Private equity deals, funding rounds and, eventually, the move to becoming a publicly listed company can be a rollercoaster. There can be highs, lows, and plateaus, but the ultimate goal for all concerned is to take investments and use them to create a thriving business. Sometimes that happens, sometimes it doesn’t. That’s the nature of… Continue reading The Ups and Downs of Funding: Why You Should be Willing to Change Your Mind
Category: Tech News
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Perform Raises $1.2M in Funding
Perform Founding Advisor Meb Keflezighi Perform, a San Francisco, CA-based startup that helps runners reach their goals with a personal running coach and smart training app, raised $1.2M in funding. The round was led by defy.vc, with participation from Techstars, the Chief Product Officer of Calm, the former Chief Product Officer of Uber, the co-founder… Continue reading Perform Raises $1.2M in Funding
Tesla dominates charging experience satisfaction, and that’s a problem now that it’s going public
Tesla is dominating the charging experience satisfaction among EV owners, and it’s going to be a problem for charging network operators now that Supercharger is going public. This is a problem that needs to be put in perspective since most electric car charging happens at home. Therefore, public charging issues mainly affect only a small… Continue reading Tesla dominates charging experience satisfaction, and that’s a problem now that it’s going public
Indonesia investigating alleged data breaches at state-owned telecom firmsCommunications ministry has summoned representatives from Telkom and PLN
Indonesia is investigating alleged personal data breaches at state-owned telecoms firm PT Telkom Indonesia’s internet service IndiHome and state utility PT Perusahaan Listrik Negara (PLN), its communications ministry said on Sunday. Semuel Abrijani Pangerapan, a senior communications ministry official, said in a statement the ministry had summoned representatives from Telkom and PLN and had sent… Continue reading Indonesia investigating alleged data breaches at state-owned telecom firmsCommunications ministry has summoned representatives from Telkom and PLN
Australia embarks on stocktake of crypto holdings ahead of sector regulation
Australia said on Monday it would do a virtual stocktake of the country’s cryptocurrency holdings, the first signal from the new centre-left government that it plans to regulate the $1 trillion sector. Treasurer Jim Chalmers said that his department would undertake “token mapping”, or cataloging the types and uses of digital currency owned within the country, as a… Continue reading Australia embarks on stocktake of crypto holdings ahead of sector regulation
CVC in talks to sell stake in top Indonesian snacks maker GarudaFood
Private equity firm CVC Capital Partners is in talks to sell its 20% stake worth about $270 million in Indonesia’s top snack-food producer GarudaFood Putra Putri Jaya, sources familiar with the matter told Reuters. CVC has engaged a financial adviser for the negotiations, said the sources. One of the sources said the talks were still at an early stage, and another source said a deal could fetch as much as $300… Continue reading CVC in talks to sell stake in top Indonesian snacks maker GarudaFood
Gulf buy now, pay later firm Tamara says it raised $100 million
Gulf buy now, pay later (BNPL) firm Tamara said on Monday it raised $100 million in a second round of fundraising from investors including Sanabil Investments, which is owned by Saudi Arabia’s sovereign wealth fund PIF. The series ‘B’ funding would support the Saudi-based startup to expand into new markets, and introduce new services and products. It did… Continue reading Gulf buy now, pay later firm Tamara says it raised $100 million
China’s Winreal Investment holds first close of new RMB fund at nearly $150m
China’s Winreal Investment has held the first closing of a new RMB-denominated fund at 1.3 billion yuan ($149.5 million) as the investment company targets a hard cap of no more than 2 billion yuan ($293 million) to invest in 5G development. As the second of its 5G fund series, Winreal already completed the business registration… Continue reading China’s Winreal Investment holds first close of new RMB fund at nearly $150m
SoftBank-backed Socar, South Korea’s largest car-sharing startup, tumbles on market debut
Socar, South Korea’s largest car-sharing startup, tumbled in its Seoul stock market debut Monday even after pricing shares below the bottom end of a marketed range. Shares of Socar rose 1.25% from its IPO price of 28,000 won ($21.10) in the initial minutes of the debut, before tumbling to 26,300 won and giving the firm… Continue reading SoftBank-backed Socar, South Korea’s largest car-sharing startup, tumbles on market debut
Human drivers in UK won’t be liable for accidents when vehicle is self-driving
Manufacturers operating self-driving vehicles in the UK will be liable for a vehicle’s actions when in autonomous mode, according to the country’s new roadmap to achieve a widespread rollout of self-driving vehicles by 2025. The British government unveiled the roadmap over the weekend, announcing $119 million in funding for AV projects and an additional $41… Continue reading Human drivers in UK won’t be liable for accidents when vehicle is self-driving