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Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.
Didi-Kuaidi confirms $2B round
China’s car-hailing service Didi Kuaidi raised a total of $2 billion in its latest round. The company told Venture Beat last month that it had raised $1.5 billion, however, Reuters reported today that it received an extra $5 billion “due to tremendous interest from global investors.”
Reuters cited sources that estimate Didi Kuaidi’s valuation at $15 billion.
Read more: Reuters
Venture firm Klass announces $150M for future investments
Klass, a venture capital firm that focuses on investments for enterprise software startups, announced that it is “committing” $150 million to new investments. It said that it will make investments ranging between $20 and $40 million per year, over a period of five years. The firm also announced that analysts Kevin Gabura will join the board to support investment strategies.
The funds will be divided between $1-10 million per investment on growth equity and secondary equity, and acquisitions with initial commitments of $20 million.
The valuation of WeWork appears to have gone up quickly. In December, when it was reported that WeWork had raised a $355 million funding round, the company’s valuation was approaching $5 billion. Now, the company is valued at $10 billion, according to the Journal.
Confluent, the startup providing commercial support for and building tools on top of the Apache Kafka open-source software, announced today a $24 million funding round. The news comes just eight months after Confluent spun out of LinkedIn with $6.9 million in tow.
Confluent has 18 people on staff. Kreps declined to provide information about how many customers the startup has accumulated. To date, Mountain View, Calif.-based Confluent has raised $31 million.
Index Ventures is leading the new round, with investor Mike Volpi joining the board. Volpi has previously backed open-source startups Big Switch, Elastic, and Hortonworks. Previous investor Benchmark Capital is also participating in the new round.
Language-learning startup Babbel has raised $22 million to help expedite product development and expansion across the Americas.
Today’s announcement takes the company’s total known funding past the $30 million mark, including $10 million raised in 2013, though it did raise a “significant” undisclosed amount way back in 2008. The latest round was led by new investor Scottish Equity Partners (SEP), with contributions from existing investors, including Reed Elsevier Ventures and Nokia Growth Partners (NGP).
Anti-crashing software Bugsnag partners with Benchmark after $7.2M round
San Francisco-based company Bugsnag, a company that claims to have processed “over 10 billion application crashes from thousands of top technology companies, including Square, OpenTable, StubHub. CBS Interactive, GitHub, and Slack,” announced that they closed a $7.2 million round.
Benchmark led the series A round, and the company’s general partner Eric Vishria will be joining Bugsnag’s board. The funds from the round will be used to hire “more talented humans.”
Publishing tool Apester snags $5M
Apester, a platform that lets publishers add polls, surveys, and tests to their stories, announced today that it raised $5 million. Mangrove Capital Partners led the round.
Other investments came from Tal Simantov, former AOL CMO, and Gigi Kaplan founder Tal Keret.
Apester said it will use the funds to fuel business development.
Karmic Labs wants to deliver the future of expense management. To get there it just raised $5 million, with Greycroft Partners leading the funding round.
Founded in the fall of 2014, Karmic Labs is based in San Francisco. The startup has a team of eight employees, some of whom hail from Google, Visa, and American Express. The company will be looking to expand that team in the coming months to support new customers.
IrisVR takes in $1.6M from Valar and Indicator Ventures
Valar Ventures and Indicator Ventures led a $1.6 million round for architecture virtual reality software IrisVR. The New York-based company announced that it is working on software “that can transfer any digital 3D model into an immersive Virtual reality experienced.”
IrisVR is a Techstars graduate and it is said it is planning to launch the next version of the IrisVR platform in 2016.
KnowledgeHound raises $1.2M
Enterprise data startup KnowledgeHound announced yesterday that it closed a $1.2 million seed round led by Jeff Cantalupo from Listen Ventures, and Mark Mitten, founder of Mitten Group.
The company said it will use the money from the round to grow its search engine, data-visualization and data-science teams.
This list will be updated with breaking funding news all day. Check back for more.
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