Technology and investment group e& has acquired a majority stake in the Careem super app. With the firm’s investment of $400 million — the completion of which is subject to regulatory approvals and other closing conditions — the Careem super app will spinout from Uber Technologies subsidiary Careem, the companies said...
What does the downfall of Silicon Valley Bank mean for the venture debt sector? It’s a question asked by a Monday (April 10) report in The Wall Street Journal (WSJ) report, which noted that SVB had helped pioneer the crucial-for-startups venture debt field. When the...
Rodeo has reportedly raised $5 million for its “operating system for gig economy workers.” The London-based company was founded in 2021 and its app has been used by more than 9,000 gig workers, UKTN reported Thursday (April 6). The firm will use the new funding...
Funding to U.S. tech startups reportedly plummeted 55% during the first quarter of 2023. Those companies raised $37 billion in venture capital (VC) in the first three months of the year, the lowest level in 13 quarters, Bloomberg News reported Thursday (April 6), citing data...
Spendflo has raised $11 million for its platform for buying, managing and securing software-as-a-service (SaaS). The firm will use the new funding from this Series A round to continue growing the product that already helps companies that are investing in SaaS centralize their intake and...
Germany’s Finanzguru is $14 million richer after a new PayPal Ventures-led funding round. The Frankfurt-based financial advice/banking app announced the funding — co-led by SCOR Ventures — on Tuesday (April 4), saying it would use the money to expand its platform and “significantly” add to...
Block’s stock recovered late last week after it issued a detailed response to a short seller’s negative report. On March 23, Hindenburg Research published a report accusing the payments company of inflating the user base of its Cash App money transfer platform and permitting criminal...
Steer Technologies has completed a previously announced sale of 37.5% of its digital restaurant supply business. With the completion of this $18 million direct investment, the digital restaurant supply business has a post-money valuation of $47.14 million and is set to grow its subscription-based and...
Cryptocurrency wallet manufacturer Ledger has announced its Series C extension fundraising round. The firm offers hardware wallets that store crypto users’ private keys in a secure device, isolating the keys from a computer or smartphone that could be hacked, according to the company’s website. With...
