Declining USDC in circulation means that the asset base from which Circle generates much of its revenue is also falling. That's a harder growth story to pitch.
Ticketing platform SeatGeek announced today that it had raised $238 million privately as part of a Series E funding round. The company has a valuation of $1 billion, according to the release. Long-tim
Two EV manufacturers are seeking cash infusions this week to bring their delayed vehicles to market. Nikola, a Phoenix-based electric truck maker, said in a securities filing Tuesday that it plans to
While the IPO is characterized as the pinnacle for venture-backed startups, far more companies see successful exits via an M&A process than by going public.
Let’s chat through the results of the Deezer deal, how quickly the IPO market has changed more generally, and then drill into the European SPAC market in the wake of Deezer’s demonstrative debut.
Polestar is the latest EV maker to hurry to the stock exchange by merging with a special purpose acquisition company, or SPAC, before becoming profitable.
Commercial EV maker Electric Last Mile Solutions said Monday that it will file for bankruptcy, the first among a spate of troubled EV manufacturer SPACs to go out of business. Electric Last Mile Solut
The IPO window has all but closed for technology companies in the wake of a massive downturn in the market, but an opening still remains for some, in the form of SPACs. Near — a data intelligenc
The layoffs and new CEO appointment are the latest developments in a series of ups and downs for Thrasio.
The deal comes at a time when companies that took the SPAC route are facing increasing regulatory scrutiny in the U.S.
If 2020 and 2021 were the years of the SPAC, 2022 is shaping up to be the year of the reprimand.
The blank-check boom that made real many electric vehicle manufacturers' dreams of going public may be nearing a close.
Circle, a crypto-focused financial technology firm, has entered an agreement for a $400 million funding round, the company announced. It is expected to close in the second quarter of 2022. Investors i
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Mass transit and shared mobility provider Swvl went public today in a landmark moment for Egyptian and Middle Eastern tech ecosystems. It’s also a test for the company going public despite a market
The internet service provider’s approach involves beaming broadband speed internet through the air using millimeter waves.
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
You are more likely to close a sale if you have actionable insights into your prospective customer’s needs. But for enterprise software startups, this presents a special problem.
Why are companies that went public via SPACs struggling? Did they catch a headwind from changing market conditions that previously pushed them forward? You bet. But the damage is also self-inflicted.
Remember Wag? The dog-walking app made huge waves back in 2018 when it raised $300 million from SoftBank's Vision Fund. Wag's back in the news thanks to a SPAC deal that will take it public.
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