Mubadala Investment Company

Stripe is the latest fintech to falter, taking a 28% internal valuation cut

Stripe is the latest high-profile fintech company to experience a significant valuation cut as the market downturn begins to hit the sector especially hard. Last valued at $95 billion, the payments pr

Wefox grabs $400M at $4.5B valuation to buck the insurtech downturn trend

European insurance tech startup Wefox has raised $400 million in a series D round of funding, giving the German company a post-money valuation of $4.5 billion. This represents a 50% increase on last y

Juni jumps on $206M to help e-commerce players manage their own money better

The e-commerce market is on track to pass $5.5 trillion in revenues this year, which speaks not only to how much consumers are shopping online these days, but also to how many businesses there are out

Daily Crunch: $8.5B Amazon-MGM merger will bring thousands of titles to Prime Video

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Turkey’s instant grocery giant Getir grabs UK’s Weezy in latest delivery consolidation

Well that was quick. U.K.-based hyper fast grocery delivery startup Weezy — which only raised a pre-seed for its 15-minute delivery services of supermarket fare last year (after founding the biz

Open Mineral raises $33M Series C funding for its ‘eBay for commodities trading’ platform

Back in 2018 we covered how Open Mineral (OM), a startup aiming to leverage greater transparency in commodities trading, had raised $2.25 million. Well, they’ve come a long way, and now the Zug, Swi

SpotOn raises $300M at a $3.15B valuation and acquires Appetize

Last year at this time, SpotOn was on the brink of announcing a $60 million Series C funding round at a $625 million valuation. Fast-forward to almost exactly one year later and a lot has changed for

SpotOn raises $125M in a16z-led Series D, triples valuation to $1.875B

Certain industries were hit harder by the COVID-19 pandemic than others, especially in its early days. Small businesses, including retailers and restaurants, were negatively impacted by lockdowns and

Update: Telegram raises $1BN+, including $150M from Mubadala and Abu Dhabi CP via pre-IPO convertible bonds

Update: Telegram has now announced it’s pulled in over $1BN in debt financing by selling bonds. Founder Pavel Durov put out an update via his official Telegram channel after a press announcement

Silver Lake adds a $2 billion ‘long-term’ hedge fund backed by Abu Dhabi to its tech finance toolkit

Silver Lake, the multi-billion-dollar tech-focused investment firm, is adding a long-term hedge fund backed by Abu Dhabi’s sovereign wealth fund, Mubadala, to its array of investment vehicles to

India’s Reliance Jio Platforms to sell $750 million stake to Abu Dhabi Investment Authority

Mukesh Ambani has courted the seventh major investor for his telecommunications business in just as many weeks. On Sunday, Reliance Jio Platforms said it will sell a stake of 1.16% for $750 million to

Waymo brings in $2.25 billion from outside investors, Alphabet

Waymo, the former Google self-driving car project that is now a business under Alphabet, said Monday it raised $2.25 billion in a fundraising round led by Silver Lake, Canada Pension Plan Investment B