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The Wall Street Banker Behind Litquidity On The Business Of Memes, Robinhood Trading Phenomenon And More
Tuesday, March 9, 2021 - 5:55pm | 1109Finance is a tough, but rewarding career. That’s according to the founder of the finance meme account Litquidity, an anonymous Wall Street banker in his late 20s who uses social media as a creative outlet. Litquidity’s founder decided to start the media brand in 2017...
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Warehouse Firm Deliverr Snags $170 Million In Funding
Wednesday, March 3, 2021 - 11:43am | 267Warehouse and delivery startup Deliverr said Wednesday it has raised an additional $170 million, including a $135 million Series D funding round led by venture capital firm Coatue and a $35 million convertible note led by Brookfield Technology Partners. Existing investors such as 8VC, Activant...
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Breaking: Instacart Raises $265M, Putting Valuation At $39B
Tuesday, March 2, 2021 - 1:11pm | 872Instacart has announced a $265 million venture fundraising round, putting the total value of the company at $39 billion — more than double what it was just six months ago. The round involved existing investors Andreessen Horowitz, Sequoia Capital, D1 Capital Partners, Fidelity Management &...
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Premium: NBA Legend Chris Webber's $100M PE Fund Offers 'A Seat At The Table'
Wednesday, February 24, 2021 - 7:07am | 512On the heels of launching a $100 million private equity cannabis fund, five-time NBA All-Star Chris Webber and JW Asset Management head Jason Wild spoke to Benzinga to discuss the importance of their endeavor as well as what's to come in cannabis and beyond. Scroll down to watch the ...
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Blue-collar Marketplace Shift One Raises $5.2M In Seed Funding
Thursday, February 18, 2021 - 9:28am | 446Shift One, a blue-collar job marketplace, announced Tuesday it had raised $5.2 million in seed funding, led by City Light Capital and JAM Fund. Founded in 2019 by Uber Technologies' (NYSE: UBER) former West Coast Operations and Logistics Technology leader Jason Radisson, Shift One is aimed at...
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Locus Robotics Bags $150 Million In Series E Funding
Wednesday, February 17, 2021 - 4:52pm | 279Locus Robotics, which makes autonomous robots for use in fulfillment centers and warehouses, said Wednesday it has landed $150 million in Series E funding led by investment firm Tiger Global Management and IT investment firm Bond. The funding round brings to more than $260 million the amount that...
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Smart Loading Dock Startup Kargo Lands $6 Million Seed Round
Friday, February 12, 2021 - 10:01am | 426Smart loading dock tech startup Kargo announced Thursday it closed on a $6 million seed round. The round was led by Founders Fund and included Sozo Ventures, Accomplice and Hanover as well as technology executives. The San Francisco-based company's loading dock control tower, Argus, verifies...
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Chinese Investors Join $200M Funding Round For Autonomous Startup Plus
Wednesday, February 10, 2021 - 12:57pm | 681Self-driving truck technology developer Plus has completed its Series B funding round, pulling in $200 million from returning backers and new investors from China. In total, Plus has raised nearly $400 million. The new investors include Hong Kong-listed Guotai Junan International, China's leading...
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Hyzon Motors To Get $570M From SPAC Backing Fuel Cell Technology
Wednesday, February 10, 2021 - 12:49pm | 938Hyzon Motors agreed to a merger Tuesday with Decarbonization Plus Acquisition Corp. (NASDAQ: DCRB), a special purpose acquisition company (SPAC) that raised $626 million to target a company for merger. Hyzon expects to get up to $570 million after expenses when the business combination closes....
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Private Equity Firm Silver Lake Cashes In AMC Shares For A $113 Million Gain
Saturday, January 30, 2021 - 9:22am | 427Retail investors aren't the only ones seeing profits from the Reddit rally that has driven up the shares of GameStop Corp. (NYSE: GME), BlackBerry Ltd. (NYSE: BB) and Nokia Oy (NYSE: NOK). What Happened: Silver Lake cashed out its equity positions in AMC Entertainment...
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Apollo's Leon Black To Retire, Cleared Of Criminal Wrongdoing In Epstein Probe
Monday, January 25, 2021 - 6:09pm | 271Shares of private equity company Apollo Global Management Inc (NYSE: APO) are trading higher after several news pieces released at the market close Monday. What Happened: An independent outside counsel found that Jeffrey Epstein was never retained by Apollo. It was also found that Epstein never...
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Fintech Focus For January 25, 2021
Monday, January 25, 2021 - 12:47am | 3113Quote To Start The Day: You can't be a real networker unless you’re connected. Source: Michael Gruen One Big Thing In Fintech: Experts say 2021 is poised to see greater adoption and venture capital investment in blockchain technology. That prediction comes as more financial services apps...
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OneRail Secures $6.7M In Late Seed Financing
Wednesday, January 13, 2021 - 2:20pm | 836Last-mile technology platform provider OneRail has raised $6.7 million in late seed financing, bringing the total it has raised to $12.5 million since it announced the close of its series seed financing in Q1 2020, the Orlando, Florida-based company said Wednesday. The company, which describes...
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Digital Payment Startup Raises $43M
Tuesday, January 12, 2021 - 11:10am | 393Relay Payments, an electronic payment platform for logistics companies, has raised $43 million over the last six months as it seeks to digitize an industry that has long relied on checks and cash. Addition, a $1.3 billion fund that invests in early- and growth-stage companies, led the Series A...
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Motiv Power Systems Secures $20M
Tuesday, January 12, 2021 - 11:08am | 693Motiv Power Systems has secured $20 million from Crescent Cove Advisors, as the electric vehicle chassis maker builds on the success of its fifth-generation electrification technology to scale operations and manufacturing. "We have record orders on the books and now have to ramp up production to...