Amazon has raised $8B in a loan secured by DBS Bank and Mizuho Bank. The company reportedly secured the loan to prepare for a potential market downturn in 2023. More: - The loan is set to mature on Jan. 3, 2024, and has an extension option for another 364 days afterward.
- While Amazon's revenue dropped in 2022, this loan signifies that the company expects further challenges ahead, as confirmed by company representatives.
- Amazon's sales were boosted by the lockdown during the pandemic, leading to the company doubling its fulfillment spaces.
- Soon after opening these spaces, Amazon had to close a number of them due to lower demand caused by rising prices due to the war in Ukraine and general inflation.
- As a reactionary measure, the No. 1 e-commerce company in the U.S. plans to lay off over 10,000 employees this year, according to reports.
- As of Q3 2021, Amazon had $35B in cash and cash equivalents and $59B in long-term debt.
- The company's share price in 2022 dropped by 50%, while its market cap value dropped by $834.06B.
| |
Nexus Venture is set to raise $700M to invest in U.S. and Indian startups. Nexus Venture is a VC firm based in India. More: - Nexus Venture will invest in early-stage internet-based startups both in the U.S. and India, becoming the second largest fund ever to be raised in India, behind only Sequoia's $2.85B fund.
- Once the firm closes this funding round, it will take its asset under management amount to $2B.
- Participants in the fund include global pension funds, family offices, and endowment funds.
- Nexus Venture's portfolio includes startups such as:
- Acorn,
- Clover Health,
- Helpshift,
- Delhivery,
- Unmetric,
- Talent Sprint, etc.
- The firm was founded in 2006 and has had around 44 exits from its 321 investments.
| |
 A message from BIGID Automatically find, classify, and protect the data that matters most to you – on-demand, and at scale. Reduce risk, protect your data, and jumpstart DSPM today. Sometimes, big things come in small packages. Try SmallID free for 14 days, with plans starting as low as $2,000 a month. With SmallID, you can: - Easily and automatically find your cloud data
- Flag, tag, and classify the data that matters most to you: including sensitive, customer, PCI, secrets, and more
- Discover secrets and passwords in dev environments, code repos, and everywhere in between
- Uncover dark data & improve your security posture
Start the new year off right: reduce the risk of data breaches, improve your security posture, and save time. Get started in minutes with an exclusive Inside.com free trial. “SmallID makes it easy to manage risk, understand our data assets, and protect our data - it does everything I need to support our security strategy as we grow.” - Walter Burge, Lumosity Claim your free trial
| |
Boston-based VC firm M33 Growth has closed a $340M fund. The company is known for investing in startups such as Acclivity Health, AssuriCare, and GoDocs. More: - M33 Growth is a VC firm that aims to invest in profitable companies that were bootstrapped for a certain period and have proven to be resilient businesses, which have $5M ARR, are based in the U.S. or Canada, or have raised less than $10M in funding.
- Typically the company invests between $10M-$40M.
- The firm stated that the funding was secured by endowments, philanthropic foundations, family offices, etc.
- M33 invests in three main verticals:
- Healthcare,
- B2B software,
- and tech-enabled services.
- Since its inception in 2016, the firm has raised $420M and has invested in 16 startups.
| |
Sequoia-backed Sirion Labs has raised a $25M Series D extension funding round to expand its contract lifecycle management solution. The company's Series D funding now totals $110M. More: - SirionLabs provides a contracting platform that enables legal officials to author contracts and improves risk management collectively.
- The product is used by more than 250 organizations to manage over 5 million contracts worth more than $450B in 70+ countries.
- Some of the company's clients include:
- Vodafone,
- Allianz GI,
- Unilever, etc.
- Brookfield Growth led the latest funding round for Sirion Labs.
- The company aims to use the funds to expand its position in the enterprise CLM market, advance its AI capabilities, and integrate with SAP S/4HANA®, Salesforce, and Microsoft 365.
- The company has previously raised funds from Sequoia India, Tiger Global, Partners Group, etc.
- Sirion Labs is based in Seattle, Washington DC., and Gurgaon, India.
| |
 A message from ARRIVED Unbelievable: a must-see real estate investing hack. We know real estate has outperformed the S&P500 over the past 20 years as an asset class. Plus, it's tangible. But most don’t do it. You need massive upfront capital, it takes a ton of setup & expertise, and then you have to manage it. Exhausting. Here's that secret hack: Arrived. Arrived is an easy-to-use real estate investment platform offering SEC-qualified investments, and it’s backed by world-class investors like Jeff Bezos and Marc Benioff. In a few clicks, you can: - Browse properties (<1% make it through vetting): AirBnBs, long-term rentals, and more coming soon.
- Pick your favorites: invest anywhere between $100 to $50K per property.
- Boom: you're officially earning income and appreciation while Arrived manages your properties.
Both first-time investors and long-time real estate millionaires are flocking to Arrived, funding over 200 properties and $75M of property value since last year. Demand is high. What’s holding you back? Launch My Real Estate Empire
| |
Singapore-based AI company Motion G has raised a $15M Pre-Series A funding round to reduce R&D costs for companies. New Wheel Capital led the funding round. More: - Motion G is developing an intelligent engineering platform that not only aims to reduce R&D costs for companies but also to reduce the time needed to market the product, enable features on demand for low-cost delivery, verify designs in real-time, and make industrial products smarter and more efficient to operate.
- The company's solution is used in flexible transport systems, Li-ion batteries, food and beverage packaging systems, oil drilling rigs, industrial robots, semiconductors, automated guided vehicles, electric tools, etc.
- Motion G aims to use the funding for the further development of its data models and for the overall improvement of the software used in its engineering intelligence platform.
| |
Samsung-backed Lumotive has raised $13M to offer semiconductor chips that enable 3D sensing features. 3D sensing can be used in the consumer, robotics, mobility, and industrial verticals. More: - Lumotive builds LiDAR technology for the automotive, robotics, mobility, and industrial sectors. Its main product is Light Control Metasurface chips that have 3D sensing features.
- USAA and Uniquest led this funding round, while the company has been previously backed by Samsung through its investment arm, Samsung Ventures.
- The company has raised $56M since its inception in 2018.
- Lumotive is based in Seattle, Washington.
| |
Quick Hits: - This year, try a resolution that sticks — going to therapy with BetterHelp. Save 25% off your first month.*
- Construction design platform Snaptrude has raised $6.6M in a funding round led by Accel and Foundamental VC, with participation from Possible Ventures, Clark Valberg, RFC, CapitalX, Thilo Konzok, etc. Snaptrude is based in New York.
- Watalook, a Lithuania-based beauty tech startup, has raised a $3.1M Seed round led by byFounders and Practica Capital.
- South Korea-based supply chain solutions company SeaVantage raised $1.3M in a funding round led by We Ventures with participation from Bluepoint Partners, IBK Capital, Lindeman Asia Investment, and BDC Labs.
- Rabobank has acquired a minority stake in GIGA Storage BV, a large-scale battery energy storage developing company. The investment was made through Rabobank's investment arm, Rabo Investments.
*This is sponsored content.
| |
Upcoming events at Inside: - January 05 - AMA with Gun.io - Building and managing software development teams w/ Deividi Silva (Watch On Demand)
- January 06 - AMA with LinearB - Improving workflow for developers w/ Ori Keren (Watch On Demand)
- January 10 - Inside Startups Coffee Break (Register Here)
- January 17 - Inside Marketing Coffee Break (Register Here)
- January 31 - Growth Summit 2023 (Register Here)
| |
 |  | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
Automatically find, classify, and protect the cloud data that matters most to you with SmallID. | |
| |
Comments
Post a Comment