Ahead of the Shanghai Auto Show, Daimler is reportedly coming close to a deal to sell a stake in its small car division Smart to Geely Auto. An unnamed source claimed that the deal would be confirmed prior to the event in April, The Financial Times reported....
Naspers, the South African company, is gearing up to spin off and list its Amsterdam internet assets in a new group that will include all of its $134 billion stake in Tencent Holdings, the Chinese technology giant. In a press release issued Monday (March 25), Naspers...
Abu Dhabi said Sunday (March 24) that it will invest as much as $272 million to go toward technology startups, reported Reuters. According to a report in Reuters citing Abu Dhabi, the investment is part of the country’s efforts to diversify the economy. The report noted that Microsoft will...
The former CEO of Uber, Travis Kalanick, has invested in a trucking and logistics startup some are calling “Uber for trucks.” Kalanick, along with Sequoia Capital, participated in a $7.6 million funding round for Kargo, according to reports. To use Kargo, customers order trucks using...
Payment platform Marqeta has raised $250 million in a series E funding round, on a valuation of about $1.9 billion, according to reports. Marqeta, which is California-based and also works with payment cards for brands, is expected to close the round in a few weeks,...
Point, a California-based home equity and finance company, has raised $122 million in financing, $22 million of which came from a Series B funding round spearheaded by DAG Ventures and Prudential Financial, according to reports. Financial Venture Studio, Ribbit Capital and Enterprise Community Partners also...
Starbucks announced Wednesday (March 20) it is investing $100 million in the new Valor Siren Ventures fund, which aims to invest in the next generation of food and retail startup tech companies. In a press release, Starbucks said the new fund, which is being managed by...
Opendoor, the startup that operates an online platform for buying and selling homes, has raised $300 million, giving it a valuation of $3.8 billion. According to a report, it was previously expected the startup would raise $200 million with a valuation of $3.7 billion. The latest...
Glossier announced that it has raised $100 million in Series D funding that it will use to expand the beauty company. Sequoia Capital led the round, with participation from Tiger Global Management, Spark Capital and existing investors Forerunner Ventures, Thrive Capital, IVP and Index Ventures....
