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GV’s new leader’s steady hand
Microsoft continues rapid hiring and investment pace
Leeney leaves Telefonica
Spanish VC firm Kibo Ventures has raised $79m for the first close of its second fund, which it aims to expand to roughly $110m for its final close.
Ideo designs investment firm
KU Leuven researches $67.5m fund
Europe sets up venture markets
Time Warner Investments had made a decent-sized exit from marketing data management software company Krux, which has been acquired for about $700m by Salesforce.
Continental picks up Daimler-backed Zonar
Snap, which rebranded from Snapchat a few weeks ago, is said to be preparing for an IPO that could take place as soon as March 2017, and which could value it at $25bn, a steep jump from the $18bn post-money valuation at which it last raised funding, in May.
Obalon Therapeutics, developer of a gastric balloon to aid weight loss, has meanwhile raised $75m in an IPO that could potentially rise to more than $86m.
Payoneer to break new ground in $180m round
Sumitomo Mitsui Card Company adds investment to Stripe
Connected device network developer Sigfox is also looking to boost its coffers and is looking to raise $100m to $200m in a round that will feature an as yet unnamed Chinese strategic backer, and which will value it at $600m, a 50% jump from its last round in early 2015.
NTT drives Druva’s $51m series E
Rover, the dogsitting marketplace backed by Petco, was rumoured last month to be raising $40m in series E capital from Foundry Group, Menlo Ventures and Madrona Venture Group. Today, the company confirmed the deal, though it didn’t say whether the estimated valuation of $300m was also correct.
Remitly, a mobile remittance services provider that focuses primarily on foreign workers in the US hoping to send money back to family, has added a combined $38m in equity and debt from Silicon Valley Bank and International Finance Corporation to its coffers.
Welltok knocks out $33.7m round
Clearpath reaches corporates for $30m
Online video publishing platform Tout has secured $26m in a series C round backed by sports entertainment provider and partner WWE, after closing a $13.4m round in 2012 that featured a $5m investment from WWE.
Grana targets $10m in Alibaba-backed round
“Funky Chunk” Kevin MacLeod (incompetech.com)
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