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Starling Bank could be set for a unicorn valuation with a fresh funding round. Fidelity has been eyeing Starling for a number of years with a view to investing. Read more here.
Ryan Graves, the billionaire former Uber exec who was the ride-hailing app's first hire, just announced his largest private investment since he left the company in 2019, and it's a bet on the future of auto insurance. Graves is committing $50 million into Metromile, a pay-per-mile auto-insurance provider. He's joining the likes of Mark Cuban and Chamath Palihapitiya, who have together poured $160 million in private investments into the company as it prepares to go public in a $1.3 billion SPAC deal with NSU Acquisition Corp. II. Get the full rundown here.
Knotel, once one of the brightest names in the flex-space industry and a self-proclaimed WeWork rival, has filed for bankruptcy and plans to sell its business to the publicly-traded real-estate services company Newmark. You can see Knotel's leaked financials here.
Mark Wahlberg, the movie star and owner of burger chain Wahlburgers, wanted to be able to talk to all the employees and customers at his restaurants at once — to "go live" from one of the chain's locations and communicate with everyone in the store at once. Now he's an investor in an internet-of-things startup's latest fundraising round. See Raydiant's full pitch deck here.
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