Uber said on Thursday it has never explored exiting India, a key overseas market for several tech giants, dismissing a claim that it has had held discussions to sell the local unit. Bloomberg reported earlier in the day that the San Francisco-headquartered firm had explored selling the India busine…
Accel is rolling out a new, $4 billion late-stage fund, just as certain rivals lose momentum
Accel, the 39-year-old venture firm, just pulled a major power move. It announced, via a simple blog post, that it has just closed a new, global, late-stage fund with $4 billion in capital commitments. The fund, which closed last week, would be notable in any market. It’s a lot of money. But …
Able.ai exits stealth with $20M to help big lenders speed up making high-value loans
Large banks are stepping up their game when it comes to new services and the technology that underpins them, and in many cases they are borrowing straight from the tech world’s playbook: Instead of building in-house, to speed things up, they are tapping third parties that have already found a…
Fountain raises $100M to expand its applicant tracking system
Fountain, a startup developing a cloud-based applicant tracking system for recruiters, has raised $100 million in venture funding to expand its platform internationally.
Meta Pharmaceuticals lands $15M to make autoimmune drugs with AI, new immuno-metabolism tech
Biotech startup Meta Pharmaceuticals sets itself an ambitious goal as it secures its initial investment. The Shenzhen-based company, which sets out to develop treatments for autoimmune diseases with the help of artificial intelligence, has raised $15 million from its seed and pre-A rounds. There is…
Hey everyone, and welcome back to Chain Reaction. Last week, we discussed $4.5 billion in new crypto funds from a16z. This week, we’re talking about the arrest that has everyone in the NFT space sweating bullets. If you want to get this in you inbox every Thursday afternoon, you can subscribe…
Go1 nabs $100M at a $2B+ valuation to upgrade its curated enterprise learning platform
Go1's product is a platform that brings in content from other providers, like Blinkist, Thrive, Skillsoft, Pluralsight and Harvard Business Publishing.
Having a great "ask" slide can reassure investors: It shows a founder wants to raise an amount of money that unlocks the next stage of growth and knows what milestones they need to hit to get there.