Funding
WeWork which provides shared office space for creative people and companies, has raised $355 million in funding at a $5 billion valuation, the Wall Street Journal reports. It has also been reported that the company plans an IPO within the next two to three years. WeWork was founded in 2010 and previously raised funds in January 2012 when it secured a $6.85 million round. Funds and accounts managed by T. Rowe Price Associates, clients of Wellington Management and Goldman Sachs Group co-led the round. J.P. Morgan Chase, Harvard Management and Benchmark, all previous investors, also participated.
Payment technology company Adyen has closed a $250 million round of funding. General Atalantic led the investment, with participation from Temasek, Index Ventures and Felicis Ventures. Adyen provides a global platform for online, mobile and in-store payments. “In a world where consumers from different regions vary in how they prefer to pay for their goods and services, the leading online merchants depend on Adyen to power global commerce,” said Pieter van der Does, CEO, Adyen. “We are proud to be the preferred partner to work with global businesses, and we are seeing a surge in demand across retail, travel, gaming, advertising, transportation and social media. Adyen has built a 21st century payment platform that is far ahead of the competition.”
Series B
Clever, which provides an educational app platform, has raised $30 million in a Series B round of funding led by Lightspeed Venture Partners, Sequoia Capital, GSV Capital and Peter Thiel. The company will use the funds to meet increasing demand for the app platform, which is used by more than 30,000 schools, according to Clever. “Along with the many benefits the new world of digital learning offers schools, teachers and students; it also presents new challenges. Our mission at Clever is to build the modern learning platform that simply makes it all work,” said Clever CEO Tyler Bosmeny. “With this new funding, schools can count on Clever being around forever, as a trusted partner that understands their technology needs and always puts student learning first.”
Series C
Identity management startup OneLogin has closed a $25 million Series C investment round, led by Scale Venture Partners. Previous backers CRV and The Social + Capital Partnership also participated. OneLogin, which has raised a total of $44 million to date, will use the funds to accelerate its R&D, marketing and sales efforts. “This additional funding is a great vote of confidence in OneLogin’s vision of how companies will put identity first, as well as in the long-term potential of our company to fuel innovation and prepare our customers for a mobile cloud world,” said Thomas Pedersen, Co-founder and CEO of OneLogin. “We plan to use this funding to further invest in strategic product development and further accelerate our growth.”