The rotten economic environment continues to claim victims: in the last week, Complete Genomics announced cost-cutting measures as its Series D was delayed. Targeted Genetics warned after a $10.8 million loss (double last year’s figure) on $2.2 million in (declining) revenues that it would last les...
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News Commentary | February 26, 2021
This marks Breakthrough Energy Ventures' first investment since announcing its $1 billion fund in January. Venture capital funding for geothermal startups has sharply fallen since its peak in 2010, but Dandelion joins Eavor as the second geothermal startup to raise funding in 2021, with the two ... Not part of subscription
News Commentary | April 08, 2021
Several rounds of rumors had suggested Grab and Gojek were nearing a merger. In a turn of events, Grab, Southeast Asia's largest startup, will likely raise more than $2 billion in funding by going public via the SPAC model through Altimeter. Financing from Ant Financial fell through along with the ... To read more, click here.
News Commentary | June 07, 2021
On the surface, Helix appears to have netted another significant investment, with a $50 million Series C round. Upon closer inspection, however, the amount is much lower than that of its Series A ($100 million) and Series B ($200 million) rounds. There is no indication if this is a down round, as ... Not part of subscription