Category: TC
Nium crosses $1B valuation with $200M Riverwood Capital-led round
Business-to-business payments platform Nium announced Monday that it raised more than $200 million in Series D funding and saw its valuation rise above $1 billion. The company, now Singapore-based but shifting to the Bay Area, touted the investment as making it “the first B2B payments unicorn from Southeast Asia.” Riverwood…
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Tesla’s quarterly profit surpasses $1 billion
Tesla reported Monday an eye-popping $1.14 billion in net income in the second quarter, results that blew past analyst expectations and marked the first time the company’s quarterly profit (on a GAAP basis) has passed the three-comma threshold. The results pushed shares up more than 2.2% in after-hours trading. Tesla…
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Polestar to double its retail stores as it seeks to ramp up EV sales
Polestar plans to launch in nine more markets this year, doubling its global presence as it seeks to sell more of its electric sedans. The company, which is the electric performance vehicle brand under Volvo Car Group, said it is also planning to double the number of retail stores to…
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How one founder aims to make money management a mutiplayer game
Aditi Shekar’s path to entrepreneurship was a very intentional one, and while it wasn’t quite a childhood dream, it was the real-world version of the goals she did have as a kid. Fast forward to today, and Aditi’s company Zeta is on a rocket ship ride in fintech, having recently…
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One of Nigeria’s high profile angel investors is launching a fund for African startups
Olumide Soyombo is one of the well-known active angel investors in Nigeria tech startups and Africa at large. Since he began angel investing in 2014, Soyombo has invested in 33 startups, including Stripe-owned Paystack, PiggyVest, and TeamApt. Today, the investor is announcing the launch of Voltron Capital, a Pan-African venture…
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The DL on CockroachDB
As college students at Berkeley, Spencer Kimball and Peter Mattis created a successful open-source graphics program, GIMP, which got the attention of Google. The duo ultimately joined Google, and even personally got kudos from Sergey Brin and Larry Page. Kimball and Mattis quickly rose to prominence within the company, and…
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