Insight Partners, a New York-based private investment fund, has raised $20 billion for its twelfth fund, far exceeding the previously reported $16 billion target . The new fund brings the 26-year-old firm’s assets under management to $90 billion, according to a press release. Separate from the new fund, Insight has raised more than $15 billion in new capital in the last three years, ranking...
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Crypto Company Bakkt’s Make-or-Break Deal
The crypto industry is littered with the corpses of now-shuttered businesses. Among the survivors, at least so far, is Bakkt, a crypto company founded by New York Stock Exchange owner Intercontinental Exchange. But after a previously unreported second round of layoffs earlier this month, a slew of executive exits and the shuttering of its consumer app, few would be betting on Bakkt. Yet Bakkt...
Coinbase Hires Former Shopify Executive as Country Director
Circle’s USDC Outflows Exceed $10 Billion Since Crypto Bank Crisis
Virgin Orbit Lays Off 85% of Staff, Ceases Operations
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