Venture capital firms raised $20.6 billion for new funds in the fourth quarter, a 65% drop from the same period the year prior and the lowest fourth quarter capital raise since 2013, The Wall Street Journal reported , citing data provider Preqin. The fundraising dip is not surprising. Limited partners, the institutions and wealthy individuals that invest in VC funds, have for months said that...
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Fintech’s Big Wakeup Call
Fintechs were supposed to transform banking by making it dead simple for users to open savings accounts or pay their bills. But a series of recent high-profile setbacks with both fintechs and the traditional banking sector is setting off alarm bells. This month’s series of bank collapses has shined a spotlight on the health of small banks, typically a behind-the-scenes partner of...
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SpaceX Plans New Funding With Backing From Saudi, UAE Investors
