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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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FinanceTerm Sheet

Term Sheet — Friday, December 16

By
Erin Griffith
Erin Griffith
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By
Erin Griffith
Erin Griffith
Down Arrow Button Icon
December 16, 2016, 10:04 AM ET
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fortune logo
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BRB

No column today, as I’m wrapping up some magazine duties. Today’s links section is extra-long to tide you over. Have a great weekend.

THE LATEST FROM FORTUNE...

• Verizon asking for “major concessions” after Yahoo hack.

• La Guardia, still the worst.

• Layoffs at UBS.

• GM testing self-driving cars in Michigan. Verizon’s plan for more media deals.

• Behind Sky-Fox.

• Breaking the Dow record.

• The secrets of compulsion.

• Spain to ditch the siesta.

…AND ELSEWHERE

Palantir shares are up thanks to Trump. Github is spending a lot of money. Flipagram for sale. What was said in the Trump meeting, and Safra joins the transition team. Turmoil at Faraday Future.

A Roomba for your lawn. The Obama economy’s unfinished business. Amazon secretly building a self-driving trucking app. The 72-year-old cybersecurity “whiz kid.”

Banking beyond M&A. “Recessions are therapeutic.” American Idol lenders sue Apollo. Oreo buyout? 3G Capital’s buying mood. The problem with AI hype. Stress-tracker stress. The right to complain on Yelp. That Vanity Fair review.

VENTURE DEALS

• Memebox, a San Francisco-based e-commerce company focused on Korean cosmetics, raised $60 million in a Series C extension from existing investors Goodwater Capital, Altos Ventures, Cowboy Ventures, Mousse Partners, Formation Group, Funders Club, Pear Ventures, Cota Capital, and Janet Gurwitch, among others.

• Databricks, a San Francisco-based provider of software for big data processing, raised $60 million in Series C funding. New Enterprise Associates led the round, with participation from existing investor Andreessen Horowitz.

• Personal Capital, a San Francisco digital wealth management firm, raised an additional $25 million in Series E funding from IGM Financial, closing the round at $75 million.

• One, a Folsom, Calif. provider of cloud-based software for insurance companies, raised $20 million in Series B funding. AXA Strategic Ventures led the round, with participation from MassMutual Ventures and current investor H&Q Asia Pacific.

• Cota, a New York City-based healthcare informatics and analytics company, raised $18 million in new funding from Boston Millennia Partners and other investors. As part of the deal, Boston Millennia Partners partner A. Dana Callow Jr. is joining Cota’s board of directors.

• HyperScience, a New York City-based company developing artificial intelligence technology for data entry and processing, raised $18 million in Series A funding from FirstMark Capital and Felicis Ventures.

• EverCompliant, an Israeli cyber intelligence company, raised $9.5 million in new funding round, according to Reuters. Arbor Ventures led the round, with participation from existing investors Carmel Ventures, StarFarm Ventures, and Nyca Partners. Read more.

• Wyre, a San Francisco-based money transfer company, raised $5.8 million in Series A funding. Amphora Capital led the round, with participation from Digital Currency Group, Draper Associates, and other investors.

• BrainCo, a Somerville, Mass.-based company specializing in wearable devices that help people improve their attention level and working efficiency, raised $5.5 million in new funding. Boston Angel Club, Han Tan Capital, and Wandai Capital led the round.

• Oncorus, a Cambridge, Mass.-based biotech company developing cancer treatments, raised $4 million from Astellas Venture Management in additional Series A funding.

• ExplainEverything, a Polish company building collaboration tools for students and teachers on tablets, raised $3.7 million in funding from Credo, RTA, and NEV, according to TechCrunch. Read more.

• Jumptastic, a U.K. trampoline park company, raised £3 million ($3.7 million) in funding from Calculus Capital.

• Grab Green, a Camarillo, Calif.-based provider of eco-friendly household products, raised $2.5 million in new funding from Stoneway Capital.

• Leasify, a Swedish website for comparing leases on anything, raised €1.5 million ($1.6 million) in funding from SEB Ventures, NFT Ventures, and Daniel Andersson, according to Tech.eu. Read more.

• Flo, a San Francisco-based menstrual cycle tracking app, raised $1 million in seed funding. Flint Capital led the round, with participation from the Haxus Venture Fund.

• FlixBus, a Munich-based travel technology company, has raised a financing of undisclosed size from Silver Lake, alongside existing investors General Atlantic, Holtzbrinck Ventures and Daimler.

• iCapital Network, a New York City-based platform that connects investors with private equity fund managers, raised an undisclosed amount of funding. BlackRock (NYSE: BLK) led the round.

PRIVATE EQUITY DEALS

• General Atlantic has acquired a majority stake in Hemnet, a Swedish online platform for real estate classifieds.

• Kieffer Holding Co., a Lincolnshire, Ill.-based company that manufactures and installs signs backed by Northstar Capital, has acquired Starlite Sign, a Denton, Texas-based manufacturer of electric signs. The deal value was not set.

OTHER DEALS

• ideaForge, a Mumbai-based startup developing compact drones, raised an undisclosed amount of funding from Infosys (NSEI:INFY), according to Quartz. Read more.

• Verizon (NYSE:VZ) is attempting to negotiate better terms in its acquisition of Yahoo’s (NasdaqGS:YHOO) core internet business, following revelations that a data breach affected more than 1 billion of the company’s users. Verizon agreed to purchase Yahoo’s internet business for $4.8 billion in July. Read more at Fortune.

IPOS

• Trivago, a Dusseldorf, Germany-based hotel search aggregator held by Expedia (NasdaqGS:EXPE), raised $287 million in its IPO. The company priced 26.1 million depositary shares at $11, below its expected range of $13 to $15. It will trade on the Nasdaq under the symbol TRVG. Read more at Fortune.

EXITS

• Unilever (LSE:ULVR) has agreed to acquire Living Proof, a Cambridge, Mass.-based manufacturer of hair care products. Living Proof raised $53 million from investors including Polaris Partners.

• Salesforce has acquired a Twin Prime, a Redwood City, Calif.-based startup that helps improve the performance of mobile apps. Twin Prime raised $9.5 million from investors including Draper Fisher Jurvetson, Milliways Ventures, and True Ventures. Terms were not disclosed.

• Placemeter, a New York City-based urban intelligence platform, has been acquired by Netgear Arlo, a maker of smart home products. Placemeter raised $9.4 million from investors including New Enterprise Associates and Techstars.

FIRMS + FUNDS

• Global Logistic Properties (SGX:MC0) has established a $1.5 billion U.S. fund aimed at buying U.S. logistic assets, according to the Wall Street Journal. Read more.

• SJF Ventures, a Durham, N.C.-based venture capital firm, raised $125 million for its fourth fund.

• GenBridge Capital, a new venture capital firm registered in the Caymen Islands, has set out to raise $500 million for its first fund, according to an SEC filing.

• NextView Ventures, a Boston-based seed-stage venture capital firm, plans to raise $50 million for its third fund, according to an SEC filing.

NEW JOBS

• Kimberley J. Kaplan-Gross has joined Choate, Hall & Stewart as a partner in the private equity department. She was previously at Cooley where she founded the Boston office’s fund formation practice and was a partner.

• Fabio Villegas has joined General Atlantic as a special advisor to the firm’s operations in Colombia. Villegas is the former chief executive officer and current president of Decameron.

SHARE TODAY'S TERM SHEET

http://fortune.com/newsletter/termsheet

Term Sheet is produced by Laura Entis and Kia Kokalitcheva. Submit deal items here.

About the Author
By Erin Griffith
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