Business : Reddit is raising $700 million?

Reddit (American social news aggregation) is raising as much as $700 million in a new funding, that values the social media site at $10 billion.

The latest raise, led by Fidelity Investments, follows on the heels of a $500 million financing in February that had valued it at $6.5 billion. In other news, higher education platform Eruditus raised $650 million in a new round backed by Accel and SoftBank Vision Fund II at a valuation of $3.2 billion.

More Updates: 

We take a look at which American universities graduated the highest number of recently funded female startup founders. The top three schools on the list may not come as a huge surprise, as they’re the same universities that tend to be popular with funded startup founders overall.

A global pandemic, ripe market conditions, and more available private capital have led to an increase in funding for gaming startups, and some notable exits over the past year or so. Venture-backed companies in the gaming space have raised nearly $5.9 billion in funding this year, already surpassing the total raised by gaming companies in 2020 and 2019.

This year is shaping up as a bountiful one for cannabis startup exits. Upstart cannabis cultivators, distributors and retailers can select from a cornucopia of angel, venture and private equity investors. Stock exchanges are eagerly adding their listings. And, if a traditional IPO seems too hard, an overflowing pipeline of blank-check acquirers offer a faster, easier path to market.

Electric vehicles may be cleaner and greener than their fossil fuel-guzzling counterparts. But for environmentalists and automakers alike, EV and battery makers still fall short on the sustainability front. In particular, reliance on rare earth elements and rare metal extraction remains a pressing concern. Lately, it looks like startups addressing these issues are generating stepped-up interest from investors.

Sales intelligence data can help sales teams automate research and customize outreach to book more meetings with qualified prospects. In this article, find everything you need to know about sales intelligence, including what it is, where it comes from, and which tools can help you close more deals.

Source : Cruchbase