OKX Ventures, the investment arm of OKX, has announced its Series A investment in Taiko, a decentralized, Ethereum-equivalent ZK-Rollup that aims to scale Ethereum and enable a more inclusive Web3 ecosystem. Taiko is a Layer 2 solution that leverages zero-knowledge proofs (ZKPs) to achieve high scalability, low latency, and low fees, while preserving the security…
Tag: investment
Summit Partners invests in Insurcomm, a leading restoration services provider
Insurcomm, a provider of commercial and residential restoration services, has received a majority growth investment from Summit Partners, a global alternative investment firm. The investment will help Insurcomm expand its operations and acquire other providers who share its mission of delivering high-quality service to clients facing property loss events. Insurcomm offers a range of property…
Hoteles BESTPRICE reports record revenue and growth in 2023
PARIS, FRANCE: Hoteles BESTPRICE, a boutique hotel chain listed on the EURONEXT PARIS stock market, has announced its best year in history, with a net revenue of €5.46 million in 2023, a 29% increase from the previous year. The company also achieved an operating profit of €2.1 million, a 35% increase from 2022. The hotel…
Citi and BNP Paribas invest in United Fintech, a neutral platform for fintech innovation
United Fintech, a neutral Digital Transformation Platform that connects global financial institutions and cutting-edge technology providers, has secured strategic investments from Citi and BNP Paribas, two of the world’s leading banks. The deal, led by Citi, gives the banks rotating board seats and access to quarterly industry roundtables hosted by United Fintech, where they can…
Peugeot Invest exits Groupe SEB with €236 million deal
PARIS, FRANCE: Peugeot Invest has sold its entire stake in Groupe SEB, a French manufacturer of small appliances, for €236 million. The deal was done through a private placement to institutional investors at €106 per share, a financial news announcement noted. Peugeot Invest, an investment company majority-owned by Etablissements Peugeot Frères, had invested in Groupe…
How to Invest Money Wisely: A Guide for the American Business Man
If you are a successful business man, you may have accumulated a considerable amount of wealth in the past decade. You may also have a growing business surplus that you need to set aside for emergencies. But do you know how to invest your money wisely and make it work for you? Investing money is…
Coinsilium showcases its Web3 investment portfolio and future plans
LONDON, UK: Coinsilium Group Limited, a leading Web3 investor, advisor and venture builder, has released its latest investor presentation on its website and YouTube channel. The presentation covers the company’s investment and advisory activities in the Web3 space, as well as its vision and strategy for the future. Web3 is a term that refers to…
Aldar and Carlyle join forces to invest in European logistics and self-storage assets
Abu Dhabi, UAE: Aldar Properties, the UAE’s leading real estate developer, investor, and manager, has announced a strategic partnership with Carlyle (NASDAQ: CG), a global investment firm, to invest in logistics and self-storage assets in Europe. The partnership is part of Aldar’s international expansion plan, which aims to diversify its portfolio and tap into high-growth…
Nokia to invest €360 million in chip design for 6G and AI
ESPOO, FINLAND: Nokia announced today that it will invest €360 million in software, hardware and chip design at its Ulm and Nuremberg sites in Germany. The investment is part of a four-year project funded by the German government and the states of Baden-Württemberg and Bavaria. The project aims to develop high-performance systems-on-chips based on a…
GlobalData sells 40% stake in Healthcare division to Inflexion for £446m
LONDON, UK: GlobalData, a leading provider of data and analytics, has announced a major reorganisation of its business and a strategic partnership with Inflexion, a private equity firm. The deal will see Inflexion acquire a 40% stake in GlobalData’s Healthcare division, which offers insights and intelligence on the pharmaceutical, medical device, and biotechnology sectors. The…
Alpine Racing finalises sale of 24% stake for €200m to Otro Capital led group
BOULOGNE-BILLANCOURT: Renault Group and Alpine Racing announced the closing of the investment by Otro Capital of €200 million in Alpine Racing Ltd (based in England), announced on 26 June 2023, in the form of a 24% equity stake, to support Alpine’s growth strategy and sporting ambitions in Formula 1. Alec Scheiner, co-founder and partner of…
Wonder Group, a startup founded by ex-Walmart e-commerce chief, lands $100mn deal with Nestle
Wonder Group, a food-delivery startup that sells high-tech kitchen equipment and customized ingredients to businesses, has received a $100 million investment and a strategic partnership from Nestle, the world’s largest food and beverage company, CNBC said. The deal, which was confirmed by both companies but not disclosed publicly, will help Wonder expand its reach and…