DigitalOcean raises $100M in debt as it mounts toward income of $300M, profitability
DigitalOcean is a cloud infrastructure provider aiming for tinier business and fresher companies. It declared recently that it had obtained $100 million in current debt from a collection of investors, making its 2016-era debt hike to a sum of about $300 million. The company’s almost...
Volocopter elongates Series C funding to $94M with support from logistics giant DB Schenker and others
Self-governing air mobility business Volocopter has attached to the Series C funding round it declared in September 2019. Details About The Investment The German electrical vertical take-off and landing (eVTOL) aircraft producer published €50 million ($54 million at today’s market rate) in funding at the...
Nvidia’s Q4 financials resemble brighter skies with steady quarterly income growth
Superior artificial intelligence and graphics chipmaker Nvidia announced its 2020 Q4 financials recently. Specifics About The Investment The company published earnings of $3.11 billion for the quarter, a leap of 41% from the year-ago quarter and a little boost from the third quarter. Yet, more...
Los Angeles-situated ‘deep tech’ finance firm Riot ventures is proposing a $75M fund
Riot Ventures is a Los Angeles-situated, early-stage and broad technology finance firm. Funding Specifications It is spreading out to the market to establish a $75 million secondary fund to fund the growth of firms in LA and beyond. The firm has mostly operated below the...
As its fundraising delays, SoftBank’s second Vision Fund can be near-sighted
SoftBank is the technology conglomerate that changed the investment capital industry and made ripples in the technology world with its $100 billion Vision Fund. However, it may not be ready to repeat the performance or support its innovative approach to tech investing, The Wall Street...
Engaging as a traffic cop for drones in towns and cities nets Airspace Link at $4 million
As the amount of drones increases in towns and cities across America, government offices are struggling to find ways to handle the oncoming traffic that’s assumed to clog up their airspace. Why Airspace Is Tough Competition Companies such as Airmap and KittyHawk have proposed tens...
Open banking program Tink puts €90M at a post-money cost of €415M
Tink, the European open banking program, is revealing €90 million in new funding, only 11 months after the Sweden-headquartered company declared a €56 million round of funding. Specifications About The Investment Co-leading this latest round is Dawn Capital, HMI Capital, plus Insight Partners. The round...
“Casper’s Public Filing: A Revealing Insight into the Mattress Industry”
E-commerce sensation and D2C bright star Casper has filed to become public. The New York-based firm that put almost $340 million while single, according to Crunchbase data, assumes to trade on the New York Stock Exchange below the ticker symbol “CSPR.” Its S-1 filing involves...
SoftBank’s $275M Investment in Lenskart: A Game-Changer for Indian Retail
Lenskart, an omnichannel retailer in India that markets eyewear products, stated on Friday that it had allocated $275 million in new funding round from SoftBank Vision Fund as it seems to grow its business in the nation. The Specifications of Series G As part of...
Online mortgage broker Trussle loses founding CEO
Trussle, the online mortgage agent supported by the likes of Goldman Sachs, LocalGlobe, Finch Capital, and Seedcamp, has dropped its founding CEO. What Happened & Who Will Take Over Ishaan Malhi, who co-founded the fintech startup five years before, has quit with “immediate effect,” according...
