Zoox eyes big new round
Autonomous vehicle startup Zoox is in talks with SoftBank about a new funding round that could value the secretive Silicon Valley company at between $3 billion and $4 billion, according to media reports. Zoox has previously raised about $290 million at a reported last valuation of over $1.5 billion.
Social Finance CEO steps down
Mike Cagney will step down as CEO of Social Finance, the online lending company he co-founded, following charges of sexual harassment. His exit is the latest in a string of high-profile departures by Silicon Valley executives and venture partners faced with misconduct allegations.
Europe startup exits tick up
Looking at exit volumes, it appears the European startup scene has shown growth over the past year, according to a Crunchbase News report based on a recent study of cross-border transactions. Much of the activity is cross-border, with U.S.-based companies responsible for more than a third of European startup acquisitions.
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