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Latest Stories and News

Thought Machine nabs $83M for a cloud-based platform that powers banking services

  • TechCrunch
  • 3 months ago
  • Startup called Thought Machine, which has built cloud-based technology that powers this new generation of services on behalf of both old and new banks, is announcing some significant funding — $83 million — a Series B that the company plans to use to continue investing in its platform and growing its customer base.
  • The funding is being led by Draper Esprit, with participation also from existing investors Lloyds Banking Group, IQ Capital, Backed and Playfair.
  • In its last round, according to PitchBook estimates, the company was valued at around $143 million, which, at this stage of funding, puts this latest round potentially in the range of between $220 million and $320 million.

Founders: Why VC Funds are not Angels (and why this is important!)

  • Medium
  • 3 months ago

If you are a founder, it is important that you understand the difference between the angel and Venture Capital (VC) models as this might impact the type of funding that you will consider taking on.

Founders: Why VC Funds are not Angels (and why this is important!)