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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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May 21, 2019Client News
People.ai raises Series C financing

Gunderson Dettmer client People.ai, an AI platform helping to accelerate enterprise growth, has raised $60 million in a Series C round of funding led by ICONIQ Capital. Andreessen Horowitz, Lightspeed Venture Partners, GGV Capital and Y Combinator also participated in the financing.

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May 21, 2019Client News
Tiger Global invests $100M in Ninjacart

Gunderson Dettmer client Tiger Global has invested $100 million in the India-based agritech startup Ninjacart. Launched in 2015, Ninjacart is a marketing and delivery platform for agricultural produce that has connected farmers from across 20 Indian states with more than 17,000 restaurants and retailers.

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May 17, 2019Firm News
Gunderson Dettmer Named PitchBook’s Most Active Venture Law Firm Globally for the Q1 2019

Gunderson Dettmer is again ranked “most active law firm globally” in PitchBook’s Global Venture Capital League Tables. This result reflects Gunderson Dettmer’s continued market leadership in the venture capital marketplace and reinforces previous recognition as the most active law firm in the world in PitchBook’s 2014, 2015, 2016, 2017 and 2018 annual industry reports.

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May 16, 2019Client News
Accel closes sixth European fund with $575M

Gunderson Dettmer client Accel Partners has announced the closing of its sixth fund out of the firm’s London office with $575 million. The fund will be invested in market-defining early stage companies across Europe and Israel.   

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May 15, 2019Client News
Away raises Series D financing

Gunderson Dettmer client Away, the popular direct to consumer travel brand, has raised $100 million in a Series D round of funding led by Wellington Management Company LLP. Investors Baillie Gifford, Lone Pine Capital and Global Founders Capital participated in the financing. This investment brings the company’s valuation to $1.4 billion.

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May 15, 2019Client News
Frazier Healthcare Partners funds Takeda’s biopharmaceutical venture

Gunderson Dettmer client Frazier Healthcare Partners has led the $90 million financing of a biopharmaceutical firm focused on gastrointestinal issues created by Takeda Pharmaceutical. As part of the deal the new company, Phathom, will have control of development and exclusive commercial rights for an acid blocker known as vonoprazan.

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May 13, 2019Client News
Tiger Global leads $22M Series B financing of Locus

Gunderson Dettmer client Tiger Global has co-led the $22 million Series B financing of India-based Locus with Falcon Edge Capital. Locus, is a platform as a service start-up, founded in 2015 in Bengaluru, which optimizes logistics operations to provide consistency, efficiency & transparency.

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May 8, 2019Client News
Sumo Logic raises late stage financing

Sumo Logic, the world’s leading platform for application development, security and operations, has raised $110M in a Series G round of funding. The financing was led by Battery Ventures with Tiger Global Management, Franklin Templeton and existing investors participating. The round has brought the company’s current valuation to over $1 billion.

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May 7, 2019Client News
Wellness coaching client Noom raises $58M in Series E financing led by Sequoia

Gunderson Dettmer client Noom, a mobile wellness coaching company, has raised $58 million in late stage financing from Sequoia Capital. Aglae Ventures, Jan Koum, Tony Xu, Josh Kushner, Scooter Braun, and Samsung Ventures also participated. The fresh capital will be used to expand Noom’s team and improve the customer experience.

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May 1, 2019Client News
Andreessen Horowitz announces two new funds totaling $2.75B

Gunderson Dettmer client Andreessen Horowitz has announced its sixth flagship fund of $750 million and its new LSV Fund I of $2 billion. Andreessen Horowitz Fund VI will continue the firm’s traditional focus on early-stage enterprise, consumer and fintech companies while LSV Fund I is a specialized late-stage venture fund.

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May 1, 2019Client News
Aryaka raises Series F financing

Gunderson Dettmer client Aryaka, the global leader in managed SD-WAN, has raised $50M in a Series F round of funding led by Goldman Sachs Private Capital Investing. Existing investors include Trinity Ventures, Mohr Davidow Ventures, Nexus Venture Partners, InterWest Partners, Presidio Ventures, Third Point Ventures and DTCP. The fresh funds will be used to scale Aryaka’s business operations, grow revenue and hire additional talent.

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May 1, 2019Client News
HotelTonight acquired by Airbnb

Gunderson Dettmer represented HotelTonight, the popular application for last-minute hotel bookings, in its acquisition by Airbnb.

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May 1, 2019Client News
Psyonix announces acquisition by Epic Games

Gunderson Dettmer client Psyonix, a virtual reality video game developer and company behind the hugely popular Rocket League, has announced its acquisition by Epic Games.

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April 30, 2019Client News
UiPath raises Series D Funding at $7B post-money valuation

Gunderson Dettmer client UiPath, a robotic process automation software company, raised $568 million in a Series D financing that brought the company’s valuation to $7 billion. The round of funding was led by Coatue Management with investors Dragoneer, Wellington, Sands Capital, T. Rowe Price Associates, Accel, CapitalG, Sequoia, IVP and Madrona Ventures also participating.

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April 30, 2019Client News
Union Square Ventures raises $450M in capital commitments for two funds

Gunderson Dettmer client Union Square Ventures has raised $200 million in capital commitments for its 2019 Core Fund and $250 million for its 2019 Opportunity Fund. The funds are the firm’s sixth Core Fund and third Opportunity Fund since launching in 2003; both are larger than the firm’s previous funds which came in at $175 million.

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April 26, 2019Client Alerts
The California Consumer Privacy Act of 2018 & Proposed Amendments

This client alert covers the California Consumer Privacy Act (CCPA) as it exists on April 26, 2019. Even if a company is GDPR compliant, the CCPA imposes new requirements. We expect the CCPA to impact most of our clients when it becomes effective on January 1, 2020.

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April 24, 2019Client News
Pilot raises Series B funding

Gunderson Dettmer client Pilot, a bookkeeping service, has raised $40 million in a Series B financing. The round was led by Index Ventures and joined by Stripe.

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April 23, 2019Client News
Sherlock Biosciences raises $31M

Gunderson Dettmer client Sherlock Biosciences, a company developing CRISPR application methods to make molecular diagnostics more accessible, has raised over $31M in Series A funding from Northpond Ventures, Baidu Ventures, the Open Philanthropy Project and other investors. The fresh capital will be used to advance development programs for Sherlock’s core platform technologies.

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April 22, 2019Client News
Gunderson Dettmer Advises Natera, Inc. on Follow-on Public Offering

Gunderson Dettmer advised Natera, Inc. in a follow-on public offering of 5,263,158 shares at the price to the public of $19.00 per share for a total of $100,000,000 in aggregate gross proceeds. Public Offerings/Public Companies partner Richard Blake, corporate partner John Dietz and associates Owais Mahesri, Cathy Kwon and Anjuli Schlievert led the team advising Natera.

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April 16, 2019Client News
Coupa Software to acquire Exari

Gunderson Dettmer client Coupa Software, a leader in business spend management, has signed a definitive agreement to acquire Exari, a leading provider of contract lifecycle management. The acquisition will extend Coupa’s existing contract management capabilities and bolster its market-leading user applications to maximize value of the Coupa BSM Platform.

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April 10, 2019Client News
Branch International raises Series C financing

Gunderson Dettmer client Branch, a mobile FinTech platform for emerging markets, has raised $170 million in a Series C round of funding led by Foundation Capital and Visa. New investors Greenspring, Foxhaven and B Capital joined existing investors Andreessen Horowitz, Trinity Ventures, Formation 8, the IFC, CreditEase and Victory Parks in the financing.

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