As LinkedIn announces the next stage of its own ambitions in the world of recruitment by bringing in more big data insights, another one of the startups indirectly chipping away at its position among knowledge workers by providing a way of hiring and building entire teams in remote locations is announcing another round of funding. […]
Fundbox raises $176 million Series C to build ‘Visa’ for B2B payments
Credit cards have become all but ubiquitous for consumer transactions, and it isn’t hard to see why. By intermediating payments, networks like Visa allow buyers and sellers to exchange money for goods and services without knowing the financial risk profile of the counter-party. Rather than applying for credit at every merchant you shop at, you […]
Trifacta Raises $100 Million to Support Explosive Growth of Data Wrangling for AI and the Cloud
Investment follows year of more than 3X user growth and more than 2X revenue growth in cloud […]
Fast growing Bay Area data startup wrangles $100 million in funding
Data-wrangling cloud service Trifacta raised a $100 million funding round, as its user growth soared three times higher and its revenue doubled in the past year, the company said Thursday. The San Francisco-based company, which uses machine learning to help companies save money by using knowledge workers and data analysts to clean and structure data […]
JUUL, Startup Growth, And Who Is Investing For The Long-Term
Ever make dinner with what’s left in the fridge at the end of a busy week? Mostly this column gets through all the topics and news that fit its purview in any given five-day period. Other times, like this week, I wind up with a few interesting leftover tidbits that I still need to share. […]
Chime Reaches 5M Accounts As Rival Acorns Reaches 6.2M
In the Great Neo-Bank Account Accretion War, there are new performance numbers to chew on. Today CNBC reported that Chime, a neo-bank we’ve covered before, picked up one million new accounts since June. Chime now has five million accounts, and its CEO Chris Britt indicated to the publication that when his company was smaller it took four years to collect one […]
The path to the next billion internet users is through feature phones
Despite a US-China trade war barring Google from licensing its Android mobile operating system for Huawei phones, Android will have little problem continuing to dominate the mobile ecosystem. It accounts for over 75% of mobile web traffic followed by Apple’s iOS 22%. Other mobile OS combined accounted for a mere 2.3%. […]
We’re looking for you to join the Cathay Innovation team!
Cathay Innovation is a rapidly growing European venture capital fund investing in North America, Europe, China and Africa. Based in San Francisco, Paris, and Shanghai, we are affiliated with Cathay Capital, a global investment firm with over $3.0b AUM and 90 professionals. We are now investing out of the recently launched Fund II, a EUR 500 million […]
How retailers can survive the Amazon era
While Amazon’s 2019 Prime Day was riddled with complications, from worker protests to antitrust investigations, the tech giant once again broke records with 175M items sold, surpassing both Black Friday and Cyber Monday combined. In just twenty years, Amazon revolutionized the logistics industry by fulfilling orders directly and offering its fulfillment services to third parties selling on the Amazon marketplace. […]
Cathay Innovation Leads Series B Round In Chinese Kindergarten Operator
Chinese kindergarten operator Little Oranges Academy announced on Thursday that it has raised tens of millions of U.S. dollars in a series B round of financing led by Cathay Innovation, a global venture capital fund created in affiliation with Cathay Capital Private Equity. […]