Private Placement Activity Chris Hastings | [email protected] | 917-621-3750 7/24/2017 – 7/28/2017 (Transactions in Excess of $15 Million) Commentary
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Private Placement Activity Chris Hastings | [email protected] | 917-621-3750 7/24/2017 – 7/28/2017 (Transactions in excess of $15 million) Commentary . Toast, a developer of a restaurant management platform, raised $101 million in Series C funding — Generation Investment Management and Lead Edge Capital led the round. Walkme, a developer of a digital platform that helps companies train employees to use software programs, raised $75 million in Series E funding at a $860 million pre-money valuation — Insight Venture Partners led the round. DataRobot, a developer of a machine learning automation platform, raised $67 million in Series C funding at a $216 million pre-money valuation — New Enterprise Associates led the round. Conoy, a provider of on-demand shipment services designed to connect trucking companies with freight shippers, raised $63 million in Series B funding at a $300 million pre-money valuation — Y Combinator led the round. Plume, a provider of a self-optimizing WiFi network technology, raised $40 million in Series C funding — Comcast led the round. Big Switch Networks, provider of logistics intelligence software, raised $31 million in Series C funding at a $140 million pre-money valuation. Investors include Redpoint Ventures and Silver Lake Management. Duolingo, a developer of a language learning platform, raised $25 million in Series E funding at a $675 million pre-money valuation — Drive Capital led the round. Marqeta, a provider of a payment platform, raised $25 million in Series D funding at a $475 million pre-money valuation — Visa led the round. Aquiline Capital Partners LLC, a New York-based private equity firm investing in financial services, today announced the final closing of the Aquiline Technology Growth Fund (ATG) with approximately $190 million in total capital commitments, exceeding its target of $150 million. ATG is managed by Aquiline and is the firm’s first dedicated early/growth-stage fund. Company Company Amount Date Investors Series Company Description / Comments Name Location Raised ($M) Information Technology 500 Startups, China Investment Corporation, Provider of an online ride-hailing platform created to offer booking services for taxis, private cars and Coatue Management, Didi Chuxing, GGV Singapore, motorbikes in Southeast Asia. The company's ride-hailing platform provides a mobile taxi-booking Grab 24-Jul-17 Capital, Hillhouse Capital Group, MaGIC $2,500 n/a Singapore application that matches passengers to the closest available taxi driver using the GPS capability built Accelerator Program, Qunar.com, SoftBank into the user's smartphone. $3.5 billion pre-money valuation. Capital, Sovereign's Capital Developer of a restaurant management platform designed to simplify and streamline operations. The Bessemer Venture Partners, Generation company's management platform is a cloud-based system for tableside ordering, quick menu Toast 25-Jul-17 Boston, MA Investment Management, GV, Lead Edge $101 C modifications, real-time enterprise reporting, online ordering and labor management, enabling Capital, Steve Papa restaurant owners and operators to streamline operations and increase revenue. Generation Investment Management and Lead Edge Capital led the round. Provider of a AI based language learning application designed to make people speak English fluently. Cherubic Ventures, China Media Capital, GGV The company's language learning application is an advanced automatic assessment engine for Shanghai Liulishuo Capital, Hearst Ventures, IDG Capital, RTA 26-Jul-17 Shanghai, China $100 C spoken and written English provides a personalized and adaptive learning path for every learner, Information Technology Capital, Sichen Huang, Trustbridge Partners, helping learners to improve all aspects of their English language abilities (listening, speaking, reading Wu Capital, Y Combinator and writing). China Media Capital and Wu Capital led the round. Source: PitchBook Data, Inc., NYSE, S&P Global Market Intelligence Note: Bolded names in “Investors” column indicate existing investors participating in new deal 1 Strictly Private and Confidential Private Placement Activity 7/24/2017 – 7/28/2017 (Transactions in excess of $15 million) Company Company Amount Date Investors Series Company Description / Comments Name Location Raised ($M) Flint Capital, Gemini Israel Ventures, Giza Developer of an enterprise guidance and engagement platform designed to help users who don't have San Francisco, Venture Capital, Greenspring Associates, the time or inclination to study new features. The company's Digital Adoption platform is a cloud- WalkMe 26-Jul-17 $75 E CA Insight Venture Partners, Mangrove Capital based service that help sales and user-experience professionals to action. Insight Venture Partners Partners, Scale Venture Partners led the round. $860 million pre-money valuation. Accomplice VC, Atlas Venture, IA Ventures, Developer of a machine learning automation platform designed to deploy accurate predictive models. Intel Capital, Jeff Hammerbacher, New The company's machine learning automation platform uses open source machine learning algorithms DataRobot 27-Jul-17 Boston, MA Enterprise Associates, New York Life $67 C to automate, train and evaluate predictive models in parallel, delivering more accurate predictions at Insurance Company, Open Field Capital, Plug scale, enabling data scientists to export scoring code and operationalize models in any environment. and Play Tech Center New Enterprise Associates led the round. $216 million pre-money valuation. Developer of an AI based semantic HD mapping for autonomous driving created to empower self- driving cars to become a reality. The company's semantic HD mapping offers autonomous driving Blue Lake Capital, Daimler, Nio, Shunwei technology with deep-learning-derived software in perception, semantic HD mapping and data-driven Momenta.ai 25-Jul-17 Beijing, China Capital, Sinovation Ventures, Unity Ventures, $46 B path planning, with a trained deep-learning engine which locates the vehicles, pedestrians, roads and ZhenFund positions them into a 3D reconstructed map in real time by covering all driving scenarios. Nio led the round. Provider of a self-optimizing WiFi network technology designed to connect with every room in the Comcast, Jackson Square Ventures, Liberty home in real time. The company's Plume Adaptive WiFi is powered by the cloud that adapts and Global Ventures, Presidio Ventures, Samsung Plume 25-Jul-17 Palo Alto, CA $40 C maximizes WiFi by optimizing the flow of data at home in real time and avoids interference from Venture Investment, Shaw Ventures, Spark household devices, even sources outside from home enabling users to join a video conference or Capital stream the latest viral video without interruption. Comcast led the round. Developer of a virtual reality (VR) content and technology platform designed to explore and expand 21st Century Fox, Andreessen Horowitz, the potential of immersive storytelling. The company's virtual reality (VR) content and technology Annapurna Pictures, Emerson Collective, Information Technology Within 26-Jul-17 Los Angeles, CA $40 B platform creates and distributes story-driven experiences in virtual reality, enabling users to Freelands Ventures, Temasek Holdings, Tribeca experience extraordinary stories in virtual reality and improve their viewing experience. Emerson Enterprises, VICE Media Collective and Temasek Holdingsled the round. Accel, Allegis Capital, Atlantic Bridge Capital, Developer of a artificial intelligence-based authentication platform designed to provide the most Breed Reply, Deutsche Telekom Capital secure and seamless authentication experience for enterprises and users. The company's London, United Callsign 27-Jul-17 Partners, Deutsche Telekom Strategic $35 A authentication platform enables enterprises to select an authentication journey for each user in real- Kingdom Investments, NightDragon Security, PTB time, based on their risk profile and tendencies by adapting the type of authentication to the situation Ventures, Qualcomm Ventures virtually eliminating advanced threats. Accel and PTB Ventures led the round. Dell Technologies Capital, Index Ventures (UK), In-Q-Tel, Intel Capital, Khosla Ventures, Provider of software-defined networking products designed to disrupt the status quo of networking by Big Switch Networks 27-Jul-17 Santa Clara, CA Morgenthaler Ventures, MSD Capital, $31 C designing intelligent, agile and flexible networks. The company's networking software facilitates data Redpoint Ventures, Silver Lake Management, center transformation and accelerates business velocity. $140 million pre-money valuation. The Goldman Sachs Group Source: PitchBook Data, Inc., NYSE, S&P Global Market Intelligence Note: Bolded names in “Investors” column indicate existing investors participating in new deal 2 Strictly Private and Confidential Private Placement Activity 7/24/2017 – 7/28/2017 (Transactions in excess of $15 million) Company Company Amount Date Investors Series Company Description / Comments Name Location Raised ($M) Provider of intelligent risk management solutions to financial institutes, to help them lower cost and to QianCheng Technology 27-Jul-17 Shanghai, China n/a $30 B improve service effectiveness. A-Grade Investments, Ashton Kutcher, Developer of a language learning platform designed to help people to read, listen and speak multiple CapitalG, Drive Capital, Kleiner Perkins Caufield languages. The company's language learning platform is a science-based language education Duolingo