Fundings

CardUp raises $1.7M to help small businesses get more out of their credit cards

CardUp founder and CEO Nicki Ramsay (front, second from right) with her team CardUp, a Singapore-based startup that enables users to make large, recurring payments by credit card even to recipients that don’t accept cards, has raised $2.2 million SGD (about $1.7 million) led by Sequoia India and SeedPlus. This is CardUp’s first institutional investment …

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Oscar Health raises $165 million at reported $3B valuation

Oscar Health, the startup run by Josh Kushner (yes, brother of Jared), has raised $165 million at a reported valuation of $3.2 billion, CNBC’s Christina Farr reports. The funding comes from Alphabet’s Capital G investment company and Verily life sciences corporation, Founders Fund, and others. Oscar’s goal is to outpace existing industry-leading insurers including UnitedHealth …

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Rackspace may reportedly go public again after a $4.3B deal took it private in 2016

Rackspace, which was taken private in a $4.3 billion deal in August 2016 by private equity firm Apollo Global Management, is reportedly in consideration for an IPO by the firm, according to a report by Bloomberg. The company could have an enterprise value of up to $10 billion, according to the report. Rackspace opted to …

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3D printed rocket maker Relativity raises $35M to simplify satellite launches

LA-based space startup Relativity has raised $35 million in Series B funding, in a new round led by Playground Global, and including existing investors Social Capital, Y Combinator Continuity and Mark Cuban. The funding will help the startup expand its automated, 3D-printing process for manufacturing rockets quickly and with greatly reduced complexity, with the ultimate …

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Alphabet X spinout Dandelion raises $4.5M to built out its geothermal heating and cooling system for homes

Dandelion, a clean energy startup that was originally incubated inside Google parent Alphabet, has raised $4.5 million in funding to build out its business — a geothermal heating and cooling system for homes that claims it will drastically reduce its customers’ bills — it claims to cut bills in half (notwithstanding the upfront costs, more …

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Smartsheet files for IPO

Smartsheet is the latest company to file to go public, now that the IPO window is open.  The Bellevue, Washington-based company offers enterprise software for communication and collaboration. It describes itself as the “leading cloud-based platform for work execution, enabling teams and organizations to plan, capture, manage, automate, and report on work at scale, resulting in …

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