Category: Funding
Magic Leap has apparently raised another $350 million, in spite of itself
Magic Leap has reportedly received a $350 million lifeline, a month after slashing 1,000 jobs and dropping its consumer business. Noted by Business Insider and confirmed by The Information, CEO Rony Abovitz sent a note to staff announcing the funding, courtesy of unnamed current and new investors. The who —…
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Chief, the leadership network for women, raises $15 million in funding
Chief, the social network dedicated exclusively to women in professional leadership positions, announced today that it has $15 million in funding from its existing investors, including General Catalyst, Inspired Capital, GGV Capital, Primary Venture Partners, Flybridge Capital and BoxGroup. The startup is a highly-vetted network of women who are leaders…
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Automattic pumps $4.6M into New Vector to help grow Matrix, an open, decentralized comms ecosystem
Automattic, the open source force behind WordPress .com, WooCommerce, Longreads, Simplenote and Tumblr, has made a $4.6M strategic investment into New Vector — the creators of an open, decentralized communications standard called Matrix. They also develop a Slack rival (Riot) which runs on Matrix. The investment by Automattic, which is at…
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General Atlantic to invest $870M in India’s Reliance Jio Platforms
Mukesh Ambani’s Jio Platforms has agreed to sell 1.34% stake to General Atlantic, the latest in a series of deals the top Indian telecom operator has secured in recent weeks. On Sunday, New York-headquartered private equity firm General Atlantic said it would invest $869.8 million in the Indian telecom operator,…
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Some investors turn to cutting fully remote checks while sheltering in place
By March 16, founder Janine Yancey was tired of playing the waiting game. After watching the stock market take yet another unprecedented nosedive due to coronavirus, she called up a potential investor. “If this isn’t going to happen, let’s call it now,” Yancey said, referring to the close of her…
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Mozilla goes full incubator with ‘Fix The Internet’ startup lab and early stage investments
After testing the waters this spring with its incubator-esque MVP Lab, Mozilla is doubling down on the effort with a formal program dangling $75,000 investments in front of early stage companies. The focus on “a better society” and the company’s open-source clout should help differentiate it from the other options…
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