Posts Tagged ‘unicorn’

Trendy challenger bank Monzo is Britain’s latest unicorn startup

Banking startup Monzo became the latest UK firm to reach coveted unicorn status after a secured a £85 million funding round, giving it a valuation of £1 billion (or $1.3 billion). In total, the company has raised almost £192 million from a swathe of top-tier investors, including Stripe, Accel Ventures, and General Catalyst. Monzo plans to use […]

The World’s Most Valuable Startup Is a Company You’ve Probably Never Heard of

In a fourth-quarter upset, China’s Bytedance has overtaken Uber as the world’s most valuable startup. After closing a $3 billion funding round led by Japan’s SoftBank group, Bytedance has reached a reported $75 billion valuation. Its closest competition, Uber Technologies, falls $3 billion short of that benchmark, according to CB Insights, a tech market intelligence platform. […]

Brex Seals $125M Round For Unicorn Valuation

Business credit card startup Brex closed a $125 million Series C funding round, valuing the company at $1.1 billion just a little over three months after launch. The funding, led by Greenoaks Capital, DST Global and IVP, will be used to enhance its existing feature set, with plans to launch a rewards program in the coming […]

Coinbase Partnership with Tiger Global Pushes the Company’s Value to $8 Billion

Leading cryptocurrency exchange Coinbase is in the final stages of closing an investment deal from Tiger Global worth $500 million, which could usher the company’s value to nearly $8 billion. If finalized, the partnership with Tiger Global will make Coinbase one of the highest-valued startups in the US. Coinbase is expected to put half of these […]

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 […]