Startups just in their infancy are getting attention from seed investors — but unlike the dotcom days when every idea got some form of funding, investors are being choosier, resulting in fewer deals but with the ones getting funding enjoying surging valuations. According to a...
Brex, the corporate card for startups company, announced earlier this week that it has overhauled its credit card rewards system to give more awards to its startup customers. In a press release, Brex said it rebuilt the credit card rewards system to include points earned and...
ByteDance, the Chinese media company, closed a $3 billion funding round led by SoftBank, making it the largest privately backed startup in the world. Bloomberg, citing people familiar with the matter, reported late last week that ByteDance’s latest round of fundraising, which also included KKR...
Affirm, founded by entrepreneur Max Levchin to provide fair alternative credit, has announced that it is opening its second corporate headquarters (HQ2) in Pittsburgh, Pennsylvania. “It was important for us to be able to grow our workforce for many years to come with superb talent,”...
Essential Products, the smartphone startup founded by Andy Rubin, the creator of Android, is slashing its workforce by around 30 percent. Bloomberg, citing people familiar with the matter, reported the workforce reductions are happening in its hardware, marketing and sales units. The company has around 120...
Wimdu, the homesharing startup that was launched out of the Berlin-based Rocket Internet startup incubator and took a page from Airbnb, is to shut down this year, according to reports. Citing an announcement on the company’s website, the report said that Wimdu, which has 100 employees,...
SEBA Crypto, the Swiss startup building a cryptocurrency bank, has raised $103 million from investors including BlackRiver Asset Management and Summer Capital. Reuters, citing the company, reported the proceeds from the funding will go to build the bank that will offer cryptocurrency services to companies...
Taxify, the Estonian-based ride-hailing company, is launching a new brand of e-scooters, dubbed Bolt. According to reports, starting now Taxify will roll out a scooter sharing service via its mobile app in Paris. A spokesperson for the company said that the scooters will be available in...
Chinese venture capitalists have been throwing money at Silicon Valley startups to the tune of $2.4 billion from the start of the year through May. According to a report in the Financial Times, Chinese venture capital investment in Silicon Valley startups is expected to double...
