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Delivery Hero’s valuation topped $5 billion after the food delivery service went public on the Frankfurt Stock Exchange. The Berlin-based company, which operates in over 40 countries, previously raised $1.75 billion from venture and private equity investors.
Los Angeles-based venture capital firm Upfront Ventures has raised $400 million for its sixth fund, which will focus primarily on early stage technology companies. The firm raised $280 million for its last fund in 2014. The new fund launch comes amid a booming period for the Los Angeles startup scene, which is seeing a rise in investment and big exits.
Companies in the San Francisco Bay Area raise so much venture capital that even smaller and lesser-known cities in the region outrank major metropolises when it comes to securing investment. Crunchbase News takes a look at some of the cities in the East Bay region that are raking in funding.