This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. It was an admittedly loony project in the first place: Loon, a much-hyped project aiming to deliver internet via helium balloons, will be shuttered, Google’s parent company Alphabet said […]
The valuation of Airbnb soared to new heights in its debut in public markets, even while the pandemic kept revenues depressed. Now another unicorn startup focused on the travel space is also getting an upround: TripActions, a maker of corporate travel and expense software, announced that it had raised $155 million in funding Thursday, bumping […]
Good morning, Term Sheet readers. With just hours to go until Joe Biden’s inauguration, President Donald Trump handed out a flurry of pardons, including ones to former White House strategist Stephen Bannon and other longtime political allies. But some pardons came as a surprise: The White House announced the pardons of rappers Lil Wayne and […]
Multiverse, an education startup formerly known as White Hat, has raised $44 million in Series B funding as it enters the U.S. market and looks to hire some 200 new employees. Co-founded by Euan Blair, son of former U.K. Prime Minister Tony Blair, the startup seeks to act as an alternative to the typical four-year […]
Doug Leone, a venture capitalist at Sequoia Capital, was among the few prominent supporters of President Donald Trump in the tech community. While quiet to the media in his support, the investor has donated hundreds of thousands to Trump-related re-election campaigns and reportedly sought to use his ties in a bid to help keep a […]
Doug Leone, a venture capitalist at Sequoia Capital, was among the few prominent supporters of President Donald Trump in the tech community. While quiet to the media in his support, the investor has donated hundreds of thousands to Trump-related re-election campaigns and reportedly sought to use his ties in a bid to help keep a […]
This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. Visa and Plaid mutually agreed to end their $5.3 billion deal late Tuesday. Roughly a year ago, Visa announced plans to acquire the fintech company, heralding a spate of […]
Nothing says this place is popping more than millions of dollars in a round for a . While Europe was previously considered a dreary place for startup creation, the impression has changed in recent years. Venture capital firms have since zoned in on the area, putting billions of dollars into the continent: In September, Swedish […]
Tech’s reaction to the breaching of Capitol Hill by a group of pro-Trump protestors took over the news cycle this weekend. Much of the news has zoned in on Parler, a social media platform that has become a haven for President Donald Trump’s supporters as Facebook and Twitter have clamped down on the spread of […]
This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. The SPAC attack continues. Lending startup SoFi on Thursday announced that it had agreed to merge with Social Capital Hedosophia Holdings Corp V, a blank-check company led by investor […]