https://theintercept.com Who will be the next billionaire that sues a media outlet out of existence? After the website Gawker published a series of articles critical of Silicon Valley billionaire and right-wing megadonor Peter Thiel, he began funding a series of lawsuits aimed at shutting them down. He ultimately spent a total of $10 million —[…]
From Crunchbase News: Joanna Glasner September 27, 2022 When the Soviet Union splintered into separate nations in the early 1990s, it contained exactly zero hubs for venture-backed tech startups. Three decades later, of course, the picture is quite different. Metro areas in multiple former Soviet countries now have a rich concentration of tech founders. Capital[…]
A Brief History of Varo Varo Bank, NA. – Founded in 2020 as America’s first all-digital bank, Varo relaunched itself after a lackluster 1st year start during Covid (2020) with a groundbreaking new 2021 campaign – “A bank for all of us”- as part of its first multi-million dollar, integrated brand launch across TV, radio & internet[…]
A.I. but for good There’s a term used by the commodities industry to describe the amount of product lost due to various unforeseen circumstances such as theft and damage. It’s called: breakage. Whatever goes missing before it can be sold falls into this category. In the food services industry however, it isn’t so easy to[…]
From Crunchbase News This is a weekly feature that runs down the week’s top 10 funding rounds in the U.S. Check out last week’s biggest funding rounds here. August was slow, but if the first full week of September is a harbinger, things may be picking up. Several U.S.-based startups saw large rounds this week, with[…]
From American Banker: Michael Nagle/Bloomberg Payment companies have not been immune from the correction that has hit the stock market and privately held companies across almost all industries. The run-up in investments, high valuations and initial public offerings that followed the increase in digital payments in the pandemic’s early stage is now correcting. That decline is being[…]
From Crunchbase: Nuclear power is having a big year for venture funding, and it’s not just fusion startups that are attracting capital. A Crunchbase analysis of investment in nuclear projects shows companies pursuing both fission- and fusion-powered technologies have racked up huge rounds of late. Collectively, they’ve pulled in over $3.4 billion this past year.[…]
From Reuters: Feb 9 (Reuters) – Data analytics firm Starburst said on Wednesday it had more than doubled its valuation to $3.35 billion after a funding round led by venture capital firm Alkeon Capital. Other investors in the $250 million Series D round included Andreessen Horowitz and Coatue Management. Starburst intends to use the fresh[…]
From Pitchbook: Falling valuations in public and private markets have put added pressure on the pace of private equity exits, which slowed in Q2 2022 for the second consecutive quarter. PE firms chose to hold on to portfolio companies longer, instead of selling their investments at unattractive prices. During Q2, sponsors exited $94.5 billion in[…]
From Crunchbase: Alternative-meat startups have brought us burgers, nuggets and sausage. Now, steak is on the menu. Meati Foods, a food tech startup providing plant-based meat, announced Tuesday it raised $150 million in Series C funding led by Revolution Growth with participation from Grosvenor Food & AgTech and Chipotle Mexican Grill’s venture fund Cultivate Next. According to Crunchbase data, this[…]