KKR announces plans to acquire WebMD
NYC-based investment firm KKR has agreed to buy WebMD and its entire portfolio of websites for $2.8 billion. A representative at WebMD said this is a strategic move for stockholders, as it’s sure to maximize value. [CNN]
Vivek Kundra named Outcome Health’s new COO
This week, health intelligence company Outcome Health named Vivek Kundra as Chief Operating Officer. Earlier this year, he joined the team as Executive Vice President, Provider Solutions, where he was responsible for developing a go-to-market strategy for growth and innovation. In his new role, he will also lead the revenue, product and operations teams. [Press release]
Top fundings of the week
Betterment, $70 million.
Investors: Francisco Partners, Menlo Ventures, Bessemer Venture Partners, Kinnevik AB
Betterment raised $70 million in a Series E funding round. The largest independent automated investing service in the U.S., the company has seen a $6 million growth in assets in the past 15 months alone. This funding round will help increase that number even further. [Built In NYC]
PebblePost, $47 million.
Investors: Silicon Valley Bank, Horizon Technology Finance, Tribeca Venture, Greycroft Partners, RRE Ventures
Marketing tech company PebblePost just expanded its Series B round to $47 million through a combination of equity and debt funding. With adtech funding at a five-year low, the company felt a non-VC approach was the right choice. [Built In NYC]
Dynamic Yield, $31 million.
Investors: La Maison Interiors, Deutsche Telekom Capital Partners, Emerge, Bessemer Venture Partners, Baidu, Marker, Innovation Endeavors, Global Founders Capital, Vertex Ventures, ClalTech
Marketing tech company Dynamic Yield added another $9 million to its Series C funding round, bringing the total up to $31 million. The company made a strategic move to add more funding as a way to get European investors involved and grow that market. [TechCruch]
Rebagg, $15.5 million.
Investors: Big Sur Ventures, U-Start, Crosslink Capital, FJ Labs, General Catalyst, Novator
Rebagg, a re-sale service for luxury goods, raised a Series B funding round to expand both the team and the product. They’ll focus on hiring employees and further developing their pricing technology. The new funding puts the total raised to date to $28 million. [Press release]
LendKey, $13 million.
Investors: TTV Capital, Gotham Ventures, Updata Partners, DFJ, North Atlantic Capital
LendKey, a lending-as-a-service solution for banks and credit unions, raised $13 million in a Series C funding round of equity and debt financing. The funding will be used to expand its services and staffing and maintain the steady growth they’ve seen since their start eight years ago. [Press release]
BentoBox, $4.8 million.
Investors: Clark Valberg, RiverPark Ventures, Paul Appelbaum, Jason Finger, LaunchCapital, Bullpen Capital
BentoBox, a website-building platform for restaurant owners, raised $4.8 million in a Series A funding round. The solution helps non-techies build customizable sites without having to deal with a CMS. The funding will go toward growing the sales team, as well as developing a new marketing tool for clients. [TechCrunch]
Images via featured company and Shutterstock.
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