Lone Pine Capital
Glossier just laid off one-third of its corporate employees, mostly in tech
Glossier, the popular beauty brand led by former blogger Emily Weiss, let go of 80 of its corporate employees today, according to an internal email obtained by Modern Retail. The cuts, which amount to
Indian fintech giant Razorpay valued at $7.5 billion in $375 million funding
Razorpay has more than doubled its valuation to $7.5 billion from $3 billion in April as one of India’s largest fintech giants demonstrates fast growth and aggressively broadens its product offering
Airwallex raises $100M at a $5.5B valuation to expand its business banking and payments platform globally
E-commerce and other online businesses are becoming increasingly global in their operations and customer bases, and a startup called Airwallex — which has built a banking solution that addresses
Temasek leads $550M Series C extension into Orca Security, which aims for further international foothold
This is the third in a quick succession of funding that Orca Security received in the past 12 months.
Airwallex raises $200M at a $4B valuation to double down on business banking
Business, now more than ever before, is going digital, and today a startup that’s building a vertically integrated solution to meet business banking needs is announcing a big round of funding to
Varo Bank raises massive $510M Series E at a $2.5B valuation as it eyes the public markets
Varo Bank, which last year became the first U.S. neobank to be granted a national bank charter, announced this morning it has raised a staggering $510 million in a Series E funding round at a $2.5 bil
Patreon triples valuation to $4 billion in new raise
Patreon has tripled its valuation to $4 billion in a $155 million funding round led by Tiger Global, the company confirmed to The Wall Street Journal on Tuesday. The creator economy platform, which
Brex applies for bank charter, taps former Silicon Valley Bank exec as CEO of Brex Bank
Brex is the latest fintech to apply for a bank charter. The fast-growing company, which sells a credit card tailored for startups with Emigrant Bank currently acting as the issuer, announced Friday th
VTEX raises $225M at a $1.7B valuation for e-commerce solutions aimed at retailers and brands
Retailers and consumer brands are focused more than ever in their histories on using e-commerce channels to connect with customers: the global health pandemic has disrupted much of their traditional b
TransferWise confirms new $5B valuation following $319M secondary share sale
TransferWise, the London-headquartered international money transfer service, is disclosing that it is now valued at $5 billion by private investors, confirming an earlier Sky News report. The new valu
Outreach nabs $50M at a $1.33B valuation for software that helps with sales engagement
CRM software has become a critical piece of IT when it comes to getting business done, and today a startup focusing on one specific aspect of that stack — sales automation — is announcing a growth
Brex brings on $150M in new cash in case of an ‘extended recession’
Fast-growing fintech behemoth Brex is raising big money as its customer base itself — high-growth and spendy startups — is struggling. The company, which sells a credit card tailored for startups,
Convoy raises $400 million to expand its on-demand trucking platform
Convoy, the digital freight network that connects truckers with shippers, has raised $400 million in a Series D funding round as it aims to scale its business amid an increasingly competitive market.
TransferWise’s new debit card for the US fires the starting gun on a new war for travelers
International money transfer service TransferWise, has made a significant incursion into the US market today, launching a MasterCard debit card alongside a multicurrency account. Mirroring the card it
TransferWise now valued at $3.5B following a new $292M secondary round
TransferWise, the London-headquartered international money transfer service, is disclosing a new $292 million secondary round that sees investors value the company at $3.5 billion. That’s more t