Hello and welcome again to Fairness, TechCrunch’s enterprise capital-centered podcast, the place we unpack the numbers tiresome the headlines.
This week Kate became as soon as in China, so TechCrunch’s Danny Crichton and Alex took the helm whereas she became as soon as out grilling Lime. So, with our producer (the improbable Mr. Gates) in San Francisco and Danny in Fresh York and Alex in the provinces, we got into the following to commence:
- Jetpack Aviation and it’s seed round to acquire a flying bike, attributable to route why no longer
- An endurance racing startup raising cash from Usain Toddle
- Norwest’s mega unique $2B fund
- EQT’s mega unique $750 million rumored European growth fund
- And a novel round for Peanut, the social network for mothers
Pivoting into the greatest recordsdata from the week, 1Password raised a comically-neat $200 million Series A round of funding. The firm somewhat obviously hadn’t raised considerable capital sooner than nonetheless had grown to be somewhat neat. Hence the neat check. Make a choice that Series A in point of fact skill a firm’s first institutional round, no longer a particular greenback vary.
Subsequent we discussed DoorDash and its that you simply’ll be able to be ready to insist $100 million add-on to its $600 million round from earlier this 365 days. The unique capital will accept as true with to purchase the on-demand abilities firm’s valuation pegged gorgeous above the place it became as soon as living right by design of its preceding round. So, a down round right here is no longer.
Meanwhile, Docker obtained a $35M funding from Benchmark and equipped considerable of its industry to Marantis, which has all of the appearances of a recap for the formerly high-flying unicorn.
What else? JUUL is laying off staff, WeWork is smooth dropping an ocean of greenbacks, and Line is partnering up with Yahoo Japan.
Fairness drops every Friday at 6:00 am PT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all of the casts.