London-based Fintech unicorn Revolut raised $800 million

London-based Fintech unicorn Revolut raised $800 million

Business/ Technology : London-based fintech unicorn Revolut raised $800 million in a Series E funding round backed by SoftBank Vision Fund and Tiger Global. Meanwhile, Boston-based Teikametrics, a provider of e-commerce optimization software, raised $40 million in a fresh Series B funding round.

More Updates:

Georgia has seen the highest percentage of venture funding going to Black founders of any other state in the country since 2016 at 8.4 percent, per Crunchbase figures. In fact, only California and New York have seen more total dollars go to Black founders than Georgia — which has witnessed $749 million flow to Black founders in the last five-plus years.

On public markets, companies that apply ESG (environmental, social and governance) principles, are seeing sharp growth in investor interest. To partake in that trend, venture capitalists working with companies at an early stage have a special opportunity to help founders get ESG right from the get-go.

Even with a persisting pandemic, investment in Asian startups is off to its best first half start in three years. Although not the dramatic increases in funding seen in some other parts of the world, the numbers show more money is going into fewer deals.

While Black female startup founders have received just 0.34 percent of the total venture capital spent in the U.S. so far this year — a far cry from being representative — the dollars invested in their companies is on the rise, an analysis of Crunchbase data shows.

Source : Crunchbase
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