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.
Gunderson Dettmer client and payment record tracking app for merchants OkCredit has raised a $67 million Series B financing. The round of funding was led by Lightspeed and Tiger Global.
Gunderson Dettmer client and AI-powered data wrangling company Trifacta has announced its latest $100 million round of funding. The financing included new investors Telstra Ventures, Energy Impact Partners, NTT DOCOMO Ventures, BMW iVentures and ABN AMRO Digital Impact Fund. Existing investors Accel Partners, Cathay Innovation, Google, Greylock Partners, Ignition Partners and Infosys also participated. The company plans to use the fresh funds for accelerated expansion into new geographies, verticals and product areas.
Gunderson Dettmer client Grove Collaborative, a human and environmental health conscious consumer goods company, has raised a $150 million Series D financing. The funding round was led by Lone Pine Capital, General Atlantic and Glynn Capital with participation from Greenspring Associates, Norwest Venture Partners, Mayfield Fund, NextView Ventures, MHS Capital and Heron Rock Capital.
Gunderson Dettmer client OpenGov, the leader in enterprise cloud solutions for government, announced its $51 million Series D funding. The financing round was led by Weatherford Capital and 8VC, with participation from existing investor Andreessen Horowitz.
Leading consumer credit health management platform and Gunderson Dettmer client Credit Sesame has raised $43 million in equity and debt funding. ATW Partners led the equity financing.
PitchBook data from the first two quarters of 2019 shows Gunderson is the #1 most active law firm globally for venture and growth equity deals for the first half of the year. This result confirms 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.
Gunderson Dettmer client Credijusto, a Mexico City-based fintech company offering asset-backed loans and equipment leases to small and medium businesses, has announced its $42 million Series B financing. The round was led by Point72 Ventures and Goldman Sachs PSI and included new investors Thomvest Ventures, Wolfson Group, Third Lake Capital and Argo Ventures as well as existing investors Kaszek Ventures, QED Investors, Broadhaven Capital Partners, John J. Mack and Supernode Ventures.
Gunderson Dettmer client and FreshToHome, a Bengaluru-based fish and meat delivery company, announced that it raised US$20 million in a Series B round led by venture growth fund Iron Pillar. Joe Hirao, the founder of ZIGExN, also participated.
Gunderson Dettmer acted as legal counsel to Tiger Global in its $15 million investment in Indian wealth management platform INDwealth. The company, led by founder and CEO Ashish Kashyap, the former founder and CEO of Ibibo which was acquired by MakeMyTrip, enables consumers to track and organize financial investments, expenses, loans and taxes over one platform.
Gunderson Dettmer client and open source leader in artificial intelligence and machine learning H20.ai has raised $72.5 million in a Series D financing. The round was led by Goldman Sachs and the Ping An Global Voyager Fund with participation from Wells Fargo, NVIDIA and Nexus Venture Partners.
Gunderson Dettmer client Simon Data, an enterprise marketing technology platform, announced its Series C financing of $30 million. The funding round was led by Polaris Partners with participation from existing investors .406 Ventures and F-Prime Capital.
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