Jelle van Wijhe
Jelle is data whisperer and content sherpa for Index. He enjoys tinkering in backend dev and winning at squash. He's also TNW's not yet deth Jelle is data whisperer and content sherpa for Index. He enjoys tinkering in backend dev and winning at squash. He's also TNW's not yet dethroned champion of ping pong.
This week in tech news has been huge. A market-shaking announcement in Google’s restructuring spiked the company’s stock by 6 percent.
You probably didn’t miss that one, but if you’ve had a busy week we’ve got you covered with a collection of the most important tech news snapped up by the Index algorithms:
This week in numbers
Index filed 138 funding events this week. Median investment amount was $1.7 million, a decrease of 66 percent compared to last week. The largest event was a mammoth $4,6 billion strategic investment by Alibaba into China-based electronics retailer Suning.
Four breakout funding rounds
NBC Universal’s investment $200m in Vox Media was confirmed, with a $850 million pre-money valuation. Vox has raised about $300 million to date.
Smart glass company View hauled in a $150 million round from various investors. Its total funding collected to date has hit $460 million.
Jessica Alba’s company Honest Co. raised a $100 million Series D round, bringing the eco-products company to a $1.7 billion valuation.
Singapore’s Grabtaxi raised a $400 million round, led by China Investment Corp (CIC). The round brings Grabtaxi’s total funding close to $1 billion.
Google reorganized under new umbrella company called Alphabet [The Next Web]
NBCUniversal Buys Big Chunks of Vox Media and BuzzFeed [re/code]
Adobe and Pagefair report says 198m people block ads, costing publishers over $22B this year [The Next Web]
HTC cutting 15 percent of workforce as it battles poor sales [The Verge]
Infor Buys Supply Chain Management Firm GT Nexus [Wall Street Journal]
Code for Africa gets $4.7m boost from Bill and Melinda Gates foundation [memeburn]
That’s our overview of the week in funding news and trending headlines, refined from raw Index data and curated by our team.
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