Remove 2021 Remove Equity Remove Funding Remove Pricing
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Ghost appears with new funding, marketplace to match buyers with unsold products

TechCrunch LA

The process for retailers and brands to liquidate excess inventory hasn’t changed very much, if at all, and while some retailers were able to build operational infrastructure to service the off-price channels, it continues to be a constant pain point. The equity will go toward hiring more talent to join Ghost’s 25-person team.

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Praying to the God of Valuation

Both Sides of the Table

In those years I learned to properly build product, price products, sell products and serve customers. Raising capital remained difficult but possible and valuations were tied to underlying performance metrics and everybody accepted the the ultimate exit — whether through M&A or IPO — would also be based on some level of rational pricing.

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Canada’s newest unicorn: Clio raises $110M at a $1.6B valuation for legal tech

TechCrunch LA

Rowe Price Associates Inc. and OMERS Growth Equity. With the latest funding, Clio claims that it’s the “first legal practice management unicorn” globally. With 5 new unicorns in first week of 2021, are we in for a stampede this year? Clio currently has 600 employees.).

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Max Q: SpaceX gets ready for first human flight

TechCrunch LA

This week turned out to be a surprisingly busy one in space news — kicked off by the Trump administration’s FY 2021 budget proposal, which was generous to U.S. Satellite internet startup Astranis has raised a $90 million Series B funding round, which includes a mix of equity ($40 million) and debt facility ($50 million).

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Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

TechCrunch LA

Just over three months after its last funding round, European fintech giant Klarna is announcing today that it has raised another $639 million at a staggering post-money valuation of $45.6 billion in volume for the entire fiscal year of 2021 and Afterpay is projecting $16 billion in volume for its entire fiscal year. .

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Shareholders approve Bird-SPAC merger, stock promptly falls

TechCrunch LA

That’s precisely what the company will be worth in light of Switchback II’s share price declines, but the number could be lower than the headline figure from early merger disclosures. This year, the company expects — looking at predictions that included results through Q2 2021 — to post positive gross margins.

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Down bad

TechCrunch LA

This week, we saw the interconnectedness of major institutions as crypto lending protocol Celsius stuttered and brought down Ethereum prices with it as investors feared a price collapse brought on by reportedly over-leveraged players like 3 Arrows Capital. debt, equity, derivatives) or sectors (e.g., the week in web3. “I