Investments

Investments
AI Connected Fitness Startup Tempo Notches $220 Million
April 13, 2021

Silicon Valley fitness platform Tempo has raised $220 million in a Series C funding round led by SoftBank Vision Fund, according to Yahoo. Other backers included new investor Steadfast Venture Capital, and returning investors DCM, General Catalyst, Norwest Venture Partners and Bling Capital. This is the...

Investments
Fortnite Maker Hits $28 Billion Valuation With $1 Billion Funding Round
April 13, 2021

Epic Games, maker of the colossal hit Fortnite, said on Tuesday (April 13) that its latest funding round has raised $1 billion, bringing the gaming company’s valuation to $28.7 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

IPO
Grab’s Super-Sized SPAC IPO Underscores The Rise Of The Super App
April 13, 2021

Tens of billions of dollars is a lot of validation. Grab Holdings, billed as Southeast Asia’s biggest technology platform, announced on Tuesday (April 13) that it would go public through a SPAC merger. In a release, the company said it would list on the tech-heavy...

IPO
Grab To Go Public At Colossal $40 Billion Valuation
April 13, 2021

Grab, Southeast Asia’s biggest technology platform, announced on Tuesday (April 13) that it will merge with the special purpose acquisition company (SPAC) Altimeter to go public, Reuters reported, citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Fintech Investments
AppZone Announces $10 Million Series A Toward Finance Digitization
April 12, 2021

Pan-African software provider AppZone has announced the closure of a $10 million Series A round, a press release said on Monday (April 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

IPO
UK Posts Highest IPO Quarter Since 2007
April 12, 2021

The U.K. closed out the first quarter of 2021 with the strongest opening for initial public offerings (IPOs) in 14 years, City A.M. reported on Monday (April 12), citing research from EY. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Huawei Bets $1 Billion On Electric Car Market In China
April 12, 2021

Car companies around the world are speeding forward with their electric car programs. Now, Huawei Technologies Co. said it wants to take on market leader Tesla. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

IPO
Cybersecurity Firm Darktrace Seeks London IPO
April 12, 2021

The British cybersecurity firm Darktrace said it is planning to go public on the London Stock Exchange, an initial public offering (IPO) that could value the company at $4 billion, according to published reports. Get the Full Story Complete the form to unlock this article...

IPO
Swedish Payments Firm Trustly Plans $9 Billion Nasdaq Stockholm IPO
April 12, 2021

The Swedish payments startup Trustly announced plans to file an initial public offering (IPO) at a valuation of $9 billion, the Financial Times reported on Monday (April 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...