Category: Markets

myfisensemyfisenseApril 14, 2021
grab.jpg

4min00
Southeast Asia’s biggest ride-hailing and food delivery firm, Grab Holdings, agreed a merger with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly $40 billion and paving the way for a coveted U.S. listing. The merger, the biggest blank-check company deal ever, underscores the frenzy on Wall Street as shell firms have raised […]

myfisensemyfisenseApril 14, 2021
Investment_01-1280x853.jpg

3min00
Today Crosspoint Capital Partners LP announced the closing of Crosspoint Capital Fund I, an investment fund focused on the cybersecurity, privacy and infrastructure software sectors. Fund I closed at $1.3 billion, exceeding its target of $1 billion and making it one of the largest first-time, technology-focused private equity funds ever raised. “Private equity is an exceedingly competitive industry and simply […]

myfisensemyfisenseApril 14, 2021
david.jpg

2min00
Degreed Inc., a software company serving human resource departments, said it has raised $153 million from investors valuing it at more than $1.4 billion. Its valuation rose from $710 million last year, the company said. Sapphire Ventures and Riverwood Capital led the round, which will be used to speed product development and global expansion and […]

myfisensemyfisenseApril 14, 2021
majoity.jpg

1min00
U.S. private equity firm Hellman & Friedman agreed to buy a majority stake in energy data and analytics provider Enverus from Genstar Capital, the companies said. The deal values Enverus at $4.25 billion including debt, according to a person familiar with the matter. Genstar Capital will retain an undisclosed stake in Enverus, which has grown […]

myfisensemyfisenseApril 13, 2021
pine-labbs.jpg

2min00
Pine Labs said it has acquired Southeast Asian startup Fave in a deal valued at $45 million as the Indian firm looks to strengthen its consumer-focused offerings in the domestic and international markets. Fave helps an offline merchant connect and retain customers by using gift cards and vouchers. The startup allows merchants to accept digital payments by having […]

myfisensemyfisenseApril 13, 2021
grover.jpg

6min00
A startup tapping into the concept of the circular economy, where people don’t buy items outright but pay an incremental amount to use them temporarily, has raised some funding to scale its business in Europe and beyond. Grover, a Berlin-based startup that runs a subscription model where people can rent out consumer electronics like computers, smart […]

myfisensemyfisenseApril 13, 2021
berlin.jpg

6min00
In the latest development, Berlin Brands Group has raised $240 million that it says it will be using to acquire smaller but promising enterprises in Europe and North America specifically the U.S. that are already making between $1 million and $100 million in sales via marketplaces like Amazon. The funding is coming in the form of debt, […]

myfisensemyfisenseApril 12, 2021
Keith-Melnick_The-Zebra-990x661.jpg

5min00
The Zebra, an Austin-based company that operates an insurance comparison site, has raised $150 million in a Series D round that propels it into unicorn territory. Both the round size and valuation are a substantial bump from the $38.5 million Series C that Austin-based The Zebra raised in February of 2020. (The company would not […]

myfisensemyfisenseApril 12, 2021
spark-1280x720.jpg

3min00
NGK Spark Plug, one of the world’s largest manufacturers of automative spark plugs, announced a new $100 million fund to invest in startups and find potential merger and acquisition deals. The fund was launched with Pegasus Tech Ventures, the “venture capital as a service” firm that has also worked with corporations like Sega Sammy Holdings, […]

myfisensemyfisenseApril 12, 2021
appzone.jpg

5min00
Appzone is a fintech software provider. It is one of the few companies that builds proprietary solutions for these financial institutions and their banking and payments services. Today, the company is announcing that it has closed $10 million in Series A investment. Typically, African financial institutions rely on using foreign technology solutions to solve their problems. But […]

FI Sense

FREE
VIEW