Heather Somerville
Stories by Heather Somerville
Scooter startup Bird raises $300m in latest funding round
The round was led by Sequoia Capital and joined by investors Accel, B Capital, CRV, Sound Ventures, Greycroft and e.ventures.
US real estate startup Opendoor’s valuation tops $2b after new funding
The round was led by investors General Atlantic and Access Technology Ventures, as well as home construction company Lennar Corp.
SoftBank Vision Fund leads $250m round in US enterprise software firm Cohesity
With its second-ever investment in an enterprise software company, the massive fund is seen to broaden its portfolio beyond consumer tech firms such a
Uber to buy electric cycle-sharing startup JUMP Bikes
The deal signals a shift for Uber toward a wider set of transportation options in urban centres.
Mexico, one of Uber’s most profitable markets, to be invaded by China’s Didi
To learn how to conquer Uber, the Chinese firm is going straight to the source. It is poaching Uber employees for its Mexico management team.
Dropbox IPO price range values firm nearly a third below peak
Dropbox set a price range of $16 to $18 per share, which would raise up to $648 million in the IPO. The pricing is about a 30% drop from the $10 bill
Norwest Venture Partners raises $1.5b for its largest-ever fund
The new fund comes just two years after Norwest raised a $1.2 billion fund, which was at that time the firm's largest.
Grocery delivery startup Instacart raises $200m to take on Amazon
The funding boosts its valuation and providing new resources for the startup to compete against heavyweight Amazon.com Inc.
Uber rejected $500m settlement with Waymo before reaching deal
Waymo finally agreed to a deal of $245 million in Uber equity.
SoftBank is now Uber’s largest shareholder as deal closes
Investors will take 17.5% in Uber with SoftBank keeping 15%, triggering a number of governance changes at Uber.
