Online business valuation startup signs contract with TD Bank

BizEquity, a Wayne-based fintech startup that offers online business valuation services, has landed its first top 10 U.S. bank client. TD Bank (NYSE: TD) of Cherry Hill said it has signed a contract to offer the valuation tool free of … Read More

BitSight, a provider of security ratings, raises $60M at a valuation of around $600M

As the tech world continues to grapple with how best to deal with the growing issue of malicious hacking and other security breaches, a startup that has developed a ratings system to track how well businesses are faring has raised … Read More

Uber’s biggest rival has raised new funding and doubled in valuation to $15 billion

Ride-hailing firm Lyft announced that it raised $600 million (£459 million) in funding and that its valuation has shot up to $15.1 billion (£11.6 billion). In April 2017 Lyft was valued at $7.5 billion (£5.7 billion), meaning the company has more … Read More

CPAs object to AICPA offering ABV credential to non-CPAs

A group of CPAs has written an open letter to the American Institute of CPAs expressing opposition to the AICPA’s move to open up its Accredited in Business Valuation credential to non-CPAs. The letter, posted Monday, complained that CPAs had little warning … Read More

Meditation app Calm hits a $250M valuation amid an explosion of interest in mindfulness apps

Just a few years ago, it might have been a bit of a challenge to convince investors that a mindfulness app would end up being a big business — but thanks to an increasing focus on mental health from both … Read More

Elon Musk’s Boring Company could be worth $16B after Chicago-O’Hare tunnel

The Boring Company might have started as a lighthearted jest from Elon Musk’s Twitter sessions, but the tunneling startup is now tackling a very serious project. Just last week, it was selected as Chicago’s contractor for its upcoming high-speed downtown-O’Hare … Read More

Southeast Asia’s Grab lands $1B from Toyota at a $10B valuation

Grab,  the ride-hailing firm that acquired Uber’s Southeast Asia business earlier this year, is raising a new round of funding and it just announced that it will be led by Toyota, which is committing $1 billion in capital. The deal values … Read More

Growing inorganically: The Secret to a successful M&A valuation

Every company, big or small, aspires to grow even bigger. Growth can have many facets to it. It can be in the form of adding new products, or customers or geographies which ultimately leads to increasing the topline or the … Read More

The case for Xiaomi, the $70 billion company—and for Xiaomi, the $30 billion company

Xiaomi is preparing for an IPO in Hong Kong, and its valuation estimates are already catching eyeballs. Early this year it was reportedly seeking a nearly $200 billion valuation, a number that became $100 billion when it published its prospectus (pdf) last month. Since … Read More

What to Say When a VC Asks About Your Company’s Valuation (Hint: Don’t Give Them a Number)

One of the hardest things about the fundraising process for entrepreneurs is that you’re trying to raise money from people who have “asymmetric information.” VC firms see thousands of deals and have a refined sense of how the market is valuing deals because they … Read More

Breaking Down Slack’s Valuation: An Interactive Analysis

Slack recently reported its latest performance figures, with the technology company hitting 3 million paying customers for its services out of a reported aggregate base of 8 million total customers. This is a major improvement from September last year, when the … Read More

Uber’s raising up to $600M in a secondary round at $62B valuation, Q1 sales grew to $2.5B

Uber’s CEO is in Paris this week meeting with the French president to talk tech in Europe and expanding its insurance coverage in the region, but back in the U.S. the company is moving ahead on another kind of expansion. … Read More

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