Bitcoin's Coronavirus Selloff Throws Cold Water On Safe-haven Argument
As U.S. stocks tumbled on Monday by the most in six months amid renewed coronavirus fears, bitcoin barely budged - at least in terms of the notoriously volatile cryptocurrency’s trading history.
British Fintech Revolut Hits $5.5B Valuation After Funding Round
Digital banking app Revolut has raised $500 million in a fresh funding round, confirming the British-based business as one of the world's most valuable financial technology firms with a valuation of $5.5 billion.
Servicemax Raises $80M Funding To Advance The Future Of Field Service
New investor, Salesforce Ventures, joins Silver Lake to invest in further innovation in asset-centric industries PLEASANTON, Calif., February 24, 2020-- ServiceMax, the leader in asset-centric field service management, today announced $80 million in growth funding led by new investor Salesforce Ventures and existing investor Silver Lake. On the heels of a record-breaking year, this additional funding is expected to fuel accelerated growth, deepen product development and support digital transformation and customer experience in verticals such as manufacturing, medical devices, energy, heavy equipment and other industrial markets.
Wall Street Plunges On Fears Of Coronavirus Pandemic
* Health insurers fall after Sanders' Nevada victory (Recasts first paragraph and paragraph 15, updates volume in last paragraph): New York (Reuters) - The S&P 500 and the Dow Jones Industrial Average on Monday suffered their biggest one-day percentage losses in two years after a surge in coronavirus cases outside China fanned worries about the global economic impact of a potential pandemic.
Karius Secures $165M In Series B Funding Led By Softbank Vision Fund 2
Karius will expand access to its proprietary microbial cell-free DNA technology to help doctors diagnose infectious diseases, broaden clinical development, and accelerate technology innovation REDWOOD CITY, Calif., February 24, 2020-- Karius, the world leader in liquid biopsy for infectious diseases, secured $165 million in a new funding round led by SoftBank Vision Fund 21, with additional participation from General Catalyst, HBM Healthcare Investments, and existing investors Khosla Ventures and LightSpeed Venture Partners. Karius pioneered the discovery and application of microbial cell-free DNA, enabling non-invasive detection of pathogens throughout the body with its Karius(r) Test.
Gurnet Point Capital Names David Moore Partner
CAMBRIDGE, Mass., February 24, 2020-- Gurnet Point Capital ("Gurnet Point"), a private investment firm focused on health care, announced today that David Moore has been appointed as a Partner of the firm. Mr. Moore, who brings a proven track record of success with both large pharmaceutical and small biotech companies, joins Gurnet Point from Roivant Sciences, a biopharmaceutical drug development company, where he served as Chief Executive Officer of one of its infectious diseases businesses. He also had executive oversight and governance responsibilities for multiple portfolio companies at Roivant, including seeking new investment opportunities.
British Fintech Revolut Hits $5.5B Valuation After Funding Round
Digital banking app Revolut has raised $500 million in a fresh funding round, confirming the British-based business as one of the world's most valuable financial technology firms with a valuation of $5.5 billion.
Uk Fintech Revolut Hits $7.7B Valuation After Funding Round, Banking News & Top Stories - The Straits Times
February 25, 2020 8:12 AMLONDON (REUTERS) - Digital banking app Revolut has raised US$500 million (S$699 million) in a fresh funding round, confirming the British-based business as one of the world's most valuable financial technology firms with a valuation of US$5.5 billion (S$7.7 billion).
Exantas Capital Corp. Expands Its Lending Platform To Include Fixed-rate Commercial Real Estate Loans, Enhancing Options For Its Borrowers | Benzinga
NEW YORK, Feb. 24, 2020 /PRNewswire/ -- Exantas Capital Corp. (NYSE:XAN) (the "Company" or "Exantas") announced that it has expanded its commercial real estate debt platform to include fixed-rate commercial real estate loans through the integration of C-III Commercial Mortgage with its affiliate and external manager, Exantas Capital Manager. The integration enhances the Company's commercial real estate market presence and provides its borrowers a comprehensive offering of transitional to permanent financing solutions. Since 2010 C-III Commercial Mortgage, a leading originator of commercial real estate loans, has originated $3.2 billion of fixed-rate loans and $2.1 billion of floating-rate loans.
John S. Bailey And Patricia S. Bailey Announce Reorganization Of Holdings Of Bsr Real Estate Investment Trust
LITTLE ROCK, AR, Feb. 24, 2020 /CNW/ - John S. Bailey and Patricia S. Bailey announced today that they have reorganized the ownership of certain trust units ("Trust Units") of BSR Real Estate Investment Trust (the "REIT") and class B units ("Class B Units") of BSR Trust, LLC previously held by J&P Unit Holding, LLC ("J&P"). Each Class B Unit is redeemable by the holder thereof for cash or one Trust Unit (subject to customary anti-dilution adjustments), as determined by BSR Trust, LLC in its sole discretion.