Change.org, an online petition company, has raised $25 million in funding from 24 big name investors including Bill Gates, Richard Branson, Arianna Huffington, Ashton Kutcher and the co-founders of Twitter, LinkedIn and Yahoo. The company will use the funds to accelerate its growth. Pierre Omidyar, founder of eBay, also participated having previously led the company’s two previous rounds of funding. Change.org allows users to create petitions and drum up support for social issues. The company has raised $50 million since it was founded in 2007.
Dynamics, which provides interactive payment cards and systems, has closed a $70 million Series C round of funding. New investors MasterCard and CIBC joined existing backers Bain Capital Ventures and Adams Capital Management in the round. The company will use the funds to scale its manufacturing operations and extend its product lines. “We have successfully brought to market the only offering that provides banks with interactive functionality on the physical card and we are doing it as a young, growing player in an extremely established marketplace. Consumers can now enjoy additional value whenever they make a purchase simply by pressing a button on their card,” said Jeff Mullen, Chief Executive Officer, Dynamics.
Storage platform DataGravity has secured $50 million in Series C financing led by Accel Partners. Previous investors Andreessen Horowitz, CRV and General Catalyst Partners also participated in the round. The company, which has now raised a total of $92 million to date, will use the funds to accelerate product development. “The DataGravity vision of the direction ‘storage’ should be going is very compelling and exciting. It is grounded in deep technical innovation – businesses that deploy this technology will gain a competitive advantage,” said Ping Li, venture capitalist with Accel Partners. “Speaking with DataGravity channel partners and customers crystallized the value DataGravity will bring to businesses. I look forward to working with the team as it makes storage data-aware for more organizations.”
Didi Dache, a Chinese cab-hailing app, has raised more than $700 million in a funding round led by Temasek Holdings, DST Global and previous investor Tencent Holdings. The company will use the funds for new product development and to offer its services to more users. Didi Dache currently covers more than 300 cities in China and boasts more than 100 million registered users. The company has raised $817 million to date.