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Klarna hits $31B valuation with mega-round

From Pitchbook Swedish fintech company Klarna has raised $1 billion at a $31 billion valuation, cementing its position as the most valuable VC-backed company in Europe, according to PitchBook data. The new price tag is nearly triple the $10.65 billion valuation Karna received in September after raising $650 million. The latest round drew both new and existing investors,[…]

Robinhood Said To Push Forward With IPO Plans For March, Despite Recent Chaos

From Zero Hedge: Well, we might finally have an answer as to why Robinhood CEO Vlad Tenev was so eager to go on a non-stop PR tour over the last few weeks – one that included everything from testifying in front of congress to appears with Dave Portnoy on Barstool Sports. Because despite all of[…]

Coinbase Valued At $100 Billion, More Than CME, ICE, CBOE And Nasdaq

From Zero Hedge: Bitcoin’s explosive price surge in the past year which has pushed its market cap well over $1 trillion for the first time, has not only benefited the cryptocurrency and its peers, but has sent shockwaves across downstream sectors which cater to providing access to the soaring demand for crypto exposure around the[…]

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U.S. payments startup Marqeta files with regulators for IPO – source

From Reuters: (Reuters) – U.S. payment card issuing start-up Marqeta Inc on Tuesday filed confidentially with the U.S. Securities and Exchange Commision for a proposed initial public offering (IPO), according to a person familiar with the matter. Marqeta will now await feedback from the SEC on its filing and hopes to complete its IPO as[…]

SpaceX begins accepting $99 preorders for its Starlink satellite internet service as Musk eyes IPO

From CNBC: Elon Musk’s SpaceX has widened the scope of the public beta test of its Starlink satellite internet service, saying it is accepting preorders from potential customers. Prospective Starlink users can enter a service address on the company’s website, with preorders available for $99. Some regions show preorder messages that say SpaceX is “targeting coverage[…]

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23andMe to Merge with Virgin Group’s VG Acquisition Corp. to Become Publicly-Traded Company Set to Revolutionize Personalized Healthcare and Therapeutic Development through Human Genetics

From PR NewsWire: – 23andMe is a leading consumer genetics and research company that offers a personalized health and wellness experience, and has built a premier genetic database to unlock insights leading to the rapid discovery of promising new targets for drug development – Transaction will provide the capital to fund additional investment in key[…]

Impossible Foods Continues Its Quest To Price Parity

Submitted by Market Crumbs, Just last month Impossible Foods announced it would slash prices for foodservice distributors in the U.S. by an average of approximately 15%, marking the second such move over the last year. “Our stated goal since Impossible Foods’ founding has always been to drive down prices through economies of scale, reach price parity and[…]

Ribbit, Robinhood’s key fintech VC firm, steps up at pivotal moment

From Pitchbook: Meyer “Micky” Malka, founder and managing partner of venture firm Ribbit Capital, once said his firm had a “boring” strategy of driving financial innovation across banking, brokerages and insurance. But things have gotten decidedly less boring in recent days for Ribbit. The Palo Alto-based firm stepped up to lead $3.4 billion in emergency funding[…]

Robinhood raises $1B after trading halts to keep its platform running

From Tech Crunch After a turbulent week for the stock market and halts to the trading of certain speculative securities including GameStop (GME) and AMC, consumer investing app Robinhood has raised new capital. The new funds total more than $1 billion, with the company telling TechCrunch that they were raised from its existing investor base. The New[…]

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Grab some Grab before the IPO

Grab is said to be the “Asian Uber” but it’s much more than that.  They also offer financial services and yes – funding for your startup with Grab Ventures. Grab operates a mobile technology platform that integrates city transportation for driver-partners and customers in South East Asia. It offers services like GrabTaxi, GrabCar, GrabHitch, GrabShare, GrabCoach,[…]