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Addepar Valued at $2.17 Billion as Investors Bet on Wealth-Management Tech
From wsj The company, which makes software to track investment performance, has raised $150 million from D1 Capital Partners Addepar CEO Eric Poirier said turbulent markets have helped spur the company’s growth. Wealth-management software provider Addepar Inc. more than doubled its valuation to $2.17 billion from seven months ago in its latest funding round, the[…]
Wallet provider Ledger raises $380M to welcome DeFi ecosystem
from cointelegraph Following a dramatic increase in its revenues in the first quarter, the cryptocurrency security and infrastructure company Ledger completed a new fundraising round led by 10T Holdings. Known for its Ledger Nano S and Nano X hardware wallets, Ledger announced the completion of a $380-million Series C fundraising round, which gave the company a valuation[…]
Marqeta begins a new journey as a public company
from marqeta Today represents an exciting milestone for our company and our mission to be the global standard for modern card issuing. In 2010, Marqeta’s Founder & CEO, Jason Gardner, set out to simplify the complex and change what’s possible with commercial and consumer card programs. Throughout this journey, our open API platform has empowered[…]
Chinese ride-hailing company Didi files for IPO with something U.S. rivals haven’t offered: profit
From MW nt company’s name, Xiaoju Kuaizhi Inc. — did reveal in Thursday’s filing that it turned a profit in the first quarter after years of large losses, with financial records showing GAAP net income of 5.49 billion rembini ($837 million) on revenue of RMB 42.16 billion ($6.44 billion), up from a loss of RMB 3.97 billion on[…]
DoD Invests In “Rocket Cargo” To Deliver Weapons Anywhere On Earth In 1 Hour
from ZH Ars Technica points out that deep within the Department of Defense Fiscal Year (FY) 2022 Budget Estimates, a 462-page book, there is a section about the Air Force leveraging rocket technology to deliver massive amounts of advanced weaponry and military cargo to anywhere in the world within a short notice. “The Department of the Air Force[…]
Brazilian proptech startup QuintoAndar lands $300M at a $4B valuation
from techcrunch Fintech and proptech are two sectors that are seeing exploding growth in Latin America, as financial services and real estate are two categories in particular dire need of innovation in a region. Brazil’s QuintoAndar, which has developed a real estate marketplace focused on rentals and sales, has seen impressive growth in recent[…]
Under The Hood: How Tiger Global Earned Its Stripes As The World’s Biggest Unicorn Hunter
From crunchbase Tiger Global Management, already one of the most voracious startup investors in recent years, is roaring into 2021 more aggressively than ever. The 20-year-old New York-based investing firm — part hedge fund, part private equity investor — has not only quietly become the most prolific investor in billion-dollar startups, it is also significantly[…]
Job Site Handshake Joins Unicorn Board With $80M Series E
from crunchbase San Francisco-based Handshake, a job service aimed at college students, announced its Series E funding of $80 million led by prior investors Spark Capital and Lightspeed Venture Partners valuing the company at more than $1.5 billion. This funding comes within seven months of its Series D in October 2020. That round was also $80 million, valuing the company at[…]
The Briefing: Paymentus And Flywire Price IPOs, Perch Secures $775M, And More
from crunchbase Payments companies Paymentus and Flywire price IPOs The payments space is heating up further, as two companies in the sector priced U.S. IPOs for shares slated to begin trading today. Boston-based Flywire, which provides payment processing software to education, health care and technology companies, priced shares at $24, the high end of the projected[…]
How VCs are fueling wider adoption of AI
from pitchbook The recent IPO of Chinese social media giant Kuaishou demonstrates that, for some emerging large companies, AI is their core product. Global VC funding supports this software architecture with rapidly increasing deal sizes across segments, including horizontal platforms, vertical applications, autonomous machines and semiconductors. End-user spending is also poised to escalate in 2021,[…]
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