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$65 billion hedge fund Tiger Global is squeezing out venture capital firms to invest in startups.
The company has taken part in 110 startup financings so far in 2021, according to Pitchbook.
Venture capitalists credit its speed and sky-high valuations for its success in landing deals.
A hedge fund is eating venture capital s lunch.
Tiger Global, a type of fund that raises outside capital to invest in a smorgasbord of asset types, has participated in 110 startup financings so far this year, including breakouts like Clubhouse, Stripe, and Hopin, according to Pitchbook data.
Spanish delivery startup Glovo has raised €450 million ($528 million).
The startup claims the funding is the largest venture round in Spain s history.
Glovo s capital raise comes a day after Deliveroo s difficult London float and a spate of delivery fundraises.
Delivery startup Glovo has raised a €450 million ($528 million) funding round, describing it as the largest venture round in Spain s history.
The Barcelona-based unicorn has now raised more than $1 billion in total funding since it was founded in 2015.
The company is one of many food-delivery services operating globally, but one that has consciously chosen to target markets off the radar of industry giants like the UK s Deliveroo and Uber Eats, focusing on areas such as Kenya, Ukraine, and Peru.
Wise This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Wise, one of Europe s earliest and most successful fintech firms, is exploring an IPO in 2021.
The firm, formerly TransferWise, started with cheap money transfers and is now worth $5 billion.
Insider spoke with the company s CEO, CFO, early investors, and analysts to chart its rise.
Wise, the $5 billion fintech success story, started life as TransferWise in London in 2011.
The premise was simple: Major banks made a killing in fees and foreign-exchange rates when people transferred money from one currency to another, and this startup wanted to change that.
Hopin
Hopin can claim to be a winner of the coronavirus pandemic.
The online events startup is valued at $5.65 billion less than two years into its existence.
We spoke to Hopin s 26-year-old founder and its investors about its early days and growth.
In June 2019, Johnny Boufarhat incorporated a company called Hopin with the UK s Companies House register.
His idea was fairly straightforward. Online conference and events were bad and the software was worse, so why not create something better?
So Hopin was born, offering conferencing software to make it easy to run everything from trade expos to social events online, starting at $99 a month.