Dragoneer to take event technology provider Cvent public in $5.3bn deal

Dragoneer to take event technology provider Cvent public in $5.3bn deal

Cvent, an enterprise event technology provider, is set to go public through a $5.3 billion merger deal with Dragoneer Growth Opportunities Corp. II, a special purpose acquisition company (SPAC). The Virginia-based Cvent provides events, meetings, and hospitality technology to over 200,000 users around the world. Established in 1999, the company has approximately 4,000 employees. Cvent […]

Online payment firm Payoneer to go public through $3.3bn merger with FTAC Olympus

Online payment firm Payoneer to go public through $3.3bn merger with FTAC Olympus

Payoneer, an online payment startup, has agreed to merge with FTAC Olympus Acquisition (FTOC), a special purpose acquisition company, in a deal valuing the combined firm at around $3.3 billion. The combined company will continue to operate as Payoneer with a public listing in the US. FTAC Olympus Acquisition is led by banking entrepreneur Betsy […]

Food delivery service provider DoorDash raises $400m in new funding round

Food delivery service provider DoorDash raises $400m in new funding round

California-based food delivery service provider DoorDash raised $400 million in Series F financing led jointly by Singaporean investment company Temasek and Dragoneer Investment Group. The latest funding round gives a valuation of $7.1 billion to the US food delivery service which is currently available to 80% of Americans with plans to cover every postal code […]

Uber to go ahead with SoftBank deal, to reveal pricing next week

Uber to go ahead with SoftBank deal, to reveal pricing next week

Transport industry news : Ride hailing company Uber Technologies intends to go forward with a deal that will see Japanese technology conglomerate SoftBank Group Corporation as a major investor, reports Reuters. In this regard, the San Franciso-based local transportation technology company will reveal the pricing next week in formal tender offers to its investors. Uber […]