Venture Capital Deals

Axios by Dan Primack

News Article | March 16, 2018

Robinhood, the no-fee stock-trading app, is in talks to raise $350 million in new funding led by DST Global at around a $5.6 billion valuation, as first reported by the WSJ.

SambaNova Systems, an AI chip startup from a pair of Stanford professors and a former Oracle exec, raised $56 million in Series A funding. GV and Walden International co-led, and were joined by Redline Capital and Atlantic Bridge Ventures.

Airtable, a San Francisco-based collaboration platform for managing and sharing data, raised $52 million in new funding. CRV and Caffeinated Capital co-led, and were joined by Freestyle Ventures and Slow Ventures.

Fortem Technologies, a Salt Lake City-based developer of a radar system for detecting airborne objects, raised $15 million in Series A funding. DCVC led, and was joined by Boeing, Mubadala Investment Co., Manifest Growth, New Ground Ventures and return backer Signia Venture Partners.

Virtuos, a Singapore-based gaming content producer, raised $15 million in new funding led by 3D Capital Partners.

TheSkimm, an email newsletter startup aimed at millennial women, raised $12 million in new funding at what sources say was a pre-money valuation of approximately $100 million. GV led, and was joined by Sara Blakely and return backers RRE Ventures and Homebrew.

🚑 180 Health Partners, a Nashville, Tenn.-based care provider for pregnant women with opioid addictions, has raised $8 million in Series B funding. Spring Mountain Capital led, and was joined by return backers Frist Cressey Ventures, Resolute Venture Partners and Altitude Ventures.

Drover, a UK-based “all in car subscription” service, raised £5.5 million in funding from Cherry Ventures, Partech, BP Ventures and return backers Version One and Forward Partners.

Detectify, a Swedish maker of website vulnerability detection software, raised €5 million in new VC funding. Insight Venture Partners led, and was joined by Paua Ventures and Inventure.

About Fortem Technologies

Fortem Technologies is the leader in airspace awareness, security, and defense for detecting and defeating dangerous drones. Through an advanced, end to end system of distributed radar, AI at the Edge, deep sensor integration, and autonomous drone capture, Fortem monitors and defends the world’s venues, infrastructures, cities, and regions. The same system is accelerating the safety of the world’s airspace for urban air mobility. Based in Pleasant Grove, Utah, the company is privately held and backed by Boeing, DCVC, Mubadala Investment Company, Signia Venture Partners and others.

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