German eCommerce software company commercetools has raised $145 million in a funding round led by Insight Partners, at a valuation of $300 million. TechCrunch is reporting that the company is being spun out by parent company REWE, which acquired it in 2015. Both Richard Wells...
SoftBank looks to become the majority owner of WeWork without getting into long-term lease obligations, Reuters said on Saturday, Oct. 19. Sources told Reuters that SoftBank has delivered a $5 billion financing rescue that The We Company — parent of New York-based WeWork — is...
The French payment processor Lemon Way has announced a near-$28 million (€25 million) investment round by the multi-asset fund management firm Toscafund, Aithority reported on Thursday (Oct. 17). The funds will help Lemon Way advance its offerings through adaptive APIs and new payment services as...
Galileo, a FinTech whose APIs help run companies like Chime, Robinhood, Monzo, Revolut, TransferWise and Varo, has announced a $77 million Series A funding round led by Accel, with participation from Ryan Smith, the CEO of Qualtrics. The company has been growing rapidly, and will...
The deals seem to be getting bigger headed into the last few weeks of the year. In the latest FinTech funding activity in India, Udaan, which focuses on B2B eCommerce, raised the equivalent of $585 million from a series of investors. Udaan will use the...
SoftBank and JP Morgan are in talks to rescue WeWork before it runs out of money, which is expected to happen by mid-November, CNBC reported on Tuesday (Oct. 15). Sources told CNBC that talks between SoftBank and JP Morgan have been ongoing ever since the...
Flowhub, a cannabis retail management software vendor, has raised $23 million in its bid to automate cannabis compliance. A number of investors participated, including e.ventures, Evolv Ventures and Poseidon. Despite the public market for cannabis being off by more than 40 percent, the legal cannabis...
South Korean startup True Balance announced that it has raised $23 million in a Series C funding round. Seven Korean investors — NH Investment & Securities, IBK Capital, D3 Jubilee Partners, SB Partners and Shinhan Capital, as well as existing partners IMM Investment and HB...
Smart lock startup Level Home has raised over $71 million in funding from Walmart, Hut 8 Ventures, and home construction and real estate company Lennar. Founded in 2016 by Apple vets John Martin and Ken Goto, Level Lock: Bolt Edition claims that it can transform...
