Hedge Fund That Bet Against GameStop Shuts Down
A London-based hedge fund that suffered losses betting against US retailer GameStop during the first meme stock rally in January is shutting its doors [Editor's note: the link may be paywalled; alternative source]. From a report: White Square Capital.....»»
Apple Launches $200 Million "Restore Fund" To Target Carbon Removal
Apple on Thursday announced it's launching a $200 million "Restore Fund" that will "make investments in forestry projects to remove carbon from the atmosphere while generating a financial return for investors." From a report: The move is the latest s.....»»
E-commerce investor Upper90 raises $55M for equity investments
It might be strange to hear this from a firm that just raised a $55 million equity fund, but the team at Upper90 would like to remind you that equity isn’t the only funding that’s available. Upper90 is led by CEO Billy Libby (former head.....»»
Japanese VC Samurai Incubate closes $18.6M fund for African startups
Samurai Incubate, a Tokyo-based venture capital firm, announced today it has closed its “Samurai Africa 2nd General Partnership” fund, totalling 2.026 billion yen (~$18.6 million). According to the firm, the fund was oversubscribed as it.....»»
Substack announces a $1M initiative to fund local journalists
While the seemingly unending debate around Substack has focused on well-known writers with a national profile, the newsletter platform just announced that it will be supporting local (presumably non-famous) journalists through a new program. The star.....»»
Tech Industry Group Funded by Amazon, Facebook and Google Says It Supports a Corporate Tax Hike
Chamber of Progress, a new tech industry group funded by giants like Amazon, Facebook and Google, is announcing its support for a corporate tax increase like the one President Joe Biden proposed to fund his $2 trillion infrastructure plan. From a rep.....»»
Amazon announces $250 million venture fund for Indian startups
Amazon on Thursday announced a $250 million venture fund to invest in Indian startups and entrepreneurs focusing on digitization of small and medium-sized businesses (SMBs) in the key overseas market. The announcement comes at a time when the America.....»»
SoftBank in talks to invest up to $500 million in Swiggy
SoftBank Vision Fund 2 is in advanced stages of talks to invest up to half a billion dollars into food delivery startup Swiggy, two sources familiar with the matter told TechCrunch. The new investment values the Indian startup at about $5.5 billion,.....»»
Polestar raises $550m to help fund product expansion
The private placement of newly issued shares marks the first time the 3-year-old Volvo subsidiary has gotten the backing of external investors......»»
Zeta in talks with SoftBank to raise at over $1 billion valuation
Banking tech startup Zeta is inching closer to the much sought-after unicorn status as it talks to investors to finalize a new round, sources familiar with the matter told TechCrunch. SoftBank Vision Fund 2 is in talks to lead a ~$250 million Series.....»»
How Pilot charted a course of not raising too much money
A few weeks ago, we wrote about fintech Pilot raising a $100 million Series C that doubled the company’s valuation to $1.2 billion. Bezos Expeditions — Amazon founder Jeff Bezos’ personal investment fund — and Whale Rock Capital joined the ro.....»»
Indian fintech Zeta turns unicorn with SoftBank-led funding
Bangalore-based fintech startup Zeta has clinched the much sought-after unicorn status after finalizing a new financing round led by SoftBank Vision Fund 2, sources familiar with the matter told TechCrunch. SoftBank Vision Fund 2 has led a ~$250 mill.....»»
Butterflies hedge their bets when times get tough
Understanding how organisms deal with an uncertain future may help identify which species are most vulnerable to climate change and which are best at managing the risk. In a paper published recently in the journal Evolution, Macquarie University ARC.....»»
Cruise strikes deal to launch robotaxi service in Dubai
Cruise has expanded its robotaxi ambitions beyond San Francisco. The autonomous vehicle subsidiary of GM that also has backing from SoftBank Vision Fund, Microsoft and Honda, has struck a deal to launch a robotaxi service in Dubai in 2023. The robota.....»»
NGK Spark Plugs launches $100M corporate venture fund, will seek M&A opportunities
NGK Spark Plug, one of the world’s largest manufacturers of automative spark plugs, announced a new $100 million fund to invest in startups and find potential merger and acquisition deals. The fund was launched with Pegasus Tech Ventures, the ̶.....»»
Domino"s, Nuro to start robot pizza delivery in Houston
Nuro, founded by two former Google engineers, raised $940 million from the SoftBank Vision Fund and recently secured an investment from Toyota affiliate Woven Capital......»»
Ford Fund Encourages You to #VaxWithFacts
Ford Fund has launched a new public service announcement with a very simple, very important message: Stop listening to the stupid things your brother Steve posts on Facebook and just get the COVID-19 vaccine. The More You Know: What makes the new F-1.....»»
Cleo Capital is targeting $20 million for Fund II
Cleo Capital, a venture capital firm founded in 2018 by Sarah Kunst, is raising up to $20 million for its second fund, according to a source familiar with the matter. A recent SEC filing shows that Cleo Capital has already raised $6.7 million of that.....»»
SoftBank Vision Fund 2 invests $160M in media localization provider Iyuno-SDI Group
Iyuno-SDI Group, a provider of translated subtitles and other media localization services, announced today it has raised $160 million in funding from SoftBank Vision 2. The company said this makes the fund one of its largest shareholders. Iyuno-SDI G.....»»
Why some investors are excited about Ryan Cohen as GameStop’s next chairman
Move comes as GameStop tries to cash in on its persistent stock surge. Ryan Cohen in 2019, probably contemplating ways to turn around struggling brick-and-mortar retailers... Struggling video game retailer GameStop announced Thursday that.....»»
Researchers find climate change imperils countries" ability to repay pandemic debts
As the International Monetary Fund (IMF) and the Board of Governors of the World Bank Group convene their spring meetings, researchers at Oxford University find that most governments have paid scant attention to the effect that climate change could h.....»»