Top VC deals: Elon Musk backs The Boring Company, Samsung and BMW are backing Mapillary
- Tesla and SpaceX CEO Elon Musk led a $113 million investment in another venture he co-founded, The Boring Company.
- The venture arms of Samsung and BMW are backing Mapillary, an independent provider of street-level imagery and map data.
Here’s a roundup of the most important deals in venture capital from the past week.
Elon Musk’s Boring Company raised $113 million in new venture funding. Founded in 2012, The Boring Company digs tunnels for mass transit and freight transport. It is currently seeking to develop four regional projects including plans for the East and West coasts, a loop connecting D.C. and Baltimore, and a loop between downtown Chicago and the O’Hare airport. Co-founder Musk, who is also the CEO of Tesla and SpaceX, provided $100 million of the round.
An online reviews site for plastic surgeons and cosmetic treatments, RealSelf, raised $40 million from Elephant VC. Earlier, the Seattle-based company was backed by Expedia and Zillow founder Rich Barton, and early Amazon investor Nick Hanauer. RealSelf features more than 2 million patient-generated, anonymous reviews, the company said in a statement.
Singapore-based Zimplistic, a start-up that makes smart kitchen appliances, has raised $30 million in new funding from Credence Partners and a start-up fund that is part of Singapore’s Economic Development Board. The company told Tech In Asia it plans to use the capital, in part, to popularize its Rotimatic, an appliance which makes fresh Indian flatbreads at home.
BMW iVentures, Samsung Catalyst Fund and other investors are pouring $15 million into Mapillary, an independent provider of street-level imagery and map data to cities, transportation and mobility businesses.
A peer-to-peer car-rental company called Turo (previously known as RelayRides) raised $12 million in series D funding from American Express and Sumitomo. The funding brings the company’s total capital raised to $205 million. Turo is best known for connecting renters to luxury and sports cars and even some rare vehicles for daily rentals.
XPert Sea raised $10 million CAD (about $8 million USD) in a round led by Obvious Ventures and Aqua-Spark, joined by Real Ventures. The company’s bucket-like device, computer vision and machine learning software is used by shrimp and fish farms or hatcheries to count organisms, and gather data about their health and growth.
An enterprise health tech company, PokitDok, raised $4 million in new funding, according to an SEC filing on Friday. The San Mateo, California-based start-up uses APIs and blockchains to enable a secure flow of data between different health-care businesses facing stringent regulations.