Investments

Investments
Investors Drop $4.6M on Youth Fashion Platform TheDrop
November 22, 2021

TheDrop.com, a youth lifestyle marketplace platform, has raised $4.6 million through a Series A funding round, bringing the company’s total funding to $8.5 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Indian Startup Mensa Brands Becomes Unicorn in Six Months
November 19, 2021

The founder of Indian direct-to-consumer (D2C) brand aggregator Mensa Brands on Thursday (Nov. 19) told CNBC that it has become a unicorn — a private company with a valuation of at least $1 billion — and is already profitable after closing a $135 million Series...

Investments
Crypto Empire Gemini Will Use $400M to Build Metaverse
November 18, 2021

Gemini Space Station, LLC, founders Tyler and Cameron Winklevoss plan to use the $400 million they recently snagged through an investment round to build a metaverse for the $7.1 billion platform, according to a Forbes report Thursday (Nov. 18). Get the Full Story Complete the...

Investments
Blackstone Finalizes Majority Investment of SPANX, Inc., Driving Valuation to $1.2B
November 18, 2021

Global investment firm Blackstone has completed a majority investment in womenswear brand SPANX, Inc., pushing the 21-year-old company’s valuation to $1.2 billion and enticing several celebrities to invest, according to a Thursday (Nov. 18) press release. Get the Full Story Complete the form to unlock...

Investments
Authentication Firm Stytch Raises $90M in Series B Funding at $1B Valuation
November 18, 2021

Passwordless authentication platform Stytch on Thursday (Nov. 18) announced that it has raised $90 million in a Series B fundraising round that values the fledgling firm at $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Global FinTech Airwallex Closes $100M Series E at $5.5B Value
November 18, 2021

Global FinTech Airwallex raised $300 million in an oversubscribed Series E1 funding round that includes an additional $100 million, giving the Melbourne, Australia, startup a $5.5 billion valuation, according to a press release emailed to PYMNTS. Get the Full Story Complete the form to unlock...

Investments
B2B Marketplace Ula Closes Series B Round with Additional $23.1M
November 16, 2021

B2B marketplace Ula has closed out its $87 million Series B funding round with an additional $23.1 million, bringing the total funding to $110.1 million, according to reports on Tuesday (Nov. 16). Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Upgrade at $6B Valuation After $280M Series F Funding 
November 16, 2021

Credit and mobile banking platform Upgrade, Inc. on Tuesday (Nov. 16) announced it has raised $280 million in a Series F fundraising round led by Coatue Management and DST Global, and is now at a $6 billion pre-money valuation.  Get the Full Story Complete the...

Investments
Aplazo Raises $27M in Series A Funding for Mexico BNPL Growth 
November 16, 2021

Mexican omnichannel buy now, pay later (BNPL) platform Aplazo on Tuesday (Nov. 16) announced it’s raked in $27 million in Series A funding, four months after it grabbed $5.25 million in seed funding, and it plans to use the fresh capital for growth, including adding...