Finance

  • The 12 largest Series B rounds of 2016

    Let’s face it, if you’re an investor, you were probably priced out of these insanely large rounds. If you’re a founder, you’re swooning at the mere prospect of making such a statement. But no matter who you are, a lot can be gleaned from analyzing investment trends. Looking at B rounds provides a nice balance between the somewhat predictable success stories of… Read More

  • Kreditech adds Rakuten as new investor, raises another $10.4M

    Kreditech adds Rakuten as new investor, raises another $10.4M

    Kreditech — the online lender that builds credit histories based on big data analytics and is backed by the likes of Peter Thiel, Blumberg and the World Bank’s IFC — is today announcing a new strategic investor, and with it, a little more funding. The Hamburg startup has raised $10.4 million (10 million euros) from Rakuten, the e-commerce giant out of Japan. The… Read More

  • Brexit transition period vital to avoid UK fintech exodus, warns Lords report

    Brexit transition period vital to avoid UK fintech exodus, warns Lords report

    A House of Lords committee in the UK has published a report on Brexit and financial services urging the government to secure a transitional period early in negotiations to avoid the risk of fintech firms shifting operations out of the UK as uncertainty after the vote to leave the European Union stacks up. Read More

  • Apple may participate in $100 billion SoftBank fund

    Apple may participate in $100 billion SoftBank fund

    Apple is considering investing up to $1 billion in the SoftBank Vision Fund, according to a report from The Wall Street Journal. With a fundraising target of $100 billion, Apple’s participation would mean that the world’s largest tech company would be investing in the world’s largest tech fund. SoftBank itself is investing about $25 billion and the Saudi Arabian government… Read More

  • Andreessen in hot water for texts he sent Zuckerberg

    Andreessen in hot water for texts he sent Zuckerberg

    Facebook’s board was sued earlier this year, with investors alleging that their interests were not adequately represented when Zuckerberg was permitted to sell most of his shares and still retain voting control of the company. And now court filings uncovered by Bloomberg show that texts sent by board member Marc Andreessen are being used to suggest that he was protecting Zuckerberg… Read More

  • CNote looks to upend traditional savings with the help of good timing

    CNote looks to upend traditional savings with the help of good timing

    Believe it or not, the money you have in your savings account right now is probably losing you money. In today’s economy, inflation outpaces the interest rates that banks pay to encourage saving money — this makes penny pinching less prudent than many might think. Catherine Berman, a former Managing Director at Charles Schwab and founder of a new YCombinator Fellowship backed… Read More

  • Ruvento raises new seed fund to invest in hardware across Singapore, China and the U.S.

    Ruvento raises new seed fund to invest in hardware across Singapore, China and the U.S.

    Today, Ruvento is announcing a new $25 million seed fund for hardware startups in need of capital from Singapore, China and the U.S. The fund, managed by Slava Solonitsyn and Alex Toh, will write 70 percent of its checks between $100k and $500k. The rest of the capital will be reserved for follow-on investments of up to $2 million. Ruvento is not the first investor to take a… Read More

  • Tyson Foods launches new venture fund to back food and agriculture startups

    Tyson Foods launches new venture fund to back food and agriculture startups

    Tyson Foods Inc., one of the world’s largest makers and marketers of meat products, has announced the formation of a $150 million venture capital fund to back food and agriculture startups. According to Tyson’s Executive Vice President of Strategy and New Ventures, Monica McGurk, the fund will seek to invest in startups solving problems around food production, distribution… Read More

  • Vault is automating investment to offer affordable retirement plans beyond 401(k)

    Vault is automating investment to offer affordable retirement plans beyond 401(k)

    Former JP Morgan financial advisor Randy Fernando got the idea for his fintech startup Vault — selected as audience choice for the startup battlefield here at Disrupt London — after his mum asked him whether there were any retirement plan benefits she could offer staff as a hiring incentive at her small business pre-school. Read More