Despite a challenging year in the cannabis industry, venture investors poured over $2.3 billion into cannabis startup in 2019, up from $1.5 billion in 2018.
Global funding last quarter hit an all-time high, marking the first single quarter to reach above $100 billion, according to Crunchbase data. In the first quarter of 2021, global venture investments reached $125 billion, a 50 percent increase quarter over quarter and a whopping 94 percent increase year over year, Crunchbase data shows.
Some of Europe’s biggest tech companies are calling for a 100 billion-euro ($118 billion) fund to kick-start the creation of regional champions in green technology, science-driven startups and other new industries. The leaders of around 35 unicorns and startups including Blablacar, FacilityLive and Cabify.
ServiceTitan, the world’s leading provider of software for the trades, today announced a $500 million round at an $8.3 billion valuation. The round was led by Tiger Global Management and Sequoia Capital Global Equities with participation from H.I.G. Growth Partners.