Bessemer Venture Partners is launching a $10 million early-stage seed program to back new startups in the healthcare industry. According to TechCrunch, the company’s celebrity healthcare investor, Steve Kraus, and its head of investments in Israel, Adam Fisher, will lead the Deep Health Seed Program...
SoftBank is gearing up to invest $2.25 billion in General Motors (GM) self-driving unit Cruise, in what appears to be validating GM’s position in autonomous driving. Reuters, citing the companies, reported that the investment is coming from the SoftBank’s $100 billion Vision Fund. Reuters noted it’s...
Bird, an electric scooter-sharing startup, is trying to raise $150 million in a funding round that will bring its valuation to $1 billion to become the first scooter unicorn. According to Bloomberg, the round is being led by Sequoia Capital — and sources say the company...
Tradeshift, the supply chain payments, and marketplaces company announced Wednesday (May 30) that it is raising $250 million in a Series E funding round led by Goldman Sachs and Public Sector Pension Investment Board (PSP Investments). In a press release, the company said that other...
Daimler, the German carmaker that owns Mercedes-Benz, has acquired a stake in Taxify, the ride-booking startup, in a round of fundraising that gives Taxify a valuation of greater than $1 billion. The Financial Times reported that Taxify, which is based in Estonia and has China’s Didi...
Acorns, the mobile investing platform that takes spare change and invests it on behalf of its customers, has reached more than 3.5 million customers, with most investing around $50 or $60 per month. In an interview with TechCrunch, Acorns’ chief executive, Noah Kerner, said that while...
Ahead of an expected initial public offering (IPO), Alibaba’s investment arm Ant Financial has secured $10 billion in funding from global and local investors, and declared a valuation of $150 billion — more than double its valuation after its last funding round in April 2016,...
Rocket Internet, the Germany eCommerce company, is aiming to invest in financial technology and artificial intelligence startups with the $3 billion in cash it has, reports Reuters. Reuters, citing comments the company made after reporting earnings Tuesday (May 29), reported that Chief Executive Oliver Samwer wants...
Howard Marks, Founder of Oaktree Capital, warned that private equity (PE) firms are reducing their standards in terms of what they will invest in, and paying high prices that could impact returns for investors. According to a report in the Financial Times, Marks said private equity...
