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.
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.
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.
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.
Gunderson Dettmer client and automated vendor marketing platform PromoteIQ has announced its acquisition by Microsoft.
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.
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.
Gunderson Dettmer advised pdvWireless, doing business as Anterix, in a follow-on public offering with aggregate gross proceeds of approximately $100 million. The offering was upsized from the previously announced $85 million of common stock.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Gunderson Dettmer advised Coupa Software Incorporated in a Rule 144A offering of $805 million aggregate principal amount of convertible senior notes due 2025, including the underwriters’ exercise of an option to purchase additional notes.
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.
Gunderson Dettmer client Tiger Global has led the $50 million financing of the Brooklyn-based B2B productivity platform Litify.
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.
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.
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.
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.
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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