On-demand car rental startup Kyte has raised $60 million in Series B growth equity financing, which it will use to accelerate its product development, add to its fleet of vehicles and expand its market. This round brings the company’s total funding to $300 million across...
The total value of the venture capital (VC)-backed funding rounds completed around the world in October was the lowest of any month so far this year. There were 1,235 deals adding up to $21.35 billion done in October, S&P Global Market Intelligence said Thursday (Nov....
As impressive as Thursday’s (Nov. 10) historic market advance was — including the 8.9% jump in the FinTech IPO Index — a one-day rally does not a recovery make. Even with the massive uptick, the past five trading days have seen the FinTech IPO group...
Blnk, an Egyptian buy now, pay later (BNPL) startup, has raised $23.7 million in equity and debt funding and a further $8.3 million via securitized bond issuance. The capital will be used to increase Blnk’s lending capacity and to support the development of its artificial...
As declining technology stocks have hacked the value of investor Tiger Global Management’s public stocks this year, the company has also slashed the value of its private stock in tech firms. Tiger Global — one of the largest tech investors in the world — invested...
B2B payments company Mendel has raised $60 million in a new funding round and said it plans to use the new capital to accelerate the development of its corporate spend management platform in the Mexican market. This funding round was the company’s first since one...
Ernesta, a direct-to-consumer (D2C) custom rug company launched by three of the founders of Peloton — John Foley, Hisao Kushi and Yony Feng — has raised $25 million in a Series A round. The capital will help Ernesta with its goal of expanding the domestic...
Yassir, a San Francisco-based company that operates an Algerian super app by the same name, on Monday (Nov. 7) announced the close of a $150 million Series B funding round to fuel its expansion across Africa and the Middle East. The round was led by...
Friday’s rally, where the broader indices were up more than 1.1%, was not enough to salvage a rocky week, as earnings continue to dominate. And within the Connected Economy’s pantheon, there was little investor cheer to be seen; almost all CE100 segments were lower —...
