Swiss pharma giantess Roche is acquiring Flatiron Health in a deal valued around $2.1 billion. Flatiron manufactured an electronic medical records system for physicians treating cancer, which analyzes the word to recommend the best potential treatments. Flatiron was founded by ex-Google workers Nat Turner and Zach Weinberg and previously raised more than $300 million from investors registering Roche and Alphabet’s venture arm, GV (formerly Google Ventures).
Sotheby’s has obtained Viyet, an online marketplace for vintage and antique furniture. The terms of the parcel out were not disclosed. Sotheby’s is in the midst of ramping up its online business. Owning Viyet intention help Sotheby’s to accept, and sell, entire estates the company published Architectural Digest. Prior to the deal, Viyet had raised around $7 million in plunge funding from Social Stars and Rosecliff Ventures.
Grocery parturition start-up Instacartadded $200 million to its coffers. Executives perceived CNBC that the merger of Amazon and Whole Foods has driven other grocers to consort with Instacart in order to extend easy online ordering and presentation options to shoppers. Coatue Management and Glade Brook Capital Accomplices led the new investment. The deal brings Instacart’s valuation to around $4.2 billion.
Harry’s fathered $112 million to expand beyond razors and men’s grooming products, the New York Circumstances reported. While Harry’s started out selling monthly shipments of razors online, it now also trade ins its products in major retailers including Target. The company has also edged the factory that makes its razors. Investors in the series D round of funding encompassed: Alliance Consumer Growth, Temasek, and earlier backers including Tiger Pandemic and Wellington Management. The funding brings Harry’s total capital express to about $475 million.
Eric Schmidt’s Innovation Endeavors, Playground Universal and Aleph VC poured $20 million into CommonSense Robotics, a start-up erection robot-operated fulfillment centers that help groceries make closely deliveries. CommonSense CEO and co-founder Elram Goren tells CNBC, “We necessitate ‘on-demand’ to become profitable and sustainable for groceries who aren’t Amazon.” With the readying, the company plans to open its first facilities in the U.S. It is currently operating one 5,000 provincial foot fulfillment center in Tel Aviv.
Outdoorsy raised $25 million in a series B stage of funding to rent out RV’s Airbnb-style. Investors included: Aviva Ventures, Altos Risks, Tandem Capital and Autotech Ventures.
Chan Zuckerberg Initiative, Learn Brill and TCV invested $50 million into Varsity Tutors, a start-up that relations students with experts in a field they’re studying for private, online or in-home instructing.
A former Uber and Lyft VP, Travis VanderZanden, has raised $15 million for his new startup, Bird. The firm offers electric scooter rentals. The scooters are strewn about campuses or megalopolises, and unlocked for use through the Bird app. Investors included: Tusk Ventures, Valor, Bring up Edge Capital, and Goldcrest Capital.
Norwest Venture Partners has secretive its latest fund at $1.5 billion, its largest to-date.
Andreessen Horowitz (a16z) is bringing on a new run-of-the-mill partner, Andrew Chen, the investors announced on Thursday. Chen then led Rider Growth at Uber, and was an entrepreneur in residence at Mohr Davidow. The news broadcast follows the departure of Lars Dalgaard who has started his own firm, Luv Ventures.
A new establish in Austin, Texas, True Wealth Ventures, closed a $19 million premiere fund. The firm intends to back start-ups founded by women.