Scale AI Valued at $3.5B After Series D Fundraising Round

2021-01-26T22:35:22+00:00January 26th, 2021|Start Ups|

Image credit: scale.com Scale AI is a data labeling startup headed by 23-year old Alex Wang. Its value is now $3.5 billion. The four-year-old startup raised a $155 million Series D funding round led by Tiger Global Management. Based in San Francisco, its customers include Airbnb, General Motors, DoorDash, Nvidia, [...]

Qualtrics, Utah-Based Software Company, Plans $14 Billion IPO

2021-01-21T22:15:02+00:00January 21st, 2021|Start Ups|

Image credit: Suhail Haque The record IPO surge in the second half of 2020 looks set to extend well into 2021. The IPO euphoria, particularly with respect to tech companies, has defied expectations. Utah-based Qualtrics is a customer-relationship management software company. It has entered the arena with its announcement of [...]

Function of Beauty Raises $150M to Expand Customized Products

2021-01-04T21:05:21+00:00January 4th, 2021|Start Ups|

Function of Beauty image credit: Isometrics Function of Beauty is a New York-based company that focuses on creating customized beauty products for the masses. The company raised a $150 million Series B funding round in early December. The Greenwich, Connecticut-based private equity firm L Catterton, which focuses on investing in [...]

Bitcoin Buying Frenzy Fueled by PayPal and Square

2020-12-22T21:18:39+00:00December 21st, 2020|Start Ups|

Image credit: Mike’s MoneyTalks The recent surge in Bitcoin prices has been largely driven by leading fintech giants PayPal and Square. According to a report by Pantera Capital, it appears that PayPal and Square’s CashApp have bought up almost 100% of all the new supply of Bitcoins entering the market [...]

AI Hospital Startup Olive Valued at $1.5B After Latest Funding Round

2020-12-18T18:08:43+00:00December 17th, 2020|Start Ups|

Olive is a startup that develops AI tools for hospital systems. Olive’s current value is over $1.5 billion after an additional $225.5 million round of financing. The latest funding round for the Columbus, Ohio-based company was led by Tiger Global Management. Tiger Global is an investment firm based in New [...]

E-Commerce App Wish.com Prepares for $30 Billion IPO

2020-12-11T17:45:35+00:00December 9th, 2020|Start Ups|

Wish.com is an e-commerce unicorn that sells low-priced goods. It is gearing up for an IPO set to take place before the end of 2020. The e-retailer is targeting a valuation between $25 to $30 billion on the public market. For the past three years, the Wish.com mobile app has [...]

Food Delivery App DoorDash Plans IPO Before End of 2020

2020-12-23T05:01:03+00:00December 8th, 2020|Start Ups|

DoorDash, one of the largest food delivery apps in the United States, is planning to IPO before the end of 2020. The company is seeking up to a $32 billion valuation from its public debut. It plans to sell 33 million shares. The shares will be listed on the New [...]

Fitness Tracking Startup Strava Raises $110 Million in Series F Round

2020-12-07T21:01:06+00:00December 7th, 2020|Start Ups|

Strava is a San Francisco-based fitness tracking app and social platform for athletes. The firm raised $110 million in a Series F financing round led by private equity firms TCV and Sequoia Capital. Other participants in the round included Dragoneer Investment Group, Madrone Capital Partners, Jackson Square Ventures, and Go4it [...]

Better.com Digital Mortgage Provider Raises $200M in Series D Round

2020-12-03T22:27:15+00:00December 3rd, 2020|Start Ups|

Better.com, the fast-growing digital mortgage platform, recently raised $200 million in a Series D round. Observers value this New York-based digital-first homeownership startup at around $4 billion. L Catterton, a private equity firm based in Greenwich, Connecticut, led the Series D round. Other participants in this Series D round included [...]

Cash App Money Transfer Service Propels Square’s Growth

2020-11-19T21:28:00+00:00November 19th, 2020|Start Ups|

Cash App, the peer-to-peer mobile money transfer service owned by Square, has been a primary driver of Square’s growth this year. The app is responsible for approximately 70% of Square’s revenue in the third quarter of 2020. The lockdowns and increased unemployment brought about by the pandemic is partially responsible [...]

Shopify Fulfillment Network Boosts Overall E-Commerce Business

2020-11-16T21:32:31+00:00November 11th, 2020|Start Ups|

E-commerce technology provider Shopify has experienced rapid growth in recent months. The growth is driven in large part by its logistics arm, the Shopify Fulfillment Network. With digital sales surging in the pandemic economy, Shopify’s platform has proved invaluable in serving the needs of businesses of all sizes. The Shopify [...]

Airbnb Pandemic Comeback Better Than Expected

2020-11-19T00:07:42+00:00November 7th, 2020|Start Ups|

It has been a tumultuous year for Airbnb, but the home-sharing company is back on the upswing. In the early days of the pandemic, prospects looked grim for the home and vacation rental company. Yet through the perseverance and ingenuity of Airbnb’s co-founder and CEO Brian Chesky, the company performed [...]

Triller Competes with TikTok, Considers Going Public

2020-11-06T20:15:09+00:00November 5th, 2020|Start Ups|

Triller, the video-sharing social network platform, it is exploring a deal to go public. It might use a special purpose acquisition company (SPAC). The U.S.-based company is positioning itself as a budding competitor to TikTok. Triller has branded itself as an edgier alternative, primarily targeting users in their mid- to [...]

Unity Exceeds IPO Goals in Content and Game Development Launch

2020-11-04T17:32:36+00:00November 2nd, 2020|Start Ups|

Unity Software, a leading platform for interactive content creation and video game development, went public in mid-September. It launched amid a hot IPO market. The company’s shares surged 44% on its first day of trading on the NYSE. Although the market priced its shares at $52 ahead of its market [...]

GoodRx Raises Over $1 Billion in IPO for Drug Pricing App

2020-11-03T23:45:36+00:00October 31st, 2020|Start Ups|

GoodRx, the prescription drug pricing tracker app, raised over $1 billion in its IPO at the end of September. The app is widely popular for helping consumers identify cheaper prices on prescription drugs and offering telemedicine services. GoodRx’s total valuation is now around $20 billion. The Santa Monica, California-based company [...]

Instacart Valued at $17.7 Billion After $200M Funding Round

2020-11-03T22:32:21+00:00October 29th, 2020|CW News, Start Ups|

Online grocery delivery is booming during prolonged pandemic conditions, and Instacart in particular has benefited. Within a short timespan this year, Instacart transformed from serving merely as a grocery delivery app to becoming an essential service. The October investment round, led by D1 Capital and Valiant Peregrine Fund, raised $200 [...]

Bumble, the Popular Dating App, Eyes $6 Billion IPO

2020-10-24T16:18:44+00:00October 23rd, 2020|Start Ups|

Bumble, the popular dating app founded and led by CEO Whitney Wolfe Herd, is eyeing an IPO. The company anticipates a valuation between $6 to $8 billion in 2021. The company will become the latest technology startup seeking to enter the IPO frenzy in the second half of 2020. It [...]

Neuralink Shows Signs of Success and Expands to Austin

2020-10-22T21:50:54+00:00October 22nd, 2020|Start Ups|

Neuralink, Elon Musk’s neurotechnology company, announced plans to expand to Austin, Texas and has been garnering significant media attention lately. Founded in 2016, it is yet another of Musk’s visionary companies generating hype. Neuralink seeks to implant chips in human brains to create brain-chip interfaces with digital devices. The wireless [...]

Venmo Payment App Launches a Credit Card via Synchrony Financial

2020-10-21T21:31:22+00:00October 21st, 2020|Start Ups|

Venmo, the mobile payment app popular among millennials, launched its first credit card at the beginning of October. The initial launch will make the credit card available only to select existing users. Availability will expand to a broader user base in the coming months. The company hopes that directly integrating [...]

Snowflake IPO Raises Record-Setting $3.4 Billion for Software Industry

2020-10-16T20:23:14+00:00October 16th, 2020|Start Ups|

Snowflake, the cloud-based analytic data warehousing startup, became the biggest software IPO in history. Its shares debuted on the New York Stock Exchange (NYSE) on Wednesday, September 16th. It also set a record for becoming the largest company to ever double its share price in a market debut. Backed by [...]

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