To provide firms impacted by the coronavirus pandemic with financing, General Atlantic has joined forces with Tripp Smith. The private equity firm is creating a joint venture with Iron Park Capital Partners LP, Smith’s credit-focused company, The Wall Street Journal reported, citing unnamed sources. The venture, which is known...
SoftBank Group Corp. is forecasting that its $100 billion Vision Fund will lose $16.5 billion in the financial year ending March 31, which means the group as a whole will lose money for the first time in 15 years, according to a company statement on...
Japan’s buy now, pay later (BNPL) startup Paidy announced it has closed a Series C extension funding round led by previous investor ITOCHU Corporation. ITOCHU previously participated in Paidy’s Series B round in 2016 and its Series C round in July 2018, bringing its total investment...
Hong Kong-based finance startup Neat has closed a Series A funding round and come away with $11 million, according to a press release. Pacific Century Group (PCG) led the round, while Visa and MassMutual Ventures Southeast Asia were among the other investors. The company’s goal...
Tel Aviv startup Bringg, which works in delivery services, has completed a Series D funding round for $30 million amid a global crisis that has seen demand for the company’s services skyrocketing, according to TechCrunch. Bringg’s recent round was led by Viola Growth, with previous...
Continuous delivery platform CircleCI has raised $100 million in a Series E funding round, according to TechCrunch. The round was led by IVP and Sapphire Ventures, and under the deal’s terms, Cack Wilhelm of IVP will join the board while Sapphire’s Jai Das will join as...
Customer messaging and relationship startup Podium has notched $125 million in a Series C funding round led by YC Continuity, the company announced on Tuesday (April 7). Other investors included Sapphire Ventures, Alkeon Capital, Recruit Co., Ltd., IVP, Accel, Summit Partners and GV. Podium has...
Airbnb will be getting a leg up financially in the form of help from investors Silver Lake and Sixth Street Partners, who will funnel $1 billion into the vacation rental powerhouse, according to a press release. The money will all be going toward new features...
Philippines payments startup Voyager Innovations has closed a funding deal worth up to $120 million from existing backers, according to a Monday (April 6) statement from Voyager. Existing investors included Voyager’s parent company PLDT, China’s Tencent, International Finance Corp (IFC), private equity firm KKR and...
