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Ready? Let’s talk money, startups and spicy IPO rumors. The huge sale of Utah-based startup Divvy to Bill.com is still bouncing around my head this week, not only because the $2.5 billion exit was huge for both the company and its local scene, but also because its target market is exciting to watch. Divvy competes in what we call the corporate spend market with a few other unicorns, including Ramp and Brex. Now with Divvy taken off the table, the pair of competitors are differentiating in a few ways that matter. And Brex is getting back on its billboard game. ....
/PRNewswire/ Upsie, a consumer-centric platform for purchasing product warranties, today announced it has raised a $18.2 million fundraising round led by. ....
Upsie, a St. Paul, Minn.-based consumer-centric platform for purchasing product warranties, raised $18.2m in Series A funding. The round was led by True Ventures with participation from Concrete Rose VC, Avanta Ventures (CSAA Insurance Group, a AAA insurer), Kapor Capital, Samsung Next, Massive, Backstage Capital, Awesome People Ventures, Draft Ventures, Matchstick Ventures, M25, Silicon Valley Bank, Bread & Butter Ventures, Ordinary Ventures, Diverse Angels, Imagination Capital, Uncommon VC, Marc Belton, Daren Cotter (Founder and CEO of InboxDollars), George Azih (Founder and CEO of LeaseQuery), Richard Parsons, Anton Vincent, Sri Pangulur, Damon DiVito, Jon and Lottie Rezneck, etc. The company will use the funds to hire, increase customer awareness and continue building its warranty product offerings and verticals. ....
Scoop: CNN president Jeff Zucker joins board of Group Nine SPAC Photo by J. Countess/Getty Images Group Nine Acquisition Corp., a special purpose acquisition company (SPAC) sponsored by media company Group Nine, is adding CNN president Jeff Zucker and Technicolor SA vice chair Melinda (Mindy) Mount to its board of directors, Axios has learned. Why it matters: Media watchers are obsessed with Zucker’s moves as he considers his next chapter after CNN. Zucker runs one of the world’s largest news organizations, and is credited with leading CNN’s digital transformation. The idea behind the Group Nine SPAC is to consolidate digital properties to create scale. ....
Share this article Share this article NEW YORK, Jan. 20, 2021 /PRNewswire/ Group Nine Acquisition Corp. ( GNAC or the Company ), announced today the closing of its initial public offering of 23,000,000 units which included the full exercise of the underwriters over-allotment option, at a price of $10.00 per unit, resulting in aggregate gross proceeds of $230,000,000. GNAC is a newly organized, blank check company formed by Group Nine Media, Inc. for the purpose of carrying out a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. The units began trading on the Nasdaq Capital Market ( Nasdaq ) under the ticker symbol GNACU on January 15, 2021. Each unit consists of one share of GNAC s Class A common stock and one-third of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at an exercise pri ....