Automotive Industry and Investor Confidence Boosts Tekion Value to $3.5 Billion – Consumer Electronics Net consumerelectronicsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from consumerelectronicsnet.com Daily Mail and Mail on Sunday newspapers.
Deseret News Share this story Laura Seitz, Deseret News In a year that’s driven companies to innovate new ways to keep workers connected and productive amid pandemic-induced remote working assignments, Utah collaboration software innovator Lucid has found a slew of new business and on Thursday announced $500 million in new investments and a $3 billion valuation for the privately held company. The secondary market investments of a half-billion dollars are a whopper, but Lucid’s new valuation is a breathtaking vault from the $1 billion “unicorn” status the company announced just over a year ago. That ascension has been driven by an annual revenue growth rate north of 100% for products that are proving to be very well suited in helping companies navigate the unique challenges wrought by COVID-19 and the changing world of work.
Triple unicorn status: Lucid reaches $3 billion value in just over a year, brings in $500 million in new investment ksl.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ksl.com Daily Mail and Mail on Sunday newspapers.
After Record Year, Lucid Receives $500M+ Secondary Investment at $3 Billion Valuation prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
A $7 Billion Fintech Super App Eyes 12-Fold Growth, IPO by 2025 yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
$7 Billion Fintech Super App Eyes Twelvefold Growth and IPO by 2025 caixinglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from caixinglobal.com Daily Mail and Mail on Sunday newspapers.
Which means that the five-year-old Uruguayan firm has successfully quadrupled its valuation in a matter of months. Alkeon Capital led the most recent spherical, which additionally included participation from BOND, D1 Capital Companions and Tiger World. Normal Atlantic led its earlier round, which closed final September and made dLocal Uruguay’s first unicorn and certainly one of Latin American’s highest-valued startups. DLocal connects world enterprise retailers with “billions” of rising market customers in 29 international locations throughout Asia-Pacific, the Center East, Latin America and Africa. Greater than 325 world retailers, together with e-commerce retailers, SaaS firms, on-line journey suppliers and marketplaces use dLocal to simply accept over 600 native cost strategies. In addition they use its platform to situation funds to their contractors, brokers and sellers. A few of dLocal’s clients embrace Amazon, Reserving.com, Dropbox, GoDaddy, MailChimp, Microsoft, Spotify, TripAdvisor, Uber and Zara.
Uruguayan payments startup dLocal quadruples valuation to $5B with $150M raise yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.