(Bloomberg) -- Business analytics company Domo Inc. said it scooped up $131 million from investors, bolstering its latest round of funding and holding steady at a $2 billion valuation it gained a year ago.
The infusion, which boosts Domo’s total funding to more than $590 million, comes as investors have reduced their appetite for such large late-stage deals and mutual funds have sliced the value of many such startups. Fidelity Investments cut the value of its Domo holdings by 9 percent for the period ended Jan. 31.
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