Ride-hailing app Uber is looking to raise as much as $2.1 billion in a funding round that would value the company at $62.5 billion, Bloomberg reports. Uber is currently undertaking an aggressive expansion plan, including spending $1 billion trying to crack the Chinese market. Bloomberg has also reported that Lyft, Uber’s biggest rival in the U.S., is seeking to raise $500 million.
Welltok, a consumer health enterprise platform as a service company, has raised a $45 million in funding from Georgian Partners, EDBI and Flare Capital Partners. The company also announced the acquisition of Silverlink, a healthcare consumer communications company. “We are excited that Silverlink is joining the Welltok family to further extend the capabilities and reach of our powerful platform,” said Jeff Margolis, Welltok’s chairman and chief executive officer. “For more than ten years, Silverlink has set the standard in reaching and communicating with healthcare consumers in a thoughtful, highly-personalized way. Their ability to identify the most effective communication channels and engage individuals online or offline ensures that we can meet consumers wherever, whenever.”
Reverb.com, a marketplace for musicians to buy and sell gear, has raised $25 million in Series B funding round led by Summit Partners. “The market for new and used musical instruments is enormous – over $23 billion globally,” said founder and CEO David Kalt. “Reverb brings new life to old musical instruments by putting them side by side with new gear while giving musicians a convenient experience with price transparency and engaging content that stokes their passion for music. With Summit’s support, we are focused on further establishing our position as the innovative leader in the market.”
ZeroFOX, a social media cyber security startup, has raised $27 million from investors including New Enterprise Associates, Genacast Ventures, Core Capital and Silicon Valley Bank. “Over the past year and a half, the ZeroFOX team has done an exemplary job of growing their company with purpose,” said Peter Barris, ZeroFOX board member and Managing General Partner at NEA. “Their development has been tailored to the increasing market demand for a powerful social media cyber security solution. Across the board, their numbers are trending in the right direction and at the right pace. I am thrilled to help guide ZeroFOX through their next phase of growth, and I’m invigorated by Highland Capital’s interest and partnership.”