Posts Tagged ‘unicorn’

Here Is Where CEOs Of Heavily Funded Startups Went To School

Crunchbase News looked at CEOs of U.S. companies funded in the past three years that have raised at least $100 million in total venture financing. The intent was to see whether educational backgrounds of unicorn and near-unicorn leaders differ markedly from the broad startup CEO population. The analysis showed that most CEOs of well-funded startups do […]

London-based fintech unicorn Revolut adds the Cryptocurrencies Bitcoin Cash and XRP to its app

In December 2017, Revolut launched a feature that allows its 1.8 million customers to buy, hold and sell cryptocurrencies instantly from within the app. In addition to Bitcoin, Litecoin and Ethereum, Revolut has today added XRP and Bitcoin Cash to its list of growing cryptocurrencies. The addition of XRP and Bitcoin Cash stems from overwhelming demand from the […]

OMA Among Winners of Competition for Unicorn Island Masterplan in China

OMA has been announced as one of four firms to win an international competition for the design of Unicorn Island in Chengdu, an “innovative masterplan specifically designed for New Economy companies.” As China moves from a production-orientated economy to a knowledge and service-based economy, the masterplan seeks to provide a variety of working and living […]

How existing investors doubled down on ThoughtSpot and turned it into a unicorn

A Palo Alto-based AI-driven analytics firm ThoughtSpot wanted to raise only $70 million but ended up with more than double that sum at $145 million. The amount eventually helped the company put itself among a raft of Indian-led unicorns based in the Silicon Valley, with a value of over $1 billion. Interestingly, most of the funding […]

CEO of Singapore’s first blockchain unicorn shares insights on the Asian crypto space

One of the prominent concerns of the blockchain revolution is how different countries are approaching the technology. Some have been hesitant while others have thrown caution to the wind. Asia is unique in this regard, as it has unmatched blockchain ambitions. With this in mind, Tech in Asia writer Joe Liebkind spoke with Patrick Dai, the […]

Huge number of Chinese tech unicorns likely to IPO in Hong Kong in 2018, says JPMorgan Asia-Pacific chief

A huge number of Chinese technology unicorns are likely to launch initial public offerings in Hong Kong in the next 12 to 24 months, which could significantly boost liquidity in its capital market, according to Nicolas Aguzin, chairman and chief executive for Asia-Pacific at JPMorgan. A number of Chinese technology companies have already started talking to […]

Race to $1 bn: Which Indian startup was the fastest to get unicorn status?

Venture capital and private equity investors have pumped billions of dollars into the Indian startup ecosystem over the past few years, producing more than a dozen unicorns in the process. E-commerce venture Paytm Mall became the newest member of the unicorn club when it raised $445 million last month from Japanese behemoth SoftBank and Chinese […]

10 startups that became worth billions in less than 3 years

In the startup world, the odds of a company achieving a valuation of $1 billion or more is considered so slim, it’s named after a mythical beast — the unicorn. In the entire US, there are just 135 private companies that are valued at over a billion dollars or more. Of those, only ten became so-called unicorns […]

Study of 151 Chinese unicorns shows Beijing #1 city for startups

Most Chinese unicorns are located in large Tier 1 cities. Beijing is the outstanding leader with 66 unicorn companies, followed by Shanghai (with “only” 38 of them).  The most common industry in which Chinese unicorn companies operate is Internet services, followed by e-commerce and online finance. A significant amount of unicorns are young companies: 35% of them […]

Revolut is Europe’s newest unicorn after raising $250m

Challenger bank Revolut, which opened a Dublin office last year, has gained unicorn status after raising $250m in funding. The latest investment increases Revolut’s valuation by 500pc in a year to $1.7bn. The Series C round was led by Hong Kong-based DST Global as well as Silicon Valley investors Index Ventures and Ribbit Capital. Revolut is an […]