Funding
85% of World’s Largest VCs Bet on Blockchain and Crypto
Out of the world’s 20 largest venture funds based on assets under management (AUM), 17 have invested in companies involved in blockchain technology or cryptocurrencies, implying that 85% of the world’s biggest investors have committed part of their funds to
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Swiss Blockchain Firm Authena Raises CHF 2.3 Million in Seed Funding
Authena, Swiss blockchain-based technology solutions provider for tracking supply chains, announced that it has closed a CHF 2.3 million seed funding round from angel investors from Switzerland and the United Kingdom. The firm also received funding from US innovation fund
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Swiss Digital Identity Firm fidentity Secures Funding From Spicehaus Venture Fund
Swiss digital identity firm fidentity announced that it has raised an undisclosed sum during a recent financing round with Spicehaus Swiss Venture Fund as lead investor and several experienced angel investors. With the fresh capital, fidentity will expand its product
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TrueLayer Earns Unicorn Badge With US$130 Million Funding From Stripe
London-based open banking platform TrueLayer announced that it has secured US$130 million, earning the unicorn badge with a company valuation of more than US$ 1 billion. The funding round was joined by Tiger Global and Stripe. This brings TrueLayer’s total funds
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SpotOn Raises US$300 Million in Series E Funding to Acquire Appetize
SpotOn, provider of mobile payment technology and management system for restaurants and small businesses, announced US$300 million in Series E funding, raising its valuation to US$3.15 billion. The funding, which comes four months after SpotOn’s US$125 million Series D, will
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Swiss VC btov Partners Closes US$135 Million Fund Focused on European Tech Startups
Swiss venture capital firm btov Partners announces the final closing of its new digital technologies early-stage fund with a volume of US$135 million. It’s the second fund that focuses entirely on digital technologies, and the ninth for btov Partners in
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Goldman Sachs to Acquire GreenSky, Led Form3’s US$160 Million Series C
Goldman Sachs Group has signed a deal to acquire GreenSky, a fintech platform for home improvement consumer loan originations, in an all-stock transaction valued at approximately US$2.24 billion. GreenSky’s differentiated lending capabilities and market-leading merchant and consumer ecosystem will help
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Avaloq Ventures Rebrands as FiveT Fintech Following Spin-off From Group
Swiss core banking solution provider Avaloq announced that the investment advisor of its fintech investment fund is being spun off from the group by means of a management buyout and renamed as FiveT Fintech. This will give the management team
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Payroll Platform Papaya Global Raises US$250 Million at US$3.7 Billion Valuation
Papaya Global, a New York-based workforce management platform transforming global employment, announced that it has raised US$250 million in Series D funding, bringing the company’s valuation to US$3.7 billion. Papaya’s valuation has increased tenfold since September 2020 with a total
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Canadian Startup Nuula Secures US$120 Million to Boost Service Offerings for SMEs
Nuula, a Canadian mobile application that gives small business owners instant access to critical business metrics, announced that it has raised US$120 million. The total funds secured are US$20 million in equity funding led by Edison Partners that will accelerate
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