• Reddit valued at $3 billion after raising $300 million in latest funding round

    4 days ago - By Reuters

    Social media network Reddit Inc said on Monday it raised $300 million in its latest funding round, led by Tencent Holdings Ltd, giving it a market valuation of $3 billion.
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  • Reddit confirms $300M Series D led by China's Tencent at $3B value

    4 days ago - By TechCrunch

    Last week TechCrunch reported that Reddit was raising $150 million from Chinese tech giant Tencent and up to $150 million more in a Series D that would value the company at $2.7 billion pre-money or $3 billion post-money. After no-commenting on our scoop, today Reddit confirmed it's raised $300 million at $3 billion post-money, with $150 million from Tencent.
    The deal makes for an odd pairing between one of the architects of China's Great Firewall of censorship and one of America's most lawless free-speech forums. Some Redditors are already protesting the funding by trying to post content...
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  • Robot delivery startup Nuro raises nearly $1 billion from SoftBank

    Robot delivery startup Nuro raises nearly $1 billion from SoftBank

    4 days ago - By The Verge

    Driverless delivery startup Nuro just got a rocket-fueled boost from SoftBank. The company announced Monday that it has raised $940 million in financing from the Japan's tech company's Vision Fund, an gigantic sum that will help accelerate Nuro's mission to put driverless delivery vehicles on the road en masse.
    It's also a huge vote of confidence for one of the lesser known startups working on self-driving technology. Formed in 2016 by a pair of ex-Google self-driving engineers , Nuro has set itself apart by focusing on food delivery rather than people moving. The startup recently...
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  • Softbank's next bet: $940M into autonomous delivery startup Nuro

    4 days ago - By TechCrunch

    Nuro, the autonomous delivery startup, has raised $940 million in financing from the Softbank Vision Fund, a whopping amount that will be used to expand its delivery service, add new partners, hire employees and scale up its fleet of self-driving bots.
    Nuro has raised more than $1 billion from partners including SoftBank, Greylock Partners and Gaorong Capital.
    “We've spent the last two and a half years building an amazing team, launching our first unmanned service, working with incredible partners and creating technology to fundamentally improve our daily lives,” Nuro co-founder Dave...
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  • Driverless delivery startup Nuro gets $940 million SoftBank investment

    4 days ago - By Reuters

    Autonomous technology startup Nuro said on Monday it raised $940 million from SoftBank Group Corp, which valued the Silicon Valley-based company at $2.7 billion.
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  • Nordic banking app Lunar Way raises €13M

    4 days ago - By TechCrunch

    Lunar Way , the Nordic banking app that's riding new EU regulation to help inject more competition into the region, has raised €13 million in new funding. The round is led by SEED Capital, with participation from Greyhound Capital, Socii Capital and a number of individual investors from the financial services industry.
    It also comes shortly after Lunar Way announced it had attained a PISP payments license, meaning that the fintech can offer a more comprehensive banking feature-set, including making payments out of third-party bank accounts on a user's behalf.
    This, says Lunar Way founder...
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  • Startup Nuro raises $940 million from SoftBank's Vision Fund

    4 days ago - By Reuters

    Autonomous technology startup Nuro said on Monday it has raised $940 million from SoftBank's Vision Fund, which valued the Silicon Valley-based company at $2.7 billion.
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