Search Results for:Heather Somerville

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.


Mexico, one of Uber’s most profitable markets, to be invaded by China’s Didi

To learn how to conquer Uber, the Chinese firm is going straight to the source. It is poaching Uber employees for its Mexico management team.


Dropbox IPO price range values firm nearly a third below peak

Dropbox set a price range of $16 to $18 per share, which would raise up to $648 million in the IPO. The pricing is about a 30% drop from the $10 billion valuation it earned in early 2014 after a BlackRock-led financing round.


Norwest Venture Partners raises $1.5b for its largest-ever fund

The new fund comes just two years after Norwest raised a $1.2 billion fund, which was at that time the firm’s largest.


Grocery delivery startup Instacart raises $200m to take on Amazon

The funding boosts its valuation and providing new resources for the startup to compete against heavyweight Amazon.com Inc.


Uber rejected $500m settlement with Waymo before reaching deal

Waymo finally agreed to a deal of $245 million in Uber equity.


SoftBank is now Uber’s largest shareholder as deal closes

Investors will take 17.5% in Uber with SoftBank keeping 15%, triggering a number of governance changes at Uber.


Uber working on deal to sell US car-leasing business to Fair

The net book value of Xchange Leasing’s more than 30,000 vehicles was roughly $400 million.