From Crunchbase news: Chiper has been amassing a network of digitized corner stores in Latin America for the past two years. Now armed with $12 million in Series A funding, the Colombia-based e-commerce platform for independent merchants is poised to capture even more corner-store retailers. Subscribe to the Crunchbase Daily Investors in the round included WIND Ventures, Monashees and Kaszek Ventures.[…]
From Gracia Group: SPACEX SpaceX gets FCC approval to bid in $16 billion rural-broadband auction https://arstechnica.com/tech-policy/2020/10/spacex-gets-fcc-approval-to-bid-in-16-billion-rural-broadband-auction/ IMPOSSIBLE FOODS “Impossible Foods Is Gaining on Beyond Meat. What That Means for the Stock” https://www.barrons.com/articles/impossible-foods-gaining-beyond-meat-room-for-more-than-one-winner-51602685246 AFFIRM “Max Levchin’s Affirm Confidentially Files for U.S. IPO” https://www.reuters.com/article/us-affirm-ipo-idUSKBN26T389 BETTER “Better.com in Talks to Raise $100M at $4B Valuation: Report” https://www.housingwire.com/articles/better-com-in-talks-to-raise-100m-at-4b-valuation-report/ CLOVER[…]
From Pulse 2.0: Ro has announced that it has raised $200 million in funding at a $1.5 billion valuation. Plus the company also revealed that it is now generating $250 million in annual revenue without taking insurance. Ro has announced that it has raised a $200 million Series C round of funding led by existing[…]
From Crunchbase News: Popular meditation app-maker Calm is reportedly seeking to raise $150 million in fresh funding at a valuation of around $2.2 billion. Founded in 2012, the San Francisco-based company previously raised at least $143 million in known funding, per Crunchbase data, from backers including Insight Partners, Lightspeed Venture Partners and TPG. The company’s flagship app has had over 80 million downloads[…]
From Zero Hedge: SPACs (it stands for Special Purpose Acquisition Vehicle) raised a ton of money over the summer as the craze that seemingly started with Bill Ackman and Chamath Palihapitiya (already on his third SPAC). It’s already drawing in big-name celebrity investors (Shaq is in the process of launching one), which might evoke unflattering parallels to the ICO[…]
From Zero Hedge: What started out as a genetic ancestry company has transformed into what can only be called a biotech. Before digging into what’s going on now we need to preface this with a bit of history. In a story broke on the site you are reading now (Zero Hedge), 23andMe (and other firms) was caught giving[…]
From Zero Hedge: Arising out of the smoke and rubble of Nikola’s recent battle with short sellers, one electric truck company has casually made its way onto the public markets via a SPAC, making its 28 year old founder a billionaire in the process. Does it feel enough like 1999 yet? “We were fortunate on[…]
From Zero Hedge: With both old and new Wall Street flooding into the recently IPOed cloud darling Snowflake, which among other investors also sported none other than Berkshire Hathaway (although in light of Warren Buffet’s aversion to IPOs, it has been widely speculated that Berkshire’s $250MM investment in SNOW was the work of Buffett’s two[…]
From Zero Hedge: While many have never heard of Social Finance or SoFi, it’s valued at $8 Billion USD which puts it not exactly at the bottom of the list. Now that companies like Palantir, Airbnb, and many others have filed for IPO; investors are looking further down the line at companies like SoFi that[…]
From Zero Hedge: Update (1300ET): After soaring from its post-IPO open at $245 to $319, SNOW has erased all its post-open gains and is back below $245… * * * The much-hyped IPO of the aptly-named ‘Snowflake’ is about to make many of America’s richest even richer-erer. It sold 28 million shares Tuesday for $120 apiece, above[…]