General Atlantic

Airbnb confirms $1.5 billion fund raising round

Airbnb, the US home-sharing startup, has confirmed closing of $1.5 billion fund-raising round. The latest closure of fundraising puts the unicorn startup at staggering valuation.

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Online lender Avant Inc raises $659mn from JPMorgan, PE firms

Chicago-based start-up lender Avant Inc has mobilized $325millions in its latest round of funding from a private equity (PE) firm General Atlantic and JPMorgan Chase & Co. Balyasny Asset Management and Tiger Global Management LLC are also investing in the round taking total fund-raising for Avant to $659mn till date. General Atlantic-led round is expected to close in October. With this fund-raising, the valuation of Avant is pegged at $1billion. The start-up firm is planning to use the mobilized funds to offer various financial products and fund its global expansion plan.

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Squarespace gets USD40 million Series B funding

Online website maker Squarespace has taken in USD40 million worth of Series B funding, reported TechCrunch.

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Citius Tech receives "significant investment" from General Atlantic

CitiusTech, a healthcare IT firm, was able to get an undisclosed substantial investment amount from growth equity firm General Atlantic, a statement about the funding said.

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Swedish payments firm Klarna adds Germany's SOFORT for $150M

Sweden-based online payments company Klarna has bought Germany-based firm SOFORT in an acquisition deal valued at $150 million to become one of Europe's biggest independent payments alternative.

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UK's Press Association sells weather business for £160M

PA Group, the parent company of UK's national news agency Press Association, is to sell its weather unit MeteoGroup to private equity group General Atlantic in a deal valued at £160 million (€190 million).

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General Atlantic invests $44 mln in Turkish online food firm

New York-based private equity firm General Atlantic LLC has invested $44 million for a minority stake in Turkey's

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Bain Capital to buy 30 pct stake in Genpact

Business process and technology services provider Genpact Ltd said U.S. private equity firm Bain Capital Partners will buy a 30 percent stake in the company from General Atlantic and Oak Hill Capital Partners.

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General Atlantic invests $125 mln in Box

Private equity firm General Atlantic LLC has invested $125 million in Box.

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Facebook backer turns his attention to Brazil

One of Facebook's earliest investors has turned his attention to a distant market with a small but lively start-up scene: Brazil.

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