World | FI SENSE

July 24, 2020

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

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

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

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 16, 2020

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Brazil’s Petrobras declared that it had finalized the sale of its stake in 10 oil fields to Trident Energy do Brasil with a payment of $365.4 million. The fields as a whole are known as the Polos de Pampo e Enchova. The deal still requires the payment of an additional $650 million, Petrobras said.

July 15, 2020

Thrasio, an acquirer of private label businesses on Amazon.com Inc., has acquired $260 million in a series C funding round led by private equity firm Advent International. The deal values the company at $1 billion, according to a joint statement from the company and Advent. Thrasio, among the top 25 sellers on Amazon, has more than $300 […]

July 15, 2020

Commissioners in Travis County, home to Austin and the possible next Tesla factory approved Tuesday property tax breaks worth at least $14.7 million and potentially more over 10 years. The incentives are on top of $46.6 million in property tax abatement. News of the approval pushed Tesla shares 3.5% higher in after-hours trading. Under terms […]

July 14, 2020

The American retail group said the fresh capital would help Flipkart, which was valued at $20.8 billion two years ago, further grow its e-commerce marketplace in India as the world’s second largest internet market begins to recover from Covid-19 crisis. The fresh equity round led by Walmart, which acquired majority stake in Flipkart for $16 billion […]

July 14, 2020

With, the novel coronavirus marooning people at home for work and play, those “tubes” carrying our data back and forth have become ever more important to our livelihoods. Today, the company announced that Energy Impact Partners, which has traditionally invested in sustainable energy startups but has recently expanded into software and internet services, is leading […]

July 14, 2020

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 […]

Category: World

Fintech dynamo Nubank snags U.S. software firm Cognitect

Brooks Brothers enters into $305m acquisition deal with SPARC Group

Youngkin stepped aside as Co-CEO of Carlyle

Hippo Enterprises secures $150m in a Series E round

Brazil’s Petrobras buys off Trident Energy for $365.4m

Thrasio raises $260m funding led by Advent International

Tesla bags $14.7m in tax breaks to establish Cybertruck factory in Texas

India’s Flipkart, takes on Walmart in a $1.2b fresh equity round

NS1 secures $40M in a Series D round amidst surging customer demand

Skydio snags $100m financing round led by Next47

Firstminute Capital launches second US$111M fund

Primer secures US$18M Series A

HungryPanda raises US$70M for a food delivery app

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