Root Insurance valuation hits $3.65 billion in latest round led by DST Global and Coatue – gpgmail

Root Insurance,  lang=”EN”>an Ohio-based car insurance startup that uses smartphone technology to understand individual driver behavior, said Monday it has raised $350 million on a $3.65 billion valuation in a Series E funding round.  The amount of the round was reported last month, citing anonymous sources. This official announcement fills in the remaining details, including […]

Mobile gaming is a $68.5 billion global business, and investors are buying in – gpgmail

By the end of 2019, the global gaming market is estimated to be worth $152 billion with 45% of that, $68.5 billion, coming directly from mobile games. With this tremendous growth (10.2% YoY to be precise) has come a flurry of investments and acquisitions, everyone wanting a cut of the pie. In fact, over the last […]

Techstars nabs $42M to expand its global presence – gpgmail

Techstars, a startup accelerator founded in 2006, has plans to double down on international growth with a new investment. SVB Financial Group, the holding company of Silicon Valley Bank, led the $42 million round in Techstars, with participation from Foundry Group. With $500 million AUM, Techstars is both a fund deploying capital to early-stage upstarts […]