Investments

Investments
VC Firm Upload Ventures Trades Credit FinTechs for AI Investments
September 11, 2024

Brazilian investment firm Upload Ventures is reportedly upping its artificial intelligence (AI) investments while avoiding credit FinTechs. That’s according to a Bloomberg News interview Wednesday (Sept. 11) with Carlos Simonsen, co-founder and managing partner of the venture capital (VC) firm. “There are a lot of...

Investments
Paymob Raises $22 Million to Expand in Egypt and GCC Countries
September 11, 2024

Financial services enabler Paymob raised another $22 million to expand its offering in its core market of Egypt and its newer markets in Gulf Cooperation Council (GCC) countries. The $22 million Series B extension round follows a $50 million initial Series B funding round in...

Investments
French Startup Neat Raises $55 Million for Embedded Insurance Offering
September 10, 2024

French embedded insurance startup Neat has raised 50 million euros (about $55 million). This total includes about 60% in equity and 40% in debt, TechCrunch reported Tuesday (Sept. 10). Neat helps retailers and other companies sell embedded insurance products to their customers, pays them a commission...

Investments
Citigroup Says Demand for High-Growth Stocks Could Benefit Tech Companies
September 10, 2024

A top Citigroup banker reportedly said that a handful of tech companies are considering going public on U.S. exchanges before the end of the year and that they could benefit from demand for high-growth stocks. Paul Abrahimzadeh, co-head of equity capital markets for North America at...

Investments
Apollo and State Street Launch Private-Public Credit ETF
September 10, 2024

Apollo Global Management and State Street are reportedly launching a private-public credit exchange traded fund. That’s according to a report Tuesday (Sept. 10) by the Financial Times (FT), which noted that this is the latest attempt by large investment firms to sell alternative assets to...

Investments
Glean Raises $260 Million to Expand Work AI Platform
September 10, 2024

Glean has raised $260 million in a Series E funding round to accelerate its artificial intelligence (AI) innovation, customer acquisition and global expansion of its Work AI platform for enterprises. This round doubled the company’s valuation to $4.6 billion, up from the $2.2 billion valuation...

Investments
Atomico Raises $1.24 Billion to Invest in European Technology Companies
September 09, 2024

Atomico raised $1.24 billion for two funds to invest in European technology companies. The company’s new $754 million Atomico Growth VI partners with entrepreneurs from Series B to pre-initial public offering (IPO), while its new $485 million Atomico Venture VI focuses on founders at Series...

Investments
Finally Raises $200 Million to Bolster Small Business Finance Suite
September 09, 2024

Finance and human resources suite finally has raised $200 million in new funding. The financing, a $50 million Series B from PeakSpan Capital and $150 million credit facility from Encina, will help the company bolster its small and medium-sized business (SMB)-focused offering, according to a Monday (Sept....

Investments
Ecommerce Firm Thrasio’s Collapse Leads to Private Equity Fight
September 08, 2024

The collapse of eCommerce startup Thrasio has reportedly triggered a fight between its former private equity backers. Oaktree Capital Management has written a letter to private equity (PE) firms Silver Lake and Advent criticizing them for their oversight of Thrasio, the Financial Times (FT) reported...