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Jungle Ventures, Sequoia back overseas edtech startup Leap in $17-mn round


Overseas education startup Leap, which is building a suite of products and services for students to study abroad, has raised $17 million in Series B round of funding led by Singapore-based Jungle Ventures, with participation from Sequoia Capital India and Owl Ventures. This comes in less than a year after Leap raised $5.5 million led by Sequoia Capital India, taking the total capital raised by the startup to $22.5 million.
The Silicon Valley-headquartered startup will use the new capital to expand its product portfolio. It plans to further strengthen its team across technology and business functions, expand geographically and grow its student communities aggressively. The company will also establish global offices for institutional partnerships and other business functions. ....

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Stripe valuation hits $95bn after $600m funding round


Stripe valuation hits $95bn after $600m funding round
Mar 15, 2021 02:32 EDT
with 7 comments
According to the Financial Times (paywall), the online payment processing firm Stripe now has a valuation of $95 billion, making it the most valuable firm in Silicon Valley. It comes after the company s latest financing round which saw it raise $600 million in new equity from organisations including Ireland’s National Treasury Management Agency, Allianz, Fidelity, Baillie Gifford, AXA, and Sequoia Capital.
The 11-year-old company has done well in the pandemic as more businesses have gone online and sought out a payments processor for their online orders. John Collison, one of the founders of Stripe, said that it’s now handling 5,000 requests every second including payments, refunds, and customer data checks. ....

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Shelton PD warns of increased catalytic converter thefts


Shelton PD warns of increased catalytic converter thefts
Brian Gioiele
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Shelton PoliceContributed photo
SHELTON Catalytic converters are the latest target for thieves, according to police, who have taken to the department’s Facebook page to offer tips on preventing the crime.
Police Lt. Robert Kozlowsky said there have been nine reports from both residential and commercial sites of catalytic converters stolen from vehicles. Thefts have occurred throughout the city, he said.
We are starting to see an increase in catalytic converter theft within our state and across the nation,” Officer John Staples stated on the department’s crime prevention Facebook page. ....

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