Bloomberg
April 18, 2022 Cryptocurrency startup Blockchain.com is interviewing banks for an initial public offering that could take place as soon as this year, according to people familiar with the matter. An IPO might not happen until next year and the company’s plans could change, said the people, who asked not to be identified because the … Continued
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April 18, 2022 Archer Aviation Inc. (NYSE: ACHR) today announced that Adam Goldstein has been named sole CEO, as the company prepares for its next phase of growth in the fast-developing urban air mobility market. Brett Adcock, Archer’s co-founder and former co-CEO, will remain on the Company’s Board of Directors. The Company took this step, … Continued
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April 14, 2022 Zhihu Inc. (NYSE: ZH) (“Zhihu” or the “Company”), the operator of Zhihu, a leading online content community in China, today announced the pricing of the global offering (the “Global Offering”) of 26,000,000 Class A ordinary shares of the Company (the “Sale Shares”) by certain selling shareholders, which comprises an international offering (the … Continued
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April 13, 2022 For the first time, a crypto exchange is partnering with an NFL team in a long-term, exclusive relationship that could bring further exposure of digital assets to mainstream audiences. The partnership between Blockchain.com and the Dallas Cowboys was announced on Wednesday at the NFL team’s headquarters in Frisco, Texas, by Jerry Jones, … Continued
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April 6, 2022 DigitalOcean Holdings, Inc. (NYSE:DOCN), the cloud for developers, startups and SMBs, today announced the launch of DO Impact, a global social impact program aimed at empowering changemakers through products, philanthropy, and people — enabling the internal and larger DigitalOcean communities to give back. “Our mission is to help the builders of the … Continued
MoreOpendoor
April 5, 2022 On the heels of our recent expansion into the San Francisco Bay Area, today, we’re proud to announce a major move into the Northeast: we are now officially live in New Jersey and New York! Starting today, residents in more than fifteen counties and more than 450+ ZIP Codes across New Jersey … Continued
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March 30, 2022 Startup Blockchain.com said it raised new funding that values the company at about $14 billion, more than doubling its worth in a sign that cryptocurrency firms still enjoy the favor of investors in turbulent venture capital markets. The financing round, which vaults Blockchain.com into the ranks of the most valuable crypto companies, … Continued
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March 21, 2022 Crypto exchange Blockchain.com has acquired Altonomy’s over-the-counter (OTC) trading desk. Blockchain.com told CoinDesk it has already integrated Altonomy’s “core systems” with the firm’s existing OTC trading capabilities, according to Vice President of Markets Dan Bookstaber. Twenty-six Altonomy employees have also moved over, he said. He declined to disclose the terms of the … Continued
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February 15, 2022 National homebuilder Lennar and iBuyer Opendoor announced the expansion of their partnership into Miami on Tuesday. Lennar, the second largest homebuilder in the U.S., has been based in Miami since 1954. “Our strategic partnership with Opendoor underscores Lennar’s focus on implementing technology and innovation to enhance all aspects of homebuying and homebuilding,” … Continued
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February 8, 2022 When we founded Opendoor in 2014, we had a handful of people working relentlessly in a one-room office in San Francisco. It was a small team with a simple but ambitious mission – empower everyone with the freedom to move, one that remains true today. Together we are changing a broken process … Continued
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December 20, 2021 Archer Aviation Inc. (NYSE: ACHR) today announced that Maker, Archer’s eVTOL demonstrator aircraft, completed its first successful hover flight. The flight marks the completion of the company’s first full and complete systems test and validation of every hardware and software component working as intended to move the aircraft into the air. The … Continued
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December 2, 2021 Archer Aviation Inc. (NYSE: ACHR) today announced it has received a Special Airworthiness Certificate from the Federal Aviation Administration (“FAA”) covering its Maker demonstrator aircraft. The Special Airworthiness Certificate authorizes Archer to begin flight testing its electric vertical takeoff and landing (eVTOL) Maker aircraft. Having cleared this final threshold to begin off-ground … Continued
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November 30, 2021 Blockchain.com, one of the world’s oldest and most trusted cryptocurrency platforms, has acquired SeSocio, one of the largest crypto companies in Argentina and one of the most prolific across Latin America. With its largest acquisition to date, Blockchain.com accelerates its rapidly growing footprint across Latin America, armed with a team committed to … Continued
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November 15, 2021 DigitalOcean Holdings, Inc. (“DigitalOcean”) (NYSE: DOCN) today announced the pricing of its offering of $1.3 billion aggregate principal amount of 0% convertible senior notes due 2026 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The … Continued
MoreOpendoor
November 4, 2021 Nearly 8 years ago, we set out to make selling, buying and closing on a home simple, certain, and fast. Our vision is to make the entire experience as easy as a tap of a button. First, we built a pricing algorithm that ingested millions of data points to provide sellers with … Continued
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October 27, 2021 A little more than a year ago, we partnered with Realtor.com to provide the millions of homeowners who visit their website each year with a simple, certain, fast and trusted way to sell their home. Since then, we’ve seen tremendous consumer response. Given the uncertainty and stress that can come with a … Continued
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October 23, 2021 San Francisco digital bank Chime is in talks to go public at a valuation of $35 to $45 billion, according to a person familiar with the matter, and it’s targeting March of 2022 for the IPO. The company’s revenue will likely reach $900 million to $1 billion this year, the person said. … Continued
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September 23, 2021 Access Technology Ventures, the venture capital and growth technology investment arm of privately held industrial group Access Industries, announced today an additional $300 million purchase of stock of Opendoor Technologies Inc. (NASDAQ: OPEN), a leading digital platform for residential real estate. Access’ $1 billion position makes it Opendoor’s largest shareholder. Access’ additional … Continued
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September 7, 2021 As developers look for ways to simplify how they create software, serverless solutions, which enable them to write code without worrying about the underlying infrastructure required to run their applications, is becoming increasingly popular. DigitalOcean announced today that it is enhancing its existing offering in this area with the acquisition of serverless … Continued
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September 7, 2021 Archer Aviation Inc. (“Archer”), a leading developer of all-electric vertical takeoff and landing (“eVTOL”) aircraft has been actively engaged with the FAA through its Center for Emerging Concepts & Innovation and the Los Angeles Aircraft Certification Office to develop the airworthiness and environmental requirements necessary for full certification of its eVTOL aircraft. … Continued
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September 6, 2021 Archer Aviation Inc. (NYSE: ACHR) today announced it has received a Special Airworthiness Certificate from the Federal Aviation Administration (“FAA”) covering its Maker demonstrator aircraft. The Special Airworthiness Certificate authorizes Archer to begin flight testing its electric vertical takeoff and landing (eVTOL) Maker aircraft. Having cleared this final threshold to begin off-ground … Continued
MoreGlobeNewswire
September 3, 2021 Archer Aviation Inc. (“Archer”), a leading developer of all-electric vertical takeoff and landing (“eVTOL”) aircraft, today announced an agreement with the USAF to establish a collaborative strategy to explore the technical readiness and suitability of Archer’s eVTOL aircraft for USAF purposes. As Archer continues its work towards achieving FAA Type Certification of … Continued
MoreFortune
August 30, 2021 Blockchain.com is celebrating its 10-year-anniversary today as well as another milestone: surpassing $1 trillion in crypto transactions, CFO Macrina Kgil told me. The cryptocurrency exchange and digital wallet company has handled almost a third of all Bitcoin network transactions since 2012, Kgil says.And the bulk of all transactions processed through Blockchain.com Wallets … Continued
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August 13, 2021 Chime said Friday it raised $750 million in a Series G funding round that values the fintech company at $25 billion. That’s $10 billion higher than its last reported valuation of $15 billion from October 2020, according to PitchBook data. Chime — a so-called challenger bank known for fee-free banking, early paydays … Continued
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June 15, 2021 Seven years ago, Opendoor had a goal to simplify how people buy and sell a home, empowering everyone with the freedom to move. It was an idea to make buying and selling a home one-click, and an idea to transform a category and build a generational company. Over the past seven years, … Continued
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June 10, 2021 California-based Archer, a company designing and developing electric vertical takeoff and landing aircraft (eVTOL), debuted its Maker aircraft both live in Los Angeles and streamed to a global audience on the evening of June 10. The intimate, COVID-safe in-person event was held at the Hawthorne Hangar Operations and utilized industry leading XR … Continued
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April 14, 2021 Today, Opendoor is announcing it is now available in 30 markets nationwide with the launch of St. Louis, MO, Greenville, SC and Corpus Christi, TX. Opendoor is not only the first to bring iBuying to St. Louis, but today builds on our existing presence in South Carolina and Texas with an expansion … Continued
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March 26, 2021 Zhihu Inc. (“Zhihu” or the “Company”) (NYSE: ZH), an iconic online content community in China, today announced that it has priced its initial public offering (the “IPO”) of 55,000,000 American depositary shares (“ADSs”), at US$9.5 per ADS. The aggregate offering size of the IPO and the concurrent private placements described below is … Continued
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March 24, 2021 As Coinbase is about to go public in the U.S., another cryptocurrency company is having a blockbuster first quarter of 2021. Blockchain.com, the company behind a popular cryptocurrency wallet, an exchange, a block explorer and more has raised a $300 million Series C round. If you’ve been paying attention, you may remember … Continued
MoreBloomberg
March 23, 2021 Cloud computing company DigitalOcean Holdings Inc. raised more than $775 million in an initial public offering priced at the top of a marketed range, adding to 2021’s run of software listings. DigitalOcean sold 16.5 million shares Tuesday for $47 each, according to a statement. The New York-based company had marketed the shares … Continued
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February 17, 2021 Blockchain.com, a provider of cryptocurrency services, has raised about $120 million in its latest funding round, which included investments from Alphabet Inc’s venture capital unit, GV, the company said on Wednesday. The company did not disclose the valuation at which the funds were raised. London-based Blockchain.com said about 28% of all bitcoin … Continued
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February 10, 2021 Archer, a leading Urban Air Mobility (“UAM”) company and developer of all-electric vertical take-off and landing (“eVTOL”) aircraft, and Atlas Crest Investment Corp. (NYSE: ACIC), a special purpose acquisition company, today announced they have entered into a definitive agreement for a business combination that would result in Archer becoming a publicly listed … Continued
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February 4, 2021 Shares of Chinese short video company Kuaishou rose nearly 200% at the open on its debut in Hong Kong. The technology firm raised 41.28 billion Hong Kong dollars ($5.32 billion) from the initial public offering (IPO) after pricing its shares at 115 Hong Kong dollars each, at the top of its expected … Continued
MoreThe Real Deal
January 5, 2021 Opendoor’s IPO last month crowned CEO Eric Wu a billionaire. It quintupled the value of SoftBank’s stake to $2.3 billion. And it reaped early investor Khosla Ventures a 36x return — on paper. Opendoor’s largest shareholder is SoftBank’s Vision Fund with a 13.5 percent stake, followed by Khosla Ventures with a 8.5 … Continued
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December 21, 2020 Even before Opendoor’s official stock market debut on Dec. 21, the iBuyer’s valuation soared to nearly $18 billion as Wall Street investors cheered its merger with a special purpose acquisition company. The company, founded in 2014, uses an algorithm to buy and sell homes for a fee of between 6 and 8 … Continued
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November 17, 2020 PingCAP, the open-source software developer best known for NewSQL database TiDB, has raised a $270 million Series D. TiDB handles hybrid transactional and analytical processing (HTAP), and is aimed at high-growth companies, including payment and e-commerce services, that need to handle increasingly large amounts of data. The round’s lead investors were GGV … Continued
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September 18, 2020 Chime, the start-up that delivers banking services through mobile phones, has closed a fundraising that values the company at $14.5 billion, CNBC has learned exclusively. That lofty figure makes Chime the most valuable American fintech start-up serving retail consumers. Investment firms that participated in its latest round include Coatue, Iconiq, Tiger Global, … Continued
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September 15, 2020 Chamath Palihapitiya pioneered taking private unicorns public by reverse merging them into special purpose acquisition companies — an idea he’s called “IPO 2.0.” After his first iteration of doing so last year with space-tourism company Virgin Galactic, he’s found his next target: Opendoor, an online marketplace for buying and selling houses. “These … Continued
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September 15, 2020 Insiders are making a significant commitment of $200 million of the $600 million PIPE. This $200 million commitment includes $100 million from Chamath Palihapitiya, Founder and CEO of SCH, $58 million from Hedosophia, with the remainder invested by existing Opendoor shareholders, Access Industries and Lennar, along with Opendoor management
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May 14, 2020 Access Industries led the financing, which included participation from Andresseen Horowitz (a16z). In a written statement, Access Industries Managing Director Pueo Keffer said his firm remains “extremely impressed” with DigitalOcean and its management. “[We] believe that both are well positioned to transform the cloud space for developers and SMBs in the years … Continued
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May 14, 2020 DigitalOcean, the cloud for developing modern apps, today announced it has closed a $50 million Series C funding round led by Access Industries, with participation from Andreessen Horowitz (a16z). “We are excited about this investment to support DigitalOcean as it enters its next phase of significant growth,” said Pueo Keffer, managing director … Continued
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January 6, 2020 The US challenger bank Chime quadrupled its valuation over the past nine months, and investors still offered it about $1.8bn when it decided to raise $500m in December, according to one person with direct knowledge of the process. “The momentum of the business is very strong,” said David Yang, an investor at … Continued
MoreForbes
December 5, 2019 Chime, the digital bank, now boasts a valuation of $5.8 billion, after raising $500 million in a fresh round of fundraising. Among the leaders in this new crop of mobile and digital-only banks, Chime had a valuation of $1.5 billion back in March when it raised $200 million in funding.
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September 9, 2019 Pinduoduo draws shoppers outside China’s big cities with low-priced goods. It trails only Alibaba in number of users, and has a larger market cap than eBay. Its 366 million monthly active users trail only Alibaba, outranking better-known rivals such as JD.com. Last month, Pinduoduo reported that second-quarter revenue had more than doubled … Continued
MorePR Newswire
September 5, 2019 Opendoor, the nation’s fastest-growing online real estate marketplace that’s simplifying the way people buy and sell homes, announced today that it has acquired OS National, LLC (OSN), a national title and escrow company that has been one of Opendoor’s trusted partners since 2016. OSN will join Opendoor as a wholly-owned subsidiary.
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July 11, 2019 Opendoor and Redfin, two of the nation’s largest technology-powered real estate companies, today announced home sellers in Phoenix and Atlanta can now request an Opendoor offer through Redfin’s site and mobile apps. By coming together, Opendoor and Redfin are giving homeowners more options for selling their home in a simple and convenient … Continued
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June 19, 2019 Business-to-business (B2B) auto parts trading platform Haoqipei today closed US $60 million in Series D financing to continue its rapid growth across China. Access Technology Ventures led the round, adding David Yang to the Haoqipei Board of Directors. Additional participants in the financing included existing investors XVC Venture Capital, Jeneration Capital, DCM … Continued
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June 19, 2019 Armed with loads of cash and the latest in machine learning, investors are reshaping the $26 trillion market for U.S. residential real estate, starting in Phoenix, the petri dish for America’s housing experiments. At the edge of the city’s stucco sprawl, a beige, three-bedroom house with a gravel yard sold last month … Continued
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March 20, 2019 Last month, we reported that Opendoor — the startup that is taking on the real estate industry with its own platform for buying up homes and selling them on to interested buyers — filed to raise $200 million on a $3.7 billion valuation. Now, we can confirm that the round has closed, … Continued
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January 7, 2019 Chinese business to business (B2B) auto parts trading platform Haoqipei announced today that it has secured a US$60 million series C round of financing led by venture capitalist DCM Ventures and Hong Kong-based investor Jeneration Capital.
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December 12, 2018 Tencent Music Entertainment Group popped in its debut on the public markets Wednesday, closing the day up 9.2 percent at $14.19 per share.
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September 27, 2018 Leading online real estate marketplace has now raised more than $1B in equity and $2B in debt financing to build a technology platform for instant home buying, selling and trading-in
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July 26, 2018 HONG KONG—A three-year-old Chinese internet startup earned a $33 billion market valuation in its trading debut in New York, drawing high investor demand ahead of a string of larger internet IPOs from the country in the coming months.
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July 8, 2018 Tencent Holdings Ltd.’s plan to spin off its online-music business and list shares in the U.S. is the latest sign that the long-beleaguered recording industry is staging a comeback.
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June 20, 2018 Former Citrix CEO Mark Templeton has a new job. He’s taking over as chief of DigitalOcean, a trendy start-up that prioritizes developers and teams as it offers cloud infrastructure for hosting applications.
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June 13, 2018 Shares of Dutch fintech firm and PayPal rival Adyen surged nearly 90 percent on their first day of trade Wednesday in Amsterdam, in what is one of Europe’s biggest technology initial public offerings (IPO) in recent times.
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June 13, 2018 Opendoor, a startup that uses computer algorithms to buy and sell homes, has closed a new fundraising round in a bid to supercharge growth.
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June 7, 2018 SHANGHAI/BEIJING (Reuters) – Ant Financial Services Group, operator of China’s biggest online payment platform, on Friday said it raised around $14 billion in what market watchers called the biggest-ever single fundraising globally by a private company.
MoreFortune
April 23, 2018 Can’t get enough of online music-streaming services’ IPOs? Well, in the wake of Spotify’s offering earlier this month, another one is probably on the way: that of Chinese rival Tencent Music.
MoreThe Economist
April 4, 2018 WHEN Spotify, a music-streaming service, went public on April 3rd, its founder, Daniel Ek, rang no bells on the trading floor of the New York Stock Exchange. Rather than the “pomp and circumstance” of an initial public offering, the Swedish firm, which is widely credited with turning round the fortunes of the … Continued
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April 2, 2018 Alibaba Group Holding Ltd. is buying full control of the startup Ele.me as it steps up efforts to expand in China’s fast-growing market for local delivery of food and other services.
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March 19, 2018 Alibaba is increasing its control of Lazada, its e-commerce marketplace in Southeast Asia it acquired control of in 2016, after it injected another $2 billion into the business and replaced its CEO with a long-standing Alibaba executive.
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March 12, 2018 Spotify has finally filed to go public, and in doing so the Swedish company has shed light on another huge music company that has been tipped for IPO — Tencent Music — which is now valued at over $12 billion.
MoreThe New York Times
February 28, 2018 Spotify has already won over the music industry, and listeners worldwide, with an online streaming service that makes millions of songs instantly available. Now, it is ready to test its business model on Wall Street.
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January 26, 2018 Lennar Corp. builds homes with 2-by-4s and nail guns. Opendoor uses computer algorithms to buy and sell them. For the past year, the companies have been testing a way to make it easier for Lennar’s customers to offload their houses and trade up to new ones.
MoreThe Real Deal
January 24, 2018 Funds will help expand Opendoor footprint and “trade-in” partnership with Lennar. A San Francisco-based startup that helps people sell their old homes and simultaneously moves into new ones is partnering with Miami-based homebuilder Lennar Corp., and amassing real estate funding to more than double its footprint nationwide this year.
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