From Pitchbook National Unicorn Day was April 9, but “time” is a tricky concept in 2021—and we missed it. Even though Unicorn Day 2021 is in the rearview, the topic is always relevant and worth exploring. As a refresher, unicorn companies are privately held startups that are valued at more than $1 billion. As of March 2021[…]
From TC The Amazon Marketplace roll-up play is well and truly underway. In the latest development, Thrasio — one of the biggest and earliest movers in the market to consolidate third-party sellers on the platform, with the promise to provide better economies of scale to manage and grow those businesses — announced that it has raised another $750[…]
From Crunchbase News An unprecedented number of companies have joined Crunchbase’s private company unicorn board already this year: Less than halfway into 2021 there are 166 new companies, compared to 163 for the whole of 2020. Subscribe to the Crunchbase Daily Based on our analysis, New York-based private equity firm Tiger Global Management is the most active investor[…]
From Crunchbase News Drones have transformed from nuisance-causing toys into image services for construction businesses and agricultural companies, and more. Follow Crunchbase News on Twitter & Facebook Over the past eight years, drone companies have raised a known total of nearly $1.76 billion dollars, with almost $500 million of that funding being raised in 2017 and $96.6 million[…]
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[…]
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[…]
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[…]
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,[…]
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[…]
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[…]