Honest Co, Payoneer, and Massdrop are Having a Great Friday

August 14, 2015

3:00 pm

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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Funding

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.

Image Credit: Flickr / Gemma Amor’s page / cropped, resized

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Will is a Senior Writer with Tech.Co, based out of America’s Finest City: San Diego. He covers all territory West of the Mississippi river, digging deep for awesome local entrepreneurs, companies, and ideas. He’s the resident Android junkie and will be happy to tell you why you should switch to the OS. When he’s off the clock, Will focuses his literary talent on the art of creative writing…or you might find him surfing in Ocean Beach.

Follow Will on Twitter @WJS1988

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