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Inside Venture Capital (Mar 4th, 2018)

Today's VC Refresher is a review of Spotify's controversial decision to file for a direct listing instead of an IPO.

--VC Reads--

-- Big Deals: YC’s Aaron Harris discusses the dangers of big deals, and what the founders of young companies need to understand when pursuing them.

-- 5 Ways Augmented Reality Is Disrupting the Supply Chain: Fortune reports.

-- Helix holds first close on a planned $200 million investment in its genetic services marketplace: TechCrunch reports.

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--Consumer Internet--

-- Chehaoduo (China), used/new car trading platform: $818M C led by Tencent, participation by ICBC, Yunfeng, Vest, GIC, Taihe, Sequoia, H, DST, Shougang, Shanhang.

-- Zomato (Alibaba), food search and delivery: $150M from Alibaba. Founder Pankaj Chaddah quit in tandem with the funding.

-- NestAway (Bengaluru, India), online home rentals: $51M D from Goldman Sachs, UC-RNT, IDG, Tiger.

-- Huang Bao Che (Beijing, China), car and tourist services: $50M C led by Sequoia Capital China, participation from Matrix, Hexie Aiqi.

--Enterprise--

-- DoorDash (San Francisco, CA), restaurant delivery platform: $535M D led by SoftBank Group, participation from Sequoia, GIC, Wellcome Trust. Plans to offer Drive, allowing restaurants to offer delivery on orders placed directly with them.

-- UiPath (New York, NY), automation platform for legacy and back-office functions: $120M from KPBC, et al. The round, which is based on TechCrunch sources, could value the company at over $1B. UiPath was founded in Bucharest, Romania.

-- Trizic (San Francisco, CA), enterprise-class digital investment platform: $10M A led by Sorenson Ventures, participation from FIS, Betsy Cohen, Freestyle, Broadhaven, PEAK6, Commerce,

-- Scalefast (Los Angeles, CA), e-commerce platform for direct-to-consumer lifestyle plans: $8M A led by BGV, participation from Adara, B&Y, French Partners, CIC.

--Fintech--

-- Nubank (Sao Paulo, Brazil), financial services: $150M led by DST, participation from Founders Fund, Redpoint, Ribbit, QED, Dragoneer, Thrive.

-- 8BTC (Hangzhou, China), bitcoin, blockchain, cryptocurrency platform: $16M A led by Puhua Capital, Funcity Capital, participation from QF, Bitman.

-- Blueprint (New York, NY), digital, independent retirement plan platform: $2.75M Seed led by Green Visor Capital, NextView Ventures, participation from Core Innovation, Kairos, Jean Chatzky, et al. CEO and co-founder Matthew Carey spent almost two years as an advisor to the US Treasury during the Obama Administration.

--Data/Analytics--

-- Wecash (Beijing, China), online credit assessment and reporting: $160M D led by Orix Asia Capital, SEA Group, participation from SIG, Sagamore, Forebright, Lingfeng, Hongdao.

-- Tellius (Reston, VA), business analytics using language processing to answer normal language questions: $7.5M A led by Veraz investments.

--AI/Machine Learning--

-- Aurora (US), self-driving cars: $90M from Greylock, Index. CEO Chris Urmson was formerly the CTO of Google’s self-driving car project.

--Foodtech--

-- Perfect Day (Berkeley, CA), animal-free dairy proteins: $24.7M led by Temasek, participation from Horizons, Continental Grain, Iconiq Capital, Lion, Verus International, et al.

--Biotech/Health--

-- Woebot (San Francisco, CA), mental health chatbot: $8M A led by NEA, participation from AI Fund.

-- Tagnos (Irvine, CA), logistics for hospitals and clinics: $5M from Benhamou Global, Morpheus, Zebra.

-- EnsoData (Madison, WI), AI-based analytics for frontline clinicians: $1.5M Seed led by Colle Capital, participation from HealthX, Sternhill, Wisconsin Investment, M25 Group, et al..

--Space--

-- Astranis (San Francisco, CA), small satellites for broadband internet: $13.5M A led by Andreessen Horowitz, participation from Y Combinator, Refactor, Indicator, Fifty Years. CEO and co-founder John Gedmark is the founder and executive director of the Commercial Spaceflight Federation, which includes SpaceX, Blue Origin, and Virgin Galactic.

--Lifestyle--

-- Meinkind (Fujian, China), baby products: $11M from Promethus.

--Dev--

-- Smartcar (Mountain View, CA), connected car platform to send data/commands via HTTP: $10M A led by NEA, participation from Andreessen Horowitz.

--Cybersecurity--

-- Gate Labs (San Francisco, CA), camera equipped smart lock: $5M B led by Cota Capital.

--Industrial--

-- OnScale (Cupertino, CA), computer-aided multi-purpose engineering platform: $3M Seed led by Thornton Tomasetti, participation from Michael Lehman, Palo Alto Networks, Sun Microsystems, Campbell Klein.

--Insurtech--

-- Xagent (Reston, VA), single-entry submission platform for retail property and casualty agents: $2.1M Seed from NFP, Brian Kapiloff, et al.

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--VC Refresher-- The happening on everyone’s mind in the VC world is without any competition the long-awaited and discussed form F-1
Content for premium users only

This week's funding came in at  $4,404,011,000, $1.8B above the year's average and $2B above its median. The funding for the month of February totaled  $14,408,311,000.

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--M&A/IPO/New Funds-- --M&A-- -- Cryptocurrency startup Circle acquires cryptocurrency exchange Poloniex for reported $40
Content for premium users only

--Funding Breakdown--

--Consumer Internet--

4 Deals: $1,069,000,000

--Enterprise--

4 Deals: $673,000,000

--Fintech--

3 Deals: $168,750,000

--Data/Analytics--

2 Deals: $167,500,000

--AI/Machine Learning--

1 Deal: $90,000,000

--Foodtech--

1 Deal: $24,700,000

--Biotech/Health--

3 Deals: $14,500,000

--Space--

1 Deal: $13,500,000

--Lifestyle--

1 Deal: $11,000,000

--Dev--

1 Deal: $10,000000

--Cybersecurity--

1 Deal: $5,000,000

--Industrial--

1 Deal: $3,000,000

--Insurtech--

1 Deal: $2,100,000

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