Next-gen insurance startup Oscar Health has raised $375 million in fresh funding from previous backer Alphabet. The latest financing brings total funding for the six-year-old, New York-based startup to around $1.3 billion.
Famed startup incubator Y Combinator is launching a new program in China. It has tapped former Baidu chief operating officer Qi Lu to lead the effort.
Having teeth is great, but the maintenance can be kind of a drag. Luckily a raft of funded startups are hoping to make oral care easier with products like high-end electric toothbrushes, deluxe floss, and fancy mouthwash.
Fresh off of closing an oversubscribed venture fund, the University of California at Berkeley’s accelerator SkyDeck is working to generate revenue for the university. SkyDeck has had some notable startups in recent cohorts – including scooter rental unicorn Lime.
Unicorn exits are taking flight. The number of high-valuation private companies launching IPOs and getting acquired in 2018 has already surpassed annual totals for the past two years. Collectively, this year’s exited unicorns are valued at close to a quarter of a trillion dollars.
And more money keeps pouring in. In the rarified world of venture rounds totaling $250 million or more, a Crunchbase analysis finds that Chinese companies far surpass counterparts in the United States and elsewhere. We also coin a term – hypergiants – to describe these rare but most massive of VC deals.
Sila Nanotechnologies, an Alameda, Calif.-based developer of silicon anode batteries for devices and electric vehicles, raised $70 million in a Series D round led by Sutter Hill Ventures.
Pantera Capital, a Silicon Valley-based venture fund known for its focus on blockchain and digital currency, is raising $175 million for its third venture fund.