BlackRock

Byju’s seeks new funding at less than $2 billion valuation, a 90% drop

Byju’s, once valued at $22 billion, is willing to cut its valuation to below $2 billion as it hunts for new funding, a person familiar with the matter told TechCrunch. The Bengaluru-headquartere

BlackRock cuts Byju’s valuation by 95% to $1 billion

BlackRock has yet again cut the value of its holding in Byju’s, slashing the implied valuation of the Indian startup to about $1 billion from $22 billion in early 2022, according to disclosures

WeWork, once valued at $47B, files for bankruptcy

Flexible office-space firm WeWork has filed for Chapter 11 bankruptcy protection, listing over $18.6 billion of debt in a remarkable collapse for the once high-flying startup co-founded by Adam Neuman

Swedish EV battery maker raises $1.2B to expand to North America

Northvolt, a Swedish producer of lithium-ion batteries, has raised around $1.2 billion from BlackRock and various Canadian pension plans to build new factories in North America and Europe, according t

A bitcoin spot ETF could open the floodgates for wider crypto demand

Bringing bitcoin to the TradFi market in a manner that is already well-understood could unlock lots of demand for the cryptocurrency in the near-term.

Moove takes in $76M equity, debt from Mubadala and BlackRock at a $550M valuation

Moove, an African mobility fintech that provides vehicle financing to drivers of ride-hailing platforms like Uber and other gig networks, has raised $76 million in new funding. It includes $28 million

BlackRock and Reliance’s finance unit to form asset management venture

The world’s largest asset manager is re-entering India — and it’s doing so in a partnership with Asia’s richest man. Jio Financial Services and BlackRock have struck a deal to

Deal Dive: Maybe venture debt works for asset managers after all

While many venture debt lenders were skeptical the strategy would work for asset managers, BlackRock decided to take the plunge.

BlackRock cuts Byju’s valuation by nearly two-thirds to $8.4 billion

BlackRock, a minority investor in Byju’s, has yet again cut the valuation of its holding in the Bengaluru-based startup, this time to about $8.4 billion, even as the most valuable Indian startup

US investors slash Byju’s and Swiggy valuation

Byju's and Swiggy, among the biggest Indian startups, are taking a haircut in their valuations — at least in the eyes of their backers.

BlackRock acquires minority stake in SMB 401(k) provider Human Interest

Investment giant BlackRock announced Friday it is taking a minority stake in venture-backed fintech startup Human Interest. Terms of the deal were not disclosed. Human Interest’s digital retirement

Versa raises $120M for its software-defined networking and security stack

Networking and cybersecurity firm Versa today announced that it raised $120 million in a mix of equity and debt led by BlackRock, with participation from Silicon Valley Bank. CEO Kelly Ahuja tells Tec

The alternative asset class needs new infrastructure — who will build it?

Just as traditional alternatives are becoming a consistent part of the modern portfolio, a new era of alternative assets is emerging, fueling a broader and more fragmented landscape for investing.

Carbon Direct caps $60M round to coach companies on cutting emissions

Carbon Direct advises companies on how to best cut and capture carbon -- then helps them do it.

Investors cheer Coinbase’s new partnerships and attempts to reignite growth

While deals with high-profile names are investor-pleasing, they can be better headlines than results.

BlackRock hops on bitcoin bandwagon with new Coinbase tie-up

After years of resisting, the world’s largest asset manager has finally taken the plunge into crypto in a substantial way. BlackRock, which oversees $10 trillion in assets, is partnering with pu

Once a key driver of global venture activity, fintech investment slows around the world

New Q2 2022 data from CB Insights and PitchBook lay bare fintech’s retreat.

Disclose your Scope 3 emissions, you cowards

Many companies are saying that they don’t take climate change seriously enough to fully understand — and disclose — their own impact on it.

SumUp raises $624M at $8.5B valuation, with its payments and business tech now used by 4M SMBs

A decade ago, SumUp was one of the army of fintechs that made names for themselves with dongles that turned basic smartphones into card payment terminals. Today, the London-based company has expanded

AlphaSense, an analysis and business intel search engine, finds $225M at a $1.7B valuation

Google showed the way when it came to the world understanding and valuing the importance of a good search engine to unlock all the information you could find on the internet. The next iteration of tha
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