Andreessen Horowitz is the lead investor in TransferWise, a London-based online currency exchange. A16z was joined in the $58 million round by existing backers IA Ventures, Valar Ventures, Index Ventures, Seedcamp, and Richard Branson.
App connecting startup Button raises $12 million Series A
Button, a startup aiming to connect apps, has raised a $12 million Series A round led by Redpoint Ventures.
Uber raises another $1.6bn
Ride-hailing company Uber has closed $1.6 billion in convertible debt from clients of Goldman Sach’s private wealth arm. The New York Times reports that the startup will raise another $600 million in…
SpaceX raises $1bn round led by Google and Fidelity
Elon Musk’s space exploration company SpaceX has raised $1 billion in financing from two new investors, Google and Fidelity.
Planet Labs secures $25m in financing
Founded by former NASA scientists to launch image capturing satellites, Planet Labs has secured $25 million in debt financing from Western Technology Investment to bring total funding (debt and equity) to $160.1 million.
Fitness subscription service ClassPass secures $40m
ClassPass, a fitness subscription service, has secured $40 million in Series B funding led by General Catalyst and Thrive Capital.
Public transit app Moovit grabs $50m Series C
The similarities between Moovit and Waze are obvious: crowdsourced traffic information platforms originally founded in Israel.
Online education platform lynda.com secures $186m investment
Online education company lynda.com, has secured a $186 million investment led by TPG. Previous backers Accel Partners Spectrum Equity and Meritech also participated.
Whistle Sports grabs $28m Series B funding round
YouTube sports network Whistle Sports has secured $28 million in Series B financing led by Emil Capital Partners.
Augmedix raises $16m to bring Google Glass to doctors
Although not yet seen regularly on the streets, Google Glass has several compelling enterprise applications. Augmedix and its backers, which include DCM and Emergence Capital, are betting that doctors will be one of the groups to adopt the technology.