Your Daily Funding Roundup for August 23rd ‘15


Kicking off the week with some exciting funding announcements

DianRong Grabs $207 million in Major Advance for Chinese P2P Lending Platform

Chinese P2P lender DianRong has raked in $207 million in a Series C funding round, adding Standard Chartered PLC to its list of investors. All previous funders participated again, including the China Fintech Fund, Bohai Leasing Co., Northern Light Venture Capital, Tiger Global Management LLC and Sun Hung Kai & Co.

The company is based in Shanghai, having been founded by Lending Club cofounder Soul Htite in 2012.

The P2P lending industry has been booming over the past year, with US firms like Lending Club, Prosper and UK firm Zopa holding the top spots in the industry. This model has succeeded in attracting mainstream financing investors, to the benefit of companies like DianRong.

ZocDoc joins the Unicorn Club with a $1.8 billion Valuation

ZocDoc, an online platform for finding and booking appointments with doctors online for free, entered the unicorn club in a big way, scoring a new $130 million insertion of funding.

The round was led by Scottish investment firm Baillie Gifford and Atomico, a venture fund started by Skype cofounder Niklas Zennstrom. Existing investor, the Founders Fund, also participated this time around. This series brings the total funds raised to about $230 million, including investors like Marc Benioff, Goldman Sachs, DST Global, SV Angel, Khosla Ventures Amazon founder Jeff Bezos.

The app costs doctors $3,000 in subscription fees per annum to be listed and advertise open appointment slots. It was founded by CEO Cyrus Massoumi in 2007. ZocDoc purports to have 600 employees in three offices offering services across the US.

Carbon3D’s Novel Approach to 3D Printing gets Google in on a $100 million Round

3D printing firm Carbon3D scored $100 million in a new funding round led by Google Ventures this past week.

The company debuted its solution at a TED talk in Vancouver earlier this year, doubling its workforce in the interim to 80 employees. The company says its method of printing is 100 times faster than the currently favored method. They use light and oxygen to grow the 3Dd print out of resin in a method called continuous liquid interface production, or CLIP.

“We’ll be placing a couple dozen more [printers] this calendar year and expect general availability early next year,” Carbon3D CEO Joseph DeSimone said in an interview with re/code.

Other investors include the Autodesk Spark Investment Fund, Sequoia Capital, Silver Lake, Yuri Milner, Kraftwerk, Reinet Fund SCA, and FIS.

OpenStack Developer Raises $75 million in Equity

An SEC filing this past week showed that Mirantis collected $75 million in equity funding. The company is on the cusp of unicorn status, currently valued at $800 million after its last major infusion of $100 million in Series B last October (of a previous total fundraising tally of $120 million).

Mirantis is a B2B cloud-computing company that focuses on support for open-source software platform OpenStack.

Other investors include Insight Venture Partners, August Capital, SAP SE, Intel Capital, WestSummit Capital and Telefonaktiebolaget LM Ericsson.

The company was cofounded by CEO Adrian Ionel in 2011, aiming for a 2016 IPO.

Grand Rounds gets $55 million for its employer-friendly doctor-patient platform

Medtech startup Grand Rounds raised $55 million in Series C according to an announcement last week, bringing all-time funding to a total of $106 million.

This platform is geared as more for B2C use than other health apps. It helps employers decide on doctors for their insurance plans that will be best for their employees, keeping health costs down for their workers and their respective companies’ insurance expenses.

The app aims to improve communication between doctors and patients, but also connects patients in more than 120 countries to specialists that can provide second opinions. Professionals are affiliated with upwards of more than 110 US health institutions according to reports.

Major funding has come from VC firm Venrock and former Facebook CFO David Ebersman. Other investors include Harrison Metal and Greylock.

The company was founded by CEO Owen Tripp and Lawrence Hofmann.

AlienVault Breaks the Chains with$52 million in new Investments

Cybersecurity firm Alienvault brought in $52 million in new funds during their Series E, with the lead infusion coming from new investor Institutional Venture Partners (IVP).

The company’s main product is its Unified Security Management (USM) platform. It also manages an open threat intelligence community platform called Open Threat Exchange (OTX).

The new round brings the total funds raised to $116 million. Other funders include GGV Capital, Trident Capital, and Kleiner Perkins Caufield & Byers.

The company purports to have over 2,000 users and claims to add between 300 and 400 new ones every quarter.


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