Posts Tagged ‘unicorn’

Fintech start-up TransferWise reports second year of profit, revenue almost doubles

TransferWise, one of Europe’s largest fintech start-ups, reported an annual post-tax net profit of £6.2 million ($8 million) for the fiscal year ending March 2018. Annual revenue nearly doubled to £117 million during the period, from £66 million the previous year. Operating profit came in at £9.5 million following a loss of £519,000 last year. TransferWise […]

A new unicorn is born: Root Insurance raises $100 million for a $1 billion valuation

Root Insurance, an Ohio-based car insurance startup with a tech twist, has raised $100 million in a Series D funding round led by Tiger Global Management, pushing the company’s valuation to $1 billion. Redpoint Ventures, Ribbit Capital and Scale Venture Partners all participated as follow-on investors in this latest round. Root provides car insurance to drivers. […]

Global Unicorn Exits Hit Multi-Year High In 2018

The grand tally of 2018 exits provides a clear counterpoint to skeptics, who questioned whether fast-growing unicorn populations and valuations would hold up with acquirers and public market investors. It appears prices are keeping up nicely. The vast majority of U.S. unicorn exits this year, for instance, were close to or above private market valuations. […]

VCs Are On Track To Make 2018 A Record Year For Unicorns

Unicorns are not zoo animals. If they were, someone might have put up a “No Feeding” sign. In the first seven months of 2018, investors put $73 billion into rounds for private venture-backed companies valued at $1 billion or more. That’s about three-fourths of the total for all of 2017, last tallied at $98 billion. Unicorn-related […]

The only thing mythical about unicorns these days is their valuation

These days, it does not take much money to claim a US$1 billion valuation – under US$200 million in some cases. Nor do you have to be a leading edge or disruptive tech company. Many unicorns, especially those in China, are simply smartphone apps applied to businesses that have been around for decades. Who determines the […]

Crowdcube Touts 19X Returns Generated by Early Investors in Revolut

Long before Revolut became one of the best known names in the digital banking world, Revolut was raising early stage funding on crowdfunding platforms. Their first offering listed on Crowdcube back in July of 2016. Revolut went on to use competitor Seedrs for subsequent rounds but for the investors that decided to speculate on Revolut’s […]

Formlabs Becomes Unicorn with $15m Funding Round

Massachusetts-based 3D printing company Formlabs is the latest tech startup to join the unicorn crowd, with the news it has raised $15 million. The injection is the Greater Boston-based firm’s sixth since it was founded as a Kickstarter project in 2012, and brings total funding to $103.7m. More attention-grabbingly, the round places Formlabs’ valuation at […]

Freshworks raises $100 million, becomes India’s newest unicorn

Customer engagement software maker Freshworks has secured $100 million in a series G financing round that values it at about $1.5 billion, making it India’s latest unicorn. The infusion, led by Sequoia and Accel Partners, will be used to expand Freshworks’ global footprint as well as continue investment in its integrated Software-as-a-Service platform. Freshworks has more than […]

Crypto Unicorn Hunters: The VC Firms Behind Billion-Dollar Crypto Startups

The ranks of “unicorn” companies have been infiltrated by a growing roster of crypto organizations that are dramatically rising in value. While the lineup of crypto unicorns are widely-known, the VC firms backing them are quietly positioning themselves to gain the most from the cryptocurrency revolution. There are currently over 27 fintech unicorns worldwide. Recent […]

Chinese Luckin Coffee Raises $200M Series A Round From GIC At Unicorn Valuation

Beijing-based on-demand coffee delivery service start-up Luckin Coffee has completed US$200 million series A round of financing from Singapore’s sovereign wealth fund GIC, China’s Legend Capital, Joy Capital, and Centurium Capital. This fundraising round values Luckin Coffee at US$1 billion, reaching a unicorn valuation. According to International Coffee Organization’s report, China’s coffee consumption in 2015 […]