Japan’s SoftBank reported a $6.5 billion loss on Wednesday (Nov. 6), its first quarterly drop-off in 14 years and far larger than analysts’ estimates, Bloomberg and other news outlets reported. The $10-plus billion WeWork bailout — an investment chief executive officer (CEO) Masayoshi Son called...
Japan’s Rakuten has taken a huge loss on Lyft shares, according to Reuters. The company said it expects to lose 103 billion yen ($947 million) in the latest quarter due to its Lyft investment. Rakuten’s Founder and Chief Executive Hiroshi Mikitani, who sits on Lyft’s...
Boulevard, a provider of back-office management software for the spa and salon industry, has raised $11 million in a Series A funding round from investors, including Index Ventures and Bonfire Ventures. As part of the deal, Index Ventures Principal Damir Becirovic, as well as Co-founder...
Goldman Sachs is the lead investor in a $50 million funding round for credit card startup Deserve, CNBC reported on Monday (Nov. 4). In addition to Goldman Sachs, investors in the funding round included Sallie Mae, Aspect Ventures, Pelion Venture Partners, and Mission Holdings. Deserve...
Yes Bank in India has received an offer from an unnamed investor in the amount of $1.2 billion for a stake in the bank, according to a report in the Financial Times. Shares in the company went up 20 percent on the news. Although the...
Internet of Things (IoT) platform Particle announced that it has raised $40 million in a funding round led by Qualcomm Ventures and Energy Impact Partners. Launched in 2013, San Francisco-based Particle aims to be an all-in-one solution to help customers bring IoT devices to market...
Second Home, a co-working startup that rivals WeWork, is looking for funding to continue expanding and to cover the unexpected costs of a Hollywood office, according to a report in the Financial Times. Co-founder Rohan Silva said terms for a fresh round of capital had...
New York-based FinTech startup Capital, an alternative financing company for startups, launched on Wednesday (Oct. 30) with a $100 million fund to invest in middle-stage companies, Capital announced in a press release. The Capital Machine — its automated investing solution — underwrites companies’ financial data automatically...
Fountain, a recruiting platform for gig and hourly workers, announced that it has closed a $23 million Series B funding round led by DCM. 51job and existing investors Origin Ventures, Uncork Capital and others also participated in the round. Fountain has now raised $34 million...
