So-called hypergiant funding rounds totaling $250 million or more are still a relative rarity in startup-land. However, they’ve gotten more common in recent quarters. Crunchbase News take a look at who’s raised these massive sums this year, and what they’re doing with the cash.
San Francisco-based Optimizely, a platform for experimentation and testing of digital customer experiences, just scored $50 million in funding from Goldman Sachs and Accenture Ventures, along with $55 million in fresh debt funding.
New York-based retail shop Camp filed paperwork indicating it’s raised $10.5 million out of a targeted $11 million in equity funding. Founded last year by Buzzfeed marketing chief Ben Kaufman, Camp is a retail concept for kids and parents, offering a rotating selection of toys and other goods as well as classes.
Using Crunchbase data, New York City–based think tank the Center for an Urban Future (CUF) published a new report entitled “Brooklyn’s Growing Innovation Economy.” It finds that Brooklyn’s growth in tech, creative, and innovative manufacturing sectors outpaces Manhattan and nearly every other major city.