Tagged: peter thiel

Pre-IPO Securities Marketplace Equidate Rebrands as Forge Global, Tops $1 Billion in Trading

Equidate has rebranded to become Forge Global, Inc. (Forge). Forge is an online marketplace for pre-IPO securities, like Spotify, Lyft, 23 and Me and others. Forge reports having topped $1 billion in transactions. Alongside the change of name Forge announced the expansion of its Series B funding… Read More

U.S. Fintech Petal Secures $30 Million Through Series B Funding Round Led By Peter Thiel’s Valar Ventures

Petal, a credit card startup pioneering “Cashflow Underwriting” as an alternative to traditional credit scoring, secured $30 million through its Series B funding round, which was reportedly led by Peter Thiel’s Valar Ventures. This news comes just one year after Valar Venture led Petal’s $13 million… Read More

Cryptoasset Investment Platform Layer1 Receives $2.1 Million in Seed Funding By Various Investors Including Peter Thiel & Digital Currency Group

Money Benjamin Dollars 100

Crypto investment and infrastructure platform, Layer1, announced on Wednesday it secured $2.1 Million through its latest seed funding round, which was backed by various investors, including Peter Thiel, Digital Currency Group, and Jeffrey Tarrant.  Layer1 describes itself as a cryptoasset investment and infrastructure platform that… Read More

Peter Thiel-Backed Opening Banking Platform Deposit Solutions Secures $100 Million Through latest Investment Round Led By Vitruvian Partners

Deposit Solutions, a Germany-based opening banking and international platform for savings deposits, announced on Wednesday it secured $100 million through its latest investment round, which was led by Vitruvian Partners with participation from Kinnevik and existing shareholders including Deposit Solutions‘ first institutional shareholder e.ventures. The funds reportedly bring… Read More

Bitcoin Mining Giant Bitmain Rents Twenty Thousand Feet of Silicon Valley Office Space

Following recent reports that it has established capacious bitcoin mining farms in Washington State and Quebec, the Beijing-based Bitcoin mining giant Bitmain is now renting offices in a Silicon Valley office tower called Riverpark Towers, CCN reports. Bitmain will occupy the last available vacancy in… Read More

Peter Thiel & Bitmain Invest in EOS Creator Block.one

Block.one, the creator of the EOSIO (EOS) blockchain protocol, announced on Monday that venture capitalist and entrepreneur Peter Thiel has invested in the company, along with other notable investors, Bitmain, Louis Bacon, and Alan Howard. According to Block.one, the investment round follows an earlier round… Read More

Four Young “Blockchain” Developers Receive Prestigious Thiel Followship Awards

Every year, the foundation started by tech billionaire Peter Thiel gives away a total of $2 million dollars to 20 outstanding young and promising technology entrepreneurs, “young people who want to build new things instead of sitting in the classroom.” The money is granted in… Read More

Go Figure: Mike Cagney Raises $50M Easily, Despite Quitting SoFi Amid Sexual Harassment Allegations

Courtesy ptmoney.com

Mike Cagney, the former SoFi CEO, raises $50M for Figure, his new fintech venture focused on home equity lending, reported Bloomberg. Cagney left Sofi late last year as the platform was upended with legal challenges regarding accusations of allowing a “sexually charged corporate culture that condones… Read More

Is Bitcoin a Comparable Gamble to Student Debt?

Author’s note (August 22, 2019): I came upon this article I wrote early on in recent days, and would like to add that I am considerably less enthused now about cryptocurrencies than I was when I wrote th9s article- as I hope we all are…. Read More

Following Kickstarter Failure, Gawker Receives Bid From Peter Thiel

Just days after former Gawker employees closed their failed crowdfunding campaign on Kickstarter, the former news website received a bit from billionaire, Peter Thiel, who reportedly caused its demise a couple years ago. As previously reported, Gawker was forced to shut down after Hogan sued… Read More

New York Fintech Petal Raises $13 Million Through Series A Funding Round Led By Peter Thiel’s Valar Ventures

Petal, a credit card startup pioneering “Cashflow Underwriting” as an alternative to traditional credit scoring, announced on Wednesday it raised $13 million through Series A financing round, which was led by Peter Thiel’s Valar Ventures. Founded in 2016, the fintech company is looking to build a… Read More

Report: Peter Thiel Makes Big Bitcoin Bet

Peter Thiel, via his Founders Fund, has apparently made an sizable bet on the rising value of Bitcoin.  According to a report in WSJ, Thiel gambled on BTC some time ago buying up to $20 million worth of the cryptocurrency. That investment has since grown… Read More

Former Gawker Employees Launch Kickstarter to Purchase Website

Just a little over a year after Nick Denton’s Gawker ceased all operations, a group of former employees of the popular website has launched a crowdfunding campaign on Kickstarter to raise $500,000 in order to purchase Gawker through auction. Gawker shut down after Hulk Hogan sued the website… Read More

Insurtech Startup Coya Secures $10 Million During Seed Funding Round Led By Peter Thiel’s Valar Ventures

German-based insurtech start-up Coya has reportedly secured $10 million during its latest seed funding round, which was led by Peter Thiel’s fund Valar Ventures with participation from e.ventures and La Famiglia. According to Business Insider, Coya was founded by two veterans of German lender Kreditech and former Vienna Insurance… Read More

Operating System for Wealth Managers Addepar Raises $140 Million

Last week it was announced that fintech wealth management platform Addepar had raised $140 million in its Series D round of funding. The funding round was led by Valor Equity Partners, 8VC and investment manager Harald McPike. Operating System for Wealth Managers Based in Mountain… Read More

Charlotte Fintech Firm AvidXchange Announces Partnership with Mastercard and Capital Raise of $300M

Charlotte-based fintech firm AvidXchange, which provides accounts payable and automated payment solutions to midsize businesses, announced a strategic partnership with Mastercard along with a separate capital raise of $300 million. Both the strategic partnership with Mastercard and the capital raise of $300 million will go towards the… Read More

Kreditech Russia Receives MFC Status from Central Bank of Russia

Kreditech Group subsidiary, LLC MFC  Kreditech Russia, received the status of a Microfinance Company (MFC) from the Central Bank of Russia. A new federal law in Russia aims to make the microfinance market transparent and understandable and requires MFC status for all alternative lending companies operating in… Read More

Survey: Top Reasons Angels Invest? Management Team, Followed by ROI

A new survey published today provides evidence that Angel investors are “not just in it for the money.” Propel(x), a San Francisco-based online investment platform, collaborated with Peter Thiel’s Breakout Labs, MIT Alumni Angels of Northern California and Innovation Node Los Angeles (part of the… Read More

#LenditUSA Bigger than Ever as Online Lending Begins to Mature

  LenditUSA 2016 was bigger than ever. If you look back just three years the venue and the organizers have scaled what was once a relatively small gathering of 375 industry participants in 2013 to one that is truly a global event with over 3,500… Read More

Peter Thiel to Deliver Keynote Address at LendIt USA 2016

On Tuesday, organizers of LendIt USA 2016 announced that Paypal’s co-founder and first outside investor in Facebook, Peter Thiel, is set to deliver the keynote address at the forthcoming event. LendIt is considered the largest conference series dedicated to connecting the global online lending community. The… Read More

Send this to a friend