Reddit Valuation Soars to $10bn in New Funding Round

Reddit Valuation Soars to $10bn in New Funding Round

Reddit has raised $410m from Fidelity Investments at a valuation of about $10bn. Six months after closing a funding round that doubled its valuation, Reddit is locking in a roughly 50% increase, driven by money managers hunting for investments. The company said it...
Chrono24 Secures $1.3bn Valuation In LVMH-Backed Funding Round

Chrono24 Secures $1.3bn Valuation In LVMH-Backed Funding Round

Chrono24 has received a $1bn valuation after securing $116m of funding – some of which has come from LVMH-backed, Aglaé Ventures. The watch industry is one that markets itself on tradition and heritage which, unsurprisingly, makes it very resistant to change. These...
Tim Hortons China nears deal to go public through SPAC

Tim Hortons China nears deal to go public through SPAC

The joint venture that runs the Chinese locations of iconic Canadian coffee shop chain Tim Hortons is nearing a deal to go public through a merger with blank-check company Silver Crest Acquisition Corp. A transaction could value the combined entity at about US$1.8bn...