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Posts Tagged ‘private equity’

LA’s new homelessness stats reveal a crisis that is only worsening

LA has the nation's worst homelessness problem, a (literal) epidemic so terrible it distorts the national statistics.

Unsurprisingly, LA is also home to a speculator-driven real-estate bubble (badly exacerbated by Airbnb), which has placed affordable housing outside of the reach of many Californians, and put a third of the county into housing precarity, ...

Part fund, part accelerator, Contrary Capital invests in student entrepreneurs

Contrary Capital is raising $35 million to invest between $50,000 and $200,000 in students and recent college dropouts. ...

OpenFin raises $17 million for its OS for finance

OpenFin, the company looking to provide the operating system for the financial services industry, has raised $17 million in funding through a Series C round led by Wells Fargo, with participation from Barclays and existing investors including Bain Capital Ventures, J.P. Morgan and Pivot Investment Partners. Previous investors in OpenFin also include DRW Venture Capital, ...

Openfinance opens up US trading of third-party digital assets

Openfinance, the secondary market for trading digital alternative assets, announced it will be opening up trading of third-party digital securities to US Investors, making it the first trading platform to do so. The company already supported the trading of third-party digital securities (securities that have been migrated onto the blockchain that are now traded on ...

InnoVen Capital, one of Asia’s most prominent venture debt firms, adds $200M more to its kitty

Founders might not believe it, but managing a venture capital firm isn’t all that dissimilar to a startup. Case in point today: InnoVen Capital, one of Asia’s most prominent venture debt firms, has pulled in $200 million in new money to continue its expansion in the region. The money comes from InnoVen’s two shareholders — ...

Seed investor Gree Ventures makes first close of new $130M fund — and rebrands to Strive

There’s big news for one of India and Southeast Asia’s longest-running early-stage investors after Gree Ventures, the fund attached to Japanese gaming firm Gree, announced the first close of its third fund, which is targeted at $130 million. Gree has been a fixture in Southeast Asia since 2012, but now the firm is rebranding to ...

India’s Locus raises $22 million to expand its logistics management business

Locus, an Indian startup that uses AI to help businesses map out their logistics, has raised $22 million in Series B funding to expand its operations in international markets. The financing round for the four-year-old startup was led by Falcon Edge Capital and Tiger Global Management . Existing investors Exfinity Venture Partners and Blume Ventures ...

Chipper Cash convinces Joe Montana to invest in African fintech

The African no-fee, cross-border payment startup Chipper Cash has raised a $2.4 million seed round led by Deciens Capital. The payments company also persuaded 500 Startups and Liquid 2 Ventures—co-founded by Joe Montana—to join the round. Chipper Cash’s Ugandan chief executive, Ham Serunjogi, pitched the U.S. football legend directly. “He was quite excited about what ...

BlackBuck raises $150 million to digitize freight and logistics across India

India’s trucking system has a big inefficiency problem that continues to drag the economy. BlackBuck, one of the handful logistics startups that is trying to overhaul this system, just raised $150 million in Series D round to further pursue its mission. The new round was led by Goldman Sachs Investment Partners and Accel at a ...