Coursera, an online platform that offers university and technical classes, announced Thursday it raised $103 million in Series E funding that valued the company "well north" of $1 billion, according to a Coursera spokesperson.SEEK Group led the round, and existing investors Future Fund and NEA also participated.Coursera has 40 million registered learners, up from 26 million in June 2017.The platform 3,200+ courses, 300+ Specializations, and 14 degrees from 150 universities across the world.Visit Business Insider's homepage for more stories.Online learning startup Coursera is the newest member of Silicon Valley's unicorn club after securing $103 million in Series E funding Thursday.
I was 13 years old and had just been selected for a competitive math, science and computer science program.Of the 100 students in the program, I was one of two black girls.Just like the Earth ponies embraced the unicorns, my white and Asian classmates made me feel welcome.Six years in my intensive math, science and computer science program almost prepared me to study at MIT.Peer valuations determined part of my grade, which concerned me.They’d been excluded from team meetings, and assigned the most menial tasks.
And while freight demand is stronger than ever — the American Trucking Association forecasted last year a 35.6% increase in shipment volumes by 2029 to 21.7 billion tons — there’s a driver shortage, with high turnover at least partially to blame.In a little over five years, they’ve attracted tens of millions in venture capital from a bevy of investors, and they today announced the closure of a fresh financing round that catapults KeepTruckin to “unicorn” status.The San Francisco startup raised $149 million in series D funding led by Greenoaks Capital, with participation from existing investors IVP, GV, Index Ventures, and Scale Venture Partners, bringing its total raised to $228 million following a $50 million series C last year.Makani said the fresh funds will be used to fuel the company’s continued growth through hiring, to invest in hardware and machine learning (specifically asset management tools), and to establish new partnerships.“Our platform unlocks the data that makes this vision possible.”KeepTruckin offers a comprehensive toolkit that helps fleet managers and partners comply with rules and regulations, track shipments, ensure a baseline level of driver safety, and keep vehicles operating in tiptop shape.
Fastly, the content delivery network that’s raised $219 million in financing from investors (according to Crunchbase), is ready for its close up in the public markets.The eight-year-old company is one of several businesses that improve the download time and delivery of different websites to internet browsers and it has just filed for an IPO.Media companies like The New York Times use Fastly to cache their homepages, media and articles on Fastly’s servers so that when somebody wants to browse the Times online, Fastly’s servers can send it directly to the browser.E-commerce companies like Stripe and Ticketmaster are also big users of the service.They appreciate Fastly because its network of servers enable faster load times — sometimes as quickly as 20 or 30 milliseconds, according to the company.True to its word, the company is hoping public markets have the appetite to feast on yet another “unicorn” business.
Shares of Zoom (Nasdaq: ZM) began trading at $65 a pop Thursday morning after the video conferencing unicorn priced its shares at $36 apiece Wednesday, above its anticipated range.The company initially planned to price its shares at between $28 and $32 per share, but following big demand for a piece of a profitable tech business, Zoom increased expectations, announcing plans to sell shares at between $33 and $35 apiece.The initial public offering gives Zoom a fully diluted market cap of roughly $10 billion, or 10 times larger than the $1 billion valuation it garnered with its last round of private funding in 2017.
Pinterest priced its IPO at $19 a share on Wednesday, giving it a valuation of $10 billion.It's above the range the company originally set for its IPO, though still below its last private funding valuation of $12.3 billion.Pinterest is expected to start trading on Thursday on NYSE under the ticker symbol "PINS."Pinterest, the self-described "visual discovery" platform, priced its IPO at $19 a share on Wednesday, giving it a valuation of $10 billion.The company is expected to start trading on the New York Stock Exchange on Thursday under the ticker symbol "PINS."It's joined by another multi-billion dollar unicorn — Zoom, the video conferencing platform, which is also expected to list on Nasdaq on Thursday under the ticker symbol "ZM."
Zoom, a relatively under-the-radar tech unicorn, has defied expectations with its initial public offering.The video conferencing business priced its IPO above its planned range on Wednesday, confirming plans to sell shares of its Nasdaq stock, titled “ZM,” at $36 apiece, CNBC reports.The company initially planned to price its shares at between $28 and $32 per share, but following big demand for a piece of a profitable tech business, Zoom increased expectations, announcing plans to sell shares at between $33 and $35 apiece.The offering gives Zoom an initial market cap of roughly $9 billion, or nine times that of its most recent private market valuation.Zoom plans to sell 9,911,434 shares of Class A common stock in the listing, to bring in about $350 million in new capital.If you haven’t had the chance to dive into Zoom’s IPO prospectus, here’s a quick run-down of its financials:
For seven years, Pinterest has been considered a “unicorn,” boasting a valuation larger than $1 billion since its 2012 Series C funding round.Before that, it was considered an underdog, puzzling some investors with its “digital pinboard” and preference for “quality growth.”Now, as the company takes its final step toward its Thursday NYSE initial public offering, it’s being called an “undercorn.”Pinterest plans to sell shares of its stock, titled “PINS,” at $15 to $17 apiece, less than the roughly $21 per share it charged private market investors to participate in its mid-2017 Series H, its last private financing.That IPO price translates into a mid-range valuation of $10.64 billion, or nearly $2 billion under the $12.3 billion valuation it garnered after its last round, hence “undercorn.”There are many potential causes to a down round like this.
When a South Australian man laid eyes on Joey the “unicorn” sheep he knew he couldn’t let such a rare animal end up on someone’s dinner plate.Michael Foster is a stock agent but in all his years being around sheep he had never seen anything like Joey, he told Seven.The unusual sheep has a horn growing from the middle of his head, making him look like a unicorn.Joey’s mythical appearance comes from one of his horns not fully developing, making one a lot more prominent than the other.“I thought it might have been a joke to start with, but I thought, ‘yeah it looks like a unicorn’,” he told the news station.“To the best of our knowledge, it is the only one in Australia.”
Outreach, a Seattle, Washington-based software startup developing a semiautomated sales engagement platform, today announced that it’s raised $114 million in a series E funding round led by private investment manager Lone Pine Capital, with participation from a wealth of new and existing investors including Meritech Capital Partners, Lemonade Capital, DFJ Growth, Four Rivers Group, Mayfield, Microsoft Ventures, Sapphire Ventures, Spark Capital, and Trinity Ventures.It values the company at a whopping $1.1 billion and follows a $65 million series D venture capital round in 2018, bringing Outreach’s total funding to date to $239 million.CEO Manny Medina said the cash infusion will allow it to double its machine learning team, expand its international footprint, and further grow its partner ecosystem, adding that he expects Outreach to reach an annualized sales rate of $100 million within the next year.“That’s right: Outreach is officially a ‘unicorn’ and the only one in the rapidly growing sales engagement space,” said Medina, a former Microsoft director.“Through market education and creating a product that delivers on the promise of an inherently better workflow for all customer-facing teams we have built the sales engagement category from the ground up and are uniquely positioned to leverage this momentum across the entire enterprise.This funding will enable us to continue innovating directly for the end user, using the latest in machine learning and natural language processing to deliver a platform that is easy to use and provides immediate value through every action.”
Noting in a well-read post for TechCrunch that an interesting cohort of private companies worth a billion dollars or more was worth examining, the post brought the “unicorn” into its current usage inside of tech.Now unicorns swarm like fleas, and simply snagging a $1 billion valuation these days is something that has been done in mere months and is a well-known vanity tactic used to juice hiring.This has now gone on so long that many of us in the tech-focused journalism space are sick of saying the word.Bored capital was pooling in venture coffers where it was itching to be disbursed by the wealthy into the holsters of the privileged.And thus the companies that in other cycles might have gone public simply didn’t, and the ranks of unicorns multiplied.(A centacorn, I suppose, would be worth $100 billion?)
Pan-African e-commerce company Jumia listed on the New York Stock Exchange today, with shares beginning trading at $14.50 under ticker symbol JMIA.This comes four weeks after CEO Sacha Poignonnec confirmed the IPO to TechCrunch and Jumia filed SEC documents.With the public offering, Jumia becomes the first startup from Africa to list on a major global exchange.In an updated SEC filing, Jumia indicated it is offering 13,500,000 ADR shares, for an opening price spread of $13 to $16 per share, representing 17.6 percent of all company shares.The company became the first African startup unicorn in 2016, achieving a $1 billion valuation after a funding round that included Goldman Sachs, AXA and MTN.Jumia’s SEC F-1 prospectus offers us more insight into the venture, and perhaps any startup from Africa, thus far.
What happened: Three Chinese unicorns are expected to scrap their plans to list in Hong Kong in favor of Shanghai’s new tech board, which features relaxed trading rules and listing requirements announced in late January.Qingdao Haier Biomedical Co., Sun Car Insurance Agency Co. and Certusnet Information and Technology Co. gave a vote of confidence to the Shanghai stock exchange, which loosened its financial regulations pertaining to high-tech companies in order to encourage key homegrown and foreign tech players to trade in China.Why it’s important: The Shanghai tech board marks a monumental change in China’s financial policy, waiving the valuation cap, a de facto rule since 2014 that has led many local publicly traded companies to take their business to the US or Hong Kong.It also loosens the rules on first day trading and allows for shares with different voting rights, a measure which gives founders greater control.The financial authorities’ bet seems to be working, but analysts have said the companies who are among the board’s list of 60 candidates are similar to those traded over-the-counter in Beijing.Whether big tech players will be convinced by Shanghai’s offering remains to be seen.
Uber is expected to file it's initial public offering (IPO) documents as soon as Thursday.The company will follow its biggest competitor Lyft to public markets, though Uber's could be ten times larger.The ride-hailing giant's offering could be one of the largest in years, and could raise the tech unicorn more than $10 billion to continue its global expansion, but there's one big cloud casting a shadow on everything: Lyft.Uber's biggest competitor has about a 35% market share in the United States, and beat the company to public markets last month, netting a valuation of about $18 billion.Both companies are deeply unprofitable — and provide basically the same basic services — so the competition comes down to other factors: driver pay, market share, and other factors that can help get the companies to positive cash flow."The primary issue is around the underlying metrics that Uber will discuss around take rates, ride sharing data, driver ecosystem, and a myriad of other metrics relative to Lyft which may put the company in a more negative light," Daniel Ives, an analyst at Wedbush, said in a note to clients Thursday.
Today, a startup that aims to do this for the engineering world raised a big round of funding to do that.Triplebyte — which offers personalised online coding tests (the tests ask you questions based on how well you have answered previous problems) and subsequent technical interviews to help screen candidates for prospective employers — is announcing that it has raised a Series B of $35 million, underscoring the demand it has seen for its services and the opportunity to grow the business further.“More companies than ever before are hiring engineers, but we thought the default for sourcing those who are already in jobs — using LinkedIn — was not good enough,” said CEO Harj Taggar, who co-founded Triplebyte with Guillaume Luccisano (CTO) and Ammon Bartram (COO), in an interview this week.The funding is being co-led by Ali Rowghani from YC Continuity and Brian Singerman from Founders Fund.Taggar said Triplebyte is not disclosing its valuation with this round — it’s raised $50 million to date — but he hinted that it is in the “hundred million multiples towards being a unicorn.”In addition to going though the YC program, Taggar was one of the first two outside partners that the storied accelerator ever hired, before jumping back into founding his own startup (he was also previously a co-founder of Auctomatic, acquired by LiveCurrent Media, along with Stripe’s Patrick Collison and Kulveer Taggar).
The German banking regulator Bafin is investigating digital banking starlet N26, after reports emerged of fraudulent transactions and problems with the bank’s communications structure.Concerns about N26 were first reported in October by German newspaper Handelsblatt, before further inquiries by Bafin were said to have revealed numerous deficiencies at the fintech startup.N26, which counts Monzo, Revolut and Starling Bank among its rivals, has now been asked to correct the shortcomings.Customers complained of fraudulent activity going ignored at the bank due to poor reporting processes, in one instance relating to theft of about €80,000 (£68,848).Users said they were unable to get a response through its chatbot or by email for several weeks, which were the only means of talking to staff.Banks are also said to have criticised N26’s ability to be contacted and communicated with regarding fraud occurring in its accounts and other criminal activity.
Harmon Brothers, the masterminds behind Squatty Potty’s pooping unicorn, have taken on a topic even more taboo than bathroom habits: porn addiction.Creating a superhero called Colossal Man, who can hoist an occupied car but can’t single-handedly stamp out his dependence on porn, the boutique agency sprinkles the new work with sight gags, buddy comedy and wacky situations.“We knew this was going to be a big challenge,” says Daniel Harmon, chief creative officer, noting that the team drew on its history of dealing with delicate subjects, like human waste (Poo Pourri) and below-the-belt body odor (Lume).“We all poop, we all have body odor, and a whole lot of people struggle with pornography, whether we talk about it or not.”The 5-minute digital film, starring Colossal Man; his wife, Jen; and his friend, Jeff (aka Wingman), touts an app from a brand called Covenant Eyes.The software, with accountability built in via users’ hand-picked allies, aims to “break the shame cycle” that keeps people addicted to watching Internet porn even when they want to quit, according to the pitch.
A total of 147 companies were deemed unicorns, named after the mythical creature because of their rarity, in the first quarter of 2019, according to a MoneyTree report from PwC and industry watcher CB Insights released on Tuesday.Ten new companies entered the list of firms with valuations of a $1 billion or more, according to the report, including mattress startup Casper and cosmetics company Glossier.Unicorns reached a combined value of $582 billion in the first quarter, the highest aggregate value ever recorded.The growing population of unicorns comes as a wave of tech companies are expected to go public.Lyft, a ride-sharing company, went public last month.The report found that IPO activity dipped in the first quarter.
India has a new unicorn after Dream11, an online fantasy sports service, claimed its valuation has surpassed $1 billion following a new investment.This isn’t your regular unicorn valuation deal.Instead, the company — which hosts cricket, NBA, soccer and other sports contests — crossed the milestone through a secondary sale that reportedly involves the transfer of a small amount of stock.Dream11 said today that Steadview Capital purchased an undisclosed amount of shares from existing investors Kalaari Capital, Think Investments and Multiples Equity.India’s Economic Times reported that the deal is worth around $60 million and that it values Dream11 at $1 billion-$1.5 billion.If correct, that would represent a big jump on the $500 million valuation that the company reportedly landed last September when Chinese internet giant Tencent was said to have led a $100 million Series D.