/PRNewswire/ Willog, a leading cold chain monitoring solution provider, announced a strategic partnership with GBD Chile, a solution distributor in the.
A rapid tightening of global liquidity is dealing hefty blows to local startup companies, as many of them are forced to accept much-lowered corporate valuations to attract new investments. An overall drop in new investments made by venture capital companies has forced startups to sell their stakes at much lower prices. For instance, Balaan, a high-end fashion shopping commerce platform, recently received 10 billion won ($7 million) from Shinhan Capital at a corporate value of 300 billion won. That is less than the half of what that the fashion platform company originally aimed to attract in investments at the start of this year. The company hoped to be appraised at 800 billion, yet it had to cut its valuation down to 500 billion won a few months later. Finally, it was able to attract Shinhan Capital s money at a value of 300 billion won in late September. Balaan s competitor Trenbe also lowered its corporate valuation to 280 billion won in its latest investment round, down 30 percent f
Startup Funding: May 2022 semiengineering.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from semiengineering.com Daily Mail and Mail on Sunday newspapers.
Point2 Technology, a provider of high-performance, low-power connectivity solutions for cloud and 5G infrastructure, has announced a $22m Series B funding round.