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Analysts say China needs to mobilise venture capital and resources, while reducing reliance on foreign venture capital, having fallen further behind the US in terms of the number of start-ups valued at more than US$1 billion.
After five straight quarters of negative results, has venture capital turned a corner?
The US and China accounted for 72% of the world’s unicorns; India ranked 3rd with 68 unicorns.
Mental wellness platform Lyra Health is raising up to $175M at a $2.25B valuation January 28, 2021 Update: Lyra Health filed paperwork with the SEC indicating that it has raised $186.7 million in new equity financing. The coronavirus pandemic has underscored, and often exacerbated, the mental health crisis that exists across the world. Even the spread of remote work is part of the problem: As everyone stays at home, the lack of interaction and watercooler chat has left employees without in-person interaction. The need for a solution has helped tech-powered mental health solutions raise fundin...