Author: keentoday

Stripe, the leading company in the digital payments segment, has raised $600 million in its last funding round. It is now valued at a whopping $95 billion, as per reports. Stripe is now the highest-valued private entity that came out of Silicon Valley according to reports. Stripe has already crossed ten years of existence, and is headquartered in Dublin and San Francisco. The latest funding round saw participation from units at AXA SA, Allianz SE, Fidelity Management & Research Co, Baillie Gifford, Sequoia Capital, and the NTMA (National Treasury Management Agency) of Ireland. The funds will be used by the…

Digital Currency Group (DGC) has raised $600 million in a new facility for credit. This is the first foray of the company into the debt-capital space. This comes after a secondary-equity deal of $700 million that pushed the valuation of the company to $10 billion. The Group has holdings including Genesis, CoinDesk, and Grayscale. The Founder & CEO, DCG, Barry Silbert, stated that these funds will enable the company to respond more proactively to new market opportunities. The administrative agent in the credit transaction was Eldridge, while notable entities in the syndicate included several institutional lenders. There were funds managed…

Nuro, a fast-growing company in the autonomous vehicle (AV) segment, has confirmed new funding of $600 million in its Series D round according to sawers venturebeat. It has raised this amount from several leading investors including Google and Tiger Global Management. It has also touched $8.6 billion in valuation, according to reports. This marks a considerable increase from its valuation of $5 billion earlier. Nuro was established in 2016 and is looking at tapping into changing preferences of consumers. The growth trends have been spurred by the coronavirus outbreak, especially in terms of e-commerce experiences. Customers in various areas of…