Instacart closed on its latest $150 million funding round.
The Series E financing, which brought in a total of $350
million, was led by Tiger Cub Coatue Management. Other participants
include Glade Brook Capital, headed by Tiger
Grandcub Paul Hudson. This brings the valuation of the
online-enabled grocery delivery service to $4.35 billion,
according to the company. It has raised more than $1 billion
since its founding in 2012. One early investor was Chris
Hansen’s Valiant Capital Partners, another Tiger
Grandcub. It invested more than $38 million in the company in
December 2014. At year-end its internal rate of return was 13
percent. It invested another $1 million in March 2017.
Starboard once again trimmed its stake in Depomed, to 7.5 percent. Shares of the
specialty pharmaceutical company have roughly halved since it
reached a settlement with the activist hedge fund in late March
2017. The stock is also down about one-third since their
amended cooperation agreement on July 14.
Light Street Capital Management said that as of March 27 it
owned about 1.7 million shares of Gridsum Holding, or 5.5
percent of the provider of cloud-based data analysis, according
to a regulatory filing. It did not own any
shares of the company at the end of the fourth quarter.
Adage Capital Partners said in a
regulatory filing it owns one million shares of Zosano Pharma
Corporation, or 8.35 percent of the clinical-stage
biopharmaceutical company. It did not hold a position in the
stock at year-end.