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February 4, 2020Client News
Finix raises Series B financing

Gunderson Dettmer client Finix, a payments infrastructure platform for businesses and merchants, announced its $35 million Series B financing. Sequoia Capital led the round, with additional participation by Acrew Capital, Bain Capital Ventures, Activant Capital and Inspired Capital.

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February 4, 2020Client News
Kofile acquired by Audax

Gunderson Dettmer client and market-leading provider of information management and access systems solutions for government agencies has announced its acquisition by Audax, a private equity firm with offices in San Francisco and Boston.

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January 28, 2020Client News
Justworks raises Series E funding

Gunderson Dettmer client and HR technology company Justworks announced its $50 million Series E financing. The round of funding was led by Union Square Ventures and existing investor FirstMark Capital. Bain Capital Ventures, Index Ventures, Redpoint Ventures, Spark Capital, and Thrive Capital also participated in the financing.

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January 22, 2020Client News
Sysdig raises Series E funding

Gunderson Dettmer client and container intelligence platform Sysdig announced its $70 million Series E financing. The latest round of funding was led by Insight Partners. Previous investors Bain Capital Ventures and Accel participated, with Glynn Capital and Goldman Sachs also joining this round.

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January 22, 2020Client News
Two Sigma announces third fund

Gunderson Dettmer client Two Sigma Ventures announced its newest fund with $288 million. The firm is the venture capital arm of Two Sigma Investments, and pursues investments in early stage enterprise, consumer-facing and healthcare-focused companies. 

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January 21, 2020Client News
FloQast raises Series C funding

Gunderson Dettmer client and cloud-based accounting software company FloQast announced its $40 million Series C financing. The fresh round of funding was led by Norwest Venture Partners with participation from Insight Ventures and Polaris Partners.

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January 21, 2020Client News
Storm8 acquired by Stillfront Group

Gunderson Dettmer client and leading mobile mash-up game developer Storm8 announced its acquisition by Stillfront Group, a global group of gaming studios and a market leader in the free-to-play online games genre, for a total upfront consideration of $300 million with up to an additional $100 million if certain targets are met. 

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January 21, 2020Client News
The Athletic raises Series D financing

Gunderson Dettmer client and subscription-based digital sports company announced its $50 million Series D financing. The fresh funding round was led by Bedrock Capital with participation from Emerson Collective, Powerhouse Capital and other existing investors.

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January 17, 2020Client News
LaunchDarkly raises $54M

Feature management platform software company LaunchDarkly,  a Gunderson Dettmer client, announced an additional $54 million in a funding round led by Bessemer Venture Partners. Participating investors included Threshold Ventures, Redpoint Ventures, Uncork Capital, Vertex Ventures and Bloomberg Beta.

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January 16, 2020Client News
Frazier Healthcare Partners closes $617M Life Sciences Fund

Gunderson Dettmer client and Seattle-based growth and venture capital firm Frazier Healthcare Partners has announced closing its latest and largest Life Sciences fund with $617 million of committed capital. The firm’s twelfth  fund, the third dedicated life sciences fund, will continue its three-pronged strategy of investing in company creation, early-stage and late private/public opportunities.

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January 16, 2020Client Alerts
Schedule 13G / Schedule 13F Filings, Form 13H Annual Update Filings and Reminder of Form ADV Annual Updating Amendment Requirements

The annual deadline for filing certain initial Schedules 13G, an amendment to a previously filed Schedule 13G, an initial Schedule 13F filing, and an annual update to a previously filed Form 13H with the Securities and Exchange Commission (the “SEC”) for the year ended December 31, 2019 is Friday, February 14th. As you may remember from prior years, all Schedule 13G and 13F filings, including amendments, and Form 13H filings, including annual updates, must be filed electronically through EDGAR. As a result, we will be working with a financial printer in connection with these Section 13 filings.  Finally, we would like to give our clients who have previously filed a Form ADV with the SEC a reminder that your firm will be required to file an annual updating amendment to such Form ADV by the deadline of Monday, March 30th.
 

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January 9, 2020Client News
Element Biosciences raises Series B financing

Gunderson Dettmer client and DNA sequencing technology company Element Biosciences has raised $80 million in a Series B financing. The funding round included investors Fidelity Management & Research Company, JS Capital, Foresite Capital and Venrock.

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December 19, 2019Client News
Volition Capital raises $600M in two funds

Gunderson Dettmer client and growth equity firm Volition Capital announced its latest funds, totaling $600 million. The Boston-based firm raised $400 million for Volition Capital Fund IV, L.P., and $200 million for its first select fund, Volition Capital Select Fund I, L.P.

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December 18, 2019Client News
Tusk Venture Partners announces second fund

Gunderson Dettmer client Tusk Venture Partners announced the final close of its second fund, TVP II, L.P. with a fund size of $70 million. The New York-based venture capital firm invests in technology startups operating in highly-regulated markets.

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December 16, 2019Client Alerts
AB 5 and the New "ABC" Test for California Employee and Independent Contractor Classifications

On September 18, 2019, California Governor Gavin Newsom signed into law Assembly Bill 5 (“AB 5”), which will bring sweeping changes to the manner in which workers in California are classified as either independent contractors or employees when the new law goes into effect on January 1, 2020. AB 5 generally follows the “ABC” test that the California Supreme Court adopted in its 2018 ruling in Dynamex Operations West, Inc. v. Superior Court of Los Angeles (“Dynamex”), with certain notable exceptions for a small number of specific occupations and industries. 

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December 12, 2019Firm News
Gunderson Dettmer Announces New Partners

Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP has elected seven new partners, effective January 1, 2020. The new partners are a diverse group and represent three different practice groups and three different U.S. offices.

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December 9, 2019Client News
Verogen acquires GEDmatch

Gunderson Dettmer client and forensics genomics company Verogen has acquired GEDmatch, a pioneer in consumer genealogy.

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December 4, 2019Client News
Kustomer announces Series E funding

Gunderson Dettmer client and enterprise customer service platform Kustomer raised $60 million in Series E funding. The financing was led by Coatue with participation from existing investors Tiger Global Management and Battery Ventures.

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December 3, 2019Client News
Konfio announces $100M in funding

Gunderson Dettmer client and Mexican small-business lender Konfio raised $100 million in a new financing. The funding round was led by SoftBank and with participation from existing investors QED Investors, Kaszek Ventures and Vostok Emerging Finance Ltd.

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November 27, 2019Client Alerts
NYSE Proposes Rules to Expand Permitted Direct Listings

The New York Stock Exchange LLC (“NYSE”), on November 26, 2019, proposed a rule change which would permit a company to sell shares in connection with its direct listing as well as make the direct listing process easier for more companies.

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November 26, 2019Client News
Tray.io raises Series C funding

Gunderson Dettmer client and enterprise automation workflow integration company Tray.io announced its $50 million Series C financing. The funding round was led by Meritech Capital with participation from Spark Capital, GGV Capital, and True Ventures.

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November 25, 2019Client News
Frame.io raises Series C funding

Gunderson Dettmer client and leading video review and collaboration platform Frame.io announced its $50 million Series C financing. The funding round was led by Insight Partners and included participation from Accel, FirstMark, SignalFire and Shasta Ventures.

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November 22, 2019Client News
VTEX raises $140M in fresh funding

Gunderson Dettmer client and cloud-based e-commerce support platform VTEX announced a $140 million financing. The funding round was led by SoftBank, via its Latin America fund, with participation from Gávea Investimentos and Constellation Asset Management.

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