In Second Opinion, tech stocks lead a rally as the S&P 500 turns positive for [...]Continue
Fundbox said Thursday it has raised an additional $50 million in equity funding led by new investor Spark Capital Growth with participation from Bezos Expeditions (the personal investment arm of Jeff Bezos), Ashton Kutcher and Guy Oseary’s Sound Ventures and Entrée Capital. Existing investors, including Khosla Ventures, General Catalyst Partners, Shlomo Kramer, and Blumberg Capital, also participated. San Francisco-based Fundbox, a cash flow optimization tool for small businesses, raised $40 million in Series B funding in March.Continue
First Read kicks off your week with news that Cargill has acquired Norway's EWOS for [...]Continue
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Juno Therapeutics, a Seattle-based biotech company focused on developing immunotherapies for cancer, has raised $134 [...]Continue
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Juno Therapeutics, a Seattle-based biotech company focused on developing immunotherapies for cancer, has raised an additional $56 million in Series A funding, closing the round at $176 million. The investors included Bezos Expeditions, the personal investment firm of Amazon.com CEO Jeff Bezos and Venrock. Also, Juno has named Dr. Mark W. Frohlich as executive vice president of R&D and Barney Cassidy as general counsel.Continue
General Fusion is having a happy Cinco de Mayo. The utility-scale fusion power company reeled in $19.5 million in a Series B round that included investors Cenovus Energy, through its Environmental Opportunity Fund, Bezos Expeditions, the personal investment company of Jeff Bezos, Chrysalix Energy Venture Capital, GrowthWorks, Braemar Energy Ventures, Entrepreneurs Fund, Business Development Bank of Canada (BDC), and SET Venture Partners.Continue
It was hard not to be taken aback at the sight of John Doerr earlier today, as he announced that Kleiner Perkins has launched a new, $250 million “social fund” for social Web startups called the sFund.
I’m not talking about Doerr’s legendary status in the venture industry. In fact, there were so many other stars at the event, held at Facebook’s Palo Alto, Calif., headquarters, that it bordered on ostentatious. Doerr’s partner Bing Gordon was there. So were Facebook co-founder and CEO Mark Zuckerberg, Zynga founder and CEO Mark Pincus and Amazon founder and CEO Jeff Bezos. All billionaires, or close to it, they were assembled as investors in the sFund, whose backers also include Comcast Interactive, Liberty Media, and Allen & Co.
That Doerr himself was in attendance wasn’t the surprise. It was what he was wearing: black jeans, a gray T-shirt, and, gulp, a black hoodie. The site was made all the worse given that Zuckerberg, also wearing jeans and a gray T-shirt, was sans hoodie.Continue
Qliance Medical Management Inc., an operator of insurance-free direct primary care clinics in Washington State, has raised $6 million in Series B funding. Bezos Expedition led the round, and was joined by MSD Capital, Drew Carey and return backers Second Avenue Partners, New Atlantic Ventures and Clear Fir Partners. The company had previously raised $7.5 million.Continue