August 14, 2015
Short, sweet, and to the point – that’s today’s funding roundup in a nutshell. While it might be somewhat small though, it packs a major punch with three companies getting a split of near $200 million collective funding. For Honest Co, Payoneer, and Massdrop, this is a pretty solid way to end the week.
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Honest Co Raises $100 Million
Not only did Jessica Alba’s Honest Co rake in a massive haul of $100 million in new VC funding, they were also valued at $1.7 billion. Interestingly enough, not one investor was identified during the entire process. The company has already raised over $220 million for their natural baby and kid products from parties like Lightspeed Venture Partners, General Catalyst, IVP, Fidelity, AllianceBernstein, Glade Brook Capital Partners, and Wellington Management.
Payoneer Brings in $50 Million
Payoneer has made it their goal to provide and power online solutions for cross-border payments, and their hard work has attracted the attention of Wellington Management and Susquehanna Growth Equity. The firms invested a combined $50 million into the New York company. All of the company shares were purchased from existing investors with the exception of major shareholders, who retained the majority of their holdings. It’s a nice addition to the pool of $40 million Payoneer has previously raised.
Massdrop $40 Million
The San Francisco community for enthusiasts of all kinds announced a $40 million Series B funding round. Primarily, August Capital led the round and was joined by participation from return backers First Round Capital, Mayfield Fund, and Cowboy Ventures.
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