Companies owned by private equity firms are not seeing the money for protection that those firms ostensibly have saved up, The Wall Street Journal (WSJ) reported, and many are tumbling into bankruptcy. The companies, ranging from restaurants to rental companies and retailers, have not seen...
Singapore-based early stage tech investment firm East Ventures has targeted a new fund intending on benefiting businesses hurting from the coronavirus pandemic, Bloomberg reported. The seed fund is for $88 million, and East Ventures has raised $57 million at first close from Adams Street and Pavilion Capital,...
The FDIC’s decision to ease the Volcker Rule could prove to be a boon for some startups, freeing up banks to invest tens of billions of dollars in high-risk venture capital funds that specialize in fast-growing fledgling companies. Bank stocks surged on the news, which...
Bucking the coronavirus-driven economic downturn, Indian FinTech Aye Finance on Wednesday (June 24) said it had raised $27.5 million from a group of investors led by the private equity arm of Alphabet, Google’s corporate parent. The Gurgaon-based startup, which has built a digital lending platform...
With the last bids due in early July for eBay Inc.’s classified advertising business, private equity companies seeking to win the auction could arrange for as much as $2.6 billion worth of debt to finance the transaction. Those who are left taking part in the...
Credit Suisse Group has started to look into funds invested in loans arranged by billionaire Lex Greensill and backed by Masayoshi Son’s SoftBank Vision Fund, Bloomberg reports. The largest Switzerland bank is looking into its supply chain finance funds, which hold short-term corporate loans and...
Cedar, a provider of technology focused on fostering smooth financial interactions between healthcare providers and patients, announced $102 million in new venture capital funding and a new business relationship with a provider network on Monday (June 22). New York City-based Cedar said Andreessen Horowitz led...
Online grocery delivery service Milkbasket has landed $5.5 million in venture capital in a round led by Inflection Point Ventures. That brings the funding pulled in by Milkbasket to over $33 million. Milkbasket, launched in 2015, calls itself a micro-delivery service. It delivers milk, bread,...
In what is said to be one of the final investments prior to the trading of its shares publicly, Palantir Technologies Inc. notched $500 million in funding from Sompo Japan Nipponkoa Holdings Inc. The infusion reduces the need for the data firm, which Peter Thiel...
