| |
| |
| Robinhood scraps UK launch | |  | | Baiju Bhatt co-founded Robinhood with Vlad Tenev in 2013; the company launched a waiting list for its UK product in November. (Steve Jennings/Getty Images) | | | Fintech company Robinhood has indefinitely postponed the UK launch of its stock trading app, according to reports.
The online brokerage platform operator reportedly told more than 250,000 UK customers on a waiting list that it's focusing instead on its core business in the US. Robinhood's decision comes despite receiving approval to operate from the UK's Financial Conduct Authority. It's believed that the expansion would have been the Menlo Park-based company's first outside the US.
A few months ago, Robinhood struggled with several platform outages. It also received criticism in June after a customer who reportedly believed he had lost $730,000 as a result of options trades committed suicide.
Last week, Robinhood extended its Series F by an extra $320 million, bumping its valuation to $8.6 billion. The company raised $600 million total for the round.
More coronavirus news: Continuing coverage from PitchBook | | | | | | | | | | Vista's Jamf goes public in supersized IPO | | Jamf, which helps enterprises manage Apple devices, has raised $468 million for itself and majority owner Vista Equity Partners by selling 18 million shares for $26 apiece in an initial public offering, with both those figures marking increases from the Minneapolis-based company's earlier plans. The pricing results in an initial market cap just north of $3 billion.
A portfolio company of Vista since 2017, Jamf originally planned to offer 16 million shares for between $17 and $19 each, then upsized its expected range to $21 to $23 earlier this week. Jamf will book net proceeds of $319.7 million in the offering after all underwriting discounts and commissions.
Datto, another software company backed by Vista, reportedly filed for a confidential IPO of its own last week that could result in a valuation of more than $1 billion. | | | | | | | |
|
| |
| Dealmakers prepare for the next wave of bankruptcies & restructurings | | The longest bull run in market history kept many distressed investors on the sidelines. However, COVID-19 has handed dealmakers targeting opportunistic plays in distressed assets an unprecedented mix of risk and reward as businesses worldwide have closed their doors.
With many market observers seeing deeper distress on the horizon, this full-length whitepaper draws on PitchBook datasets to survey the bankruptcy & restructuring landscape and cast a spotlight on debt & direct lending fundraising over the past decade.
Download the whitepaper | | | | | | | |
|
| | When people spend 40 hours a week together, friendships are almost certain to form. But in our new long-distance world, workplace relationships may never be the same. [The Atlantic]
Companies like to talk the talk when it comes to social issues and maintaining a corporate conscience. When it comes to walking the walk, though, it's often a different story. [The New York Times]
How Harvard's star computer science professor built a distance-learning empire. [The New Yorker] | | | | | |
|
| | Since yesterday, the PitchBook Platform added: | | 11 VC valuations | 2542 People | 692 Companies | 23 Funds | | | | | | |
| |
| |
| |
| |
| |
| 2012 Vintage Global Venture Funds with more than $250M | | | | | | |
|
| |
| Innovium tops $1B valuation with mega-round | | | | | | | | | Insurance startup Hippo hits $1.5B valuation | | | Palo Alto-based Hippo has raised $150 million at a $1.5 billion valuation. FinTLV, Ribbit Capital, Dragoneer Investment Group and Innovius Capital participated in the round alongside existing investors. The home insurance startup will use the Series E to expand its geographic footprint in the US and to support a proposed acquisition of a national insurance carrier. | | | | | | | | | Gett, the developer of a ridehailing app for businesses, has raised $100 million in new funding. Founded in 2010 and based in Tel Aviv, Gett has been backed by investors including Volkswagen and Kreos Capital. The company secured $200 million in debt and equity at a post-money valuation of $1.5 billion in May 2019 and had been planning an initial public offering this year, according to TechCrunch. Gett is still weighing an IPO "in the future," Gett CEO Dave Waiser wrote in a post on the company's website. | | | | | | | | Forge Biologics launches, collects $40M Series A | | | | | | | | | Oncology startup collects $32.5M | | | | | | | | | Taranis tallies $30M for Series C | | | Tel Aviv-based Taranis-Visual has raised $30 million in a Series C led by Vertex Growth, K3 Ventures and Hitachi. Taranis is an agricultural intelligence startup that deploys drones to take high-resolution photos of crops and uses AI to analyze the images for potential problems. Viola Group, OurCrowd and Finistere Ventures were among the other investors in the round, which takes the company's total funding to $60 million. | | | | | |
|
| |
| Former Carta executive sues company over pay inequity | | | A former vice president of marketing at Carta has sued the company, claiming she was paid less than her male colleagues, was unfairly passed over for a promotion and faced other forms of gender discrimination, according to Bloomberg. Emily Kramer, the executive who filed the suit, reportedly played a key role in overseeing research at Carta that highlighted pay gaps between men and women in Silicon Valley. | | | | | | | | SoundCloud founders launch e-bike subscription service | | | | | | |
|
| |
| SoftBank seeks $1B sale of Treasure Data | | | SoftBank has hired Goldman Sachs to explore a sale of Treasure Data, the creator of a platform for managing customer data on internet-of-things devices, with hopes of fetching $1 billion for the California-based business, according to Bloomberg. Arm, a British semiconductor company owned by SoftBank, reportedly purchased Treasure Data for roughly $600 million in 2018. Earlier this month, Arm announced plans to spin Treasure Data out into a standalone company owned by SoftBank. | | | | | |
|
| |
| Forerunner Ventures raises $500M for fifth flagship fund | | | | | | | | | | Shamrock Capital has closed its second content fund with $400 million in commitments. Based in Los Angeles, the firm will use the capital to acquire intellectual property rights for television shows, music, video games and other forms of entertainment. Shamrock raised $250 million in 2016 for a previous vehicle focused on entertainment IP. | | | | | |
|
| |
| Corigin commits $2.5M to Black and Latinx GPs | | | Corigin Ventures has announced it will invest $2.5 million as a limited partner in funds headed by Black and Latinx investors over the next 12 months. The money will come from Corigin's partners and is separate from its funds. The New York-based venture capital firm also aims to back more companies led by underrepresented founders and hire more diverse investment professionals. | | | | | |
|
| |
| |
|
اللباس التقليدي الحضرمي للرجال مرحبا بكم في سلسلة اللباس التقليدي الحضرمي .. لنتعرف معا على تراثنا ...وربما أن بعض هذه الملابس لم تعد مس...
الغرف برس / خاص عقد قسم البرامج التعليمية بجمعية السبيل الاجتماعية الخيرية يوم الأحد 18 فبراير 2018 م لقاءا بأئمة المساجد المكفولين...
