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BitGo, Bitso join growing herd of billion-dollar crypto companies

From Pitchbook Not long ago, it was rare to see blockchain or cryptocurrency startups valued at more than $1 billion. But that list is growing rapidly. Since the start of the year, eight new blockchain or cryptocurrency companies have received unicorn valuations, bringing the total count to 21, according to PitchBook data. Two of those[…]

Banks Start Freaking Out About Soaring Inflation, Which May Not Be “Transitory”

From ZH For the past few months we – unlike the Fed – have been warning readers that the US is about to get by a wave of soaring prices the likes of which have not been seen since the early 1970s (see “”Buckle Up! Inflation Is Here!”). And while two weeks ago we noted[…]

How Tech Helps Farmers To Profit While Going Green

From CB 2020 will go down as the “Year of Net Zero.” Corporate commitments to deliver net-zero emissions by 2050 doubled, and all eyes are on our biggest green-house gas emitters—namely, our food systems. Agriculture is caught in the cross hairs as a major polluter (contributing about 18 percent of total global emissions), an essential industry already[…]

Faux-Egg Maker Eat Just Raises $200 Million More in Latest Round

From Bloomberg  Plant-based food startup Eat Just Inc. raised $200 million in new financing as consumer demand surges for alternative proteins. Qatar’s sovereign wealth fund led the round, which also included Charlesbank Capital Partners and Vulcan Capital, Eat Just said Tuesday. Representatives of Qatar Investment Authority and Charlesbank will join the company’s board. The new funds will be used by Eat[…]

Your Next Bite Of Meat Could Be A Hybrid Of Animal Cells, Plants

From Crunchbase News: Cell-based meats are becoming increasingly popular as our food system is being disrupted by innovation. Subscribe to the Crunchbase Daily Many of the facets of its future were discussed this week at the virtual Future Food-Tech conference, which gathered food business leaders, venture capital investors and food tech innovators into conversations around innovation[…]

Coinbase files revised S-1 form, to float about 115 million shares in the market

From theblockcrypto Quick Take Coinbase has filed an amended S-1 form, disclosing that it has registered about 115 million shares for its direct listing. The revised form doesn’t yet mention a date at which Coinbase’s shares will get listed on Nasdaq. Crypto exchange Coinbase filed an amended S-1 form early Wednesday, disclosing that it has[…]

Coupang tops $88B valuation in market debut

From Pitchbook: Coupang surged over 40% in its trading debut, valuing the South Korean ecommerce company at $88.3 billion on a fully diluted basis. Coupang raised $4.6 billion in its IPO, one of the year’s biggest, after pricing its shares at $35 apiece. Shares closed Thursday at $49.25 each on the NYSE. SoftBank‘s 33% stake in[…]

IPO

Roblox valued at $45.3B in record-setting direct listing

From Pitchbook: Roblox has completed its long-awaited direct listing on the NYSE, with shares closing at $69.47 for a fully diluted value of $45.3 billion—a gargantuan valuation for a video game company that rose to prominence and saw massive growth during the pandemic. Roblox’s valuation in its debut makes it the most valuable gaming company to[…]

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BlockFi Raises $350M Series D, Coupang Prices IPO, And More

From Crunchbase news: BlockFi valued at $3B after $350M Series D Financial services company BlockFi, which provides zero-fee trading and crypto-based interest accounts, announced $350 million in Series D funding, co-led by Bain Capital Ventures, DST Global, Pomp Investments and Tiger Global, to give the company a $3 billion valuation. Additional backers in the round include Valar Ventures, Breyer Capital, Susquehanna Government Products, Jump Capital and Paradigm.[…]

IPO

Procore Re-Files for IPO, Targets NYSE, Just One Year After Calling Off Previous Attempt

From ENR: Carpinteria, Calif.-based construction-management technology provider Procore filed papers on Feb. 26 with the Securities and Exchange Commission for an initial public offering of common stock. Procore intends to list its common stock on The New York Stock Exchange under the ticker symbol “PCOR.” The move comes about a year after Procore last filed for an[…]