Funding Rundown: Open To Show Unicorn, Hasura Enters Billion-dollar Membership, Prime Venture Companions Closes 4th Fund At $120m, Medibuddy Raises $125m & Shipsy Will Get $25m
This brings us to this week, when Armis announced one other funding round, this time hitting a $2 billion valuation, practically doubling its earlier worth. The precise particulars have but to be released, however in accordance with reviews the investment lies someplace in the $125 million vary, with no secondary components. He additionally feels that the company will stay non-public for so lengthy as it is feasible, with none instant plans to take the general public route. The partnership with Brookfield might be the accelerator required for an enormous IPO sooner or later, in his opinion.
The collaboration will allow each Giift and Xoxoday to enlarge their service offerings and collectively speed up progress globally, the firm stated in an announcement. Existing investors Prime Venture Partners, JS Capital along with others, additionally participated within the funding round. Avendus Capital was the unique financial advisor to Niyo on the transaction.
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