BIG NAME INVESTOR DAY = UNICORN TO POSSIBLE DRAGONS
IN THE PIPELINE / IN ON DECK / DEALS THT CLOSE
SoftBank, alongside Dragoneer Investment Group, has agreed to invest between $1 billion and $1.25 billion in Uber at its ~$70 billion valuations. The group would also spend up to $10 billion to buy shares from existing investors at a lower valuation of about $50 billion (i.e. it not closed until the money is in the bank). BOTTOM LINE: Convertible debt with tough terms would have been cooler!
INFINIDAT, an Israel-based independent provider of petabyte-scale data storage solutions, raised $95 million in Series C funding at a $1.6 billion valuation. Goldman Sachs Private Capital Investing led the round, and was joined by investors including TPG Growth. BOTTOM LINE: Win/Win as those are some amazing investors!
Roofstock, an Oakland, Calif.-based online marketplace for single-family rental home investing, raised $35 million in Series C funding. Canvas Ventures led the round, and was joined by investors including Lightspeed Venture Partners, Bain Capital Ventures, Khosla Ventures, Nyca Partners, QED Investors, and FJ Labs.
Frame.io, a New York-based collaboration platform for the video industry, raised $20 million in Series B funding, according to TechCrunch. FirstMark Capital led the round, and was joined by investors including Accel Partners, SignalFire and Shasta Ventures
Numetric, an Salt Lake City, Utah-based business intelligence tool provider, raised nearly $13 million in funding. Investors include Insight Venture Partners, EPIC Ventures, Tim Draper, and Aaron Skonnard of Pluralsight.
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