Denmark-based venture capital (VC) manager Dreamcraft Ventures has reached its target of 55 million euros ($58.7 million) for its Fund II. Fund II has made six investments in the last nine months, the firm said in a Wednesday (Sept. 13) post on LinkedIn. The VC manager invests...
As grocers look to boost loyalty and drive adoption, card-linked offers can help them reach half of all shoppers. By the Numbers For the new report “Leveraging Item-Level Receipt Data: How Card-Linked Offers Drive Customer Loyalty,” PYMNTS Intelligence surveyed more than 2,000 U.S. consumers in...
Digital dynamics are reinventing the way businesses around the world operate. But in order to capture the efficiencies modern workflow solutions provide, firms often need to reinvent their own systems first. Many simply don’t want to, and it is holding them back. Firms shackled by...
Spanish digital car subscription service provider Revel has reportedly raised 115 million euros (about $123 million) in a funding round. The money, which includes a 15 million euro (about $16 million) capital investment and a debt financing structure of up to 100 million euros (about...
In an effort to make their brands more indispensable to consumers’ day-to-day food routines, both Kroger and Albertsons have just announced new meal offerings. The Kroger Company, the nation’s largest pure-play grocer, announced Friday (Sept. 15) a partnership with Performance Kitchen, a company that creates “medically tailored meals”...
Citigroup has reportedly begun the layoff process after announcing a management overhaul on Wednesday (Sept. 13). Support staff in compliance and risk management at the bank are expected to be the most affected, Reuters reported Friday (Sept. 15). Additionally, technology staff working on overlapping functions are also...
Goldman Sachs has reportedly created a “sports franchise” unit within its investment banking division. The new unit aims to provide wealthy clients with the opportunity to invest in sports teams, combining sports mergers and acquisitions with sports financing, The Wall Street Journal (WSJ) reported Friday...
Instacart is reportedly looking to raise $660 million in its upcoming initial public offering (IPO). The grocery-delivery company decided to increase the price range for its shares following the successful trading debut of chip designer Arm Holdings, which has boosted confidence in new listings, Bloomberg...
As restaurants look for more efficient and cost-effective ways to meet consumers’ desire for on-demand delivery, Papa John’s is tapping drones to keep the food hot until it gets to customers’ doors. The restaurant’s drone delivery provider Flytrex shared in an emailed press release Thursday...
