Funding

The debt ceiling has become a central point of contention in Washington this week, disrupting year-end government funding talks that were resolved early Saturday. What Happened: President-elect Donald Trump has called for either raising or completely eliminating the borrowing limit, a move that...

Popular cryptocurrency-based betting platform Polymarket, which has gained prominence this U.S. election season, might be gearing up to launch its own token. What happened: The so-called decentralized prediction platform was in talks to raise $50 million in fresh funding, tech-focused publication...

AI startup Anysphere is raising a new funding round, with a valuation of at least $400 million, backed by A16z. What Happened: Anysphere, the creator of an AI code editor named Cursor, is in the process of raising funds. The valuation of this round is a significant jump from the previous one,...

Masayoshi Son‘s SoftBank Group (OTC:SFTBY) is reportedly in talks with banks to secure loans for energy-related projects. The projects are estimated to be worth up to $10 billion. What Happened: A person with direct knowledge of the matter said that the group could raise the required capital...

In a strategic move to bolster its U.S. presence, SoftBank-backed global business travel management platform, TravelPerk, has acquired American industry leader AmTrav. What Happened: According to a press release by TravelPerk on Tuesday, the Barcelona-based firm has bought Chicago-based AmTrav, a...

In a recent development, four European tech firms have been selected as the first beneficiaries of the €1 billion ($1.1 billion) innovation fund set up by a consortium of NATO allies. What Happened: The NATO Innovation Fund (NIF) was initiated in 2022 in response to Russia’s aggression...

Elon Musk‘s artificial intelligence startup, xAI Corp., is reportedly in talks to raise a substantial amount of funding, potentially up to $4 billion. What Happened: xAI is currently in discussions with potential investors and this proposed funding round could see the company’s...

Crypto social startup Sleek raised a fresh round of capital. What Happened The company announced a $5 million seed round, taking its total valuation to $50 million. The funding was realized through an agreement for future tokens (SAFT), The Block reported citing Sleek co-founder Tania Tse. Binance...

Blockchain-based wholesale payments firm Fnality raised $95.09 million in its second round of funding. What Happened: The funding is backed by Goldman Sachs Group Inc. (NYSE: GS) and BNP Paribas (OTCMKTS: BNPQY), Reuters reported. It also saw participation from settlement houses DTCC and...

Web3 security company Blockaid secured venture capital. What Happened: The Tel Aviv-based startup raised $27 million in Series A funding led by Coinbase investor Ribbit Capital and early-stage venture capital firm Variant. Cyberstarts, Sequoia Capital, and Greylock Partners reportedly participated...

Nexusflow raised $10.6 million as part of a seed round led by Point72 Ventures, with participation from Fusion Fund and several artificial intelligence (AI) luminaries. The startup was formed by AI experts Jiantao Jiao and Kurt Keutzer from the Berkeley AI Research Lab, along with AI leader Jian...

Stampli, a key provider in accounts payable automation, received $61 million in its Series D venture funding round. Blackstone (NYSE: BX) managed funds led the effort alongside other contributions from Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital. Founded in 2015, Stampli saw...

Two cannabis giants each closed their respective funding deals on Tuesday. Canadian Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) closed its previously announced bought deal offering of 53,187,500 common shares of the company at CA$0.73 per offered security for aggregate gross proceeds to...

Alumni from several crypto and fintech companies launched Singapore-based Oak Grove Ventures, a $60 million fund that focuses on the intersection of biotech, Web3 and artificial intelligence (AI). Among those involved are Sally Wang, formerly of Sino Global Capital (now Ryze Labs); Ethan Wang,...

Ant Group, a Jack Ma-founded affiliate company of Chinese tech giant Alibaba (NASDAQ: BABA), is withdrawing its investment from crypto-focused A&T Capital. A&T Capital was formed in 2021 with the majority of backing, roughly $100 million, from Ant Group. The company’s focus was to...