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Rideshare Company Grab Could Go Public In SPAC With $40B Valuation
Thursday, March 11, 2021 - 4:58pm | 778Read More...A Southeast Asian ride-hailing company is in talks to go public through a special purchase acquisition company (SPAC), according to a report in The Wall Street Journal. According to the publication, Grab Holdings could merge with one of two SPACs being led by Altimeter Capital Management LP in a...
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Lineage Logistics Fattens Coffers Again With $1.9B Funding Round
Thursday, March 11, 2021 - 2:44pm | 505Read More...The largest temperature-controlled logistics provider in the world, Lineage Logistics, announced Thursday it has raised $1.9 billion in equity from various investors. Lineage plans to use the capital to fund various new developments, facility expansions and tech initiatives. The company will also...
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The Wall Street Banker Behind Litquidity On The Business Of Memes, Robinhood Trading Phenomenon And More
Tuesday, March 9, 2021 - 5:55pm | 1109Read More...Finance is a tough, but rewarding career. That’s according to the founder of the finance meme account Litquidity, an anonymous Wall Street banker in his late 20s who uses social media as a creative outlet. Litquidity’s founder decided to start the media brand in 2017...
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Warehouse Firm Deliverr Snags $170 Million In Funding
Wednesday, March 3, 2021 - 11:43am | 267Read More...Warehouse and delivery startup Deliverr said Wednesday it has raised an additional $170 million, including a $135 million Series D funding round led by venture capital firm Coatue and a $35 million convertible note led by Brookfield Technology Partners. Existing investors such as 8VC, Activant...
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Breaking: Instacart Raises $265M, Putting Valuation At $39B
Tuesday, March 2, 2021 - 1:11pm | 872Read More...Instacart has announced a $265 million venture fundraising round, putting the total value of the company at $39 billion — more than double what it was just six months ago. The round involved existing investors Andreessen Horowitz, Sequoia Capital, D1 Capital Partners, Fidelity Management &...
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Michaels Spikes On Report Of Potential Acquisition
Monday, March 1, 2021 - 5:35pm | 312Read More...Shares of The Michaels Companies Inc. (NASDAQ: MIK) closed on a high note after a news report surfaced that the arts and crafts retailer is the object of potential acquisition by at least two private equity firms. What Happened: Apollo Global Management (NYSE: APO) and “at least one...
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Premium: NBA Legend Chris Webber's $100M PE Fund Offers 'A Seat At The Table'
Wednesday, February 24, 2021 - 7:07am | 512Read More...On the heels of launching a $100 million private equity cannabis fund, five-time NBA All-Star Chris Webber and JW Asset Management head Jason Wild spoke to Benzinga to discuss the importance of their endeavor as well as what's to come in cannabis and beyond. Scroll down to watch the ...
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Blue-collar Marketplace Shift One Raises $5.2M In Seed Funding
Thursday, February 18, 2021 - 9:28am | 446Read More...Shift One, a blue-collar job marketplace, announced Tuesday it had raised $5.2 million in seed funding, led by City Light Capital and JAM Fund. Founded in 2019 by Uber Technologies' (NYSE: UBER) former West Coast Operations and Logistics Technology leader Jason Radisson, Shift One is aimed at...
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Locus Robotics Bags $150 Million In Series E Funding
Wednesday, February 17, 2021 - 4:52pm | 279Read More...Locus Robotics, which makes autonomous robots for use in fulfillment centers and warehouses, said Wednesday it has landed $150 million in Series E funding led by investment firm Tiger Global Management and IT investment firm Bond. The funding round brings to more than $260 million the amount that...
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Smart Loading Dock Startup Kargo Lands $6 Million Seed Round
Friday, February 12, 2021 - 10:01am | 426Read More...Smart loading dock tech startup Kargo announced Thursday it closed on a $6 million seed round. The round was led by Founders Fund and included Sozo Ventures, Accomplice and Hanover as well as technology executives. The San Francisco-based company's loading dock control tower, Argus, verifies...
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Chinese Investors Join $200M Funding Round For Autonomous Startup Plus
Wednesday, February 10, 2021 - 12:57pm | 681Read More...Self-driving truck technology developer Plus has completed its Series B funding round, pulling in $200 million from returning backers and new investors from China. In total, Plus has raised nearly $400 million. The new investors include Hong Kong-listed Guotai Junan International, China's leading...
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Hyzon Motors To Get $570M From SPAC Backing Fuel Cell Technology
Wednesday, February 10, 2021 - 12:49pm | 938Read More...Hyzon Motors agreed to a merger Tuesday with Decarbonization Plus Acquisition Corp. (NASDAQ: DCRB), a special purpose acquisition company (SPAC) that raised $626 million to target a company for merger. Hyzon expects to get up to $570 million after expenses when the business combination closes....
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Private Equity Firm Silver Lake Cashes In AMC Shares For A $113 Million Gain
Saturday, January 30, 2021 - 9:22am | 427Read More...Retail investors aren't the only ones seeing profits from the Reddit rally that has driven up the shares of GameStop Corp. (NYSE: GME), BlackBerry Ltd. (NYSE: BB) and Nokia Oy (NYSE: NOK). What Happened: Silver Lake cashed out its equity positions in AMC Entertainment...
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Apollo's Leon Black To Retire, Cleared Of Criminal Wrongdoing In Epstein Probe
Monday, January 25, 2021 - 6:09pm | 271Read More...Shares of private equity company Apollo Global Management Inc (NYSE: APO) are trading higher after several news pieces released at the market close Monday. What Happened: An independent outside counsel found that Jeffrey Epstein was never retained by Apollo. It was also found that Epstein never...
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Fintech Focus For January 25, 2021
Monday, January 25, 2021 - 12:47am | 3113Read More...Quote To Start The Day: You can't be a real networker unless you’re connected. Source: Michael Gruen One Big Thing In Fintech: Experts say 2021 is poised to see greater adoption and venture capital investment in blockchain technology. That prediction comes as more financial services apps...
