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December 14, 2017
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Target buys Shipt for $550M
Finally, Alabama is in the headlines for something besides politics. This time, the story is about a local startup, Birmingham-based online grocery delivery service [Shipt]( which just sold to Target for $550 million. The deal marks the [largest known acquisition]( of a venture-backed company based in Alabama.
Ginko Bioworks secures $275M
There’s apparently big money in microbes. [Ginko Bioworks]( which produces custom microbes for use in food, pharmaceuticals, and other industrial applications, has raised $275 million in a Series D round that reportedly values the company at over $1 billion. Boston-based Ginko will use the money to build out its production facility.
Apple picks cash over startups
Apple has the most cash of any tech company. Yet historically it’s spent less on acquisitions than other technology giants, a Crunchbase News analysis finds. Could this week’s purchase of music app Shazam and a big manufacturing investment [signal a shift](
Andreessen launches biotech fund
Silicon Valley VC firm [Andreessen Horowitz]( announced that it has [raised]( its second bio fund, a $450 million investment vehicle focused on the intersection of biology and engineering. The fund will be stage-agnostic, investing across seed to growth rounds.
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Featured Searches and Lists
Name Type Entries
[Same day delivery companies with funding]( Companies 26
[Companies raise over $100M in the last 3 months]( Funding rounds 117
[Late-stage biotech investments in the last year]( Funding rounds 126
[More Featured Searches and Lists](
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Recent Investments
[Ginkgo Bioworks](
[$275M]( / [Series D](utm_mediumEmail--)
Ginkgo designs custom microbes for customers across multiple markets. The Boston-based company’s valuation is now at over $1B.
Categories:
Biotechnology · Health Care · Science and Engineering · Medical
Founders:
[Barry Canton]( [Austin Che]( [Tom Knight]( [Jason Kelly]( [Reshma Shetty](
Investors:
[Bill Gates]( [Cascade Investment]( [Viking Global Investors]( [+ 2 more](utm_mediumEmail--)
[Vayyar](
[$45M]( / [Series C](utm_mediumEmail--)
Vayyar provides sensors for various applications. The Yehud, Israel-based company has raised $79M in total funding to date.
Categories:
Hardware · Mobile · Science and Engineering · Software · 3D Technology · Augmented Reality · Semiconductor · Virtual Reality
Founders:
[Naftali Chayat]( [Miri Ratner]( [Raviv Melamed](
Investors:
[Battery Ventures]( [Amiti Ventures]( [Bessemer Venture Partners]( [+ 4 more](utm_mediumEmail--)
[Reformation](
[$25M]( / [Series B](utm_mediumEmail--)
Reformation is a sustainable fashion label. The Los Angeles-based company will use the funding to open more stores featuring its new format, which include touch-screen monitors for customers to browse collections and select garments.
Categories:
Clothing and Apparel · Commerce and Shopping · Design · Manufacturing · E-Commerce · Fashion
Founders:
[Yael Aflalo](
Investors:
[Imaginary Ventures]( [14W]( (Lead), [Stripes Group]( (Lead)
More Investments
Company Amount / Round Lead Investor
[Instana]( $20M / [Series B]( [Accel Partners](
[Paddle]( $12M / [Series B](utm_mediumEmail--) [Notion Capital](
[homelane]( $10M / [Series C](utm_mediumEmail--) –
[Clip App]( $6.0M / [Series A](utm_mediumEmail--) [Matrix Partners India](
[All Recent Funding Activity](
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Recent Acquisitions
[Shipt](
Acquired by [Target]( for $550M
More Acquisitions
Company Acquired by Amount
[Messagenet]( [Message4U Pty Ltd.]( [$15M](utm_mediumEmail--)
[All Recent Acquisition Activity](
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January 22-25, 2018 2018-01-22 in Orlando
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Demo Days
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Accelerator Deadlines
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Dec 15, 2017 [F10 FinTech Incubator & Accelerator]( Zürich
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