Wayflyer raises $150M on a $1.6B valuation for a new spin on providing loans to e-commerce merchants

E-commerce has continued to boom in the wake of the COVID-19 pandemic, but running an e-commerce business has also become significantly more chaotic, with unpredictable supply chains, logistics hiccups and overall higher costs upending even the best-laid plans. To underscore the demand for solution

Kenyan tech-enabled logistics platform Amitruck raises $4 million, embarks on Uganda, Tanzania expansion

The shipping business in Africa has for years been inefficient and costly due to the traditional ways of managing operations — traditional in the sense that a shipper has to physically look for a transporter, sometimes through a middle-man, and often, once goods are delivered, the trucks almo

Will the Citrix-Tibco merger create enterprise magic? Vista clearly thinks so

Private equity firm Vista Equity Partners has finally found a suitable match for Tibco: it has teamed up with Evergreen Coast Capital (a unit of Elliot Management) to buy Citrix Systems for $16.5 billion. The deal, which represents a roughly 30% premium on Citrix’s value, aims to combine the

Citrix to be acquired by Vista and Evergreen/Elliott in a $16.5B all-cash deal, will be merged with Tibco to create SaaS powerhouse

More consolidation is afoot in the world of IT to meet a new demand from enterprises for “one-stop shops” covering a wide range of needs in our hybrid world of work. Citrix, the long-in-the-tooth virtualization giant that had been making a slow transition into cloud computing, is being

Fintech Roundup: Better.com workers leaving in ‘droves’ in wake of CEO Vishal Garg’s return

Welcome to my new weekly fintech-focused column. It's an incredible time to be a financial technology journalist. Besides the fact that over 20% of all venture dollars last year went into fintech startups, I am particularly excited about the many ways that this technology is helping boost inclu

Event marketing is a 'team sport,' and Vendelux is coaching companies to find the best ROI

When you go to events, conferences and trade shows and it works out well in terms of driving tons of leads and opportunities, it is a good experience. However, when the events don't work out so well, that can be risky in terms of wasting time and money. Two former Shutterstock execs, Alex Reyno

Subscript wants to rid the world of subscription revenue metric spreadsheets

Sidharth Kakkar knows all about the pain of relying on a giant spreadsheet. While building his previous company, Freckle Education, it got to the point where the master spreadsheet full of data that everyone was using would not load anymore or would crash the computer. His company eventually was bo

Vesta closes on $30M in an a16z-led Series A to build a new kind of mortgage infrastructure

If you've ever taken out a mortgage, you know how painful and tedious the process can be. In an effort to make it simpler, faster and cheaper, a pair of former Blend employees have teamed up to build mortgage loan origination software that will connect banks, credit unions, mortgage bankers and

EV battery maker LG Energy Solution becomes South Korea's second most valuable firm in IPO debut

South Korea's electric vehicle battery maker LG Energy Solution made a successful market debut on Thursday. The market capitalization of LG Energy stood at $98.3 billion (118 trillion KRW) at the close of trading on local stock exchanges, making it the country's second most valuable firm af

Atrium grabs fresh capital to help sales teams meet their quota

With sales teams now operating remotely, it is even harder to monitor how well they are performing. Atrium wants to make sure sales managers, sales development managers and customer success leads have the data-driven insights to be able to do that. The sales management technology company closed on

IBM shrugs off investor EPS concerns, sells growth story

By all accounts, yesterday was a great day in IBM’s recent financial history. It said its revenue rose 6.5% in Q4, the highest in years. Investors liked the results, and the stock rose in after-hours trading. That is, until CFO Jim Kavanaugh answered a question on the company’s earnings

Scratchpad nabs $33M Series B to continue building sales workspace

Scratchpad, a startup that is building a tool to make it easier for salespeople to enter data into Salesforce, has expanded that mission to give access to the information it’s collecting to the whole revenue team. Apparently, investors were pleased with that expanded approach, and the company

Okta’s 8th ‘Businesses at Work’ cloud usage report shows increasing heterogeneity

Okta released its eighth annual ‘Business at Work’ report today, looking at which apps and cloud services on the Okta identity platform were the most popular from November 1, 2020, to October 31, 2021. The report found that for the most part, Okta users tend to favor best-of-breed over

Asia HR tech platform Darwinbox becomes unicorn with TCV-led $72 million funding

HR tech platform Darwinbox has more than tripled its valuation to become a unicorn in a new $72 million funding round as the Indian startup leads what an investor calls the “SaaSification of Asia” trend. Technology Crossover Ventures (TCV) — an investor known for backing firms such as Net