TORONTO & MENLO PARK — Canadian-based CI Financial Corp. has agreed to acquire Portola Partners, a Silicon Valley wealth management firm specializing in meeting the distinct needs of ultra-high-net-worth families. Portola Partners manages US$5.2 billion in assets and provides comprehensive investment and wealth planning solutions to respected families with complex, unique requirements. It has […]
Author: Editor
Instacart to Offer 30-Minute Delivery With Kroger Supermarkets
SAN FRANCISCO — Instacart, the nation’s leading online grocery delivery service, is expanding its partnership with The Kroger Co. to offer grocery items that can be delivered in as fast as 30 minutes. The new service being launched is called Kroger Delivery Now – powered by a virtual convenience store that is fulfilled by the […]
500 Startups Changes Name to 500 Global
SAN FRANCISCO — Venture capital firm 500 Startups is changing its name and announced the closing of a $140 million global flagship fund–the firm’s largest fund to date–bringing assets under management to $1.8 billion. The firm has changed its name to 500 Global and is expanding its investment strategy beyond the accelerator and seed stage. […]
Abra Reels in $55 Million
MOUNTAIN VIEW — Abra, a wealth management platform for cryptocurrency investors, has raised $55 million in Series C funding. The round was led by IGNIA and Blockchain Capital, with new investors including Kingsway Capital, Tiga Investments and the Stellar Development Foundation. Additional investments from existing investors include Lerer Hippeau Ventures, Amex Ventures, Arbor Ventures, RRE […]
Walking Fish Therapeutics Takes Off With $50 Million Series A
SOUTH SAN FRANCISCO — Walking Fish Therapeutics, a leader in B cell engineering, has closed $50 million in Series A financing— led by investors including Emerson Collective, Illumina Ventures and Quan Capital— to develop B cell therapeutics for oncology, rare disease, regenerative medicine, autoimmune disease, and recombinant antibody production. Walking Fish Therapeutics has made critical advances in developing […]
Wisetack Inks $45 Million Series B
SAN FRANCISCO — Wisetack, a company that brings buy now, pay later to in-person services like home and auto repair, has landed a $45 million Series B funding round, led by New York-based global private equity and venture capital firm Insight Partners, with existing investors Greylock Partners and Bain Capital Ventures also participating in the […]
iJustine Interviews Apple CEO Tim Cook
Justine Ezarik, better known as popular YouTuber iJustine, scored an exclusive interview with Apple CEO Tim Cook following the company’s launch event earlier this week where it unveiled the new iPhone 13, new Apple Watch 7, updated Apple Mini and iPad ninth generation. iJustine is a reviewer of tech products and big fan of Apple. […]
SafelyYou Nabs $19.5 Million Series A
SAN FRANCISCO — SafelyYou, a developer of artificial intelligence-enabled fall detection and prevention for dementia care, announced the close of a $19.5 million Series A financing round led by Eclipse Ventures. They are joined by Founders Fund, as well as existing investors DCVC and Foundation Capital. TSQ Advisors, Pathbreaker Ventures, The House Fund, Swift Ventures, Pacific […]
Bidgely Loads Up With $26 Million
MOUNTAIN VIEW — Bidgely has closed a $26 million round of strategic financing to bolster its utility electrification and decarbonization innovations deployed around the world. Led by Moore Strategic Ventures (MSV), the round is joined by Accurant International, an investment venture of Bahman Hoveida, co-founder and ex-CEO of Open Systems International. The oversubscribed round also included existing investors, such […]
Bright Money Launches With $31 Million
SAN FRANCISCO — Bright Money, an artificial intelligence (AI) finance platform powered by its unique MoneyScience algorithm, has secured $31 million in funding from Sequoia Capital India, Falcon Edge Capital and Hummingbird Ventures, alongside investments from prominent angel investors including Ram Shriram (Alphabet board member and founder of Sherpalo Ventures). Bright Money helps Americans take control of […]
Rents Continue to Surge Nationwide
SANTA CLARA — The U.S. rental market is booming. Rental prices hit double-digit growth for the first time in two years in August and grew three times faster than in March 2020 (prior to the onset of COVID), according to the Realtor.com Monthly Rental Report. Rents posted double-digit gains over last year in more than half of the 50 largest […]
Glean Emerges From Stealth Armed With $55 Million
PALO ALTO — Glean has emerged from stealth with the debut of an intuitive work assistant to address the ubiquitous problem for knowledge workers: finding the right information, the right teammate, or the right insights to get things done at work. At its core, Glean delivers a powerful, unified search experience that indexes dozens of […]