It’s no secret that the venture capital industry is facing a liquidity crisis as IPOs and other exits remain few and far between after 2020 and 2021’s record-breaking years. Now, we have numbers that show just how bad it’s gotten. In 2023, the U.S. VC industry invested $60 billion more into startups than it collected […]
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Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here! Despite the short workweek in many locations, the last few days have been crammed with deal announcements and funding news, although it is too early to tell how much was just on hold before […]
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Pony AI is inching closer to its initial public offering in the U.S., but as it does so, it continues to drop its minimum target for what it hopes to raise in the transaction. Pony operates a fleet of 190 “robotrucks” in Beijing and Guangzhou and more than 250 robotaxis in Beijing, Guangzhou, Shenzhen, and […]
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Swiggy’s upcoming IPO on Wednesday will finally give many analysts a public comparable for what has been long considered to be the Indian internet stock: Zomato. It will also test the nation’s appetite for IPOs that can scale past the $1 billion mark. For its IPO, Swiggy has already secured $1.4 billion from institutional investors […]
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Swiggy has raised around $606 million from a set of more than 75 anchor investors as part of its $1.35 billion initial public offering, as the Indian food delivery and quick commerce startup prepares for the country’s second-largest listing of the year next week. The Bengaluru-based startup, which is seeking an $11.3 billion valuation in […]
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Wiz co-founder Roy Reznik said the company hit $500 million in annual recurring revenue this year, and still thought it could double that in 2025.
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While many venture investors, and likely their LPs, were hoping IPOs were going to come back in 2024, that hasn’t happened and isn’t likely to in the next two months. NASDAQ CEO Adena Friedman isn’t surprised. Friedman said at Axios’s BFD event on Tuesday that while on paper the public markets have been experiencing a spectacular year […]
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Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. Several startups announced new rounds this week without disclosing their valuation. This doesn’t mean that these were down rounds, but rather it confirms that our collective focus […]
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Ro co-founder and CEO Zachariah Reitano said while he’d “never say never” about potentially taking the seven-year-old telehealth company public, he thinks the benefits of being a private company are growing. Reitano dodged multiple questions from Axios reporter Dan Primack about whether or not the company has plans to IPO in the near term — […]
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Toyota-backed autonomous vehicle company Pony AI has joined the list of Chinese firms going public on the U.S. stock market after a multi-year ban from Beijing on offshore capital raising. Zeekr, a luxury Chinese electric vehicle startup, debuted on the New York Stock Exchange in May, and WeRide, another AV startup, also hopes to file […]
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