LATEST INSIGHT

Category: North America

November 27, 2020
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1min00
Ascena Retail Group, which owns clothing brands such as Ann Taylor and Loft, said o it will be acquired by Premium Apparel LLC for $540 million on a cash-free and debt-free basis. Premium Apparel, a unit of private equity firm Sycamore Partners, has committed to retain a substantial portion of the retail stores and associates […]

November 23, 2020
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3min00
The company announced a $2.1 million seed investment led by Amplify Partners and Neo. While it was at it, the startup also announced the first commercial version of the product, Serenade Pro. “Serenade is an app that you’ll download onto your computer. It will plug into your existing editors like Visual Studio Code or IntelliJ, and then […]

November 20, 2020
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2min00
Bringing the buy-now pay-later model that transformed companies like Klarna and Affirm into billion-dollar businesses to small businesses across the U.S. has netted the payment and lending company Credit Key another $33.85 million in funding. The Los Angeles-based company raised its latest cash from Greycroft, Bonfire Ventures, Loeb.nyc and other, undisclosed, investors, the company said. […]

November 20, 2020
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1min00
US-based precision medicine firm InterVenn Biosciences has announced it has  its US$34 million Series B round of funding. The round was led by Anzu Partners with full participation of Genoa Ventures, Amplify Partners, and True Ventures; Malaysia based Xeraya Capital and the Ojjeh Family. InterVenn will use the funds to commercialize the company’s High-Throughput-Glycoproteomic powered […]

November 19, 2020
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2min00
Exchange operator Nasdaq Inc disclosed it has acquired anti-financial crime software firm Verafin for $2.75 billion in cash, significantly expanding its reach in the regulatory technology market. Verafin, founded in 2003, provides more than 2,000 financial institutions in North America a cloud-based platform to help detect, investigate, and report money laundering and financial fraud. Nasdaq […]

November 16, 2020
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2min00
MindTickle, a startup that operates an eponymous sales readiness platform, attracts $100 million in a new financing round. Softbank  Vision Fund 2 led the Pune and San Francisco-headquartered startup’s new financing round, which is a combination of debt and equity. Existing investors Norwest Venture Partners, Accel Partners, Canaan, NEA, NewView Capital, and Qualcomm Ventures also participated […]

November 12, 2020
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2min00
Private equity firm Carlyle Group Inc announced it invested more than $250 million in Pharmapacks, a U.S. e-commerce firm focused on health, personal care and beauty products. Carlyle’s investment, which values Pharmapacks at about $1.1 billion, comes as the COVID-19 pandemic has pushed more consumers to shop online. Founded as a brick-and-mortar pharmacy shop in […]

November 6, 2020
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3min00
Vimeo has raised $150 million in new equity funding, announced in conjunction with the third-quarter earnings of its parent company IAC. In a letter to shareholders, IAC CEO Joey Levin said the company has “begun contemplating spinning Vimeo off to our shareholders.” “Given Vimeo’s success, and investor adulation for the Software-as-a-Service (SaaS) category generally, we expect Vimeo’s […]

November 6, 2020
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2min00
The investment will allow Amazon to launch an AWS Cloud region in Hyderabad city by mid-2022, said K. T. Rama Rao, Minister for Information Technology, Electronics & Communications, Municipal Administration and Urban Development and Industries & Commerce Departments, Government of Telangana. The new AWS Asia Region will be Amazon’s second infrastructure region in India, Amazon said in a […]

November 5, 2020
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2min00
The sovereign wealth fund is investing $1.3 billion in Reliance Retail for a 2.04% equity stake in the largest retail chain in India. The investment values Reliance Retail, which was founded in 2006, at $62.4 billion, the Indian firm said. Reliance Retail, which serves more than 3.5 million customers each week (as of early this year) through […]

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