in the news

PR Newswire

Zhihu Inc. Announces Pricing of Initial Public Offering

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

More

Bloomberg

Blavatnik-Backed DigitalOcean Raises About $775 Million in IPO

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

More

Reuters

Crypto wallet Blockchain.com raises $120 mln in latest funding round

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

More

GlobeNewswire

Archer, A Leading Urban Air Mobility Company, To List On NYSE Through Merger With Atlas Crest Investment Corp

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

More

CNBC

Tiktok rival Kuaishou surges 160% in $5.3 billion Hong Kong debut

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

More

The Real Deal

Here are the big winners from Opendoor’s IPO

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

More

The Real Deal

Opendoor valuation soars to $18B ahead of IPO

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

More

TechCrunch

PingCAP, the open-source developer behind TiDB, closes $270 million Series D

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

More

CNBC

Chime is now worth $14.5 billion, surging past Robinhood as the most valuable U.S. consumer fintech

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

More

CNBC

Palihapitiya finds next ’10x idea’ with $4.8 billion SPAC deal for real estate start-up Opendoor

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

More

Business Wire

Opendoor, a Leading Digital Platform for Residential Real Estate, Announces Plans to Become Publicly-traded via Merger with Social Capital Hedosophia

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

More

Crunchbase

New York’s Newest Unicorn: DigitalOcean Raises $50M At $1.15B Valuation

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

More

GlobeNewswire

DigitalOcean Announces $50 Million in New Funding from Existing Investors Access Industries and Andreessen Horowitz

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

More

Financial Times

US investors throwing money at hottest start-ups

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

More

Forbes

Digital Bank Chime Now Has A Valuation Of $5.8 Billion

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.

More

Wired

China Has an Ecommerce Giant You’ve Never Heard Of

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

More

PR Newswire

Opendoor Acquires Title and Escrow Company OS National

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.

More

PR Newswire

Opendoor and Redfin Partner to Provide More Options to Home Sellers

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

More

PR Newswire

Haoqipei Secures US $60 Million in Series D Funding to Further Accelerate Growth of its Online B2B Auto Parts Marketplace

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

More

The Wall Street Journal

The Future of Housing Rises in Phoenix

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

More

TechCrunch

Opendoor raises $300M on a $3.8B valuation for its home marketplace

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

More

The Economist

Spotify makes its stockmarket debut

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

More

The New York Times

Spotify Files to Go Public on the New York Stock Exchange

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.

More

The Real Deal

Opendoor raises $135M from Lennar Corp. and Fifth Wall fund for expansion

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.

More

Business Wire

Access Technology Ventures Leads $300 Million Investment Round for Essential Products Inc.

August 9, 2017 NEW YORK–(BUSINESS WIRE)–Access Technology Ventures, the venture capital and growth technology investment arm of privately held industrial group Access Industries, today announced its leading $100 million investment in the $300 million funding of Essential Products Inc., the smartphone maker founded by Andy Rubin, the creator of Android.

More

The New York Times

Amazon to Buy Whole Foods for $13.4 Billion

June 16, 2017 Amazon agreed to buy the upscale grocery chain Whole Foods for $13.4 billion, in a deal that will instantly transform the company that pioneered online shopping into a merchant with physical outposts in hundreds of neighborhoods across the country.

More

Wall Street Journal

Snapchat Parent Snap Inc. Files for IPO

February 2, 2017 Snap Inc. lifted the veil on its highly anticipated initial public offering, revealing a business that is growing at a torrid clip but that also faces challenges keeping users engaged, attracting new ones—and justifying a valuation that could reach $25 billion.

More

The New York Times

While We Weren’t Looking, Snapchat Revolutionized Social Networks

November 30, 2016 Snap Inc., the parent company of the popular photo-messaging and storytelling app Snapchat, is having a productive autumn. A couple of weeks ago, Snap filed confidential documents for a coming stock offering that could value the firm at $30 billion, which would make it one of the largest initial public offerings in … Continued

More

Billboard

Back in Black: Spotify UK Revenues Climb on Subscription Growth

October 14, 2016 The U.K. arm of Spotify bounced back into profitability last year, fueled by strong growth in subscription sales. According to the company’s latest set of financial results, which cover the year 2015, total revenues climbed to £187 million ($228 million), up from £159 million ($194 million) the previous year.

More