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.
Real estate company Compass scores $50M to further expand in the U.S. market
Real estate company Compass announced today that it closed a $50 million expansion round lead by Institutional Venture Partners. Compass, a company that aims to enable real estate agents with technology that makes “selling and renting a home intelligent and seamless,” currently operates in Manhattan, Brooklyn, Washington D.C., and Miami.
The company has raised a total of $123 million to date, including a $40 million round last year. Compass said it will use the funds from its latest round to power expansion in other markets, including Dallas, the Hamptons, Los Angeles, Philadelphia, San Francisco, and Seattle.
Sources close to the company told VB that the round sets Compass’ valuation at about $800 million (last summer it was $360 million). Thrive Capital, Founders Fund, 406 Ventures, and Condé Nast’s parent company Advance Publications, Inc. also participated in the investment.
AI Weekly
The must-read newsletter for AI and Big Data industry written by Khari Johnson, Kyle Wiggers, and Seth Colaner.
Included with VentureBeat Insider and VentureBeat VIP memberships.
More: Compass
Uber’s India rival, Ola, is reportedly raising $500M at a $5B valuation
Uber’s main rival in India, Ola, is raising a fresh round of funding of up to or more than $500 million, according to multiple reports.
News that Ola has already secured $225 million as part of the round was first reported by Mint on Sunday. The India-based publication, however, did not comment on the new valuation — Ola was most recently valued at about $2.5 billion as of a $400 million funding round in April.
TechCrunch seems to have first reported the new $5 billion valuation, but that has since been followed by the Wall Street Journal and Reuters. The three publications are each citing their own sources familiar with the deal.
B2C marketing cloud Emarsys takes on $33M series A, primed for rapid expansion
Emarsys, an all-in-one marketing cloud for predictive marketing, personalization, analytics, and marketing automation, today is announcing a $33 million equity investment from San Francisco-based Vector Capital. Emarsys has more than 500 employees serving more than 1,300 clients in 140 countries from 16 global offices. The funding will be used to further develop the platform and allow for a full operational buildout of teams in the U.S. and Latin America. It’s the first investment in the company’s 15-year history.
Google Capital makes a $32.5M bet on smart health insurance company Oscar
Google Capital has made a $32.5 million investment in the online health insurer and doctor finder Oscar, bringing the startup’s funding total up to $352.5 million at a valuation of $1.75 billion.
The investment comes not too long after Oscar took a monster $145 million funding round in April, at which time the company’s valuation was $1.5 billion.
Oscar does business only in New York and New Jersey, but has racked up 40,000 customers in those states, according to the Wall Street Journal‘s story on the funding announcement. The company has said it plans to offer its health plans to customers in Texas and California in early 2016.
Disaster recovery startup Datos IO launches with $15.25M
Datos IO, a startup that builds software intended to back up data stored in distributed applications and databases, is coming out of stealth mode today and announcing $15.25 million in venture capital funding.
The startup has developed disaster recovery software that lets companies go back to previous versions of the NoSQL database distributed by Cassandra. The idea is to provide similar tooling for other modern scale-out databases, such as MongoDB. The tools, including open-source “application listeners” that monitor for changes, will become available in the first quarter of next year.
This list will be updated with breaking funding news all day. Check back for more.
Correction: Sources close to Compass told VB the company’s valuation hits around $800 million. A previous version stated Compass had disclosed its valuation.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More