By Jonathan Ponciano, A“unicorn phenomenon” that’s ushered in massive fundraising rounds for startups over the past decade is “finally blowing up” and manifesting itself in a record wave of IPO activity, says Pitchbook venture analyst Cameron Stanfill. Thanks in part to the trillions of venture capital dollars spent on startups over the past decade, he[…]
By Janice Bitters Turi, Wellness and nutrition company Athletic Greens raised $115 million in new funding and is boasting a new valuation of more than $1 billion, making it one of the latest unicorns in the startup world. The round, the company’s second infusion of venture capital in its 11 years of existence, marks a major turning[…]
By Janice Bitters Turi, Biosciences startup TenSixteen Bio launched Thursday with a $40 million Series A round funded by Foresite Capital and GV, formerly Google Ventures. The San Francisco-based company, co-founded by Foresite Labs, specializes in precision medicine—more specifically, a relatively new science that analyzes cells, their divisions over time, and mutations that can occur when those human cells[…]
By Chris Metinko, This is a weekly feature that runs down the week’s top 10 funding rounds in the U.S. Check out 2022’s biggest funding rounds here. Last week we wondered aloud what it meant when no company raised a round worth a quarter-billion dollars or more. Well, this week VCs seemed to make up for[…]
By Daniel Howley, Over the last year, the markets have contended with a global shipping crisis, the ongoing pandemic, and creeping inflation. Despite those risks, a huge number of companies made their public debuts in 2021. We’re talking Coinbase (COIN), Rent the Runway (RENT), Robinhood (HOOD), and, of course, electric vehicle makers Lucid (LCID) and[…]
By Helen Partz, The India International Exchange is reportedly looking to explore digital asset-based products despite local uncertainty. Despite the ongoing uncertainty about cryptocurrency regulation in India, local financial firms are backing new ventures aiming to launch Bitcoin (BTC) exchange-traded funds (ETF). Torus Kling Blockchain, a joint venture between Cosmea Financial Holding, a financial firm backed[…]
By Keira Wright, Adam Dell, brother of the billionaire Michael Dell, has pinched an impressive team to help get the project started. The former Head of Product for “Marcus by Goldman Sachs” has launched a crypto investing app, “Domain Money,” raising $33 million from investors on Jan 25. Adam Dell, brother of Dell computers tycoon[…]
By Joseph Hall, Bitcoin startup Shakepay raised $44 million Canadian dollars ($35 million) in a Series A funding round, valuing the company at $251 million. It’s another shake-up for the finance industry as Montreal-based Bitcoin (BTC) startup Shakepay raised $35 million from investors. The fresh funding from the United States-based venture capital firm QED Investors[…]
By Joseph Hall, The initial public offering (IPO) for Texas-based Bitcoin miner Rhodium Enterprises is another feather in the cap for the Bitcoin-friendly southern State. The first initial public offering (IPO) for the crypto industry in 2022 comes from a Texas-based Bitcoin (BTC) mining company, Rhodium Enterprises. In an SEC filing made last week, Rhodium plans to[…]
By Chris Metinko, San Francisco-based BigPanda, which helps IT departments keep their digital services running, hit a valuation of $1.2 billion after a $190 million raise that mints the company as one of the first unicorns of 2022. The new round was led by Advent International and Insight Partners, with participation by other existing investors. Founded in 2012, the[…]