Chinese social e-commerce platform Pinduoduo said on Tuesday that it earned sales revenue of more than RMB 65 billion (around $9.7 billion) in 2018 from a special program that sells farm produce from poverty-stricken regions. The report on the program is a timely response to announcements made during the central government’s annual Two Sessions meetings, promoting new […]
Category: Portfolio News
Online bank Chime now valued at $1.5 billion after new funding round
Digital bank Chime has tripled its valuation, officially passing the $1 billion-mark this week. The San Francisco-based company announced a $200 million Series D financing round that brings its new valuation to $1.5 billion. Investors were led by DST Global, which also participated in earlier fundraising rounds, and new investors Coatue, General Atlantic, Iconiq Capital […]
Chime Raises $200 Million At $1.5 Billion Valuation
Digital bank Chime has tripled its valuation, officially passing the $1 billion-mark this week. The San Francisco-based company announced a $200 million Series D financing round that brings its new valuation to $1.5 billion. […]
Trifacta Triples User Base And More Than Doubles Cloud-Based Revenue in 2018
Trifacta, Inc., the global leader in data preparation, today announced another year of significant growth. Fiscal year 2019, which ended January 31, saw annual recurring revenue (ARR) grow by over 85 percent with accelerated growth of more than 2x in cloud-based revenue as result of strong customer wins globally, continued industry recognition as the leader in […]
DataSine raises $5.2M led by Pentech and Propel for its AI content-marketing platform
By now, most of us should be familiar with the concept of the tailored news feed. Right now my Facebook feed (yes, I’m still there, alas) has been messed up because I’ve clicked on too many posts about Brexit, but I digress. My point is that content has long since fallen to the tyranny of […]
Chime recognized by 11:FS as the winner in the US Disruptor category
The consulting firm CG42 recently reported that it expects the ten largest banks in the US to lose $159 billion in deposits to smaller competitors over the next year. […]
Meet the start-up bank with millions of customers trying to disrupt the ‘adversarial’ American banking system
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Chime is among the top seven most promising personal finance companies on Forbes 2019 Fintech 50 list
Almost every personal finance company on Forbes’ 2019 Fintech 50 list is betting on the insights of behavioral finance to take their company to the next level. […]
Denis Barrier sat down with Technotopia’s John Biggs to discuss his outlook on the future of global innovation
Denis Barrier is a global investor and an amazing guy. His firm invests in the US, Europe, and Asia and we talked about our borderless future and how to spot innovation before it takes off. […]
Finalcad, the mobile platform for the construction industry, raises $40M Series C
Finalcad, a mobile platform that enables the construction industry to digitize much of its processes, has closed $40 million in Series C funding. The round was led by publicly listed London venture capital firm Draper Esprit and Cathay Innovation, with the support of Salesforce Ventures. Existing French investors Serena, Aster and CapHorn Invest also participated. […]