Greylock Partners Posts

Airbnb closes $500 million in funding with $10 billion valuation

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According to TechCrunch, Airbnb, has closed on a $500 million round of funding led by private equity firm TPG with a $10 billion valuation. Airbnb is a fast growing website that lets users rent out their properties to make some extra cash and allow travelers to save some money. Airbnb has raised a total of $826 million. It is believed that Allen & Co. helped put together this round for Airbnb.

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Map app company Citymapper raises $10 million in funding

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Citymapper is a mapping app company that helps people figure out public transportation in large cities. The company has raised $10 million in Series A funding led by Balderton Capital with participation from Connect Ventures, Index Ventures and Greylock Partners.

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Mozilla names former CMO Chris Beard as interim CEO

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Brandon Eich worked as CEO of Mozilla for a short period of time and now Mozilla has named Chris Beard as the interim CEO. Beard will also joined the Mozilla board of directors. Beard has worked through several positions at Mozilla. He joined Mozilla around eight years ago before joining Greylock Partners as an executive-in-residence in July 2013.

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Just Eat’s market capitalization set at over $2.4 billion

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Just Eat is an online restaurant delivery company that has priced its initial public offering at 260 pence per share, which gives the company a market cap of £1.47 billion ($2.44 billion). Just Eat operates websites and mobile apps that lets users order food from local takeout restaurants. The IPO is expected to raise as much as £387.1 million if an over-allotment option is used in full. Just Eat said it would receive £100 million from the fundraising.
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ClearSlide receives $50 million in funding

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ClearSlide has raised $50 million in Series C funding led by The Social+Capital Partnership. Greylock Partners, Bessemer Venture Partners, Felicis Ventures, Silicon Valley Bank, and Comcast Ventures also participated in this round. ClearSlide has raised a total of $90 million in funding. Mamoon Hamid of The Social+Capital Partnership will join ClearSlide’s board of directors. ClearSlide’s funding will be used for hiring and product development.

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EA founder’s If You Can Company receives $6.5 million

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If You Can Company has received $6.5 million in Series A funding led by Greylock Partners with participation from Almaz Capital. If You Can Company was founded by Electronic Arts’ founder Trip Hawkins.

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Domo raises $125 million in funding

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Domo is an enterprise software company that has raised $125 million in funding. TPG’s investment company arm TPG Growth led this round of funding. Other investors that participated in this round include, T. Rowe Price, Fidelity Investments, Morgan Stanley, Viking Ventures, Dragoneer Investment Group, GGV Capital, Greylock Partners, Institutional Venture Partners, and Mercato Partners.

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One Kings Lane raises $112 million in funding

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One Kings Lane is a home goods e-commerce company that has raised $112 million in funding. One Kings Lane launches new deals every day and they generally last 72 hours. The sales on the website have different themes such as “Ralph Lauren Home” and “Black and White Photography.” One Kings Lane was founded by Susan Feldman and Alison Pincus five years ago. Alison Pincus is the wife of Zynga founder Marc Pincus.
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