ClearMotion, Inc., an automotive technology company developing the world's first digital chassis, announced today a $100 million Series C preferred stock financing led by clients advised by J.P. Morgan Asset Management, with participation from New Enterprise Associates (NEA), Qualcomm Ventures, World Innovation Lab (WiL), and Eileses Capital. This round brings the company's total investment to date to over $130 million.
Arcs. Every shot has one. So does every business. Along those lines—well, curves—we’re happy to announce that Dribbble has tweaked its trajectory: we’re now part of Tiny, a new family of companies run by Andrew Wilkinson and Chris Sparling. With MetaLab, Designer News, Flow, and Pixel Union, Andrew and Chris have assembled and grown an impressive portfolio of bootstrapped design companies. By joining forces with Tiny, we hope to augment our ability to serve the design community and move faster along our product parabola.
As reported by EdSurge:
AdmitHub, an edtech startup that’s creating conversational artificial intelligence (AI) to guide students to and through college, is trying to make that happen. (In fact, the conversation above was one that we had with the company’s chatbot, Oli.) Today, the Boston-based company announced it has raised $2.2 million in seed funding to develop Oli and other campus-specific chatbots, grow its team, and expand the service to more U.S. and international institutions.
As reported by Fortune:
Music streaming service Spotify is pumping more money into its coffers.
The Swedish company has raised $1 billion in convertible debt from investors, a Spotify spokeswoman confirmed to Fortune. Private equity firm TPG and hedge fund Dragoneer Investment Group led the round, along with clients of Goldman Sachs.
As reported by The Verge:
As Apple details its own streaming music service ahead of an imminent launch, incumbent industry leader Spotify is building its defenses against the oncoming onslaught, turning to international investors to strengthen its financial position. The Swedish streaming service yesterday closed a $526 million funding round, an influx of cash that The Wall Street Journal says brings Spotify to a valuation of $8.4 billion, up from $5 billion last September.
Per Lola's blog on Medium:
I’m excited to share that we’ve secured $15M in Series B funding led by Charles River Ventures (CRV) along with additional investments from our Series A investors, General Catalyst and Accel. As part of the investment, we’re also fortunate to have CRV Partner, Jon Auerbach, join our Board of Directors.
PatientsLikeMe, the world’s largest personalized health network, has entered into a broad-ranging partnership with digital life company iCarbonX to apply next generation biological measures and machine learning, and accelerate a deeper understanding of the basis of human health and disease. iCarbonX, founded in 2015 by renowned genomicist Jun Wang, has taken a minority equity position in PatientsLikeMe and will provide multi-omics characterization services to the company. Invus, LP, PatientsLikeMe’s anchor investor for the past decade, is also participating in the equity investment.