Catherine Badour
Uber rival Lyft Inc is raising an additional $500 million in funding, according to a U.S. share authorization document filed in Delaware news website Axios said.
Victoria Beckham, the former Spice Girl turned luxury fashion designer, has raised 30 million pounds ($40 million) to expand her stores and e-commerce channel via a new funding round from NEO Investment Partners, Reuters reported.
Facebook Inc’s first major investor Peter Thiel has sold three-quarters of his remaining stake in the social network as part of a previously established trading plan, a regulatory filing showed.
Maoyan, one of China’s biggest online ticketing platforms, on Wednesday said it has secured 1 billion yuan ($150.82 million) in funding from internet giant Tencent Holdings Ltd, valuing the company at 20 billion yuan.
Poshmark has raised $87.5 million in a funding round led by Singapore’s state investor Temasek Holdings [TEM.UL], the online fashion retailer said on Tuesday, positioning the startup for overseas expansion in Europe and Asia, Reuters reported.
Billionaire Microsoft co-founder Bill Gates is to invest $50 million in the Dementia Discovery Fund, a venture capital fund that brings together industry and government to seek treatments for the brain-wasting disease, Reuters reported.
Uber Technologies Inc’s [UBER.UL] warring board members have struck a peace deal that allows a multibillion-dollar investment by SoftBank Group Corp to proceed, and which would resolve a legal battle between former Chief Executive Travis Kalanick and a prominent shareholder, Reuters reported.
Goldman Sachs Group Inc (GS.N) led a $10 million investment in Crux Informatics Inc, a U.S.-based technology startup that enables financial institutions to outsource the processing of data to gain business insights, Reuters reported.
Chinese electric vehicle startup Nio has raised more than $1 billion in its latest fundraising round, led by existing investor Tencent Holdings Ltd, valuing the firm at about $5 billion, sources told Reuters.
British digital challenger bank Monzo has raised 71 million pounds ($93 million) in a funding round, the company said on Tuesday, to boost investment in its chase for customers disenchanted with traditional banks.