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valuation

108

Andy Rubin's Essential raises $300 million, investment valuation set at around $1 billion for the startup

Andy Rubin's Essential raises $300 million, investment valuation set at around $1 billion for the startup

Essential, Andy Rubin's new phone company, was able to raise $300 million in a recent financing round. Investors must have been impressed by Essential and its future projects, such as the PH-1 and Essential Home. The total valuation for the company determined during financing was set somewhere between $900 million and $1 billion. These are all pretty big numbers for a company that hasn't actually made anything yet, but the weight of Andy Rubin at the helm must have been a contributing factor.

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Rovio (Of Angry Birds Fame) Valued At Over $200 Million, Has Already Raised $42 Million In Funding

Rovio (Of Angry Birds Fame) Valued At Over $200 Million, Has Already Raised $42 Million In Funding

The success that the Angry Birds games have brought to Rovio is stunning, really: the company was reportedly on the verge of bankruptcy when it released the game, and today, revenue is estimated to be between $50 and 70 million annually. It's perhaps no surprise, then, that the company raised $42 million in funding earlier this month, and they enjoyed the luxury of picking and choosing their investors. They even reportedly determined the terms of investment - quite the reversal of roles.

Rovio's valuation is estimated to be over $200 million already, but the company hopes that's merely the beginning.

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