Pipe, which intends to be the ‘Nasdaq for earnings,’ raises more cash at a $2B evaluation

Pipe, which intends to be the ‘Nasdaq for earnings,’ raises more cash at a $2B evaluation

Fast-growing fintech Pipe has raised another round of financing at a $2 billion valuation, simply weeks after raising $50M in development funding, according to sources acquainted with the deal. The round is still continuous, Pipeline has actually supposedly raised $150 million in a “massively oversubscribed” round led by Baltimore, Md.-based Greenspring Associates. While the company […] The increase in valuation is “a substantial step up” from the company’s last raise. Simply a couple of weeks earlier, Miami-based Pipeline announced a new raise– $50 million in “tactical equity funding” from a multitude of high-profile financiers. In the first quarter of 2021, 10s of millions of dollars were traded across the Pipe platform.

Unpacking Chamath Palihapitiya’s SPAC offers for Latch and Sunshine Financial

Unpacking Chamath Palihapitiya’s SPAC offers for Latch and Sunshine Financial

Latch is an enterprise SaaS business that makes keyless entry systems for structures; Sunshine Financial provides point of sale financing for domestic solar systems. There’s no getting away SPACs for a bit, so if you are tired of seeing blind pools rip private companies into the public markets, you are not going to have an extremely good next couple of months. New York-based Latch offers “LatchOS,” a hardware and software application system that works in structures where gain access to and facilities matter. Up front, Latch is not a company that is just reporting future revenues. Per the deal’s reported terms, Latch will be worth $1.56 billion after the deal. …

A fast peek into Opendoor’s financial outcomes

A fast peek into Opendoor’s financial outcomes

As investing whirlwind Chamath Palihapitiya continues to make headings with his full-court press to take personal tech companies public by means of SPACs while markets are hot, among his targets has divulged monetary info that helps us much better comprehend the deal it is undertaking. Palihapitiya’s Social Capital Hedosophia Holdings Corp. II (a public, blank-check company, or […] Palihapitiya’s Social Capital Hedosophia Holdings Corp. Opendoor frequently buys homes from sellers, later offering them itself. Opendoor’s 2020 outcomes are not excellent. …

Opendoor to go public by way of Chamath Palihapitiya SPAC

Opendoor to go public by way of Chamath Palihapitiya SPAC

Today, Social Capital Hedosophia II, the blank-check company related to investor Chamath Palihapitiya, revealed that it will merge with Opendoor, taking the personal realty startup public in the process. The deal comes throughout a wave of market interest in special function acquisition companies, or SPACs, typically called blank-check business. They exist as openly traded […] , revealed that it will merge with Opendoor, taking the personal genuine estate start-up public in the process., often called blank-check companies. Especially all the money will flow to Opendoor itself, with investors in the company “rolling 100 percent of their equity into the combined business,” per a notification. …

Chamath Palihapitiya’s next big Hustle

Chamath Palihapitiya’s next big Hustle

Chamath Palihapitiya, the founder of Social Capital, does not do
minority investing anymore. He simply buys it outright if he discovers a start-up he likes. The billionaire co-founded Social Capital in 2011, and seven years later, he rotated the investment company into an innovation holding business. The shift wasn’t one that the financiers employed into […]
Hustle is Social Capital’s 3rd acquisition in the past three years. Palihapitiya declined to reveal the names of either financial investment, mentioning competitive advantages in keeping them out of the press for now. He states that investing out of a permanent balance sheet of his own capital lets him finance choices quicker than a conventional endeavor capital firm, which lines up with the financier’s general anti-VC belief. He pointed to Credit Karma and Intuit’s merger that is yet to close. “We’re still waiting for that deal, “Palihapitiya said….