Here’s what you need to know today in startup and venture news, updated by the 附近上门 News staff throughout the day to keep you in the know.
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NerdWallet files for IPO
San Francisco-based filed its for an IPO that is set to raise up to $100 million. The company, founded in 2009, helps consumers find the right credit card as well as products to refinance mortgages and student loans. The company reached an average of 21 million unique users per month in 2021 according to its filing.聽
NerdWallet notes in its risk factors the dual class structure of its stock with 鈥渢he effect of concentrating voting control with our Co-founder and CEO, .鈥 Institutional investors , , 听补苍诲 all own more than 5 percent of the company’s class A common stock per the filing.聽
— Gen茅 Teare
Bitkraft reportedly raises $75M token fund for blockchain games
, an investor in gaming and esports startups,聽 reportedly for blockchain gaming and digital entertainment deals.
Founded in 2016, the firm focuses on Seed and Series A and B investments in gaming content and IP interactive platforms, with a particular interest in synthetic reality. The firm was founded by gaming serial entrepreneur .
—听Joanna Glasner
Truecaller rises in market debut
Stockholm-based , provider of a caller ID and spam-blocking app, saw shares rise in first-day trading on Nasdaq Stockholm. The offering reportedly set an initial public valuation of around $2.5 billion for the 12-year-old company.
—听Joanna Glasner
Tesla announces plans to move HQ from California to Austin
CEO said at a shareholders meeting Thursday that the company plans to move its headquarters from Palo Alto to Austin, Texas. The company still intends to ramp up production at its California plant, despite the official move to Texas, where Tesla has a vehicle assembly plant under construction near Austin, . Musk expressed his frustrations with doing business in California in the past, particularly amid the COVID-19 restrictions last year. He also lives in Austin, moving from Los Angeles in 2020, according to CNBC. Tesla joins large tech companies including and in moving their headquarters from California to Texas’ capital.
–Sophia Kunthara
Proptech
LandTech picks up $57M: U.K.-based , a provider of tools for property developers to find and plan projects, reportedly ($57 million) in a funding round led by .
—听Joanna Glasner
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