General Catalyst

Finom, a European challenger bank aimed at SMEs and freelancers, has raised €50 million ($54 million) in a Series B equity round of funding. Founded out of the Netherlands in 2019, Finom lets businesses open up an online bank account in minutes and receive an IBAN (International Bank Account Number) to support cross-border transactions. On top of that, customers also receive physical or virtual bank cards, expense management tools, and integration support for accounting software. In truth, the…

Esports fan engagement platform Stan on Tuesday said it had raised $2.7 million in a funding round. The round saw participation from the likes of web3 firm Aptos Labs as well as early-stage venture firms like Pix Capital, Maelstrom Fund, GFR Fund, CoinDCX Ventures, Climber Capital, TDV Partners and Coinswitch Ventures. The company did not disclose the valuation at which the funding was raised.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and…

General Catalyst, one of the largest U.S. venture capital firms, is in talks to acquire an India-focused VC as part of efforts to expand its presence in the fast-growing South Asian startup market, three sources familiar with the matter told TechCrunch. The deal would allow General Catalyst to tap deeper into India’s vibrant technology scene that has lured over $100 billion in startup investments since 2010. General Catalyst has engaged with Venture Highway in recent months for the deal, according to two sources…

The entity that once owned the poor, beleaguered Silicon Valley Bank, the main banking house for numerous tech-focused firms and venture capitalists, is officially holding up a white flag as it suddenly declared bankruptcy.On Friday, SVB Financial Group declared Chapter 11 bankruptcy in Manhattan bankruptcy court. According to the bankruptcy filings, the bank’s parent entity marked it had between 1,000 and 5,000 creditors. Chapter 11 is often called “reorganizational” bankruptcy, as the company is supposed to use the…

Wonder Group, a food-delivery startup led by Jet.com founder Marc Lore, has raised hundreds of millions of dollars to expand the business at a time when the venture-capital market is cooling.New York-based Wonder closed a $350 million funding round last month, according to company officials, bringing the total amount raised in debt and equity over the past year to $900 million. The latest funding values the company at roughly $3.5 billion, according to people familiar with the matter.…