![]() ![]() Based in New York and operating largely in China, ETAO also first announced its deal in January. Separately, telemedicine specialist ETAO International amended the terms of its planned SPAC deal, slicing its valuation from $2.5 billion down to $1 billion. Those aren’t special effects-the stars of Stranger Things just look a little older these days. ![]() DNEG had announced plans to go public in January by combining with Sports Ventures Acquisition, a blank-check vehicle led by longtime metals executive Alan Kestenbaum. One would-be deal is off the table, and the other is suddenly looking a lot smaller.ĭNEG, a U.K.-based visual effects studio that’s probably best known for its work on Stranger Things, called off its agreement to merge with a SPAC at a $1.7 billion valuation, citing both the slumping SPAC market and broader market volatility. Two companies getting ready for SPAC mergers had to adjust their plans this week. Investors in the round include 3L Capital, Assembly Ventures and Dragoneer Investment Group. #Mogul moves driversLike at Wonder, wheels are a big part of the business model at Metropolis Technologies, which raised its own $167 million in funding this week: The Los Angeles-based startup is developing computer-vision tools that let drivers automatically pay for parking at lots and garages without having to scan a card or a phone. Last year, he teamed up with Alex Rodriguez to acquire the NBA’s Minnesota Timberwolves. Lore is best known for founding ecommerce startups Quidsi and Jet.com, which he eventually sold to Amazon and Walmart, respectively. Bain Capital Ventures led the funding, while other big names like Accel, NEA and General Catalyst also took part. Instead of picking up food from other eateries, Wonder buys the rights to recipes from famous chefs and restaurants and prepares meals in its own network of mobile kitchens. Lore raised $350 million in funding this week for Wonder, his twist on a meal delivery startup, resulting in a $3.5 billion valuation. Splashy funding rounds for speculative startups have fallen out of fashion amid the recent tech downturn. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |