts to rapidly develop new medicines.
Plaid, a developer of a financial and banking services platform, has acquired Quovo. Quovo runs a similar platform on the investments side of the financial services business.
Seismic, a developer of end-to-end sales enablement software, closed a $100M Series E round of funding. Investor Lightspeed Venture Partners led the round, with General Atlantic, JMI Equity and Jackson Square Ventures also participating.
InVision, a digital design collaboration platform, has raised $115 million. The Series F round was led by Spark Capital with the participation of Goldman Sachs and existing investors including Battery Ventures, ICONIQ Capital, Tiger Global Management, FirstMark Capital and Geodesic Capital.
Developer of financial and banking services platform, Plaid, raised $250 million in a Series C led by Kleiner Perkins with Spark Capital, New Enterprise Associates, Goldman Sachs and Index Ventures (UK) participating. The company is now valued at $2.65 billion, more than ten times its valuation in June 2016.
ChargePoint, a client of Gunderson Dettmer, secured a Series H financing of $240 million bringing their total funding raised to more than half a million dollars. This round of funding comes from a diverse group of new investors including American Electric Power, Canada Pension Plan Investment Board, Chevron Technology Ventures, Clearvision, Daimler Trucks & Buses, GIC and Quantum Energy Partners. Existing investors include BMW iVentures, Braemar Energy Ventures, Linse Capital and Siemens.
Gunderson Dettmer represented Kleinfelder Group, an engineering, construction management, design and environmental professional services firm, in its definitive agreement to be acquired by WindPoint Partners, a private equity investment firm.
Poynt, a connected commerce platform for merchants, raised $100M in Series C funding from Elavon and National Australia Bank (NAB). As stated in the press release, "with this investment, the company will expand into new markets across Asia, Europe and South America, grow its talent base, and invest in product and partner development as it executes its vision to become the operating system (OS) on smart payment terminals worldwide."
Turvo, the world’s first real-time collaborative logistics platform, has closed a Series B financing with $60M led by Mubadala Ventures.
Gunderson Dettmer client Pillow was acquired by Expedia as part of the global travel company’s strategy to unlock urban growth opportunities.
Gunderson Dettmer advised Anaplan, Inc. on its initial public offering of 17,825,000 shares at the price to the public of $17.00 per share for a total of $303,025,000 in aggregate gross proceeds.
Gunderson Dettmer advised Histogenics Corporation on a follow-on public offering underwritten public offering of 26,155,000 shares of its common stock and warrants to purchase up to 19,616,250 shares of common stock, at a combined purchase price of $0.65 per share of common stock and accompanying warrant, for a total of $17,000,750.00 in aggregate gross proceeds.
Gunderson Dettmer advised Aldeyra Therapeutics, Inc. on a follow-on public offering of 5,250,000 shares at the price to the public of $13.75 per share for a total of $72,187,500 in aggregate gross proceeds. Corporate partner Jay Hachigian, of counsel Keith Scherer, and associates Albert Vanderlaan, Naomi Smith and John Maciejewski led the team advising Aldeyra.
TalkDesk, a provider of cloud-based contact center software, raised a Series B financing of $100M with a valuation of over $1B. Investors in this round of funding included lead investor Viking Global and existing investor DFJ.
Real estate platform Compass has raised $400 million in a Series F round of funding to help grow its domestic business as well as open internationally. The deal, led by Softbank’s Vision Fund and Qatar Investment Authority, has the company valued at $4.4 billion; double its valuation from last year.
Gunderson Dettmer served as lead counsel to Compass in $400 million Series F financing round.
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