European neobank bunq has closed a 44.5-million-euro (about $49 million) funding round that brings its total capital raised this year to nearly 100 million euros (about $111 million). With this latest injection of capital, bunq’s investment valuation stands at 1.65 billion euros (about $1.8 billion), solidifying its status as...
While consumers are excited about super apps, some investors apparently aren’t as sure. As the Financial Times (FT) noted in a report Tuesday (July 18), companies like Singapore’s Grab and the Indonesia-based GoTo enjoyed years of cash infusions for their vision of combining services like...
Venture capital (VC) outfits are reportedly shrinking their megafunds after years of building them up. As The Wall Street Journal (WSJ) reported Sunday (July 16), these cuts illustrate the way tech investors are scaling back their goals even as tech stocks rebound in part because of...
Robinhood’s retirement accounts are diversifying its revenues and widening its customer base. That’s been the popular investing app’s experience in the months since it expanded its offerings with the launch of traditional and Roth individual retirement accounts, the Wall Street Journal (WSJ) reported Friday (July 14). The company...
Construction-focused FinTech Trunk Tools has raised $9 million to help workers get paid faster. The company’s seed round, announced Thursday (July 13), comes at a time when instant payroll is becoming increasingly important to workers. “The manufacturing and construction industries have grappled with a labor shortage and productivity crisis...
Sapphire Ventures has committed an investment of more than $1 billion to cultivate the next generation of artificial intelligence (AI)-powered enterprise technology. This investment marks a deepening of Sapphire’s dedication to AI technology and building on the success of their past investments in and scaling of...
New York City-based FinTech Clair has raised $175 million in funding. The financing was led by Thrive Capital and included participation from Upfront Ventures and Kairos, Clair said in a Thursday (July 6) press release. Michael Presser, investing partner at Kairos, is also joining Clair’s board as an observer. Founded in 2019, Clair provides...
After eight years of self-funding, French accounting startup Dougs has raised its first outside financing. The company took in $27 million in its first funding round, TechCrunch reported Wednesday (July 5), and plans to use the capital to double the size of its team by 2025 and expand...
Swedish medical diagnostics company Neko Health has raised 60 million euros (about $65 million) to expand beyond its borders. The company, co-founded by Spotify CEO Daniel Ek, announced the Series A funding in a Wednesday (July 5) press release, noting that it was the first time it had brought in outside capital....
