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Startup News

Missing out on updates from the startup scenes around the globe? - We got you covered! This podcast will provide a 5 minute highlight reel of all that happened in the startup ecosystem last week.

Last week in startups - global

Groupon co-founder Eric Lefkofsky just raised another $200 million for his newest company, Tempus

Tempus has built a platform to collect, structure and analyze the clinical data that’s often unorganized in electronic medical record systems. The company also generates genomic data by sequencing patient DNA and other information in its lab.
When serial entrepreneur Eric Lefkofsky grows a company, he puts the pedal to the metal. When in 2011 his last company, the Chicago-based coupons site Groupon, raised $950 million from investors, it was the largest amount raised by a startup ever. It was just over three years old at the time, and it went public later that same year.
Lefkofsky seems to be stealing a page from the same playbook for his newest company, Tempus. The Chicago-based genomic testing and data analysis company was founded a little more than three years ago, yet it has already hired nearly 700 employees and raised more than $500 million — including a new $200 million round that values the company at $3.1 billion.

Password manager maker Dashlane has raised $110 million in its latest round of funding, the company.
The company said Sequoia Capital led the Series D round, with partner Jim Goetz joining the board. Dashlane also said Lyft executive Joy Howard was appointed as its new chief marketing officer and will start in August.
Dashlane said it will invest its latest funds back into its core product and will focus on addressing the needs of its consumer and business customers.

Enterprise cybersecurity startup BlueVoyant raises $82.5M at a $430M+ valuation
BlueVoyant — which provides managed security, professional services and, most recently, threat intelligence — has picked up $82.5 million in a Series B round of funding at a valuation in excess of $430 million.
the company focuses on three areas of service for its customers: threat intelligence, managed security and professional services (with the latter focused specifically on those related to security implementations and operations).

Healthcare data integration startup Abacus Insights lands $12.7M Series A
Abacus Insights, an early-stage startup that wants to help coordinate healthcare information across systems, announced a $12.7 million Series A investment today led by CRV. Existing investors 406 Ventures and Echo Health Ventures also participated in the round.
The company is trying to make it easier for health insurance companies to share data with various parties in the healthcare system, with the ultimate goal of lowering costs and helping participants across the system, from doctors to pharmacists and other healthcare practitioners, have a better understanding of the overall patient record.

Diving into acquisitions, we have Foursquare that bought Placed from Snap Inc. on the heels of $150M in new funding
Foursquare just made its first acquisition. The location tech company has acquired Placed from Snap Inc. on the heels of a fresh $150 million investment led by The Raine Group. The terms of the deal were not disclosed. Placed founder and CEO David Shim will become president of Foursquare.
Placed is the biggest competitor to Foursquare’s Attribution product, which allows brands to track the physical impact (foot traffic to store) of a digital campaign or ad. Up until now, Placed and Attribution by Foursquare combined have measured more than $3 billion in ad-to-store visits.

FireEye snags security effectiveness testing startup Verodin for $250M
The startup had raised over $33 million since it opened its doors five years ago, according to Crunchbase data, and would appear to have given investors a decent return. With Verodin, FireEye gets a security validation vendor; that is, a company that can run a review against the existing security setup and find gaps in coverage.

What else caught our eyes last week?

Just a quick shout out to all the companies that are joining the unicorn bandwagon. You know what? 2019 has already coined 42 new unicorns, like Glossier, Calm and Hims, a number that grows each and every week. For context, a total of 19 companies joined the unicorn club in 2013 when Aileen Lee, an established investor, coined the term. Today, there are some 450 companies around the globe that qualify as unicorns, representing a cumulative valuation of $1.6 trillion. However, with $100 million-plus rounds becoming the norm and billion-dollar-plus funds are standard, Unicorns aren’t rare anymore; and a lot of people are talking about rethinking the unicorn framework. Let’s see where that goes. We’ll definitely keep you updated.