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The night before IVP s Tom Loverro submitted a $100 million term sheet, Coinbase s CEO called him. I remember feeling nauseous, Loverro told Insider. A major cryptocurrency had crashed.
Coinbase is expected to go public this week, and IVP s stake could be worth up to $3.33 billion.
On June 22, 2017, the night before he submitted an offer to buy $100 million worth of equity in a young crypto startup called Coinbase, the venture capitalist Tom Loverro received a troubling phone call from the startup s CEO, Brian Armstrong.
It was about 8 p.m., and Loverro, a general partner at the venture firm IVP, had just finished dinner with his family, he said. The digital currency Ethereum had experienced a flash crash that day, and the price fell from about $296 to a low of $0.10 in a matter of minutes.
Veriff Secures $69M in Series B Funding to Combat Online Fraud, Making Identity Verification Hassle-Free
Investment led by IVP and Accel empowers Veriff to meet accelerated global demand for AI-powered, video-first approach to identity verification
NEW YORK, April 12, 2021 /PRNewswire/ Veriff, a global identity verification provider, today announced that it has secured $69 million in Series B financing in a round led by investment firms IVP and Accel. This latest investment brings Veriff s total secured funding to date to $92.8 million. Jules Maltz of IVP and Matt Weigand of Accel will also join Veriff s Board of Directors as a result of the investment.
Estonia’s Veriff, a global identity verification provider, said that it has secured $69 million in Series B financing in a round led by investment firms IVP and Accel. This latest investment brings Veriff’s total secured funding to date to $92.8 million. Jules Maltz of IVP and Matt Weigand of Accel will also join Veriff’s Board […]
Eestlaste Veriff kaasab investoritelt 58 miljonit eurot Läheb suuremat sorti värbamiseks - Ärileht arileht.delfi.ee - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arileht.delfi.ee Daily Mail and Mail on Sunday newspapers.
Hopin
Hopin can claim to be a winner of the coronavirus pandemic.
The online events startup is valued at $5.65 billion less than two years into its existence.
We spoke to Hopin s 26-year-old founder and its investors about its early days and growth.
In June 2019, Johnny Boufarhat incorporated a company called Hopin with the UK s Companies House register.
His idea was fairly straightforward. Online conference and events were bad and the software was worse, so why not create something better?
So Hopin was born, offering conferencing software to make it easy to run everything from trade expos to social events online, starting at $99 a month.