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Cybersecurity Unicorn Axonius Achieves $2.6 Billion Valuation
In what Axonius says could be its last funding round before a public listing, the cybersecurity startup has raised $200 million from investors at a valuation of $2.6 billion. In an interview with Reuters, Axonius CEO Dean Sysman declined to share an exact time frame but said the company could be ready for an IPO within two years...
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Weee! Looking To Expand In All Directions With Massive New Funding...
Multicultural e-grocer Weee! wants to be “the primary source for food at home,” according to its founder and Chief Executive Officer, Larry Liu. Coming off a year in which its monthly active users grew 150%, Weee! has recently secured $425 million in Series E funding that will do a lot to help it reach this goal...
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Hedge Fund Standard General Buys Local TV Owner Tegna After Testy...
After a contentious proxy fight, local TV station owner Tegna Inc. will sell to its largest stockholder Standard General in a $5.4 billion cash deal. The takeover will include the assumption of debt, increasing the total value of the sale to about $8.6 billion...
Global Wealth Firm FNZ Nets Massive Investment
In a huge primary equity raise, global wealth management platform FNZ announced that it has netted $1.4 billion in new equity funding from Canada Pension Plan Investment Board and Motive Partners. The investment, which is one of the largest ever made in the wealth management sector, values FNZ at more than $20 billion...
Private Equity Gets Into The Professional Sports Game
Who doesn’t love a winning team, especially when it reaps rewards? Private equity investors showed their affection for professional sports in 2021, spending nearly $2 billion on stakes in U.S. franchises according to PitchBook, a database that tracks the private and public equity markets...
TCI, Citadel Steer Leading Hedge Fund Managers To Record $65B In...
Last year, sizable earnings at Sir Christopher Hohn's TCI and Ken Griffin's Citadel led the way as the top 20 best-performing hedge fund managers made some of their largest gains in over a decade. The list of managers, which also features Paul Singer of Elliott Management and Israel Englander of Millennium Management, represents gains of $65.4 billion...
Alternative Investment Platform CAIS Becomes Unicorn Through $225M Funding
With a newly updated valuation of over $1 billion, alternative investment platform CAIS has officially reached unicorn status. The firm received $225 million in capital in a funding round led by alternative asset manager Apollo and PE investor Motive Partners...
As More Investors Move Toward Crypto, Ripple Is Losing Steam
Ripple, which describes itself as “the only enterprise blockchain company today with products in commercial use by hundreds of customers in 55+ countries” and was founded in 2012, offers a payment settling software called Ripple Net. Ripple uses a cryptocurrency token known as XRP in order to settle transactions...
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Hertz Appoints Scott M. Haralson as Chief Financial Officer
Hertz Global Holdings, a prominent global rental car company, has announced the appointment of Scott M. Haralson as Chief Financial Officer. "His deep expertise in financial management and leveraging the capital markets to drive business transformation will be invaluable to Hertz as we rotate our fleet, deliver operational excellence, build greater cost discipline and undertake other key initiatives to improve our financial performance", stated Hertz CEO Gil West...
Navan Appoints Amy Butte as Chief Financial Officer
Navan, the comprehensive super app simplifying travel and expense management, announced the appointment of Amy Butte as Chief Financial Officer effective June, 2024. Butte, who joined Navan's Board of Directors in April 2024, has resigned from her role as Audit Committee Chair to assume this executive position...