The German delivery startup Gorillas is looking to raise about $500 million at a $6 billion valuation following a $290 million Series B round in March, Bloomberg reported on Friday (May 7), citing sources. By tapping community warehouses, the digital platform offers delivery of groceries and...
Shift Technologies, which provides artificial intelligence (AI)-powered decision automation and optimization solutions for insurance companies, has closed a Series D funding round of $220 million. Led by Advent International with help from investors that include Avenir Accel, Bessemer Venture Partners, General Catalyst and Iris Capital,...
Sweden-based Einride has raised $110 million to fund the development and use of electric, autonomous trucks, the company announced in a Tuesday (May 6) press release. New investors include Temasek, Soros Fund Management, Northzone, Maersk Growth and Build Capital. In addition, existing investors EQT Ventures,...
April was another strong month for global venture funding, with venture capital and growth investors putting up $48 billion. That makes April the second-highest month on record for investment in private companies, according to data from Crunchbase. The first highest was March of this year,...
ReCharge, which handles subscription services for other companies, has raised $277 million in venture capital, pegging its valuation at $2.1 billion, the company announced in a Thursday (May 6) press release. Investors in the Series B round include Summit Partners, Iconiq Growth, and Bain Capital Ventures. “Our merchants...
Singapore eCommerce brand aggregator Rainforest has raised $36 million in a seed funding round that included $6.5 million in equity financing, The Edge Singapore reported. The funding was led by Nordstar, with participation from Insignia Venture Partners. The round also included a $30 million debt...
Wall Street’s top regulator is looking into whether or not there may need to be rules leveled against brokerage apps that gamify stock trading, The Wall Street Journal (WSJ) wrote on Wednesday (May 5). Securities and Exchange Commission (SEC) Chair Gary Gensler, in testimony prepared...
SCI Ecommerce, headquartered in Singapore, raised $37 million as part of a growth funding round led by Asia Partners. The new capital comes as the startup said it’s moving toward an initial public offering (IPO) before the year is out. The Southeast Asian FinTech and...
The wearable fitness manufacturer Oura announced a $100 million Series C on Tuesday (May 4), a funding round that brings the company’s total financing to just over $148 million. As Forbes pointed out, Oura has had a busy year, with several sports leagues — the...
