Uber, Didi both raising billions more for ride apps
Uber and Didi Chuxing, the largest ride-hailing app in China, are both adding billions more to their coffers. Uber is reportedly in talks to secure up to $2 billion in debt financing. Didi, meanwhile, confirmed that it has closed a $7.3 billion financing round that includes its recent investments from Apple and China Life.
Airbnb secures $1B in debt financing
Speaking of companies getting massive loans, Airbnb has reportedly secured a $1 billion debt facility from some of the largest U.S. banks to fund its growth, according to a Bloomberg article.
Philly healthcare investor 1315 Capital closes first fund with $200M
Philadelphia-based 1315 Capital, a growth equity investor focused on pharmaceuticals, med-tech and healthcare services, has closed on $200 million for an inaugural fund. The firm already has a portfolio of at least three companies.
Journalists love pointing out tech bubbles but do it badly
Seems like every time a hot startup gets a high valuation, tech writers start warning about bubbles. Frequently, they’re wrong. Y Combinator’s Sam Altman just published a decade’s worth of some of those misguided prophesies, from alarm bells over LinkedIn’s onetime $1 billion valuation to suggestions that Facebook’s former $56 billion valuation surely pointed to a coming tech apocalypse.(That said, sometimes bubble-callers get it right, such as those who called out Theranos’ former $10 billion valuation.)
Payoff raises big round to grow credit card repayment service
Payoff, a startup that makes loans for people looking to pay off credit card debt, has raised $46.8 million in new financing, according to a securities filing. The Costa Mesa, Calif. company has been backed by investors including FirstMark Capital, Great Oaks Venture Capital, and Anthemis Group.
Introducing new ways to access CrunchBase Data
Uncover new opportunities, discover industry trends, and build powerful apps using the Daily Excel Export or API.
|
