Each day, DailyAlts tracks major developments across the alternative investment world. Our content is procured from primary contacts in the industry and secondary sources across the web. Our goal is to give readers the most up-to-date news and engaging experience to open new doors and areas of knowledge. Our stories cover nine separate verticals of the alternative investment industry.
Lloyds Banking Group (LON: LLOY), Britain’s biggest mortgage provider, will acquire a minority stake in loyalty app Bink, according to a report by Sky News for an undisclosed amount that may run into millions of pounds. It was also not known how much the transaction valued Bink.
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An iconic property in Bel Air, Los Angeles, designed by internationally acclaimed English architect John Pawson changed hands last month for $133 million and the buyer was Coinbase (NASDAQ: COIN) CEO and co-founder Brian Armstrong. The seller: a corporate entity linked to Japanese entrepreneur Hideki Tomita.
VegTech Invest advisory has launched the VegTech Plant-based Innovation & Climate ETF (Ticker: EATV), its first financial product. The ETF offers exposure to publicly traded companies actively innovating with plants and plant-derived ingredients and producing primary products that are animal-free. These companies also have a beneficial impact on the environment and solve certain pressing global problems.
Chinese AI company Parametrix.ai has raised $100 million in a Series B round led by Sequoia China and joined by existing investors 5Y Capital and Gaorong Capital. Though the valuation was not disclosed, Parametrix has joined the hallowed unicorn club (>$1 billion) after the funding.
Danish environmental services company Solum A/S will soon operate a highly advanced waste sorting plant that will use advanced robotics and AI to segregate up to 25,000 tons of mixed waste annually. The robots, which work 24/7, will receive and intelligently sort refuse sourced from municipalities, industry and business and comprising combustible waste, bulky waste, metal, wood, and plastic.
Honasa Consumer has become the 45th startup to achieve unicorn status this year, when it raised a $37 million Series F round led by venture capital firm Sequoia Capital. The round also had participation by Belgium-based investment fund Sofina Ventures and the UAE-based India-focused fund Evolvence Capital. Honasa (from Honest/Natural/Safe) operates the brand Mamaearth. The brand is endorsed by celebrities from Bollywood. Its other brands include The Derma Co and House of Brands.
What the crystal ball shows for bitcoin, according to people who should know.
Monzo, the fast-growing digital challenger bank in the UK, has roped in Tencent Holdings (HKG: 0700) as an investor in its $600 million funding round that had its first close earlier this month. Existing investors Accel and General Catalyst participated in that round, which valued Monzo at $4.5 billion.
An international team of researchers from Australia, the US, and Italy, have designed a robotic version of the largemouth bass, a fish that preys upon the mosquitofish, an invasive marine species that feeds on freshwater fish, tadpoles and their eggs.
Binance has launched Objective Moon in France in collaboration with industry group France FinTech. The $113 million program will help develop the crypto and blockchain sectors, establish a research and development office, and run an incubator drive to support startups and training programs in France. The $1.5 billion French crypto hardware company Ledger and OpenClassroom, an edtech company, will also participate in Objective Moon and develop educational programs.
Worldwide remittances to low and middle income countries (LMICs) of a cumulative $4.7 trillion helped lower the global rate of extreme poverty (defined as people living on less than $1.90 per day) from nearly 36% to 10% during the years 1990-2015. Ruben Salazar Genovez, Global Head of Visa Direct, writes in a blog – The human impact of cross-border remittances – that global, cross-border remittances must be simplified and made cheaper to drive financial inclusion and build wealth where there is poverty.
Sberbank, a leading Russian bank has launched an ETF titled “Sber-Blockchain Economy,” that offers exposure to the top crypto companies across the globe including Coinbase (NASDAQ: COIN) and Galaxy Digital (TSE: GLXY). The ETF tracks the Sber Blockchain Economy Index developed by inhouse company SberCIB, and is the first product of its kind in Russia.
Kristin Livdahl’s 10-year-old daughter happened to ask Amazon’s (NASDAQ: AMZN) Alexa on the family’s Echo for a challenge. Guess what Alexa suggested to the girl: Touch a penny to the exposed leads of an electrical outlet! A tragedy was averted because the mother was right there, and the challenge was never attempted. The shocked mother posted the AI-powered Alexa’s verbatim response on Twitter.
CEO Michael Saylor tweeted today that MicroStrategy had bought another 1,914 bitcoins. MicroStrategy (NASDAQ: MSTR), the business intelligence firm founded and led by bitcoin evangelist Michael Saylor (pictured above) has added to its already substantial pile of bitcoins. According to a tweet by Saylor, and a Thursday filing with the SEC, MicroStrategy has pulled in…
Jacob Walthour, CEO and co-founder of Blueprint Capital Advisors, discussed cryptos in an interview with CNBC on Wednesday. “I think it’d be a mistake to ignore this asset class which has looked like the wild west for the last 5 or so years,” said Walthour, who has a 25-year track record in the financial markets.
French vertical farming startup Jungle has partnered with Firmenich for growing plants that are vital as ingredients for the European perfume industry. Firmenich is a Swiss fragrance house that has produced scents for over 125 years, including the renowned Jean Paul Gaultier Scandal and Calvin Klein’s CK Everyone.
Faced with declining birth rates, and employees working from home with no time for searching out love, Japanese companies have hit on a new method to get romance back into their lives. About 800 Japanese organizations have signed up for Aill goen, an AI-powered app that promises to play matchmaker. Result: Happier, more productive employees.
Indian fintech SaveIN has launched a “care now pay later” offering in healthcare across the dental, veterinary, optical, dermatology, diagnostics, and physical therapy practices. The service is available offline at over 100 healthcare centers and covers over 300 products and treatments. Users can unlock a credit limit in 60 seconds when at a SaveIN partner physical outlet, and pay for the services availed over time.
On December 28, the first lithium-ion cell to have been fully designed, developed and assembled at a gigafactory by a homegrown European battery company marked Northvolt Ett’s commencement of production at its Skellefteå facility in northern Sweden. The company is a rival to Tesla’s (NASDAQ: TSLA) battery division.
The Not Company, or NotCo, a Chilean startup, recently launched new pea protein-based vegan chicken dubbed NotChicken in the booming Latin American market for vegan chicken. What’s interesting is that NotCo is using Giuseppe, an AI platform that helps create plant-based meat substitutes that taste as good as the real thing.
Ray Dalio, chairman and co-chief investment officer of Bridgewater Associates, the world’s largest hedge fund with over $220 billion of assets under management, does not think that bitcoin could reach some of the more lofty price targets being put about, for example, $1 million. Could bitcoin at all touch those heights, Dalio was asked on an interview with Lex Fridman published Saturday.