Unicorn Nest news
– 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.
– 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.
– 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.
Unicorn Nest news
– 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.