Ghost has raised $30 million to grow its members-only B2B marketplace that helps brands and retailers move surplus inventory. The firm will use the capital from this Series B funding round to add to its product, engineering and design team; further develop its platform; and expand into new...
European investment firm Round2 Capital has invested a seven-figure amount in Betterspace, a provider of hotel management platforms. This investment will allow Betterspace to scale its new solution, better.energy, and extend its reach into other industries, the companies said in a Tuesday (Aug. 15) press...
ClassWallet has raised $95 million to grow its digital wallet-based purchasing and reimbursement platform for public funds. The close of its first institutional growth capital funding round builds on ClassWallet’s growth and supports its efforts to help government agencies change how they do business, the...
South African telecom MTN now counts Mastercard among its investors. The company announced Monday (Aug. 14) that the payments giant had agreed to a minority investment in its FinTech group, valuing that side of the company’s business at $5.2 billion. At the same time, MTN made a commercial agreement with Mastercard...
Hive AI, a San Francisco-based software company that uses artificial intelligence (AI) to moderate digital content, is reportedly working to raise $200 million in a funding round, with a valuation of up to $4 billion. The funding round comes two years after Hive was valued...
Abu Dhabi-based LuLu Group International, which owns one of the largest hypermarket chains in the Middle East, is reportedly raising 10 billion dirhams (about $2.72 billion) to refinance debt ahead of a potential initial public offering (IPO). This is being done to realign its capital structure,...
Luxury travel subscription brand Inspirato has entered into a definitive agreement for a new $25 million convertible note investment from Capital One Ventures. The funding will provide the brand the opportunity to further advance its mission of leveraging innovation to drive customer satisfaction and growth, Inspirato said in a Tuesday...
Novo has launched a new offering to help small businesses access working capital. The company has also secured a $125 million facility from Victory Park Capital (VPC) to provide working capital via the new offering, which is called Novo Funding, Novo said in a Tuesday...
Picture an entrepreneur pitching their business to a panel of investors to convince them that their idea is worth funding. That’s the concept of the popular TV series “Shark Tank,” which Columbia Business School professor and 37 Angels founder Angela Lee says has contributed to the rapid surge...
