PYMNTS-MonitorEdge-May-2024

funding

Funding is the act of providing financial resources, usually in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or company.

Source: en.wikipedia.org

Vestiaire Collective Targets $1.1 Million in Crowdfunding
Vestiaire Collective Targets $1.1 Million in Crowdfunding
January 23, 2024  |  Investments

European pre-owned fashion platform Vestiaire Collective launched a crowdfunding campaign to raise at least 1 million euros (about $1.1 million) from individual investors. The crowdfunding...

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Investment Firm Plural Launches $436 Million Fund to Support European Startups
Investment Firm Plural Launches $436 Million Fund to Support European Startups
January 23, 2024  |  Investments

Venture capital firm Plural has launched a 400 million euro ($436.4 million) fund to support technology and AI startups in Europe, CNBC reported on Tuesday (Jan. 23). The...

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ElevenLabs Raises $80 Million for AI Voice Cloning Projects
ElevenLabs Raises $80 Million for AI Voice Cloning Projects
January 22, 2024  |  Investments

Voice technology firm ElevenLabs’ value has topped $1 billion after its latest funding round. The company announced its $80 million Series B Monday (Jan. 22), saying the funds would...

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Musk: Reports of xAI’s $20 Billion Valuation Target Not Accurate
Musk: Reports of xAI’s $20 Billion Valuation Target Not Accurate
January 21, 2024  |  artificial intelligence

Elon Musk is dismissing reports that his AI company has raised $500 million. “This is simply not accurate,” Musk wrote on his social media platform...

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DeepMind Scientists Considering $220 Million Round for AI Startup
DeepMind Scientists Considering $220 Million Round for AI Startup
January 19, 2024  |  Artificial Intelligence

A pair of scientists at Google DeepMind, Laurent Sifre and Karl Tuyls, are reportedly in discussions with potential investors to establish their own artificial intelligence (AI) startup in Paris. ...

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Kashable Raises $25.6 Million for Employer-Based Lending Tool
Kashable Raises $25.6 Million for Employer-Based Lending Tool
January 18, 2024  |  Investments

FinTech platform Kashable has raised $25.6 million to expand its employer-based lending program. The Series B funding will help the company develop new financial wellness services and...

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Billink Raises $32 Million as Consumers Increasingly Expect BNPL
Billink Raises $32 Million as Consumers Increasingly Expect BNPL
January 18, 2024  |  Investments

Buy now, pay later provider Billink aims to enter new markets after raising $32 million. The Dutch company said in a Thursday (Jan. 18) press...

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DailyPay Raises $175 Million to Expand On-Demand Pay Platform
DailyPay Raises $175 Million to Expand On-Demand Pay Platform
January 18, 2024  |  Investments

On-demand pay company DailyPay has secured $175 million in funding, resulting in a 75% increase in the company’s valuation to $1.75 billion. This funding includes...

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Prismatic Notches $22 Million to Ease B2B Software Integration
Prismatic Notches $22 Million to Ease B2B Software Integration
January 18, 2024  |  Investments

Prismatic, an embedded integration platform, has secured $22 million in Series B funding to drive innovation and simplify integrations for B2B Software-as-a-Service (SaaS) companies. The...

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