Deliveroo, a British food-delivery service active in Asia, Europe and the Middle East, raised $575 million in a funding round led by Amazon. The new capital will fund growth, Deliveroo CEO and co-founder Will Shu said.
Financial startup Fnality is to receive roughly $50 million from some of the world's biggest banks to develop a blockchain-based digital cash system to settle transactions, sources say. About a dozen banks reportedly will participate.
OpenFin has raised $17 million in Series C funding, with Wells Fargo leading the round and with Barclays, Bain Capital Ventures, JPMorgan Chase and Pivot Investment Partners investing, bringing total funding to $40 million. The operating system and app store provider plans to use the money to further product innovation.
Chinese coffee startup Luckin Coffee raised $571.2 million in its initial public offering on the Nasdaq. That figure could grow to $650.8 million if underwriters fully exercise their options on greenshoe shares.
GetYourGuide, a Berlin-based travel startup, has raised almost $500 million in a funding round led by the SoftBank Vision Fund. The company plans to use the money to expand the variety of tours and events it offers.
Shares of Pinterest fell 15% after the social media platform reported a first-quarter loss of 32 cents a share, almost triple what analysts had expected. The quarterly earnings report was the company's first since its initial public offering.
The Venture Capital Foundation is hiring a full-time Programs Director and Research Director. Newly created and not yet formally launched, The Venture Capital Foundation ("Foundation") is a 501(c)(3) organization focused on preserving the past and shaping the future of the U.S. venture capital ecosystem to ensure it continues to positively benefit the economy and society, as well as reach its full potential as it evolves. The Foundation is a supporting organization of the National Venture Capital Association (NVCA). To apply for the Programs Director, go here. To apply for the Research Director, go here.
Join us at 30 Rock for VC StratComm LIVE: Meet the Press
On June 24, join VC marketing, communications, and investor relations professionals as we "Meet the Press" and learn how to better position your firm with the media. Hosted in partnership with Comcast Ventures, this networking and learning event will provide inside perspectives on how you can work to improve the effectiveness of your VC communication and marketing efforts in a rapidly changing environment. Register here.