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August 12, 2019Client News
Lucidworks raises $100M

Gunderson Dettmer client and leader in AI-powered search solutions Lucidworks has announced a $100 million investment from investors including Francisco Partners and TPG Sixth Street Partners.

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August 9, 2019Client Alerts
Gunderson Dettmer Partner Dan Green Discusses SoftBank's Impact in Mexico

In this article, Dan Green discusses SoftBank's impact on the Venture Capital market in Mexico with Reuters. He shares insight on how SoftBank's investments in Mexican companies changing the region's entrepreneurial ecosystem. Dan is the co-head of Gunderson's Latin America practice group and specializes in international Venture Capital transactions.

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August 7, 2019Client News
RoosterBio raises $15M

Gunderson Dettmer client RoosterBio, a cell manufacturing platform technology company focused on sustainable regenerative medicine, has raised $15 million in Series B funding. The initial Series B round was led by Dynamk Capital and the company expects to close with additional investors later this month. The fresh funds will be used to expand and scale the RoosterBio team.

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August 6, 2019Client News
Cockroach Labs raises Series C funding

Gunderson Dettmer client Cockroach Labs, a provider of an open source database for building durable cloud services, has announced its $55 million Series C financing. The round was led by Altimeter Capital, Tiger Global and GV with existing investors Benchmark, Index Ventures, Redpoint Ventures, FirstMark Capital and Work-Bench participating.

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August 6, 2019Client News
PromoteIQ acquired by Microsoft

Gunderson Dettmer client and automated vendor marketing platform PromoteIQ has announced its acquisition by Microsoft.

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July 30, 2019Client News
Compass raises $370M in Series G funding

Gunderson Dettmer client and real estate platform Compass has announced $370 million in fresh funding. Previous investors including Canada Pension Plan Investment Board, Dragoneer, SoftBank Vision Fund and Qatar Investment Authority participated in this Series G financing round, which brought the company’s valuation to $6.4 billion.

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July 24, 2019Client News
TScan Therapeutics announces $48M in funding

Gunderson Dettmer client TScan Therapeutics, a company dedicated to unleashing the power of the immune system through life-changing T cell therapies, has announced its Series B financing of $48 million.  Novartis Venture Fund, Novartis Institutes for BioMedical Research (NIBR), Bessemer Venture Partners, GV and founding investor Longwood Fund participated in the round.

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July 18, 2019Client News
Valar Ventures invests in N26’s Series D extension

Gunderson Dettmer client Valar Ventures participated in the $170 million Series D-1 financing of mobile banking services company N26. Other investors in the round included existing investors Insight Venture Partners, GIC, Tencent, Allianz X, Earlybird Venture Capital and Greyhound Capital.  This extension round followed N26’s Series D funding that closed in January of this year.

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July 17, 2019Client News
Pyxis Oncology raises $22M

Gunderson Dettmer client Pyxis Oncology, a newly formed immuno-oncology company, announced its $22 million Series A financing. The round of funding was led by Leaps by Bayer and included Agent Capital, Ipsen and Longwood Fund.

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July 16, 2019Client News
Finix announces Series A funding

Gunderson Dettmer client Finix has announced its $17.5 million Series A funding. Bain Capital Ventures led the round with Visa, Insight Partners and Aspect Ventures joining as new investors and Homebrew, Precursor Ventures, Act One Ventures and Village Capital continuing their support.

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July 15, 2019Client News
Monk’s Hill leads Series B financing of Glints

Gunderson Dettmer acted as counsel to Monk’s Hill in its Series B investment of Singapore-based hiring platform Glints. The round totaled $6.8 million and included other participating investors MindWorks Ventures, Fresco Capital and Wavemaker Partners. The fresh capital will be used to grow Glint’s product and engineering teams and expand into Vietnam and Hong Kong.

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July 11, 2019Client News
OneTrust raises $200M

Gunderson Dettmer client OneTrust, a developer of privacy management software, has raised $200 million in a round of funding led by Insight Partners. The Series A round brings the company’s valuation to $1.3 billion just three years after its founding.

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July 10, 2019Client News
Anchorage raises $40M

Gunderson Dettmer client Anchorage has raised $40 million in Series B funding in a round led by Blockchain Capital. Visa and Andreessen Horowitz also participated in the round.

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July 10, 2019Client News
Naspers-owned PayU acquires Wibmo

Gunderson Dettmer acted as lead counsel to Naspers-PayU in its acquisition of Wibmo. PayU, an online payment processing service focusing on emerging markets that was acquired by Naspers in 2010, made the $70 million acquisition to expand its business in India. US-based Wibmo offers a range of payment processing services and operates primarily in India.

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July 9, 2019Client News
Lyndra Therapeutics to collaborate with Gilead Sciences

Gunderson Dettmer client Lyndra Therapeutics has entered into a partnership agreement with Gilead Sciences to develop and commercialize ultra-long-acting oral HIV therapies. Gilead with have exclusive rights to Lyndra’s therapeutics platform for ultra-long-acting formulations related to HIV.

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July 1, 2019Client News
Susa Ventures raises $140 million for two new funds

Gunderson Dettmer client Susa Ventures, a six year old seed-stage venture firm based in San Francisco, recently raised $140 million for two new funds:  $90 million early-stage fund Susa Ventures III and a $50 million opportunity fund. The firm has invested in companies including Flexport, Robinhood, Expanse and Andela.

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June 26, 2019Client News
StockX raises $110 million, valued over $1 billion

Gunderson Dettmer client StockX, a Detroit-based online marketplace for sneakers, streetwear and luxury goods, has announced a $110 million financing putting the company’s valuation over $1 billion. Investors in the round included General Atlantic, DST Global and GGV Capital.

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June 24, 2019Client News
Blend Labs raises $130 million in Series E

Gunderson Dettmer advised client Blend Labs, a leader in digital lending technology, in its $130 million Series E. Temasek and General Atlantic led the financing and existing investors 8VC, Founders Fund, Greylock Partners and Lightspeed Venture Partners also participated.

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June 20, 2019Client News
Druva raises $130M in late stage financing

Gunderson Dettmer client Druva, the leader in cloud data protection and management, has raised $130 million. The funding round was led by Viking Global Investors and included participation from funds advised by Neuberger Berman and Atreides Management as well as existing investors Riverwood Capital, Tenaya Capital and Nexus Venture Partners.

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June 18, 2019Client News
Postman raises $50M

Gunderson Dettmer client Postman, a company simplifying development, tests and management of APIs with its platform, has raised $50 million in Series B funding. The financing was led by CRV and included participation from existing investors Nexus Venture Partners.

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June 14, 2019Client News
Quartet raises Series D financing

Gunderson Dettmer client Quartet, a pioneering healthcare technology company striving to improve the lives of people with mental health conditions, has announced its $60 million Series D financing and strategic partnership with Centene Corporation. Centene led the round with participating investors including F-Prime Capital Partners, GV, Oak HC/FT and Polaris Partners.

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June 10, 2019Client News
OkCredit raises Series A funding

Gunderson Dettmer client and payment record tracking app for merchants OkCredit has raised a $15.5M Series A financing. The round was led by Tiger Global with Morningside Venture Capital, Lightspeed India Partners, Venture Highway and Y Combinator also participating.

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May 29, 2019
Kustomer raises Series D funding

Gunderson Dettmer client Kustomer, the SaaS platform that is reimagining CRM software, has raised an additional $40 million in Series D funding. The financing was led by Tiger Global Management with participation from Battery Ventures.

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May 27, 2019Client News
FreshToHome raises $11 million in Series A funding

Gunderson Dettmer client FreshToHome, a Bengaluru-based fish and meat delivery company, announced its $11 million Series A financing round led by CE Ventures.  Das Capital, Kortschak Investments, TTCER Partners, Al-Nasser Holdings and M&S Partners also participated in the round. Some of the individual backers of FreshToHome include Rajan Anandan, the former head of Google Southeast Asia, David Krane, CEO of GV, and Mark Pincus, chairman of Zynga.

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May 23, 2019Client News
DoorDash raises Series G financing

Gunderson Dettmer client DoorDash has raised $600 million in Series G funding. The round welcomed new investors Darsana Capital Partners and Sands Capital along with existing investors Coatue Management, Dragoneer, DST Global, Sequoia Capital, Softbank Vision Fund and Temasek. The funding brings the popular on-demand food ordering platform’s valuation to $12.6 billion.

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May 23, 2019Client News
Mafengwo raises $250M in growth financing

Gunderson Dettmer client Mafengwo, a Beijing-based online tourism platform, has raised $250 million in a round of funding led by Tencent. General Atlantic, Qiming Venture Partners, Yuantai Evergreen Investment Partners, NM Strategic Focus Fund and eGarden Ventures also participated in the round.

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May 21, 2019Client News
Coatue Management leads Series E financing of Marqeta

Gunderson Dettmer client Coatue Management has led the $260 million Series E financing of Marqeta, the leading global modern card issuing platform. The round brought the company’s valuation to nearly $2 billion. Other investors participating in the round included Vitruvian Partners, Spark Capital, Lone Pine Capital and Geodesic.

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