125M

Vestwell, which provides the infrastructure for employers to power workplace savings programs, has raised $125 million in what the company describes as a “preempted” round of funding. Lightspeed Venture Partners led the round, which included participation from existing backers Fin Capital, Primary Venture Partners and FinTech Collective, as well as new investors Blue Owl and HarbourVest. The New York-based fintech declined to reveal its valuation. As part of the round, Lightspeed’s lead fintech partner, Justin…

via Sony There’s a good reason why Hollywood history isn’t littered with top-tier fighter pilot movies, and there’s an even better one as to why Top Gun could only be exceeded in both status and acclaim by its long-awaited predecessor, with Stealth the only example needed as to why nobody but Tom Cruise should be cleared for takeoff. Sony has a long and ignominious history for crafting vastly expensive blockbusters that nobody was asking for, which only live up to expectations by dying an agonizing death at the…

Following the recent Q1 2022 report from EV startup Canoo, we find the feature image rather fitting. After admitting a net loss over $125 million for the first three months of this year, Canoo is very much stuck out in the woods. With a lack of current cash on hand to realistically get through Q2, Canoo admitted “there is substantial doubt” about the company’s ability to get out of those financial woods either. Canoo is certainly making its presence known on our homepage today. Earlier, we reported a lawsuit filed…