Tag: Fundings & Exits
Saving, not spending, is the new hotness in fintech
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Yesterday news broke that Robinhood is on the hunt for new capital at a roughly flat valuation, per friend of the blog Katie Roof. If you are a bit confused…
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Autofleet raises $7.5M to help fleets put idle vehicles into drive
On-demand mobility, when done successfully, strikes a balance between demand and supply while providing reliable service and making a profit. It’s a sweet spot that can be difficult, if not impossible, to find. Autofleet, a startup that develops fleet optimization software to redirect underused vehicles into ride-hailing and delivery services,…
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Changing policy, Y Combinator cuts its pro rata stake and makes investments case-by-case
In a message posted to its internal communications channel earlier this week, the massive startup accelerator Y Combinator said it will change the terms of its own PPP (the YC pro rata investment program) and investing in companies raising seed and Series A rounds on a case-by-case basis. The company…
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As COVID-19 pummels global economy, 8 new companies join the $100M ARR club
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. This morning we’re adding a number of companies to the $100 million ARR club, a collection of private companies that have reached material scale. Over time, this series has gone…
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Sprout.ai raises $2.5M to speed up insurance claims
Sprout.ai, an insurtech incubated at London’s Imperial College that is applying AI to insurance claims,, has raised $2.5 million in additional seed funding. Leading the round is Amadeus Capital Partners, with participation from Playfair Capital, and Techstars. Founded in 2018, Sprout.ai has developed AI-based software that it says enables insurance…
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Taxfix raises $65 million for its mobile tax filing app
Berlin-based startup Taxfix has raised a $65 million Series C funding round. Index Ventures is leading the round with Neil Rimer joining the board. The company started its fundraising process before the coronavirus process and managed to sign all contracts a few days ago. As the name suggests, Taxfix thinks…
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