By Kate Clark
Welcome back to another transcribed edition of Equity, the wildly popular TechCrunch podcast that digs deep into the week’s news about … equity.
There were no IPOs this week so there was only one episode, but it was jam-packed with news about direct-to-consumer scooters, luggage funding and fake meat. This is where tech has taken us this week.
Oh, and Slack set the date for its direct listing.
Kate: So [Away] raised a 100 million, series D. This round was led by Wellington Management, so not by a traditional venture capital firm. Though Away is backed by big name faces like Forerunner Ventures, which is responsible for investments in pretty much direct to consumer companies. So this valued Away at 1.4 billion, and that’s obviously quite large, but what’s particularly surprising about that valuation is that Away was valued at just 400 million the last time they raised money, which was a series C of 50 million, maybe about 1 or 2 years ago.
Alex: Oh gosh.
Kate: I’m not sure exactly when that was. But we’re seeing a major, major, major uptick in its valuation. And the reason why is because at its series C, Away was profitable already. Like I was telling …read more
Source: Tech Crunch