Vercel, which sells a cloud-based platform for building and hosting applications and websites, has raised $150 million in Series D funding led by GGV Capital at a valuation of $2.5 billion. This is Vercel’s second funding round in six months, following a $102 million Series C in May led by Bedrock Capital. Vercel has now raised more than $310 million, up from $21 million when The Information...
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Kickstarter’s Blockchain Plans Risk Challenge From DAOs; Congress’ Meta Concerns
Kickstarter’s planned transition to a blockchain-based platform next year further highlights the growing intersection of crypto and crowdfunding. The crowdfunding site plans to make the switch next year, according to Bloomberg. But that may not be soon enough to compete with blockchain-based groups called decentralized autonomous organizations, or DAOs, which are capturing VC interest and...
Quick Commerce Startup FastAF Valued at $200 Million
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‘The Trust is Gone’: Lawmakers Press Instagram Head at Senate Hearing
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