Month: September 2021

Canadian neobank Neo Financial raises ~$50M Series B led by Valar Ventures, bringing its total funding to ~$90M (Meagan Simpson/BetaKit)

Meagan Simpson / BetaKit: Canadian neobank Neo Financial raises ~$50M Series B led by Valar Ventures, bringing its total funding to ~$90M  —  Having secured new equity capital from a notable group of investors, Neo Financial is furthering its push to become a full-stack digital bank to compete with Canada’s financial giants.

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Berlin-based online language learning company Babbel seeks to raise as much as €316M in a Frankfurt IPO, pricing shares at €24 to €28, valuing it up to €1.27B (Ivan Levingston/Bloomberg)

Ivan Levingston / Bloomberg: Berlin-based online language learning company Babbel seeks to raise as much as €316M in a Frankfurt IPO, pricing shares at €24 to €28, valuing it up to €1.27B  —  – Demand for learning platforms during pandemic boosts sales  — U.S. rival Duolingo’s shares have soared since IPO this year

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Dutch startup Sendcloud, which offers cloud-based tools for retailers to manage shipping services, raises $177M Series C led by SoftBank Vision Fund 2 (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch: Dutch startup Sendcloud, which offers cloud-based tools for retailers to manage shipping services, raises $177M Series C led by SoftBank Vision Fund 2  —  E-commerce has undoubtedly seen a huge boost in growth in the last year and a half of Covid-19 living, with people turning to the web …

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Snap hires Jacqueline Beauchere, the chief online safety officer at Microsoft, to be its first global head of platform safety (Sara Fischer/Axios)

Sara Fischer / Axios: Snap hires Jacqueline Beauchere, the chief online safety officer at Microsoft, to be its first global head of platform safety  —  Snap Inc. has hired Jacqueline Beauchere, the current Chief Online Safety Officer at Microsoft, to be its first-ever Global Head of Platform Safety, a spokesperson tells Axios.

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Utah-based Zonos, which offers APIs to calculate the costs of cross-border commerce, raises $69M Series A led by Silversmith Capital Partners (Christine Hall/TechCrunch)

Christine Hall / TechCrunch: Utah-based Zonos, which offers APIs to calculate the costs of cross-border commerce, raises $69M Series A led by Silversmith Capital Partners  —  Cross-border commerce company Zonos raised $69 million in a Series A, led by Silversmith Capital Partners, to continue building its APIs …

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Enrollment algorithms used by colleges intentionally reduce scholarships and may lead to crises of student loan debt, college dropout, and racial inequity (Alex Engler/Tech Policy Press)

Alex Engler / Tech Policy Press: Enrollment algorithms used by colleges intentionally reduce scholarships and may lead to crises of student loan debt, college dropout, and racial inequity  —  As colleges look for any advantage in the fierce competition to enroll students, hundreds of institutions have turned to algorithms …

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Book excerpt examines Peter Thiel’s support for Trump and partnership with Steve Bannon, libertarian ideology, battles with the IRS, and founding of Palantir (Max Chafkin/Bloomberg)

Max Chafkin / Bloomberg: Book excerpt examines Peter Thiel’s support for Trump and partnership with Steve Bannon, libertarian ideology, battles with the IRS, and founding of Palantir  —  In an exclusive excerpt from The Contrarian, a new biography, the disruption-preaching power broker is revealed …

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