Venture Capital: Big Ticket Funding Rounds Of Note
From instant grocery deliveries to weight care management, investors shelled out hundreds of millions of dollars in funding rounds.
Gopuff
Gopuff, an instant grocery delivery startup, has raised $1.5 billion with a potential valuation of up to $40 billion. Led by Guggenheim Partners, the raise is in the form of a convertible note, leading to speculation that the Philadelphia-based company is prepping for a 2022 IPO. Gopuff recently launched in London and New York. (Axios)
Clikalia
Spanish proptech Clikalia, founded in 2018 for providing a digital service for buying and selling homes, raised $518 million in debt and equity. The equity round of $70 million was led by Fifth Wall and saw participation from Luxor Capital and Mouro Capital. Deutsche Bank funded debt of about $450 million.
“It’s a massive market, and the process of selling a home in Europe and Spain specifically is extraordinarily time consuming, expensive and inconvenient,” said Miguel Nigorra, partner and head of Europe for Fifth Wall to TechCrunch. “We’re excited about the technology angle Clikalia is bringing to a very old fashioned vertical in the real estate market.”
Rokt
Rokt raised a USD$325 million Series E funding round led by Tiger Global that valued the startup at USD$1.95 billion. Wellington Management, Whale Rock Capital Management, Pavilion Capital and existing shareholder Square Peg also participated in the funding.
Rokt is leading ecommerce technology using AI and machine learning to make transactions more relevant to each shopper.
“Customers are demanding a more relevant ecommerce experience and businesses need to ensure they have the right economics to be able to grow,” said Bruce Buchanan, CEO of Rokt. “Our technology solves these two problems by optimizing every element of the transaction moment, both for relevancy and value for each individual customer, enabling digital businesses to remove irrelevant clutter and double their profitability. (CISION PR Newswire)
Cockroach Labs
Cockroach Labs, makers of CockroachDB, raised a $278 million Series F round that valued it at $5 billion. The funding was led by Greenoaks with participation from Altimeter, Bond, Benchmark, Coatue, FirstMark, GV, Index Ventures, J.P. Morgan, Lone Pine Capital, Redpoint Ventures and Tiger Global.
The New York City-based company has now raised $633 million to date. The latest funding investment comes as cloud spending has taken off, as companies’ digital transform themselves following the global pandemic. (TechCrunch)
Found
Found, a San Francisco, CA-based modern weight care platform, raised $100M in Series B funding led by WestCap, with participation from IVP, The Chernin Group, G9 Ventures, and Able Partners, as well as existing investors at GV, Define and founding investor Atomic, angel investors Fidji Simo, CEO of Instacart, and Julia Cheek, CEO of Everly Health. (FINSMES)
Found is a comprehensive solution for personalized, lasting weight care that addresses the missing link in the existing weight loss market, biology. With doctors, nurses, coaches, and a supportive community, the company is equipping Americans with the resources they need, including FDA approved medication and individual coaching, to achieve lasting weight loss.
Related Story: The Pandemic-Triggered Shift To Cloud Boosts Growth At Cockroach Labs
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