Formation 8, Foundation Capital co-lead $32.3 mln funding in Bolt Threads

Formation 8 and Foundation Capital have co-led a $32.3 million Series B funding round in Bolt Threads, which makes silk fibers based on proteins found in nature. Founders Fund participated in the funding. Bolt Threads, which has emerged from stealth, has raised a total of $40 million, including a Series A funding led by Foundation Capital.


Collective Health snags $38 mln Series B

San Mateo, California-based Collective Health, a self-insurance platform provider, has raised $38 million in Series B funding. Founders Fund and New Enterprise Associates led the round with participation from Formation 8, Redpoint Ventures, RRE Ventures, Subtraction Capital and Rock Health.


Rakuten invests $300 mln in Lyft

Rakuten Inc. said Thursday it has agreed to buy an 11.9 percent stake in Lyft. Rakuten said it is investing $300 million as lead investor of Lyft’s $530 million series E investment round. Other investors of the E round were not disclosed. San Francisco-based Lyft, a car-sharing app, has received backing from Andreessen Horowitz, Mayfield, Founders Fund, Coatue Management, Third Point Management and Alibaba.


SOLS rakes in $11.1 mln Series B

SOLS, a provider of 3D printing and custom mass-manufacturing technology, has closed $11.1 million in Series B funding. The investors included Founders Fund, Lux Capital, Tenaya Capital and Melo7 Tech Partners. In addition to the funding, SOLS has named Terdema Ussery, president and CEO of the Dallas Mavericks, to its board of directors.


Google and Fidelity invest $1 bln into SpaceX

SpaceX, a maker of rockets and spacecraft, has raised $1 billion in funding, the company confirmed in a post on its site. The investors were Google and Fidelity. As a result of their investment, Google and Fidelity will both own “just under 10 percent” of SpaceX. SpaceX is also backed by Founders Fund, Draper Fisher Jurvetson, Valor Equity Partners and Capricorn.To read the announcement, visit here.


Home network Porch.com nabs over $65 mln

Home network Porch.com has closed over $65 million in funding. The investors included Valor Equity Partners, Lowe’s Companies Inc, Founders Fund, Battery Ventures, Panorama Point Partners, Capricorn Investment Group and home improvement expert Ty Pennington. In addition to the funding, Antonio Gracias, CEO of Valor Equity Partners, has been appointed to Porch’s board of directors.


GGV Capital, DST lead $25 mln Series B funding in Boxed

GGV Capital and Digital Sky Technologies have led a $25 million Series B funding round in Boxed, a mobile app for wholesale club shopping. Other investors in the funding round include Founders Fund, AME Cloud Ventures, Vaizra Investments and early investors First Round Capital, Greycroft Partners and Signia Venture Partners. Jeff Richards, managing partner at GGV Capital, will join Boxed’s board.

Master Grower Douglas waters marijuana plants in a growing room at Tweed Marijuana Inc in Smith's Falls

peHUB Second Opinion

In Second Opinion, we have what J.C. Flowers up to these days, Sony delays the sale of the PlayStation 4 gaming console in China and Peter Thiel’s Founders Fund invests in Privateer Holdings.


peHUB First Read

First Read brings you into the week’s homestretch with news of the manhunt for two mass murderers in France, a meal replacement start-up is raising funding at a $100 mln valuation and the FCC will hold its first net neutrality vote on February 26.

VC-backed car-sharing app Lyft announces new CMO and CFO

San Francisco-based car-sharing app Lyft has named Kira Wampler as chief marketing officer and promoted Brian Roberts to chief financial officer, the company announced in a blog post on its site. Previously, Wampler worked at Trulia where she served as CMO while Roberts is Lyft’s former senior vice president of partnerships and corporate development. Lyft’s backers include Andreessen Horowitz, Mayfield, Founders Fund, Coatue Management, Third Point Management and Alibaba. To read more about Lyft’s new appointments, visit here.

Peter Thiel pcw14 with aragon 9N8A4752

Listen to Peter Thiel: video

In a keynote at our recent PartnerConnect conference, Peter Thiel shared his (strong) opinions about Apple, Google, Uber, tech founders, competition, phony technology companies and lots more.

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