Investments

Investments
MoonPay Nets $555M in Series A, Pushing Value to $3.4B
November 22, 2021

Crypto payments infrastructure provider MoonPay Inc. has generated $555 million in an all-equity Series A funding round, driving the 2-year-old company’s valuation to $3.4 billion, according to a Monday (Nov. 22) press release. The funding round was led by Tiger Global Management and Coatue, with contributions...

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...

SPAC
Warren Wants SEC to Probe Trump SPAC Deal for Violations
November 18, 2021

Sen. Elizabeth Warren pressed the Securities and Exchange Commission (SEC) Thursday (Nov. 18) to look into possible securities violations in a proposed special purpose acquisition company (SPAC) merger between President Donald Trump’s social media platform and Digital World Acquisition Corp. Get the Full Story Complete...

IPO
Paytm’s Busted IPO Shows Investors’ Fears Over Long-Term Prospects 
November 18, 2021

Paytm’s debut this week on the Bombay Stock Exchange, at the time of this writing, looks like the Ishtar of initial public offerings (IPOs). Lots of money and some star power – and out of the gate, it’s sinking like a stone. Get the Full...

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...

IPO
Sweetgreen Reveals Higher-Than-Expected IPO Pricing
November 18, 2021

Sweetgreen Inc. has unveiled the price of its initial public offering (IPO), with the salad chain saying it would sell 13 million shares of Class A common stock at $28 per share, higher than earlier projections. Get the Full Story Complete the form to unlock...