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...
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...
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...
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...
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...
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...
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...
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....
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...
