Funding announcement
Klarna to raise USD1.3b in New York IPO
Swedish BNPL firm Klarna is preparing a renewed New York float, seeking as much as USD1.27 billion at a valuation a source puts at USD12.5-14 billion, after earlier delays.
Company
Citigroup
Funding history
Investors
Every investor coverage indicates participated in a round Citigroup raised.
What Citigroup bought
Companies Citigroup acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
People
| Name | Role | Sources |
|---|---|---|
| Sean Larcombe | Managing Director | SmartCompany (Fri 14 Aug 2020), SmartCompany (Tue 25 Jun 2019) |
Coverage
Stories naming Citigroup. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Fund close
$439m
Peter Beattie AC appointed Brandon BioCatalyst Chair
Brandon BioCatalyst has named Peter Beattie its chair as Bill Ferris retires, with Andrew Nash joining the board and Ross King becoming deputy; manager Brandon Capital's newly raised $439 million fund was noted.
Funding announcement
Macquarie Uni fintech takes on Australia's ETF players in US markets
ETF Shares, a Macquarie University incubator fintech with ETFS Capital backing, launches three US-focused ETFs for Australian investors via Cboe Australia, led by David Tuckwell (CIO) and Cliff Man (CEO).
Fund close
$100m
SISTER ACT: Nicola Forrest drops $100 million into an investment fund to back women
Future Generation launched Future Generation Women, a gender-lens fund seeded with $100 million from the Minderoo Foundation, with twelve women portfolio managers deciding investments pro bono; the trust is open to wholesale investors.
Key hire
DigitalX Appoints New CEO
DigitalX announces a new chief executive, Wade, whose career spans Citigroup, Bendigo Bank and a recent digital innovation role at National Australia Bank, referring readers to an ASX announcement.
Exit / M&A
Whitney Wolfe Herd becomes youngest woman to take tech unicorn public
Bumble's founder has listed the dating app on Nasdaq, becoming the youngest woman to take a tech unicorn public; the piece recalls Blackstone's 2019 majority purchase and details payouts around the offering.
3 deals
SEO startup Longtail UX bags $2.25 million from Woolworths and Lew family as e-commerce surges
SmartCompany reports SEO startup Longtail UX raised $2.25 million from Woolworths' W23 and Global Retail Brands, recalling earlier raises led by Investec and backed by Andrew Bassat and Sean Larcombe amid surging e-commerce demand.
Also Startup Daily
Unnamed stage
$2.5m
Aussie SEO startup Longtail secures $2.5 million as it embarks on international sales drive
Sydney search-optimisation software firm Longtail has raised $2.5 million from individual backers including Seek's co-founder, valuing it at $25 million, to fund sales expansion across Australia, the UK and the US.