Online used car retailer Vroom raised $254 million in a funding round that a source said gave it a $1.5 billion valuation. Some of the new capital will be spent on expansion of its Detroit product and engineering facility.
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Cyberhaven, a startup focused on helping companies defend against theft of trade secrets, raised $13 million in Series A funding. The company will use the capital to support development of its product.
SignalFire led a $6 million seed round for Apostrophe, a startup that brings patients and dermatologists together. Apostrophe facilitates the distribution of the prescriptions needed as part of a treatment plan.
Shipium, a startup that helps retailers with their logistics, raised $2 million in its seed round. The company describes what it provides to its clients as "supply chain optimization and data processing as a service."
US Treasury Secretary Steven Mnuchin says he and Federal Reserve Chairman Jerome Powell agree there is no need for the central bank to introduce a digital currency. Mnuchin says that he has no problem with Facebook creating a digital currency but that it must comply with rules on money laundering and bank secrecy.
Wildlife Studios, a mobile game studio launched in Brazil in 2011, raised $60 million at a $1.3 billion valuation. "Over the last couple of years, we expanded our team presence internationally, opening offices in the US," said CEO Victor Lazarte.
EU finance ministers say they don't want any new stablecoins, like Facebook's Libra, launched until the bloc has developed a common approach to govern them. Stablecoins could provide certain benefits, but they also pose challenges related to issues such as consumer protection, taxation and money laundering, according to a statement from the European Council and European Commission.
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