Jack Dorsey chooses Square over Twitter
Jack Dorsey, the co-founder of Twitter, is stepping down as CEO of the social media company after six years. Parag Agrawal, the company’s former CTO, to take over the role effective immediately. In his resignation letter, posted on Twitter, Dorsey said he wants the company to break away from the vision and control of its […]
Nottingham software firm lands £500,000 private equity investment
The Robot Exchange has secured a £500,000 investment from private equity investment firm, Foresight Group, through the Midlands Engine Investment Fund (MEIF). “Our Robotic Process Automation technology delivers rapid automation of manual and menial tasks, benefitting businesses and their customers, and we deliver a full return on investment for our clients within the first year, […]
AND Digital secures follow-on round from BGF
AND Digital, a British tech consultancy aiming to accelerate digital delivery for businesses by providing access to tech talent, has secured GBP8 million in follow-on funding from BGF, one of the UK’s most prominent growth economy investors. “Since our inception, there’s been a pressing need for digital skills to become foundational to every organisation, regardless […]
How Salesforce became Silicon Valley’s best late-stage tech investor
Last week, Salesforce reported a $2.17 billion annual gain from its investments in other tech companies. A few days later, the company’s venture arm extended its winning streak with another big exit. In a boom time for large tech IPOs and software consolidation, Salesforce’s name is showing up everywhere. CEO Marc Benioff has proven that he’s not only a mega-dealmaker when it comes […]
Permira selling 12 million shares in Germany’s TeamViewer
Private equity investor Permira is selling 12 million shares in German software company TeamViewer through an accelerated bookbuilt offering, the bookrunner on the deal said on Tuesday. Permira floated TeamViewer in September 2019 and has since sold down its stake gradually. At Tuesday’s closing price of 46.50 euros, the stake would be worth 558 million […]
Carlyle to invest US$200 million in Kakao Mobility
Global investment firm The Carlyle Group, through its Carlyle Asia Partners V fund, has agreed to invest US$200 million in Kakao Mobility, the largest mobility-as-a-service (MaaS) platform in South Korea. The company was launched in 2015 as a business unit of Kakao Corp, an integrated mobile lifestyle platform company, and spun off in 2017. It […]
Eurazeo: supports 50 of the French Tech Next 40/120 companies
Eurazeo has had its status as the leading provider of funding to the French Tech industry confirmed following the French government’s announcement of the companies selected to take part in its Next40 and Tech120 programs in 2021. Eurazeo is delighted to share that, through its direct investments and the dedicated mandates it manages, it supports […]
Lots of money chasing too few ideas marked 2020 freight-tech investment: Larkin
The rise of SPACs as well as private equity getting into early stage investment were features of the investment landscape this past year, according to the industry veteran. The red-hot freight-tech investment world of 2020 was “frothy,” marked by “more money than there are good ideas.” That’s the view of John Larkin, a trucking and […]
Tesla short sellers lost massive $38 billion in 2020 as stock surged to new heights
Bears got severely burned with Tesla shares up 730 per cent this year Tesla Inc. short sellers lost billions more on the electric-vehicle maker than any other company in 2020, as bears got severely burned by the stock’s surge to new highs. With shares up 730 per cent, Tesla bears have seen more than $38 […]
From Tech to Tesla, Stocks Get $14 Trillion Boost in Covid Year
In a historic year that marked a rapid plunge into bear market territory and a swift recovery into the bull zone, high-flying technology stocks and electric-vehicle pioneer Tesla Inc. were standout trades. The S&P 500 Index went from peak to trough to peak again within 175 days as investors initially shunned most stocks in response to Covid-19 lockdowns and […]
