Luisa Beltran
Peloton said Aug. 3 that it raised $550 million in a Series F financing round led by TCV. Nearly all of Peloton's existing institutional investors, including Tiger Global, True Ventures, Wellington Management, Fidelity (FMRCo), NBCUniversal, Kleiner Perkins and Balyasny participated in this round. New investors include Felix Capital, Winslow Capital and other mutual fund partners. J.P. Morgan served as the sole placement agent to Peloton on the transaction. Peloton, of New York, provides high end cycling equipment for the home.
TCV has invested $150 million in Peloton as part of the company's $550 million funding round, the Financial Times reported Aug. 3. Tiger Global Management is expected to join the round for Peloton, which provided high-end cycling equipment for the home, the story said. The round values Peloton at $4.15 billion, the FT said.
Judo Capital has closed on 140 million Australian dollars ($103.9 million) in an initial equity raise. Judo, of Melbourne, is a specialist lender to the Australian SME sector. First Avenue Partners acted as placement agent for Judo.
Impraise said July 25 that it raised $10.6 million in Series A funding led by Keen Venture Partners. Existing investor, HenQ, also participated. Impraise, of New York, provides feedback and performance software and is an alumnus of Y Combinator.
K1 Investment Management has invested $25 million in RFPIO. It’s unclear how big is K1’s stake. RFPO, of Beaverton, Oregon, provides request for proposal response software.
DivvyPay Inc said July 24 that it raised a $35 million Series B funding round led by Insight Venture Partners. DivvyPay, of Lehi, Utah, provides a financial platform for businesses to manage payments and subscriptions.
Provenance said July 18 that it raised additional funding from musician Peter Gabriel as well as Working Capital Fund, which led the round. Also taking part were Digital Currency Group, Merian Ventures and Plug and Play. Financial terms were not disclosed. Provenance, a London blockchain startup, aims to make products and supply chains more transparent.
Zoox, a driverless car startup, has raised $500 million in a new round of funding, according to press reports. The round values Zoox at $3.2 billion, TechCrunch said. Mike Cannon-Brookes of Grok Ventures led the round, TechCrunch said.
Block.one, a blockchain platform, has raised a new investment round with the backing of Peter Thiel. Financial terms of the round were not announced. Other investors include Bitmain, Louis Bacon, and Alan Howard. The round comes just months since Block.one raised $4 billion in an ICO in May.
Social Capital, once one of the hottest VC firms, has seen its fortune dim. At least five investors will not invest in Social Capital’s next fund, Bloomberg is reporting. The firm has seen a number of defections as Social Capital has postponed fundraising at least three times in the past year, the story said. Social Capital’s $600 million fund, closed in 2015, is 90 percent committed, Bloomberg said.