Founders Fund

Startups Weekly: Flexport, Clutter and SoftBank’s blood money

Plus, Pinterest is going public too, Lyft's IPO is imminent and London is home to the largest pre-seed fund ever.

Logistics startup Flexport just raised a SoftBank-led round at a whopping $3.2 billion valuation

Flexport, a 5.5-year-old, San Francisco-based full-service air and ocean freight forwarder, says it has raised $1 billion in fresh funding led by the SoftBank Vision Fund. Earlier backers of the compa

Keith Rabois joins Founders Fund amid transition at the firm

Longtime investor Keith Rabois is joining Founders Fund as a general partner, the firm let us know today. He brings its total number of partners to nine. According to Founders Fund, Rabois will invest

Indonesia-focused Intudo Ventures raises new $50M fund

Intudo Ventures, a VC firm focused on Indonesia, has closed a new $50 million fund. This is Intudo’s second fund to date following its $20 million debut last year. The firm is a relative newc

Ritual raises $25M for its subscription-based women’s daily vitamin

Ritual is backed by Norwest Venture Partners, Forerunner Ventures and Founders Fund.

Startups Weekly: Even Gwyneth Paltrow had a hard time raising VC

This week in startups: Celebrities mingle with VCs at the Upfront Summit, Pinterest preps banks for IPO and Sam Altman has a grand new idea.

Wellness startup Hims enters the unicorn club with $100M investment

Men and women's wellness startup Hims has raised $100 million on a $1 billion pre-money valuation.

Peter Thiel’s Valar Ventures targets $350M for new funds

Valar Ventures plans to raise $350 million across two new funds, according to a pair of SEC documents filed this morning.

More investors are betting on virtual influencers like Lil Miquela

Brud, the company behind the virtual celebrity Lil Miquela, is now worth at least $125 million thanks to a new round of financing the company is currently closing. Meanwhile, new venture-backed compan

Postmates lines up another $100M ahead of IPO

Postmates has landed a $100M investment to compete with SoftBank-backed competitor DooDash ahead of an IPO expected later this year.

Synapse raises $6M to bring neural net weapon detection to x-ray machines

With all of the advances made by computer vision tech in the past few years, it might seem a little crazy that so much of the x-ray security equipment being used at sensitive locations is leaning so h

Distinguished VCs back wholesale marketplace Faire with $100M at a $535M valuation

Kirsten Green of Forerunner Ventures, Keith Rabois of Khosla, Alfred Lin of Sequoia and Alex Taussig of Lightspeed are backers of Faire.

Zizoo, a booking.com for boats, sails for new markets with $7.4M on board

Berlin-based Zizoo — a startup which self describes as booking.com for boats — has nabbed a €6.5 million (~$7.4M) Series A to help more millennials find holiday yachts to mess about ta

Africa Roundup: Local VC funds surge, Naspers ramps up and fintech diversifies

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Transsion’s Future Hub and Kenya’s Wapi Capital

Men’s wellness startup Hims has launched a line of women’s health products called Hers

Hims has a new women's brand offering birth control, the 'female viagra,' shampoo, skin care and more.

The tactics behind The Athletic’s breakout success in sports subscriptions

Local newspapers may be shuttering and people may be consuming most news on social media, but don’t tell Alex Mather that a subscription news publication can’t grow like a unicorn startup.

Summersalt raises $6M for its direct-to-consumer line of eco-friendly swimsuits

Founders Fund has led the $6 million Series A for the startup, which plans to use the investment to launch a line of travel apparel.

Synthego raises $110 million to make gene editing technologies more accessible

Paul Dabrowski, the chief executive officer of Synthego, which provides genetically engineered cells to scientists and researchers, worries about a future where access to the genetic technologies that

China is funding the future of American biotech

Silicon Valley is in the midst of a health craze, and it is being driven by “Eastern” medicine. It’s been a record year for US medical investing, but investors in Beijing and Shangha

Last day to buy early-bird tickets for TC Sessions: AR/VR 2018

Holy smokes, TC Sessions: AR/VR 2018 is less than a month away, and it’s going to be an epic, day-long event. But listen up tech fans, the following reality is neither augmented nor virtual: our $99
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