Mayfield, a Silicon Valley investment giant, has raised two funds totaling almost $1 billion, aimed at early-stage investment. The Menlo Park-based firm announced its $580 million Mayfield XVII and $375 million Mayfield Select III funds. With these funds, Mayfield aims to continue investing in innovative startups with high growth potential. Mayfield XVII Fund The Mayfield XVII fund will primarily be
Venture capitalists have been increasingly investing in startups that have the potential to bring innovation and disruption to their respective markets. April 2022 was no exception, with 16 firms investing in ten or more US-based startups. While several firms have fallen off the investment list this year, Y Combinator and Techstars have emerged as the leading firms investing in startups,
Virtus Data Centres, one of the UK’s leading data centre providers, has announced its plans for its first data centre campus in continental Europe, Virtus Berlin1. This new facility will be located in Marienpark, Berlin and is set to be operational by 2026. The move marks a significant moment for Virtus as it looks to expand its operations across Europe
Ledgebrook, an insurtech based in Boston, has announced that it raised $4.6 million in a recent funding round. This funding will be used to scale the company’s flagship non-admitted GL & Supported Excess product and to support the development of future offerings. Details of the funding round Parker Beauchamp at Markd led the funding round, with participation from Brand Foundry
In the ever-evolving landscape of business and industry, staying ahead of the competition is critical. One of the most significant ways to achieve this is through demand creation. Demand creation is simply the process of creating demand for your product or service rather than waiting for it to come to you naturally. This strategy is especially useful for startups or
Volopay, a financial technology (fintech) start-up, has announced that it has secured in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This marks a significant achievement for the firm’s push to expand its presence in Singapore and strengthens its position in the Asia-Pacific (APAC) region. Payment services under the Payment Services Act The
Pacific West Bank has recently announced its partnership with Unit to offer banking services through embedded finance. As a Benefit Corporation for Good, PWB aims to expand its mission to serve diverse communities by partnering with innovative fintech brands. The partnership with Unit is seen as a natural next step for the bank to increase its positive impact on communities
NCR Corporation, a technology company that provides solutions for industries such as retail, finance, and hospitality, is expanding its partnership with fintech Payfare Inc. to offer self-service financial solutions. This partnership aims to enhance the financial capabilities of gig workers in the United States by providing them with secure and efficient financial services that meet their unique needs. NCR has
Ocho is a financial technology company founded by Ankur Nagpal in 2020. Nagpal is a former founder of Teachable who realized that the company’s debut product was not a venture-backed business in and of itself. Therefore, he pivoted to create Ocho, a brokerage platform that allows people to invest in a variety of exchange-traded funds (ETFs) and stocks, with financial
Clear Street, a New York-based fintech start-up, has raised $270 million in the second tranche of its Series B funding round, bringing the total amount raised to $435 million. With this latest funding, Clear Street’s valuation is now $2 billion. Growth equity firm Prysm Capital led the latest funding round. Clear Street’s funding round Clear Street has raised $270 million
Small businesses have been a vital contributor to the economic development of India for decades. According to the Ministry of Micro, Small, and Medium Enterprises, there are over 63.4 million micro, small, and medium enterprises in India, employing over 110 million people. However, one of the significant challenges faced by these small businesses is obtaining credit from traditional financial institutions.
Axle is a consumer permissioned insurance data company based in Atlanta, Georgia that has raised $4 million in its latest seed funding round. The company’s total funding now sits at $4.5 million. The round was led by Gradient Ventures with contributions from existing investor Y Combinator, Soma Capital, Contrary Capital, Rebel Fund, BLH Ventures, and others. Axle connects individuals’ insurance
