Gunderson Dettmer client and cloud-based data management and visualization platform for hosting school data Schoolzilla has announced its acquisition by Renaissance, a global leader in education assessment, reading and math solutions for pre-K-12 schools.
Gunderson Dettmer client and networking and security system provider announced its $40 million Series C financing. The round of funding was led by CRV with existing investors Formation 8, Ignition Partners and Liberty Global Ventures participating.
Gunderson Dettmer client and real estate loan investment platform PeerStreet has raised $60 million in a Series C financing. The round of funding was led by Colchis Capital with existing investors including Andreessen Horowitz, World Innovation Lab and Thomvest Ventures participating.
Gunderson Dettmer client Tiger Global led the $70 million Series D financing of Weave, a leader in customer communication tools. Existing investors including Catalyst, Bessemer, Crosslink, Pelion and LeadEdge also participated in the round.
Gunderson Dettmer client Tiger Global led the $30 million Series C financing of Chinese electronic invoicing company Ekuaibao. Additional investors DCM and Future Capital joined the round.
Gunderson Dettmer advised Natera, Inc. in a follow-on public offering of 5,714,286 shares at a price to the public of $35.00 per share for a total of $200 million in aggregate gross proceeds. Capital markets partners Jeff Vetter and Jeff Thacker, corporate partner John Dietz and associates Ryan Gunderson, Cathy Kwon and Anjuli Schlievert led the team advising Natera.
Gunderson Dettmer client New Enterprise Associates participated in the $105 million Series B funding of Instabase, a business applications platform.
Gunderson Dettmer client Tiger Global led the $212 million Series E financing of Taimei, a China-based provider of software that serves pharmaceutical companies and clinical research organizations. Additional investors SoftBank China, Morningside Venture Capital, Cowin Venture, SAIF Partners, China’s Zheshang Venture Capital and Ivy Capital joined the round.
Gunderson Dettmer client and network traffic analysist company Corelight has raised $50 million in a Series C financing. The funding round was led by Insight Partners and Accel.
Gunderson Dettmer client and North Carolina-based product cloud company Pendo has raised $100 million in a Series E financing. The funding round was led by Sapphire Ventures with participation from General Atlantic, Tiger Global, Battery Ventures, Meritech Capital, FirstMark, Geodesic Capital and Cross Creek. The company’s valuation is now $1 billion.
Gunderson Dettmer client Tiger Global co-led the Series A financing round of UrbanPiper, a Bangalore-based restaurant management platform, together with Sequoia India.
Gunderson Dettmer client Club factory, a China-based fashion, beauty and lifestyle e-commerce store, has raised $100 million in a Series D round of financing to expand its platform in India. The round was led by leading venture capital firm Qiming Venture Partners.
Gunderson Dettmer client and grocery delivery platform Cornershop announced its acquisition by Uber. Cornershop is active in Chile, Mexico, Peru and Canada and Uber plans to add other markets including the United States.
Gunderson Dettmer client and revenue operations platform Clari announced the closing of its $60 million Series D financing. The round of funding was led by Sapphire Ventures with participation from Madrona Venture Group, Sequoia Capital, Bain Capital and Tenaya Capital.
Gunderson Dettmer client and digital content and brand platform POPSUGAR announced its acquisition by Group Nine Media, owner of media brands including Thrillist, The Dodo, NowThis and Seeker.
Yunyinggu, a chip manufacturing and trading joint venture company which has business operation in Mainland China and Taiwan, has announced its Series C funding. The round was led by Gunderson Dettmer client Qiming with investors Qualcomm Ventures and Northern Light Venture Capital joining.
Gunderson Dettmer client and female-centered digital media and entertainment company Refinery29 has announced its acquisition by Vice Media.
Gunderson Dettmer acted as counsel to Lightspeed Venture Partners and Altimeter in the $585 million Series D financing of Udaan, a network-centric B2B trade platform based in Bangalore.
On September 26, 2019, the Securities and Exchange Commission (the “SEC”) announced that it had adopted a new rule that will allow all issuers to take advantage of the “test-the-waters” accommodation. Under the new rule, all issuers will be allowed to gauge market interest in a possible initial public offering or other registered securities offering through discussions with certain institutional investors prior to, or following, the filing of a registration statement. Prior to the new rule, only emerging growth companies or “EGCs” were permitted to “test-the waters” and these discussions could only occur prior to an initial public offering.
Gunderson Dettmer client Tiger Global led the Series C2 financing round of NoBroker, a Bangalore-based real estate property operator. Existing investor General Atlantic also participated.
Gunderson Dettmer client and enterprise risk management leader Kenna Security has raised $48 million in a Series D financing. New investors Sorenson Capital and Citi Ventures participated along with existing investors Bessemer Venture Partners, U.S. Venture Partners, Cosanoa Ventures, Hyde Park Angels and OurCrowd.
Gunderson Dettmer client and Bangalore-based digitized bookkeeping and payments platform Khatabook announced a $25 million Series A financing. The round of funding came from investors including GGV Capital, Partners of DST Global, RTP Global, Sequoia India, Tencent and Y Combinator. Angel investors including Gokul Rajaram of Square, James Viraldi of TikTok, Aditya Agarwal of Dropbox, Sriram Krishnan of Twitter, Sriram Krishnan of HeadSpin, Akshay Kothari of Notion, Amrish Rau of PayU, Anand Chandrasekharan, Deep Nishar of SoftBank, Jitendra Gupta of Lazy Pay, Kunal Bahl of SnapDeal and Kunal Shah of CRED also participated in the round.
Gunderson Dettmer client and China-based AI corporate services provider Recurrent.ai raised a $10 million Series A financing. The funding round was led by ZhenFund and included investors GSR Ventures, Eminence Ventures and WestSummit Capital.
Gunderson Dettmer client and self-driving truck company announced its $70 million Series C financing. The fresh funding round was led by Tiger Global with participation from Sequioa, DCVC, YCombinator, SV Angel, Maven Ventures, OMERS Ventures and Mubadala Ventures.
Gunderson Dettmer client Sentry, provider of a real-time crash reporting tool, has announced its $40 million Series C financing. Investors Accel and New Enterprise Associates participated in the round. The fresh capital will be used for accelerating product development and marketing efforts and team growth.
Gunderson Dettmer client Vox Media has announced its definitive agreement to merge with New York Media. The merger will combine the publisher of New York Magazine with the ten year old modern media brand. The new Vox Media will have a combined portfolio of Curbed, The Cut, Eater, Grub Street, Intelligencer, Polygon, Recode, SB Nation, The Strategist, The Verge, Vox and Vulture, reaching hundreds of millions of people.
Gunderson Dettmer client Automattic, the open source blogging platform and WordPress operator, has announced its $300 million Series D financing. The sole investor of the round was Salesforce Ventures.
San Francisco partner Brian Patterson was honored by the Daily Journal as one of its Top 100 Lawyers in California for 2019.
Gunderson Dettmer client Semmle, a software engineering analytics company, has announced its acquisition by GitHub, a provider of engineering collaboration system.
Gunderson Dettmer client and autonomous driving company TuSimple announced its $120 million Series D financing. These fresh funds are part of an extended Series D round that has reached a total of $215 million. The new round includes investor UPS, CDH Investments and Mando Corporation and the Series D round was led by SINA.
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