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.

Pay-per-mile car insurance provider Metromile is heading to public markets via SPAC

Pay-per-mile car insurance provider Metromile is heading to public markets via SPAC

Metromile, the pay-per-mile auto insurer that previously this year laid off a third of its staff due to economic unpredictabilities caused by COVID-19, is taking the SPAC path to the general public markets. The company, which was founded in 2011 and is led by CEO Dan Preston, said it has actually reached a merger agreement with special […] Metromile is credited for disrupting some of the inefficiencies of the car insurance coverage organization model, notably how customers are charged. Metromile ended up laying off about 100 individuals as it intended to pare back its labor force.”Throughout these times of financial hardship, joblessness and work from house, Metromile offers an important insurance coverage option,” Cuban stated. Metromile has actually hired back personnel and returned staff members that it placed on furlough this spring. …

Investors consisting of Microsoft’s climate fund back hyperlocal environmental tracking tech developer Aclima

Investors consisting of Microsoft’s climate fund back hyperlocal environmental tracking tech developer Aclima

Mitigating the results of climate change and pollution is a global problem, but it’s one that requires regional options. While that appears like good sense, many communities worldwide do not have tools that can keep track of emissions and pollutants at the granular levels they require to develop strategies that can address these pollutants. Aclima, a […] Image Credits: Getty Images under a license.”The interconnected crises of environment change, public health and environmental justice urgently require long lasting services,” said Herzl, in a statement.”They are the clear category leader in an important and emerging field of information and requirements at the intersection of environment, public health and the economy,” Ahn stated in a statement.”We developed our Environment Innovation Fund previously this year to speed up the development of ecological sustainability solutions based on the finest offered science,” stated Brandon Middaugh, director, Environment Innovation Fund, Microsoft, in a statement. …

Juggle protects $2.1 M to broaden its ‘flexible work’ SaaS market for senior officers

Juggle protects $2.1 M to broaden its ‘flexible work’ SaaS market for senior officers

As we’ve seen, some start-ups are rotating to re-model themselves for the significantly different world of the COVID-19 pandemic. Others actually turned out to have a company design which, although they might never ever have actually realized it at the time, may have been (practically) tailor-made for this era. An interesting example of this is SaaS […] Originally designed as a marketplace to permit executive-level ladies to return to the world of work in a flexible manner after having a family, it later on expanded into a larger market for anybody wanting to work flexibly and for companies who require that kind of workforce. Flexibility at work can cover the time someone works, the pattern or the location, such as a job share. Manage also provides “clever matching” and the essential paperwork to enable for these versatile functions., a core objective for Juggle, she stated, is to see females in 50% of business leadership roles by 2027. Now as more employees and companies look at versatile working arrangements, Juggle is perfectly poised to help match companies with the ideal talent and supply its comprehensive knowledge to make a success of versatile work….

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….