LATEST INSIGHT

Category: World

July 24, 2020
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2min00
Nu Pagamentos SA, a seven-year-old company standalone digital bank, purchased a U.S. software consulting firm in its first acquisition outside of Brazil. Chief Executive Officer David Velez said his company, known as Nubank and backed by Tencent Holdings Ltd., closed a buy-off deal with North Carolina-based Cognitect Inc. “At our current scale, there’s so much at stake […]

July 24, 2020
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2min00
In a statement published by the team, Brooks Brothers disclosed it entered into a $305 million procurement agreement with retailer SPARC Group LLC, with a mandate to preserve the apparel brand and assist its operations in at least 125 stores. The 200-year old iconic apparel retailer filed for bankruptcy earlier this month, joining a slew […]

July 22, 2020
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2min00
Private Equity Giant Carlyle Group has announced that Co-CEO Glenn Youngkin will step down. This will leave the leadership of the company in the hands of colleague Co-CEO Kewsong Lee who will become sole Chief Executive Officer. Glenn Youngkin’s retirement will take effect from September 30, meanwhile he will spend the rest of his time […]

July 22, 2020
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2min00
Lemonade competitor, Hippo Enterprises closes $150million which augments its capital value to $1.5 billion. The Palo Alto, California-based startup, secured this funding with lead new investors Dragoneer and Ribbit Capital joined existing investors like Felicis Ventures and Iconiq Capital in the financing. “In 2021, we’ll be ready to go public,” he said. Hippo, which was valued at about $1 billion in a funding […]

July 14, 2020
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1min00
Founded in 2014, Skydio is made up of leading experts in AI, robotics, cameras, and electric vehicles from top companies, research labs, and universities from around the world. Skydio has raised $100 million, bringing its total raised to $170 million. Next47 led the round with participation from Levitate Capital, NTT DOCOMO Ventures, and existing investors […]

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