Letgo raises $500M to take on Craigslist

Letgo, Domino Data Lab, Dynamic Yield, Capsule8, and Meipian

Letgo raises $500M to take on Craigslist

Letgo is holding on to a lot of cash. The peer-to-peer secondhand goods marketplace just raised $500 million in a round led by previous investor Naspers. The financing brings aggregate funding for the New York-based company to $975 million.

TaskUs takes on $250M

And the giant rounds keep coming. Santa Monica, Calif.-based TaskUs, a decade-old provider of outsourced back office and customer support services, has raised $250 million from private equity giant Blackstone Group.

Bad news for crypto bulls

These haven’t been great days for cryptocurrency bulls. Recent declines have pushed the total market cap of crypto to its lowest point since November. Bitcoin alternatives have fared especially badly.

Tallying the most funded AI startups

In a world where supergiant rounds are now quite common, artificial intelligence startups have brought in some big sums. Crunchbase News takes a look at the most heavily funded players in the space, in categories ranging from self-driving cars to toy robots to cybersecurity.

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