Series/Round Financing

Startup shutdowns, fire sales and hard pivots are under way in the face of a downturn in the venture market. Startup shutdowns, fire sales and hard pivots are under way in the face of a downturn in the venture market. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If…

TEL AVIV—Israeli technology companies are struggling to raise funds, recent data shows, amid a combination of global economic trends and investor concerns over how a proposal to overhaul the country’s judiciary could affect the sector, one of the world’s most vibrant hubs for startups. Israeli technology companies were hurt harder in the first quarter than other global tech hubs, data shows, suggesting the reasons behind the decline in fundraising go beyond macroeconomic conditions.  TEL…

The founder of Tonal Systems Inc. is stepping down as chief executive after the at-home fitness company completed its latest funding round at a fraction of its prior valuation. Aly Orady is stepping down as CEO of the closely held company, effective immediately, Tonal officials told The Wall Street Journal. He will be succeeded by Krystal Zell, Tonal’s current president. Mr. Orady will step into the role of chief technology officer, the officials said.…

Fanatics Inc. has raised about $700 million from a group of investors, pushing the sports-merchandising company’s valuation to $31 billion, according to people familiar with the matter. About two-thirds of the new money came from parties that hadn’t previously invested in the company, including private-equity firm Clearlake Capital Group LP, which led the round, and investment and merchant-banking firm LionTree LLC, the people said. Prior Fanatics investors such as Silver Lake, Fidelity Management…

Microsoft Corp. MSFT -0.14% is in advanced talks for a new round of funding in OpenAI, according to a person familiar with the matter, as the software giant seeks to further incorporate artificial intelligence into its products. No deal has been reached between the two sides and the funding amount could vary as negotiations evolve, the person said. The companies have held talks in recent weeks, according to people familiar with the…

Fresh off the success of “Top Gun: Maverick,” David Ellison, one of Hollywood’s wealthiest heirs, has raised a new round of capital to expand deeper into animation, videogames and sports-related programming. Skydance Media, the production company founded by Mr. Ellison, who is the son of billionaire Oracle Corp. founder Larry Ellison, has raised $400 million in new capital, valuing Skydance at…

NYDIG, the bitcoin trading and banking firm, laid off about a third of its workforce last month, people familiar with the matter said. Company executives informed employees affected by the job cuts, which numbered around 110, on Sept. 22, the people said. Employees were told the firm was seeking to trim expenses and narrow its focus to more-promising businesses, the people said. The cutbacks came less than two weeks before NYDIG announced publicly that it had replaced its…

Rather than risk selling shares at lower prices in new fundraising rounds, a growing number of venture capital-backed startups are extending previous rounds—in some cases, extending ones that appeared closed over a year ago. Extended rounds can help safeguard a startup’s private-market valuation, as shares are typically priced at the same level as the initial round, and terms also tend to be the same, speeding the administrative process for funding, according to analysts. Rounds... Rather than risk…

Fantasy-sports app Underdog said it has completed a second fundraising round that values the company at $485 million with plans on expanding into the growing sports-betting market in the U.S. Underdog said it raised $35 million in a B round including BlackRock and Acies Investment, the latter a venture-capital firm focused on sports betting and online gambling. Underdog says it intends on expanding from fantasy-sports contests into sports wagering, which has rapidly grown into a more…

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.…