This summary is generated by an algorithm. If you find any mistakes, let us know.

Delivery E-Commerce North America Trading Platform Wine And Spirits

Foxtrot Market Closes $42 Million In Series B Investment Round

– Foxtrot Market received a $42m Series B investment round led by David Barber’s Almanac Insights and Monogram Capital Partners.
– The round was also backed by David Chang, Nicolas Jammet, and Walter Robb.
– Foxtrot Market plans to double its store count by the end of 2021.
– Foxtrot will also expand its line of private label packaged goods and gift offerings, and continue to invest in nationwide shipping.
– Foxtrot has made three new appointments to its executive team: Sumi Ghosh, COO; Scott Holloway, SVP, Delivery; and Caroline Barry, VP, Strategy.

Source
Bitcoin Blockchain Cryptocurrency Financial Services FinTech North America Trading Platform

Mogo Announces Strategic Investment in Coinsquare, Canada’s Leading Digital Asset Trading Platform

Mogo announced its investment in Coinsquare.
– The investment is part of a strategic partnership with Coinsquare, Canada’s leading digital asset trading platform.
Mogo will acquire 19.99% ownership of Coinsquare for total consideration of approximately $56.4 million.
Mogo will also have the right to acquire an additional 20% ownership interest in Coinsquare through purchases of shares from current shareholders and the exercise of warrants under certain conditions.
– The strategic investment builds on a multi-year relationship between the two companies.
– Coinsquare acts as the trading platform for MogoCrypto, a service Mogo launched in 2018 to allow its members an easy and convenient way to buy and sell bitcoin.

Source
Apps Europe Finance Financial Services FinTech Trading Platform

Tickr, which allows retail investors to back impact companies, secures $3.4M from Ada Ventures

– Tickr, an app that allows U.K. consumers to make financial investments based on their impact on society and the environment, has secured £2.5m in funding lead by Ada Ventures, a VC which focuses on “impact” startups.
– The cash will be used for product development, expanding the user base, and eventually taking Tickr into other European countries from its current U.K. base.
– The core business model is £1 p/m per customer, plus 0.30% on assets above £3,000. Additional products, like carbon offsets, for example, are charged as a separate additional subscription depending on the tier selected.

Source
Cryptocurrency Financial Exchanges Financial Services FinTech North America Trading Platform

Robinhood Raises $3.4 Billion in Funding

– Robinhood is a Menlo Park, California-based provider of an online trading app.
– The company raised $3.4bn in funding.
– The round was led by Ribbit Capital with participation from existing investors including ICONIQ Capital, Andreessen Horowitz, Sequoia, Index Ventures, and NEA.
– The new investment will be used to continue to invest in customer growth and build and enhance products that give more people access to the financial system.

Source
Crunchbase icon

Content report

The following text will be sent to our editors: