Iconiq VCs courted Chime for two years, firm holds onto stake

Bitcoin reaches new all-time high of over $118,000 within 24 hours

Bitcoin reached a new all-time high of $118,900 on Friday, surpassing its previous record of $113,822 set on Thursday. As Read more

Conveyor Revolutionizes Vendor Security Reviews and RFPs with AI

Selling software to companies can be a daunting task, especially when it comes to meeting security requirements. Chas Ballew, founder Read more

Ready-made Stem Cell Therapies in Development for Pets

Earlier this week, San Diego startup Gallant announced $18 million in funding to bring the first FDA-approved ready-to-use stem cell Read more

Elon Musk’s Dodgy Election Claims Have Gone Viral with 2 Billion Views on X

The world’s richest man buys out one of the most popular social media platforms and uses it as a propaganda Read more

The neobank Chime went public, raising $864 million on a $27 share price. Although not the biggest IPO of the year, Chime has an impressive list of Silicon Valley investors. Iconiq, a well-known VC firm, invested in Chime after closely watching the founders for two years. Chime positions itself as a banking and credit-building resource for the average person, attracting investors with its focused approach. Despite a successful IPO, not all private shares are profitable yet. Iconiq, among other backers, celebrates Chime’s public debut, with investors like Menlo Ventures taking a victory lap.

See also  Tesla found partially responsible in Florida Autopilot trial as jury grants $200M in damages

Wing initiates blood sample delivery by drone in London

Anduril is thinking about Arizona, Ohio, or Texas for its big manufacturing site, source claims