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Inside Venture Capital

Inside Venture Capital (Feb 11th, 2018)

Today's VC Refresher looks into the end of the Waymo/Uber lawsuit.

--VC Reads--

-- From Unfundable to Unstoppable: Bryce Roberts (Foursquare, Bit.ly) discusses Brian Chesky’s open letter defining successful companies in the 21st century.

-- The State of the Cloud Industry in 2018: A report by Bessemer.

-- Venture Capitalists and Private Equity Investors Aren’t So Confident in President Donald Trump: Fortune reports on a survey with 500 industry professionals

-- Twitter is now worth more than Snap: TechCrunch reports.

-- China’s Didi partners with SoftBank to launch taxi-hailing services in Japan: TechCrunch reports.

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--Industrial--

-- Farasis (Guangzhou, China), lithium-ion battery technology: $790M C from China Venture, Soochow, Industrial Bank.

-- E-Leather (Peterborough, UK), eco leather made to customer standards: $98.6M led by ETF Partners. Also entered into a partnership with Nike.

--Gaming--

-- Shanda Games (Shanghai, China), online games: $474M from Tencent.

--Biotech/Health--

-- Innocare (Beijing, China), cancer/autoimmune disease treatments: $55M led by Sino-US Ventures.

-- Rani Therapeutics (San Jose, CA), pills to replace injections for chronic conditions treatments: $53M led by GeneScience, Shire, Bossa, Cathay, GV, Novartis, AstraZeneca, Ping An, Virtus, et al.

-- Tilray (Toronto, Canada), pharmaceutical-grade cannabis: $47.7M A from undisclosed sources.

-- Simplify Medical, cervical artificial disc: $44.25M B led by LSP Health Economics Fund 2, participation from LSP Fund V, MH Carnegie & Co,Sectoral Asset.

-- Syndesi (Belgium), procognitive SV2A modulators: $20.8M A led by Novo Seeds, Fountain Healthcare, participation from JJDC, V-BIO, Walloon Investment Fund, VIVES Louvain.

-- Codoon (China), wellness wearables: $20M C+ led by APE, participation from SBCVC.

-- HealthifyMe (India), health advisory app: $12M led by Sistema Asia Fund, participation from Samsung NEXT, Atlas Asset, Dream Incubator, IDG, Inventus, Blume, Dubai based NB.

-- HomeCare (Mclean, VA), homecare marketplace: $11M from 3TS, Blue Heron, Maryland Venture Fund, Private Access.

--Consumer Internet--

-- JapanTaxi (Japan), ride-hailing service: $69M from Toyota.

-- Goat (Los Angeles, CA), online sneaker marketplace: $60M C led by Index Ventures, participation from Accel, Ma­trix, Up­front, Webb In­vest­ment Net­work. Merged with aftermarket sneaker retailer Flight Market.

-- Everipedia (Los Angeles, CA), online, publicly edited encyclopedia using blockchain tech: $30M A led by EOS.IO Ecosystem Fund.

-- BurnAlong (Owing Mills, MD), streaming fitness class platform: $1M from Baltimore Angels, Brown Advisory, Machem Capital, Johns Hopkins University.

--Enterprise--

-- Icertis (Bellevue, WA), contract management platform: $50M D led by Meritech Capital Partners, participation from PSP Growth, Cross Creek, B Capital, Ignition, Greycroft, Eight Roads.

-- Haogongpin (Hangzhou, China), marketplace for B2B industrial products: $15M A led by Danhua, participation from Zhaogang, 51zhaoyou.

-- Attentive (New York, NY), platform to send customers personalized messages throughout customer lifecycle: $13M A led by Bain Capital Ventures, participation from Eniac Ventures, NextView. CEO and co-founder Brian Long’s previous company TapCommerce was acquired by Twitter, where he then served for two years as Senior Director.

-- CultureIQ (New York, NY), platform to manage company culture: $2.25M Seed from Pritzker Group, Lerer Hippeau, Founder Collective, et al.

--Data/Analytics--

-- Shiji Retail Information (Beijing, China), big data for hotels: $48.6M from Alibaba.

-- Subtree (London, UK), application capture and cloud storage using datadots: $10M Seed led by DDN Storage.

--Fintech--

-- Coinsquare (Toronto, Canada), cryptocurrency exchange: $30M from Canaccord.

--Cleantech--

-- Taxelco (Montreal, Canada), electric taxis: $17M led by XPND Capital.

-- Renewable Properties (San Francisco, CA), small-scale utility and commercial solar energy projects: $12.5M from New Energy Capital Advisors.

--Edtech--

-- Tanzhou Education (Hunan, China), online education provider: $10M A led by Haier Financial Holdings, participation from Changsha Lugu Hi-Tech .

--Real Estate--

-- Honest Building (New York, NY), construction project management platform: $8M B1 led by Oxford Properties Group, participation from The Durst Organization, DivcoWest Real Estate.

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--VC Refresher-- On Friday, tech’s most heavily watched lawsuit finally came to an end: Uber agreed to settle with Waymo by offering
Content for premium users only

This week's funding came in at  $3,591,150,000, $800M above the last year's average and almost $1B above its median.

Email x1 screen shot 2018 02 11 at 11.34.52
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--M&A/IPO/New Funds-- --M&A-- -- Qualcomm rejects Broadcom’s $121B acquisition bid. -- Professional services provider
Content for premium users only

--Funding Breakdown--

--Industrial--

2 Deals: $886,800,000

--Gaming--

1 Deal: $474,000,000

--Biotech/Health--

9 Deals: $263,750,000

--Consumer Internet--

4 Deals: $160,000,000

--Enterprise--

4 Deals: $80,250,000

--Data/Analytics--

2 Deals: $58,600,000

--Fintech--

1 Deal: $30,000,000

--Cleantech--

2 Deals: $29,500,000

--Edtech--

1 Deal: $10,000,000

--Real Estate--

1 Deal: $8,000,000

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