September 20, 2019

A look at Goldman Sachs’ VC funding spree

Goldman Sachs’ startup investment pace has increased dramatically over the last couple of years, and this quarter is no exception. The banking giant has backed 20 startups in Q3, including cybersecurity company Acronis, GitLab, and insuretech startup Ethos.

Postmates pulls in $225M

San Francisco-based Postmates, the on-demand delivery unicorn, raised $225 million in fresh funding at a $2.4 billion valuation. The financing comes on the heels of a private IPO filing, with the public prospectus reportedly likely to surface later this month.

Airbnb to go public in 2020

Airbnb issued a statement that it “expects to become a publicly-traded company during 2020.” The company also gave a peek into its finances, saying it had more than $1 billion in revenue in the second quarter of 2019.

Stripe valuation stretches to $35B

Payment processing unicorn Stripe raised $250 million in a new round of funding said to make its valuation $35 billion. Sequoia Capital, General Catalyst, and Andreessen Horowitz reportedly backed the round, which brings the San Francisco company’s total funding to more than $1 billion.

Automattic raises $300M Series D

WordPress publisher Automattic announced that it has closed a new $300 million Series D, with Salesforce Ventures backing the entire round. The financing puts the 14-year-old company at a post-round valuation of $3 billion.

Cannabis funding slows

Funding for cannabis companies has slowed this year compared to 2018, with fewer giant financings announced. Startups say expenses are also higher for legal, licensing and compliance work that is needed at the onset.

Crunchbase: Tips and tricks for raising a Series A

Raising a seed round is tough, but raising a Series A round is even more difficult. One founder reviews his experience and offers tips and tricks for raising this imperative round.

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Crunchbase Pro: Searches and Lists

Name Type Entries
Same day delivery companies with funding Companies 55
Largest funding rounds in China-based education companies in the past 3 years Funding Rounds 132
Payment companies recently funded Companies 361
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Recent Investments

Automattic

$300M / Series D

Automattic develops publishing platforms, including the WordPress.com website and the VIP WordPress.com cloud version.

Categories:

Blogging Platforms • Content • Internet • Web Design • Web Development

Founders:

Matt Mullenweg

Investors:

Salesforce Ventures (Lead)

Stripe

$250M / Series F

Stripe is a global technology company that builds economic infrastructure for the internet.

Categories:

Credit Cards • Developer APIs • Internet • Payments • SaaS • Software

Founders:

John Collison, Patrick Collison

Investors:

Andreessen Horowitz (Lead), General Catalyst (Lead), Sequoia Capital

Postmates

$225M / Private Equity Round

Postmates powers local, on-demand logistics focused on fast deliveries from any type of merchant at scale.

Categories:

Delivery • Food Delivery • Logistics • Same Day Delivery • Transportation

Founders:

Bastian Lehmann, Sam Street, Sean Plaice

Investors:

GPI Capital (Lead)

More Fundings

Company Amount / Round Lead Investor
Ginkgo Bioworks $290M / Series E T. Rowe Price
VIPKID $150M / Corporate Round Tencent Holdings
Advance Technology $80M / Series C Gaorong Capital
Kitchen United $40M / Series B RXR Realty
AppLearn $25M / Venture Round K1 Investment Management
HappyOrNot $25M / Series B Verdane Capital
Darkstore $21M / Series B EQT Ventures
Skip Scooters Unknown / Series A Toyota AI Ventures
All Recent Funding Activity

Recent Acquisitions

Lurisia

Pending acquisition by Coca-Cola HBC for 88M EUR

More Acquisitions

Company Acquired By Amount
AXS AEG Unknown
Bromium Hewlett-Packard Unknown
All Recent Acquisition Activity

Upcoming Tech Events

Ad: tech Tokyo 2019

November 27 - 28, 2019 in Tokyo

Ad: tech is a global marketing conference, which has been held in major cities around the world.

More Events

Start Date Event Location
Oct 2, 2019 ITEN WIRED 2019 Pensacola
Nov 4, 2019 Adobe MAX 2019 Los Angeles
Nov 17, 2019 Mobile Growth Summit Asia 19 Jakarta
Nov 25, 2019 Data Natives Berlin 2019 Berlin
More Upcoming Events

Demo Days

Start Date Event Location
Oct 7, 2019 NASA iTech 2019 Cycle II Forum Las Cruces
Oct 17, 2019 Telecom Council IoT Forum on Industrial IoT Santa Clara
More Upcoming Demo Days

Accelerator Deadlines

Date Accelerator Location
Oct 13, 2019 FK Accelerate Altrincham
Oct 14, 2019 The Global Good Fund Arlington
More Upcoming Deadlines
Don’t see your event? Reach out to us at events@crunchbase.com.

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