Bird has announced that it will acquire Circ, a leading electric scooter rental business in Europe and the Middle East. The acquisition is the latest sign of consolidation among e-scooter companies as the quest for a profitable business model intensifies. As part of the deal, Bird will take on 300 of Circ's employees, many of whom are based in Berlin. Bird also announced a $75 million extension to its Series D funding round, bringing the total size of the round to $350 million -- though it would not disclose the amount for the transaction.
Solihull-based property finance firm secures private equity backing from Foresight group to embark on next chapter. : Solihull-based property finance firm secures private equity backing from Foresight group to embark on next chapter Solihull-based Signature Private Finance has been acquired by chief executive Tony Gilbertson and his senior management team, with support from private equity firm Foresight Group. Established in 2012, Signature specialises in short-term property finance, supporting developers and landlords with funds to purchase, refinance and refurbish property across the UK. The team, which has bought out previous owner Cabot Square Capital, recently achieved its PS100 million lending target.
Oil drilling firm Valaris PLC reached a settlement with Luminus Management and said on Monday that it has appointed one of the hedge fund's partners to its board.
The initial public offering market is expected to crank into gear in the next two weeks, with at least two billion-dollar deals on the slate, including a well-known consumer name that may be viewed as a safe bet in a nervous market.
The funds will be deployed to ramp up technology, expand into newer sectors like pharma packaging, and increase Bizongo's penetration across India. The post Packaging materials startup Bizongo raises $30m Series C funding appeared first on DealStreetAsia.
The Wall Street Journal profiled the Koch Brothers' vast real estate ownings. The Real Deal sat down with Related CEO Jeff Blau. These are among today's must reads from around the commercial real estate industry.
Following his retirement from the NBA, Bryant chose venture capital as his second act. He and business partner Jeff Stibel formed venture firm Bryant Stibel in 2013 and raised $100 million for their debut venture capital fund three years later.
Berlin-based Merantix, a venture studio building AI companies, has raised a EUR 25M fund. The funds will serve to finance the next batch of AI companies after having already successfully built three companies over the last three years. The now announced fund includes notable anchor investors such as Trusted Insight, the Robert Wood Johnson Foundation, the W.K. Kellogg Foundation, as well as further family offices from Europe.
Does the VC model struggle when it comes to making profitable investments? One former Microsoft employee thinks so and he's just launched an investment ecosystem, which he believes will offer better returns. Perhaps inevitably, digital tokens play a part.