附近上门

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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Nikola founder steps down amid regulatory probe, stock plunge

Electric truck startup 鈥檚 shares fell as much as 37 percent in pre-market trading Monday. The plunge took place amid an SEC regulatory probe which has prompted company founder and chairman to step down, according to reports.

In a statement, Milton wrote, 鈥淣ikola is truly in my blood and always will be, and the focus should be on the company and its world-changing mission, not me. So I made the difficult decision to approach the board and volunteer to step aside.鈥�

Milton has been replaced by Stephen Girsky, the former General Motors vice chairman who oversaw Nikola鈥檚 stock listing and helped with the Detroit mega-corporation.

Nikola鈥檚 falling stocks have impacted General Motors, which took an 11 percent equity stake in Nikola earlier this month. GM officials said the company will continue to finalize its deal with the startup after Milton鈥檚 departure.

Playco raises $100M for gaming platform

, a聽 newly launched developer of聽 instant games across a variety of platforms, has raised $100 million in a Series A funding round at a of just over $1 billion.

The Tokyo-headquartered startup created by co-founder Michael Carter and co-founder Justin Waldron.

and founder led the round, which comes as digital gaming sees continued strong growth as people seek more at-home activities amid the COVID-19 pandemic.

Other news

TikTok deal gets early nod, but ByteDance will hold as subsidiary: 颁丑颈苍补鈥檚 that 鈥檚 global business will become its subsidiary, even as and said over the weekend that they and U.S. investors would own the majority of the video app following a deal with the Trump administration.

Funding rounds

• Mobile Premier League raises $90M:聽India-based gaming startup raised $90 million in a led by , early-stage tech investor , and .
• Marco Financial secures $26M: , a Miami-based financing platform built for small and medium-sized Latin American exporters selling to U.S. buyers, announced $26 million in pre-seed funding and credit. The funding includes an equity round, led by and, and a credit facility underwritten by.
• Ahana raises additional $2.3M: , the self-service analytics company for , announced an additional $2.3 million in seed funding led by new investor with participation from existing investor , bringing total funds raised to $4.8 million. The San Mateo, California-based company raised the first part of the in June led by GV. Presto software is an open-source distributed SQL query engine for big data.

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