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This week, the Intergovernmental Panel on Climate Change released its major sixth assessment report on the physical science of climate change. The details are grim, if getting more precise as better and more comprehensive data becomes available. As my colleague Mike Butcher summarized yesterday, it’s “stern and blunt in its conclusions.” While many of the
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In celebration of Coinbase’s earnings report today, investors poured a mountain of cash into one of the company’s global competitors. I’m kidding, of course, but today really is Coinbase’s earnings day, and private investors really did just push $210 million into another exchange. The company, FalconX, is now worth $3.75 billion. As Bloomberg notes, that’s
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U.S. consumer investing and trading service Robinhood announced this morning that it will acquire Say Technologies in a $140 million cash deal. Say Technologies is a venture-backed startup, having raised $8 million in 2018, per Crunchbase data. PitchBook data indicates that the company was worth $28 million on a post-money basis following the investment, implying
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Butternut Box, a London-based fresh dog food business with a tech-driven platform that delivers HelloFresh-style, catered dogfood, has raised $55.4 million (€47.2 million) in a funding round led by L Catterton, the consumer-focused private equity firm, and included participation from White Star Capital, Five Seasons Ventures and Passion Capital. We covered their early funding round
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Just months after raising $28 million, Jerry announced today that it has raised $75 million in a Series C round that values the company at $450 million. Existing backer Goodwater Capital doubled down on its investment in Jerry, leading the “oversubscribed” round. Bow Capital, Kamerra, Highland Capital Partners and Park West Asset Management also participated
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FreshBooks, a Toronto-based cloud accounting software company focused on SMBs, announced today it has secured $80.75 million in a Series E round of funding, as well as $50 million in debt financing. Existing backer Accomplice led the equity financing, which the company described as “an inside round” that propelled FreshBooks to unicorn status with a
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Ahmer Inam Contributor Ahmer Inam is the chief artificial intelligence officer (CAIO) at Pactera EDGE. He has more than 20 years of experience driving organizational transformation. His experience includes leadership roles at Nike Inc., Wells Fargo, Sonic Automotive and Cambia Health Solutions. With the fourth quarter now upon us, every industry faces a challenge in
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Trendyol, an e-commerce platform based in Turkey, has raised $1.5 billion in a massive funding round that values the company at $16.5 billion. General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority co-led the round.  The deal marks SoftBank’s first in the country. The new financing
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Ariana Grande strutted and soared around a candy-colored series of Fortnite sets in Epic’s latest major in-game live music event. The multi-day “tour” offered gamers and Grande fans alike plenty to enjoy while showcasing Epic’s impressively smooth and visually inventive vision for live events that millions of people can enjoy simultaneously. Fortnite players have known
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Launched in February 2019, Kroo, the London-based consumer-facing fintech raised some seed funding last year for its prepaid card service which claims to offer more ‘social features’ in its drive towards offering full-blown banking services. Kroo’s pitch is that it removes friction from financial interactions with friends and family, and throws in some environmental initiatives
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The Chinese government’s crackdown on its domestic technology industry continues, with Tencent under fresh pressure despite the company’s efforts to follow changing regulatory expectations. News broke over the weekend that Beijing filed a civil suit against Tencent “over claims its messaging-app WeChat’s Youth Mode does not comply with laws protecting minors,” per the BBC. And
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