When overvalued companies deflate in a wave, as we’re seeing now, that’s either heralding bad times ahead or an oncoming era of growth, depending on whether you’re buyer or seller. The record number of initial public offerings (IPOs) and the burst of special purpose acquisition...
ByteDance has traded in recent weeks at valuations beneath $300 billion, a 25% drop since last year, showing the strain tech companies are under in China. Bloomberg reported Wednesday (July 20) that investors are cashing out of the TikTok owner now that its IPO has...
Sudan-based Bloom has raised $6.5 million in seed funding round, the FinTech announced in a press release Wednesday (July 20). The company’s investors include Visa, Y Combinator, Global Founders Capital and Goodwater Capital, as well as angel investors like Dropbox co-founder Arash Ferdowsi, footballers Blaise...
Cryptocurrency exchange FTX, which was co-founded by billionaire Sam Bankman-Fried, is reportedly looking into raising a new round of capital after its recent spending spree added new digital assets marketplaces to the fold. FTX and its American entity, FTX US, are both raising fresh capital,...
Global multistage investment firm B Capital has announced a $250 million close for its Ascent Fund II, the first dedicated early-stage fund, which will help it work with more entrepreneurs, a press release said Tuesday (July 19). The release noted that Ascent works on pre-seed...
JPMorgan Chase’s healthcare unit, Morgan Health, has made a $30 million investment in Centivo, a provider of health plans for self-insured employers focused on healthcare affordability for employees and their families, according to a Tuesday (July 19) press release. Centivo works to align incentives between...
Smart credit card company X1 Card on Monday (July 18) raised $25 million in a Series B funding round that it plans to use for product innovation and growth ahead of its availability to the general public in the coming weeks, according to a company...
Crypto corporate treasury firm Meow raised $22 million in a Series A funding round led by Tiger Global, with participation from QED Investors, FTX and others, as the startup moves to grow its workforce and expand its product features. Headquartered in New York, New York and co-founded...
Private-equity firms are on the hunt for funding, turning up the competition during market and economic uncertainty and an overall lean time for new deals. “Right now, it’s just taking longer to raise funds,” Josh Zweig, co-head of U.S. private-equity research at advisory firm Cambridge...
