Stripe announces $159 billion valuation, eyes PayPal deal
Stripe is reportedly considering an acquisition of PayPal Holdings while simultaneously announcing a new $159 billion valuation, marking a significant shift in the fintech landscape.
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Startups & Funding
810 storiesHow Ukrainian startups are scaling despite the war
Ukrainian startups like Preply are continuing to grow, with plans to hire some 100 engineers, as the sector maintains operations despite the ongoing war.
Mogul raises $5M to scale music royalty tracking platform
Mogul, a music royalty tracking platform, raised $5 million in new funding to expand its services after helping artists track $1.5 billion in lost royalties.
Nimble raises $47M to bring structured web data to AI agents
Nimble raised $47 million in Series B funding to provide AI agents with real-time, structured web data, bringing its total funding to $75 million.
Canva acquires Cavalry and MangoAI to expand creative suite
Canva has acquired animation startup Cavalry and AI-focused MangoAI to expand its professional creative suite, following a year-end close of $4 billion in annualized revenue.
Xflow raises $16.6M to scale cross-border B2B payments
Indian fintech Xflow has secured $16.6 million in Series A funding at an $85 million valuation to expand its cross-border B2B payment infrastructure.
Investor loyalty fades as VCs back both OpenAI and Anthropic
At least a dozen venture firms now back both OpenAI and Anthropic, signaling that traditional investor loyalty is almost dead in the high-stakes AI funding race.
Quantonation closes €220M fund for quantum startups
Quantonation Ventures has closed its second fund at €220 million, signaling that investor appetite for quantum technology remains strong despite warnings of a potential funding collapse.
InScope raises $14.5M to automate financial reporting
InScope raised $14.5 million in Series A funding to help companies automate financial reporting, though the platform is not yet fully automating income statements and balance sheets.
Peak XV raises $1.3 billion for India and Asia-focused funds
Peak XV has raised $1.3 billion for India and Asia-focused funds, expecting to invest the capital into AI and cross-border startups over the next two to three years.
The OpenAI mafia: Tracking the startups founded by former staff
Former OpenAI employees have founded a wave of high-value AI startups, with many raising billions in funding as the company reportedly eyes a $100 billion deal.
General Catalyst commits $5 billion to India over five years
General Catalyst plans to invest $5 billion in India over the next five years, significantly expanding its commitment to the country’s startup ecosystem.
Neo launches residency program with variable equity terms
Neo has launched a residency program offering $750,000 via uncapped SAFE, with equity stakes tied to future valuations rather than fixed percentages.
Nvidia deepens early-stage startup support in India
Nvidia is expanding its early-stage support for Indian AI startups through new partnerships, aiming to secure long-term compute demand in a fast-growing developer market.
OpenAI nears $100 billion funding round at $850 billion valuation
OpenAI is reportedly nearing a deal to raise more than $100 billion at a valuation that could exceed $850 billion, as the company begins testing ads in ChatGPT.
Mirai raises $10M to optimize on-device AI performance
London-based startup Mirai has raised a $10 million seed round led by Uncork Capital to build an inference engine that optimizes AI performance on consumer hardware.
Amari AI raises $4.5 million to automate customs brokerage
Amari AI raised $4.5 million to automate customs brokerage paperwork, helping firms manage trade compliance amid industry labor shortages and shifting trade policies.
Freeform raises $67 million to scale AI-native metal 3D printing
Freeform raised $67 million in Series B funding to scale its AI-native metal 3D-printing platform and expand its workforce by as many as 100 employees.
How to structure equity and hiring for early-stage startups
General Catalyst’s Yuri Sagalov advises founders to prioritize mission-driven early hires and structure equity splits to avoid future deadlocks while avoiding meddling investors.
Etsy sells Depop to eBay for $1.2 billion
Etsy is selling its secondhand clothing marketplace Depop to eBay for $1.2 billion in cash, marking another divestment as the company struggles to grow its core business.