Finance
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AI bookkeeping startup Fondo aims to solve the accountant gap
Entrepreneurship in the U.S. is thriving, with an average of 430,000 new business applications submitted each month in 2024—a 50% increase from 2019. However, the rising number of startups faces a significant challenge: a dwindling…
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Filigran Raises $35M to Expand Its Cybersecurity Threat Management Platform
Filigran, a cybersecurity startup based in Paris, has raised $35 million in a Series B funding round, led by Insight Partners and supported by previous investors Accel and Moonfire. This follows a $16 million Series…
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UK Digital End-of-Life Startup Farewill Acquired for $16.8M by Dignity
Dignity, a major U.K. funeral service provider, has acquired digital end-of-life services startup Farewill in an all-shares deal valued at £12.9 million ($16.8 million). Farewill, which was founded in 2015, offers online tools for writing…
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Lucid CEO Defends $1.75 Billion Capital Raise After Stock Plunge
Lucid CEO Peter Rawlinson clarified that Wall Street misunderstood the company’s recent $1.75 billion capital raise, a move that led to a significant drop in Lucid’s stock price last Thursday. The offering involved the sale…
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Byju’s Once Valued at $22 Billion, Now Worth Nothing Says Founder
Byju Raveendran, founder of the edtech giant Byju’s, disclosed on Thursday that his company, once valued at $22 billion, has now effectively become “worth zero.” He attributed the downfall to a series of mistakes, including…
