Global mobility and urban services platform inDrive’s financing arrangement with General Catalyst has been expanded to $300 million. The company has secured an additional $150 million from General Catalyst, which joins the initial $150 million it secured in 2023, inDrive said in a Thursday (March 14) press release. InDrive will use...
TravelPerk, a business travel management platform, has closed an additional $104 million investment led by SoftBank Vision Fund 2. This funding will be used to drive the continued growth and product expansion of TravelPerk, as well as accelerating gross profit through automation and artificial intelligence...
Artificial intelligence (AI) is reportedly gaining traction in the healthcare industry, with venture firms investing in startups that leverage AI to revolutionize patient care, drug discovery and clinical note-taking. One such firm, Andreessen Horowitz, has been actively backing startups focused on improving medical care through AI...
Artificial intelligence (AI)-driven insurance company Lemonade has announced second-quarter 2023 earnings results, driven by a growing top line, oversubscribed reinsurance and acceleration in rate approvals. In terms of financial performance, the digital insurance firm reported a net loss of $67.2 million in the quarter, a...
April 07, 2023
In a challenging macroeconomic market that has led to a sharpened focus on belt-tightening, FinTech firms are under mounting pressure from investors to pivot from growth to profitability. It’s a shift in strategy justified by some investors as a way to win back increasingly cautious investors. But Zeynep Yavuz, FinTech partner at early-stage venture capital […]
September 20, 2019
Today in the payments news roundup, Wells Fargo is collaborating with data platform Plaid to let customers manage their finances in one place through an application programming interface (API). Also,...
April 28, 2024
Venture capital (VC) operation General Catalyst has reportedly raised almost $6 billion for technology startups. The company, which has invested in Stripe, Snap and Mistral, could close its newest fund as soon as May, the Financial Times reported Sunday (April 28), citing sources familiar with the matter who say the funds will be invested in various sectors including defense, space, climate, […]
March 14, 2024
Global mobility and urban services platform inDrive’s financing arrangement with General Catalyst has been expanded to $300 million. The company has secured an additional $150 million from General Catalyst, which joins the initial $150...
January 23, 2024
TravelPerk, a business travel management platform, has closed an additional $104 million investment led by SoftBank Vision Fund 2. This funding will be used to drive the continued growth and...
September 01, 2023
Artificial intelligence (AI) is reportedly gaining traction in the healthcare industry, with venture firms investing in startups that leverage AI to revolutionize patient care, drug discovery and clinical note-taking. One...
