June 9, 2017
A busy week for new Bay Area fundings ended with the fifth and sixth deals of $100 million or more.
Here are the details:
• Houzz, Palo Alto, $400 million: Private market Equidate reported that the home design platform provider is finalizing the round at a valuation of about $4 billion. Fortune reported that Iconiq Capital is expected to lead, joined by return backers who include GGV Capital and Sequoia Capital. Read more here.
• Addepar, Mountain View, $140 million: The round for this startup that is working on what it calls an “operating system for finance” was co-led by Valor Equity Partners, 8VC (the firm co-founded by Addepar and Palantir Technologies co-founder Joe Lonsdale) and QuantRes founder Harald McPike. Read more here.
• Algolia, San Francisco, $53 million: Accel Partners led the round for this cloud software business that helps developers build search engines. It was joined by Alven Capital, Point Nine Capital, Storm Ventures and SaaStr Fund.
• Discord, San Francisco-based, $50 million: Index Ventures led the round for this Gamer chat platform. It was joined by Institutional Venture Partners, Greylock Partners and Benchmark participated.
• Citrine Informatics, Redwood City, $7.6 million: Innovation Endeavors, Data Collective (DCVC), and Prelude Ventures co-led the round for the chemicals and materials intelligence platform. They were joined by Yahoo co-founder Jerry Yang‘s AME Cloud Ventures and XSeed Capital.
• Tractable, San Francisco and London, $8 million: Ignition Partners led the Series A round for this deep learning company that is focused on computer vision. It and was joined by Zetta Venture Partners and others.
• Packagd, Menlo Park, $6 million: Forerunner Ventures and GV (formerly Google Ventures) led the Series A round for the mobile e-commerce platform that focuses on “unboxing” videos.