News 

Google’s former CFO wants to fund Europe’s Facebook and Google before Silicon Valley buyers ‘take them out’

“Europe doesn’t have anything to rival the Silicon Valley giants, a world-leading tech company on a level with Facebook, Google, Amazon, or Microsoft” writes Shona Ghosh for businessinsider.com. At the end of the day, it’s not a UK company any more.The new fund has enabled the expansion to Europe, where Pichette will scout out promising European startups. Source: businessinsider.com

Read More
Crypto News 

South Korean Capital to Invest Over $1 Billion in Fintech and Blockchain Startups by 2022

“The Seoul Metropolitan Government has announced plans to invest more than $1 billion in blockchain and fintech startups by 2022, according to the official announcement published on Feb. 18” writes Max Yakubowski for cointelegraph.com. We will expand our investment to […] stimulate the startup investment market and create a [competitive] startup ecosystem.”. According to the release, the South Korean capital’s government plans to use the “Seoul Innovation Growth Fund” for startups that have various investments problems with Series A funding rounds.The fund, launched last year, will primarily focus on startups…

Read More
Markets News 

Get ready to see even more tech companies invest in Electric Vehicle startups

“So why would the biggest tech companies in the world, with near trillion-dollar valuations, be looking to enter the electric vehicle business?” writes Aakash Jhaveri for mashable.com. The opportunities in the electric vehicle market are enormous, with the market growing manifold, year after year.Over the weekend, we got the news of Amazon partnering with Rivian, an upcoming electric company.With companies so big, it’s almost certain that they are never going out of business. Source: mashable.com

Read More
News 

Survey: 41% of Institutional Investors to Invest in ICOs Within Five Years

“The survey was conducted in December 2018 and January 2019 by market research company PollRight, and included responses from 71 global institutional investors, including private equity, hedge funds and pension funds” writes Max Yakubowski for cointelegraph.com. According to a survey of institutional investors conducted by the Global Blockchain Business Council (GBBC), 19 percent believe that digital assets will be regularly invested in and traded by 2021. Recently, cryptocurrency assets management fund Grayscale Investments presented their Q4 2018 report, noting that institutional investors were responsible for the majority of digital assets…

Read More
Crypto News 

First Ever US Pension Funds to Invest in Bitcoin

“A branch of the investments managing firm Morgan Creek Capital Management, Morgan Creek Digital surpassed its original goal of 25 Million USD for the fund” reports livebitcoinnews.com. Morgan Creek Digital is taking things a notch higher with a claim that they are probably the first US pension fund to ever pour money in the digital currency business.There are three distinct welfare programs conducted by the Fairfax County Retirement Systems, 2-thirds of them investing in the Morgan Creek Digital fund, according to Pompliano.Fairfax County, Va., has two pension plans that are…

Read More
News 

Arconic to invest $100 million to expand hot mill capability in Tennessee, create 70 new jobs

“ARNC, +2.46% said Wednesday it is planning to invest $100 million to expand its hot mill capacity and add downstream equipment capabilities to industrial and automotive products at its Tennessee operations” writes Ciara Linnane for marketwatch.com. The company is expecting the move to create 70 new jobs and to be complete by the fourth quarter. Source: marketwatch.com

Read More
News 

Ripple, Mastercard and Barclays Invest in Ripple-Based Remittance Firm SendFriend

“Remittance company SendFriend has received investments from Ripple (XRP), the Mastercard Foundation, MIT Media Lab and Barclays in a funding round, according to a press release published on Feb. 11” writes Adrian Zmudzinski for cointelegraph.com. In the round, the firm raised $1.7 million from investors — also including Techstars, Mahindra Finance, 2020 Ventures and 8 Decimal Capital — to develop its remittance service, which lets users send money to the Philippines using blockchain.SendFriend uses Ripple’s xRapid product for cross-border payments, converting between USD, XRP and Philippine pesos and circumventing the…

Read More
News 

Goldman Sachs, Point72, others invest $44M in business credit startup Nav, which offers easy credit report viewing and a marketplace for financial products

“NEW YORK (Reuters) – Nav, a startup that gives small businesses free access to their credit reports, said on Monday that it had raised $44 million from investors including Goldman Sachs Group Inc (GS.N), Point72 Ventures and Experian Ventures (EXPN.L)” writes Anna Irrera for reuters.com. Goldman, Point72 and CreditEase Fintech Investment Fund, had made a first investment in Nav in 2017.Nav is among the growing batch of young companies using technology to offer more user-friendly financial services to small businesses and consumers.Founded in 2012, Nav aims to make it easier…

Read More