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☆ TripActions raises equity at $9.2 bln valuation, gets Coatue's structured financing
▼ + stars: | 2022-10-12 | by ( Krystal Hu | ) www.reuters.com time to read: +2 min

Oct 12 (Reuters) - U.S. corporate travel and expense company TripActions said it raised $304 million from investors in equity and debt-like structured financing on Wednesday, as the company gears up for expansion and a public listing. The company said the funding includes $154 million in equity financing from investors including Andreessen Horowitz and Premji Invest, which valued the startup at $9.2 billion, up from its last round of $7.5 billion. The $150 million structured financing comes from Coatue Management’s new fund targeting late-stage startups as the IPO market remains shut. The company has filed confidentially for an initial public offering (IPO) that could land next year, sources told Reuters. “We are investing for the company to be ready to be a public company."

☆ Australian fintech firm Airwallex raises $100 mln, retains $5.5 bln valuation
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +1 min

Oct 11 (Reuters) - Australian fintech company Airwallex said on Tuesday it raised $100 million in an extension of a funding round, sustaining its $5.5 billion valuation. The Melbourne-based company said it secured more funds from existing investors, including Tencent Holdings Ltd (0700.HK), Sequoia Capital China and Lone Pine Capital. Australian industry superannuation fund HostPlus and a North American pension fund also participated in the round, Airwallex said. Register now for FREE unlimited access to Reuters.com RegisterWith the $100 million raised in the Series E extended round, Airwallex's total funding increased to more than $900 million, the company said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Harish Sridharan and Baranjot Kaur in Bengaluru; Editing by Tom Hogue and Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

☆ Volocopter is an 'air-taxi' startup that makes electric vertical take-off-and-landing aircraft. Check out the pitch deck it used to raise $170 million.
▼ + stars: | 2022-07-27 | by ( Fiona Mathewson | Nathan Rennolds | Business Insider Deutschland | ) www.businessinsider.com time to read: +1 min

Volocopter is a German air-taxi startup that makes electric vertical take-off-and-landing aircraft. It raised a $170 million Series E round that it will use to enter more international markets. Volocopter is a German air-taxi startup that manufactures electric vertical take-off-and-landing, or eVTOL, aircraft. The latest round of funding was a $170 million Series E in March 2022, which WP Investment led. Insider has an exclusive copy of the pitch deck that Volocopter used to raise the funds.

☆ Here's why bitcoin boomed in 2016
▼ + stars: | 2016-12-28 | by ( Insider Intelligence | ) www.businessinsider.com time to read: +6 min

According to Bitcoin, the cryptocurrency saw an annual gain of 54% in 2016, outperforming all fiat currencies, most of which stumbled this year. Blockchain technology, which is best known for powering Bitcoin and other cryptocurrencies, is gaining steam among finance firms because of its potential to streamline processes and increase efficiency. As a result, venture capital firms and financial institutions alike are pouring investment into finding, developing, and testing blockchain use cases. Banks and major financial institutions are working both collaboratively and independently to develop blockchain tech. Over 50 major financial institutions are involved with collaborative blockchain startups, like R3 CEV or Chain.

Persons: it's, Bitcoin, Dow Jones, It's, Trump, Jaime Toplin, Banks Organizations: Nasdaq, Lisk, That's, Insider Intelligence, Business, Aite, CEV Locations: London, US, Santander, blockchain

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