Investments

Investments
LATAM’s Valoreo Raises $50 Million To Acquire And Scale eCommerce Firms
February 16, 2021

Latin American eCommerce acquirer Valoreo has raised $50 million in a seed funding round to expand its operations in the region. The funding was one of the largest seed rounds in the region, according to an announcement from Angel Ventures, one of the investors in the...

Investments
SPAC Birthed From LVMH + Former UniCredit CEO 
February 15, 2021

LVMH’s Bernard Arnault — the richest man in Europe — is collaborating with former UniCredit CEO Jean Pierre Mustie to launch a special purpose acquisition company (SPAC) for European financial company investments, the Financial Times (FT) reported on Monday (Feb. 15). Get the Full Story...

Investments
India’s BharatPe Notches $108 Million In Funding, Valued At $900 Million
February 11, 2021

Indian lending and digital payments startup BharatPe raised $108 million in a Series D funding round at a valuation of $900 million led by Coatue Management, according to a Thursday (Feb. 11) press release. Get the Full Story Complete the form to unlock this article...

Investments
Indian Online Supermarket Grofers Eyes Going Public Via SPAC
February 11, 2021

Grofers, an Indian online grocer, is looking at taking itself public in the U.S. by merging with a blank-check company. Such a move would be part of the intensifying trend of using such a special purpose acquisition company (SPAC). Get the Full Story Complete the...

Investments
Plus Raises $200 Million To Mass Produce Autonomous Trucks
February 10, 2021

Plus, formerly known as Plus.ai, which works in automated trucking, is done with a $200 million funding round, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Investments
Thrasio Pulls In $750 Million To Continue Acquisitions Of Amazon Sellers
February 10, 2021

Massachusetts-based Thrasio keeps bringing in the investor bucks. This time around, it’s $750 million in an “equity round” funded mostly by existing investors, including Oaktree and Advent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Startup Nymbus Closes $53 Million Series C To Scale BaaS
February 10, 2021

Banking-as-a-service (BaaS) startup Nymbus raised $53 million in a Series C funding round led by existing investor Insight Partners. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Investments
Monzo Looks To Top Off Series G With $69 Million Down Round
February 09, 2021

London FinTech Monzo is looking to top up its Series G funding round by £50 million ($69 million) on a lower valuation, UK Tech News reported on Tuesday (Feb. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
Multilingual Neobank Fair Raises $20 Million To Address Racial Wealth Gap
February 09, 2021

The multilingual neobank startup Fair raised $20 million in less than 40 days and is preparing to launch to the general public in April, with early bird memberships available in March, the company said in a press release on Tuesday (Feb. 9). The backers were...