Business

Anchorage has raised an $80 million Series C funding round led by GIC, also known as Singapore’s sovereign wealth fund. Andreessen Horowitz, Blockchain Capital, Lux and Indico are also participating in today’s funding round. The thinking behind this funding round is quite simple. Some companies, such as Tesla or Square,…

  At this time, Pillay, Cuthbert — who was the CTO at Root — and Priyen were playing around building a Venmo style wallet for Africa as a side project. Eight months trying to connect to banks showed them how the lack of infrastructure in African fintech slows down progress.…

ViacomCBS executives held a virtual investor event today where they outlined the strategy for Paramount+, the streaming service set to launch on March 4 that’s basically a rebranded, expanded version of CBS All Access. In addition to launching in the United States, executives said the service will be available across…

Reddit, which announced a $250 million Series E earlier this month, has added over $116 million to the financing event, upping the round’s most recent total to $367 million, according to a new SEC filing. The document shows that Reddit is aiming to raise up to $500 million in this…

Lucid Motors reached an agreement to become a publicly traded company through a merger with special-purpose acquisition company Churchill Capital IV Corp., in the largest deal yet between a blank-check company and an electric vehicle startup. The combined company, in which Saudi Arabia’s sovereign fund will continue to be the…

It would be an understatement to say that enterprise-focused startups have fared well during the pandemic. As organizations look to go remote, and the way we work has been flipped on its head, quickly growing tech companies that simplify this transition are in high demand. One such startup has, in…

FluroStat and Dagan, two startups that both are tackling the monitoring and management of agricultural inputs and outputs for a better understanding of the role sustainable agriculture can play in reducing greenhouse gas emissions, have merged and are launching a package of services under a new brand, Regrow. The merge,…

A new investment fund is coming to Midwest cities, and it’s lead by names familiar to the local scenes. The aptly-named Midwest Fund targets early-stage startups from Pittsburgh to Chicago, from Detroit to Cincinnati, and everywhere in between. Unlike traditional venture capital funds, this one gets its funding from successful…

Twitter recently held talks to acquire Indian social media startup ShareChat as the company explored ways to expand its presence in the world’s second-largest internet market and build a global rival to TikTok. The American firm, which is already an investor in Bangalore-based ShareChat, offered to buy the five-year-old Indian…

Bitcoin hit a market capitalization of $1 trillion as it rose to yet another record high on Friday, countering analyst warnings that it is an “economic sideshow” and a poor hedge against a fall in stock prices. Analysts at JP Morgan said bitcoin’s current prices were well above estimates of…