Search Results for:Heather Somerville

US fintech startup Stripe valued at $20b in fresh funding round

Stripe will use the funds to fuel growth in key overseas markets such as Southeast Asia and India


Uber fills long-vacant CFO seat with Merrill Lynch veteran, paving way for IPO

Uber must meet its self-imposed deadline of an IPO next year or a shareholder provision that would lift transfer restrictions on shares could create a chaotic market of buying and selling Uber stock.


China revokes approval for Facebook’s upcoming venture

A Chinese government database showed that Facebook had gained approval to open a subsidiary, but the registration has since disappeared.


Scooter makers ride high with growing demand from well-funded rental startups

Investors poured $3.5 billion into scooter- and bike-rental startups globally for the first half of 2018, according to data firm CB Insights.


Snap bet helps Lightspeed Venture raise $1.8b for new funds

Lightspeed is eyeing a business expansion to Southeast Asia and wants to add investments in cryptocurrency, biotech, new TV streaming services and even cosmetics companies.


China’s penetration of Silicon Valley creates risks for startups

The possibility of a regulatory crackdown has caused unease in the startup world.


Scooter startup Bird raises $300m in latest funding round

The round was led by Sequoia Capital and joined by investors Accel, B Capital, CRV, Sound Ventures, Greycroft and e.ventures.


US real estate startup Opendoor’s valuation tops $2b after new funding

The round was led by investors General Atlantic and Access Technology Ventures, as well as home construction company Lennar Corp.


SoftBank Vision Fund leads $250m round in US enterprise software firm Cohesity

With its second-ever investment in an enterprise software company, the massive fund is seen to broaden its portfolio beyond consumer tech firms such as Uber and DoorDash.


Uber to buy electric cycle-sharing startup JUMP Bikes

The deal signals a shift for Uber toward a wider set of transportation options in urban centres.