Investments

Investments
China’s Starbucks Rival Luckin Raises $150M
April 18, 2019

Luckin, a Chinese coffee startup that aims to dominate rival Starbucks in the Chinese coffee market, has raised $150 million in a Series B-plus fundraising round, according to a report. The fresh capital values the company at $2.9 billion, which is an increase of $700...

Investments
Uber’s Self-Driving Unit Valued At $7.25B
April 18, 2019

Uber is working on an investment deal that would value its self-driving unit at $7.25 billion. Citing two people familiar with the matter, Financial Times reported that existing Uber shareholders SoftBank, Toyota and Japanese auto parts supplier DENSO will fund $1 billion into Uber’s Advanced Technologies Group (ATG)...

Investments
Payfone Nabs $24M In Funding; Partners With TransUnion
April 18, 2019

Payfone announced that it has secured a $24 million funding round, led by TransUnion. The funding also included participation from existing investors Synchrony, MassMutual Ventures, Massachusetts Mutual Life Insurance Company and Wellington Management. Get the Full Story Complete the form to unlock this article and...

Investments
P2P Chinese Lender Dianrong Seeks $100M Amid Regulations
April 17, 2019

Chinese peer-to-peer (P2P) lender Dianrong wants to raise $100 million in an attempt to outlast a regulatory squeeze on the industry in the country, according to a report in the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Lyric Raises $160M In Funding Led By Airbnb
April 17, 2019

Lyric, a startup that designs, installs and operates flexible accommodations for travelers, raised $160 million in venture funding. 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 to...

Investments
Returnly Raises $19M To Help Retailers Handle Returns
April 17, 2019

Returnly, the post-purchase payments company, announced on Tuesday (April 17) that it has raised $19 million in venture funding. 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
STORD Raises $12.3M To Create New Distribution Model
April 17, 2019

STORD, the on-demand warehousing startup, announced Tuesday (April 17) it raised $12.3 million in venture funding. 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 to our daily...

Investments
Home Maintenance Startup Super Raises $20M To Expand
April 17, 2019

Super, a home maintenance subscription service startup, announced Wednesday (April 17) it has raised $20 million in venture funding. 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
Payment Co. Nexi’s IPO Raises $2.3B
April 12, 2019

Digital payment company Nexi has raised $2.3 billion in its initial public offering (IPO), making it the largest European IPO this year so far, according to Bloomberg. It is also the third IPO for a payments-related company in less than a year. Get the Full...