German challenger bank N26 closed a funding deal for an additional $100 million as it prepares for financial uncertainty due to the global coronavirus pandemic. The Series D extension was funded by previous investors Tencent and Peter Thiel’s Valar Ventures. The Series D was announced...
Robinhood Markets, coming off a new $280 million funding round backed by Sequoia Capital, has seen its value and services expand during the coronavirus pandemic, according to a Reuters report. The FinTech startup, which works to help millennials get into equities, crypto trading and other...
The selloff begat the selloff. To that end, news came over the weekend that famed investor Warren Buffett, through his investment vehicle, Berkshire Hathaway, has sold all of its holdings in U.S. airlines. The firm sold its stakes in equities tied to a host of marquee...
Private equity firm Silver Lake is investing $750 million in India’s telecommunications giant Jio Platforms, according to a report in the Wall Street Journal on Sunday (May 3). The deal follows Facebook’s recent $5.7 billion Jio investment, which gave the social media giant an almost...
Corsight AI, an Israeli tech firm, raised $5 million as it develops technology to recognize people’s faces through masks, goggles or plastic coverings, according to a Reuters report. The tech is part of a larger system Corsight has developed to address the challenges of the...
British regulators have given the initial green light for Amazon’s investment in Deliveroo, the London online food delivery company that said it could go bankrupt without an infusion of cash due to COVID-19. On Friday (April 17), the Competition and Markets Authority (CMA), the U.K....
Robinhood, the Menlo Park, California-based stock trading app, is nearing a deal to raise $250 million from investors at a valuation of $8 billion, Bloomberg reported. Sources told the news service that the investment team is being led by Sequoia Capital, a venture capital company...
As COVID-19 moves the economy online, Stripe unveiled an extension of its Series G funding round. The company brought in $600 million in additional funding from investors with the inclusion of Sequoia, Andreessen Horowitz, GV and General Catalyst, and its financing occurs on the same valuation and...
Airbnb Inc. received a second infusion of cash with a $1 billion loan from institutional investors, the company announced on Wednesday (April 14). The San Francisco-based online marketplace for lodging said the financing will ensure it can continue investing in the company and its hosts and guests in...
