Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.
This week Kate was in China, so TechCrunch’s Danny Crichton and Alex took the helm while she was out grilling Lime. So, with our producer (the excellent Mr. Gates) in San Francisco and Danny in New York and Alex in the provinces, we got into the following to start:
Pivoting into the biggest news from the week, 1Password raised a comically large $200 million Series A round of funding. The firm quite obviously hadn’t raised much capital before, but had grown to be quite large. Hence the large check. Recall that Series A really means a company’s first institutional round, not a specific dollar range.
Next we discussed DoorDash and its possible $100 million add-on to its $600 million round from earlier this year. The new capital should keep the on-demand technology company’s valuation pegged just above where it was set during its preceding round. So, a down round this is not.
Meanwhile, Docker received a $35 million investment from Benchmark and sold much of its business to Marantis, which has all the appearances of a recap for the formerly high-flying unicorn.
What else? Juul is laying off staff, WeWork is still losing an ocean of dollars and Line is partnering up with Yahoo Japan.
Equity drops every Friday at 6:00 am PT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.