Business Venture

$600M Funds For Latin America, Peloton Files, And A Thoughtful Unicorn

Welcome to the Crunchbase News Weekend Update. An email form of this post went out Saturday morning. Happy reading!

Everyone is either at Burning Man, in vacation mode, or tired of my life advice, so I’ll keep this one short, sassy, and sweet.

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This week Crunchbase News highlighted amazing immigrant founders, covered treadmills, and pulse checked upcoming IPOs, so let’s get right into it.

Starting with the big one, Peloton, an exercise equipment company which sells “happiness,” filed its S-1. Here’s a deep dive on the big numbers, and then skim this for talking points so you sound smart at your next networking event.

After that, keep reading along with our piece on how early-stage international transportation startups aren’t intimidated by Uber. And in an odd turn of events, a 7-year-old startup bought Lord & Taylor, a 193-year-old department store chain.

Moving to some nine-figure funding rounds, Enjoy raised $150 million and ThoughtSpot got to unicorn status with its $248 million Series E. Smaller rounds include The Long Term Stock Exchange raising $50 million and Ethos raising $60 million, completing its third raise in 14 months. More, as always, in Last Week In Venture.

We switched sides of the table with a few new international funds this week: to invest in homegrown startups, Latin America’s Kaszek Ventures closed two funds totaling $600 million, and Israel’s F2 Capital raised $75 million for its second fund.

Finally, jokes aside, for those of you that do have Monday off: I dare you to not be online all day. As I unpack in my second edition of the Loneliness In Tech series, using social media, at a certain point, makes us more lonely, not more connected.

We all stare at screens enough already, so take advantage of a couple face-to-face moments with friends and family instead.

Until next week,
Natasha

Illustration: Li-Anne Dias.

P.S. Follow our newest reporter, Sophia Kunthara (@SophiaKunthara) and Crunchbase News on Twitter and Facebook for daily updates.

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