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Supply chain software startup Flexport lays off 20% of its global workforce, or roughly 640 employees; the company was valued at $8B in February 2022 (Riley de León/CNBC)
Riley de León / CNBC: Supply chain software startup Flexport lays off 20% of its global workforce, or roughly 640…
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German drugmaker BioNTech acquires London-based AI startup InstaDeep for up to £562M to help harness machine learning to improve drug discovery (Hannah Kuchler/Financial Times)
Hannah Kuchler / Financial Times: German drugmaker BioNTech acquires London-based AI startup InstaDeep for up to £562M to help harness…
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Sources: crypto payments startup Wyre told its staff it's shutting down; Bolt planned to acquire Wyre for ~$1.5B, but the deal was canceled in September 2022 (Axios)
Axios: Sources: crypto payments startup Wyre told its staff it’s shutting down; Bolt planned to acquire Wyre for ~$1.5B, but…
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The SEC says FTX made two $100M investments using customer funds in fintech company Dave in March 2022 and blockchain startup Mysten Labs in September 2022 (CNBC)
CNBC: The SEC says FTX made two $100M investments using customer funds in fintech company Dave in March 2022 and…
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Jakarta-based Akulaku, a digital banking startup which offers a virtual credit card, neobank, and more, raised $200M from Japan's Mitsubishi UFJ Financial Group (Catherine Shu/TechCrunch)
Catherine Shu / TechCrunch: Jakarta-based Akulaku, a digital banking startup which offers a virtual credit card, neobank, and more, raised…
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Boston-based cybersecurity startup Snyk raised $196.5M at a $7.4B valuation, down 12% from its round in September 2021, bringing its total raised to $1.075B (Ron Miller/TechCrunch)
Ron Miller / TechCrunch: Boston-based cybersecurity startup Snyk raised $196.5M at a $7.4B valuation, down 12% from its round in…
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Istanbul-based delivery startup Getir closes its acquisition of Berlin-based rival Gorillas, valuing the group at $10B; sources: Gorillas was valued at ~$1.2B (Tim Bradshaw/Financial Times)
Tim Bradshaw / Financial Times: Istanbul-based delivery startup Getir closes its acquisition of Berlin-based rival Gorillas, valuing the group at…
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