Klarna confirms new $31B valuation
Klarna, the Swedish buy now, pay later behemoth and upstart bank, has raised $1 billion in new funding at a post-money valuation of $31 billion. That sees the company retain the crown as the highest-valued private fintech in Europe.
Backers of this round are said to be a combination of new and exis
Axonius nabs $100M at a $1.2B valuation for its asset management cybersecurity platform
"speakable-summary" dir="ltr">Remote work has become the norm for many businesses in the last year, and today a startup that has but a cybersecurity platform to help manage all the devices connecting to organizations’ wide-ranging networks — whe also providing a way for those organizatio
Paytm claims top spot in India’s mobile payments market with 1.2B monthly transactions
Paytm, India's most valuable startup, said on Monday it processed 1.2 billion transactions in the month of February, illustrating the level of penetration it has made in one of the world's fastest-growing payments markets where it competes with Google, Facebook, Amazon and Flipkart-backed P
Istanbul’s Dream Games snaps up $50M and launches its first game, the puzzle-based Royal Match
On the back of Zynga acquiring Turkey’s Peak Games for $1.8 billion last year and then following it up with another gaming acquisition in the country, Turkey has been making a name for itself as a hub for mobile gaming startups, and specifically those building casual puzzle games, the wildly
Lime unveils new e-bike as part of $50 million investment to add 25 cities
Lime said Monday it has allocated $50 million toward its bike-share operation, an investment that has been used to develop a new e-bike and will fund its expansion this year to another 25 cities in North America, Europe, Australia and New Zealand.
If the company hits its goal, Lime’s bike-s
Qualcomm veteran to replace Alain Crozier as Microsoft Greater China boss
Microsoft is getting a new leader for its Greater China business. Yang Hou, a former senior vice president at Qualcomm, will take over for Alain Crozier as the chairman and chief executive officer for Microsoft Greater China Region, says a company announcement released Monday.
After eight years at
Autonomous drone maker Skydio raises $170M led by Andreessen Horowitz
Skydio has raised $170 million in a Series D funding round led by Andreessen Horowitz’s Growth Fund. That pushes it into unicorn territory, with $340 million in total funding and a post-money valuation north of $1 billion. Skydio’s fresh capital comes on the heels of its expansion last
Space startup Gitai raises $17.1M to help build the robotic workforce of commercial space
Japanese space startup Gitai has raised a $17.1 million funding round, a Series B financing for the robotics startup. This new funding will be used for hiring, as well as funding the development and execution of an on-orbit demonstration mission for the company’s robotic technology, which wil
Justworks’ Series B pitch deck may be the most wonderfully simple deck I’ve ever seen
It may be tough to remember, but there was a time long ago when Justworks wasn’t a household name. Though its monthly revenue growth charts were up and to the right, it had not even broken the $100,000 mark. Even then, Bain Capital Venture’s Matt Harris felt confident in betting on the
How capital as a service can help you get your first check in 2021
“A lot of founders mix up raising money with making money.”
This quote, which Career Karma founder Ruben Harris mentioned off-hand on a phone call with me, has been on my mind for months. In fact, raising money can cost you money, in the form of that sweet, sweet ownership and equity.
Storm Ventures promotes Pascale Diaine and Frederik Groce to partners
Storm Ventures, a venture firm that focuses on early-stage B2B enterprise startups, announced this week that it has promoted Pascale Diaine and Frederik Groce to partners at the firm.
The two new partners have worked their way up over the last several years. Groce joined Storm in 2016 and has inves
If you haven’t followed NFTs, here's why you should start
NFTs (non-fungible tokens) — or scarce digital content represented as tokens — are driving a new wave of crypto adoption.
Thanks to the Ethereum blockchain, artists, gaming companies and content creators alike are utilizing token standards, which ascribe provenance to uniquely distingui
6 Copenhagen investors share their outlook on investing in 2021
While Denmark and Copenhagen don't often come up as a destination for European startups, it has a thriving local tech scene that’s home to some of the better startup conferences. After all, who doesn't want to visit Copenhagen?
A highly educated population, great universities, excelle
What the NFT? VC David Pakman dumbs down the intensifying digital collectibles frenzy
Non-fungible tokens have been around for two years, but these NFTs, one-of-one digital items on the Ethereum and other blockchains, are suddenly becoming a more popular way to collect visual art primarily, whether it’s an animated cat or an NBA clip or virtual furniture.
“Suddenly”