Archives

Greg Tarr Named Chief Strategy Officer At Karma Automotive

By Annie Baker ● Jun 8, 2020

Greg Tarr has been named chief strategy officer at Karma Automotive. These are the details.

Comcast Corporation (CMCSA): $100 Million Committed To Combating Inequality

By Dan Anderson ● Jun 8, 2020

Comcast Corporation (NASDAQ: CMCSA) CEO Brian Roberts announced that the company is committed to spending $100 million over the next 3 years to combat inequality.

Sirius XM Holdings (SIRI): $1.5 Billion Of 4.125% Senior Notes Due 2030 Priced

By Amit Chowdhry ● Jun 8, 2020

Sirius XM Holdings Inc (NASDAQ: SIRI) announced its subsidiary priced an offering of $1.5 billion of 4.125% Senior Notes due 2030.

Jio Platforms Raises $750 Million From Abu Dhabi Investment Authority

By Amit Chowdhry ● Jun 8, 2020

India-based digital services company and Reliance subsidiary Jio Platforms has raised $750 million from Abu Dhabi's sovereign wealth fund.

Basis Vectors Announces $50 Million Private Equity And Technology Fund

By Annie Baker ● Jun 8, 2020

Basis Vectors, a Berkshire Hathaway-style alternative investment and technology firm, announced its launch and plans to acquire B2B software companies.

Nashville-Based Petra Capital Partners Closes $208 Million For Growth Fund IV

By Dan Anderson ● Jun 8, 2020

Nashville, Tennessee-based Petra Capital Partners announced it completed fundraising on Petra Growth Fund IV (“PGF IV”) with $208 million of capital.

Travelport Raising Up To $1 Billion In Financing

By Dan Anderson ● Jun 8, 2020

Leading travel technology company Travelport Worldwide Limited announced that it received commitments for up to $1 billion from affiliates of existing owners.

Business Financial Data Company Powerlytics Raises $4 Million

By Noah Long ● Jun 8, 2020

Powerlytics, a data provider that has granular data for the 200 million adults and 30 million businesses that make up the U.S. economy, announced that it has raised $4 million in funding.

Vancouver-Based Quini Raises Funding For Its Real-Time Wine Sensory Data Platform

By Annie Baker ● Jun 8, 2020

Quini, a leader in sensory real-time data, analytics, and technology solutions for the wine industry, announced it completed a minority funding round led by OKR Financial.

Asana Reportedly Raised $200 Million By Issuing Convertible Debt Before IPO

By Amit Chowdhry ● Jun 8, 2020

Asana, a work management company founded by Dustin Moskovitz and Justin Rosenstein, has reportedly raised about $200 million by issuing convertible debt ahead of the direct listing later this year.

Facebook CEO Mark Zuckerberg To Consider Changes Around Trump’s Controversial Posts

By Noah Long ● Jun 8, 2020

Facebook, Inc. (NASDAQ: FB) said that he would consider making changes to the policy that involved the company leaving up controversial posts published by President Donald Trump regarding the George Floyd protests.

TaxProper Closes $2 Million In Funding

By Amit Chowdhry ● Jun 7, 2020

TaxProper, a company that helps consumers appeal the assessments around property taxes if they feel it is too high, announced it has raised $2 million in funding.

Atlas Venture Raises $400 Million For Fund XII

By Amit Chowdhry ● Jun 7, 2020

Leading early-stage venture capital firm Atlas Venture announced that it closed its twelfth fund at $400 million. These are the details.

AstraZeneca (AZN): Gilead Sciences (GILD) Merger Talks, Oxford University Vaccine Plans, Bill And Melinda Gates Foundation Partnership

By Amit Chowdhry ● Jun 7, 2020

AstraZeneca plc (NYSE: AZN) announced it has started manufacturing experimental coronavirus vaccines developed by Oxford University and the company is reportedly in talks with Gilead about a merger

Atom Power Closes $17.75 Million From ABB, Rockwell (ROK), Valor, And Atreides

By Amit Chowdhry ● Jun 7, 2020

Atom Power, a company that is developing circuit breakers, distribution panels, and software, announced it raised $17.75 million.

Why Chegg (CHGG) Is Buying Mathway For About $100 Million In All-Cash

By Amit Chowdhry ● Jun 7, 2020

Chegg Inc (NYSE: CHGG) recently announced it has acquired math solver Mathway. These are the details about the deal.

Lahore-Based B2B E-Commerce Company Tajir Raises $1.8 Million

By Noah Long ● Jun 7, 2020

Pakistan-based B2B e-commerce company Tajir announced it has raised $1.8 million in funding.

Coastal Cloud Secures Funding From Sverica And Salesforce Ventures

By Dan Anderson ● Jun 7, 2020

Coastal Cloud LLC recently announced that it raised a strategic round of funding from Sverica Capital Management LP and Salesforce Ventures.

WeWork Co-Founder Miguel McKelvey To Step Down At The End Of June

By Noah Long ● Jun 6, 2020

WeWork co-founder and chief culture officer Miguel McKelvey announced he will be stepping down from the office-sharing startup at the end of the month

Autonomous Mobile Robot Company OTTO Motors Closes $29 Million In Funding

By Annie Baker ● Jun 5, 2020

OTTO Motors, a division of Clearpath Robotics, announced it has raised $29 million in Series C funding.

Why VMware (VMW) Is Buying Lastline

By Amit Chowdhry ● Jun 5, 2020

Tom Gillis, SVP & General Manager at VMware, Inc. (NYSE: VMW), announced that the company is intending to buy Lastline. These are the details.

Amazon Signs New Partnership With Slack

By Annie Baker ● Jun 5, 2020

Productivity software company Slack Technologies Inc (NYSE: WORK) recently announced it signed a new deal with online retail giant Amazon.com, Inc. (NASDAQ: AMZN)

Doug McMillon: Walmart (WMT) Pledges $100 Million For Addressing Systematic Racism

By Dan Anderson ● Jun 5, 2020

Walmart Inc (NYSE: WMT) CEO Doug McMillon sent an email to employees to condemn the death of George Floyd and announce a commitment to addressing systematic racism.

Reddit Co-Founder Alexis Ohanian Resigns And Urges For A Black Candidate Replacement

By Noah Long ● Jun 5, 2020

Reddit co-founder Alexis Ohanian Sr. announced he is resigning from the board of directors at the social news aggregation company.

Jio Platforms: $1.2 Billion From Mubadala Investment And $602 Million From Consortium Led By Silver Lake

By Noah Long ● Jun 5, 2020

Jio Platforms has received a ₹9,000 crore investment ($1.2 billion) from Abu Dhabi-based Mubadala Investment and 45.5 billion rupees ($602 million) from a consortium led by Silver Lake. These are the details.

Mercato Partners Closes $90 Million Savory Fund I

By Dan Anderson ● Jun 5, 2020

Mercato Partners has announced a new inaugural food and beverage fund called Savory Fund I with $90 million in capital.

Conversational Search Technology Company Searchable.ai Raises $4 Million

By Dan Anderson ● Jun 5, 2020

Searchable.ai — the creators of a new class of "Conversational Search" technology — announced that it raised $4 million in additional seed funding led by Susquehanna International Group and Omicron Media.

Cloud Communications Company Cloud9 Raises $17.5 Million Led By UBS

By Dan Anderson ● Jun 4, 2020

Cloud-based communications leader Cloud9 Technologies announced it has raised a $17.5 million Series B round of funding.

Francisco Partners Closes Nearly $10 Billion In Capital Commitments

By Amit Chowdhry ● Jun 4, 2020

Francisco Partners has announced that it closed about $10 billion in capital commitments across three funds.

Amazon Reportedly In Talks To Buy $2 Billion Stake In Bharti Airtel

By Amit Chowdhry ● Jun 4, 2020

Amazon.com, Inc. (NASDAQ: AMZN) is reportedly in early-stage talks to buy a $2 billion stake in Bharti Airtel Limited (NSE: BHARTIARTL).