Tag: Funding
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Why Santander spinning off Innoventures is interesting
Santander, the Spanish banking giant, announced in September that from now on, Innoventures would operate as a separate entity. It is the bank’s Corporate Venture Capital (CVC) unit, set up in 2014 and responsible for investing into promising startups. It will be called Mouro Capital and have $400 million under management. Not too bad to…
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Stripe scores a big funding round, is it surprising?
Stripe, the payments’ processing company, added $600 million to its Series G funding round in April 2020. Yes, Series G is a long way down from a Series A. Venture Capital heavyweights Andreessen Horowitz, General Catalyst, GV, and Sequoia all participated in the fundraising. You kind of have to given the size of the round.…