Visa, the payments company, announced Tuesday (October 23) a strategic minority investment in Conductor, a digital payments processing technology platform in Brazil. In a press release, Visa said the investment will go to help Conductor expand its products and to accelerate innovation in payments. The payment...
SevenRooms, the all-in-one reservation, seating and guest management platform, announced on Wednesday (Oct. 17) an investment from Amazon’s Alexa Fund. In a press release, SevenRooms said the funding marks the first time the Alexa Fund has made an investment in a restaurant technology company, and...
Instacart, the retailers’ delivery service, raised $600 million in a fresh round of funding, giving it a valuation of $7.6 billion. According to a report in Recode, the funding round was led by D1 Capital Partners, the hedge fund, and comes just six months after...
Massachusetts Institute of Technology (MIT), aiming to take a lead in educating on artificial intelligence, machine learning and advanced computing, is creating a new college called MIT Stephen A. Schwarzman College of Computing with a planned investment of $1 billion. The New York Times, citing...
When Brex CEO Henrique Dubugras first started out as an entrepreneur, his first destination wasn’t finance — it was virtual reality (VR) technology. But that changed when he went to try and get a corporate card for his firm and found that it was a bigger-than-intended...
SoftBank is looking to put its money to work in WeWork. Possibly. Bloomberg reported Wednesday (October 10) that the Japanese firm – whose investments stretch out across a variety of verticals (more on this later) – is eyeing a majority stake in the co-working company....
Homeownership startup Divvy announced that it has raised $30 million in equity and debt from Andreessen Horowitz, with participation from seed investors Caffeinated Capital, DFJ and PayPal Co-founder Max Levchin. The San Francisco-based startup has created a gradual homeownership program that allows buyers to purchase...
Pershing Square Capital Management, the activist hedge fund controlled by activist investor William Ackman, now has about a 1.1 percent stake in Starbucks. The Wall Street Journal (WSJ), citing comments Ackman made at the Grant’s Interest Rate Observer conference in New York, reported Ackman called Starbucks one...
German company Varjo Technologies has announced a $31 million Series B investment, led by Atomico and Seimens-backed Next47, that will help it launch the world’s first human-eye resolution virtual reality and mixed reality product. It will also be the world’s first VR / XR hardware and...
