Palantir is preparing for its public debut tomorrow morning on the NYSE (after 17 years), and now we are getting some data on how the company’s shares are being valued by investors. The NYSE announced that the company, which will be traded under the ticker PLTR, will have a reference price of $7.25 per share. […]
During the week’s news cycle one particular bit of reporting slipped under our radar: Root Insurance is tipped by Reuters to be prepping an IPO that could value the neo-insurance provider at around $6 billion. Coming after two 2020 insurtech IPOs, Root’s steps toward the public markets are not surprising. But they are good news […]
Sometimes raising venture capital can be as simple as talking to your existing investor and having them wire over another check. When we last caught up with Petal in January 2019, the startup was hot off its $30 million Series B round and was accelerating its mission to take on the world of credit cards. […]
French startup Kard has added $3.5 million (€3 million) to its seed round. The company already raised the same amount last year, which means that Kard has raised $7 million (€6 million) in total for its seed round. Founders Future is leading the round, with Laurence Krieger, Michael Vaughan, Jon Oringer and Iris Mittenaere also […]
It’s been a long road for Palantir as it has submitted amendment after amendment with the SEC related to its S-1 filing over the past two months. But after weeks of back and forth, it’s official: Palantir’s S-1 has been marked effective, which means that it has been accepted by the SEC and its target […]
Last night Robinhood, the American fintech unicorn that provides free securities trading services to consumers via an app, announced that it raised an additional $460 million in its previously known Series G. That round is now worth $660 million at an $11.7 billion post-money valuation. A little over a month ago Robinhood announced that it […]
Syfe founder and CEO, Dhruv Arora Syfe, a Singapore-based startup that wants to make investing more accessible in Asia, announced today that it has closed a SGD $25.2 million (USD $18.6 million) Series A led by Valar Ventures, a fintech-focused investment firm. The round also included participation from Presight Capital and returning investor Unbound, which […]
Well, that was fast. This morning, I analyzed Palantir’s newly published fifth amendment of its S-1 filing with the SEC as it pursues a public direct listing on the NYSE. I called the company “not a democracy” after it added new provisions to create a special mechanism called “Stockholder Party Excluded Shares” that would, in […]
Marco Financial, a new Miami-based startup, is looking to take a piece of the roughly $350 billion trade finance market for Latin American exporters with its novel factoring services business. Small and medium-sized businesses in Latin America can have trouble getting the financing they need to launch export operations to the U.S. and Marco said […]
One of the more salient trends in the tech world — arguably the engine that propels it — has been the recurring theme of people who hone talents at bigger companies and then strike out on their own to found their own startups. (Some, like Max Levchin, even hire entrepreneurial types intentionally to help perpetuate […]