European startups enter their own age of the megadeal
Despite structural and ideological drags on growth, European startups are surging.
Fundraising by European startups has skyrocketed this year, according to an article in the Wall Street Journal this week. They claim that the EU startup scene is being dominated by megarounds and rising valuations... Read more
‘RPA startup UiPath valued at 10.2 billion dollars after new funding’
RPA-startup UiPath raised 225 million dollars (192 million euros) in a funding round led by Alkeon Capital. This valued the RPA specialist at 10.2 billion dollars (8.7 billion euros).
According to UiPath-CEO, Daniel Dines, the new funding will be used to scale UiPath's platform and expand the co... Read more
Xerox raises 24 million dollars for HP acquisition
Xerox has entered into a $24 billion financing commitment with three banks for a new takeover bid for PC and printer manufacturer HP.
Xerox has not yet abandoned its efforts to acquire HP. The company is convinced that a merger would be beneficial to both organisations to revitalise their busine... Read more
GitLab raises $100 million in funding
GitLab has raised $100 million from a financing round led by Iconiq Capital, the value of the company is now estimated at $1.1 billion. Iconiq Capital is a start-up fund with investors like Mark Zuckerberg. Other investors were Khosla Ventures and GV.
CEO Sid Sijbrandij states that the vast majority... Read more