Domo emerges from stealth with $200m funding, $2bn valuation

Business management platform Domo has emerged from stealth with a $200 million Series D financing round, at a valuation of $2 billion. The round was led by BlackRock, with participation from Capital Group, Glynn Capital Management and previous investor GGV Capital. The company has now publicly unveiled its cloud-based platform, after raising more than $450 million to date. “No one has been able to make BI work, especially that last mile of making data directly available to the business user,” said Josh James, Domo founder and CEO. “Domo makes that last mile a reality. We’ve built five distinct products and brought them together in one elegant platform to simplify for business users the entire process of accessing and leveraging business data.”

Taxi-hailing service Ola has raised $314 million in a round of funding led by DST Global, a company filing showed. Accel Partners, Tiger Global and Steadview Capital also participated in the round. The India-based company previously raised $210 million in October and last month bought rival TaxiForSure for $200 million.

Prosper Marketplace, which operates a peer-to-peer lending marketplace, has raised a $165 million Series D financing round, led by Credit Suisse NEXT Investors. J.P. Morgan Asset Management, SunTrust Banks, a subsidiary of USAA, BBVA Ventures, Neuberger Berman Private Equity Funds, Passport Capital, Breyer Capital, and others participated. The company will use the funds for expansion and development of new products. “This investment is a testament to the efforts of our entire team in changing how people experience access to credit,” said Aaron Vermut, chief executive officer at Prosper Marketplace. “The explosion of interest in P2P lending demonstrates that a shift is in progress in the way that consumers borrow and lend. This new funding will help us scale the business to meet this growing awareness and demand.”

Urban Ladder, an India-based e-commerce store for furniture and home accessories, has raised $50 million in new funding led by Sequoia Capital and TR Capital. Steadview Capital, SAIF Partners and Kalaari Capital also participated. The company has now raised $77 million since being founded in July 2012.