Tag: Valuation (finance)

BusinessPersonal Finance

Wall Street Banks See Prime Brokerage Windfall Amid Hedge Fund Boom

Wall Street’s largest banks are experiencing a prime brokerage boom, with JPMorgan, Goldman Sachs, and Bank of America reporting substantial revenue increases. The surge comes as hedge fund activity reaches new heights amid global market volatility and rising asset valuations.

Prime Brokerage Drives Record Wall Street Earnings

Wall Street’s multibillion-dollar prime brokerage operations are generating massive third-quarter profits for major financial institutions, according to recent earnings reports. The business of lending cash and securities to hedge funds has become a significant revenue driver as trading activity surges across global markets.

by Bennett Laura
BusinessHealthcare

Healthcare Venture Capital Firm Town Hall Ventures Raises $440M for Underserved Communities

Town Hall Ventures, founded by former Medicare administrator Andy Slavitt, has raised $440 million for its fourth fund. The healthcare-focused venture firm targets innovations for underserved communities while delivering strong financial returns.

In a significant development for healthcare innovation, former Medicare administrator Andy Slavitt’s venture firm Town Hall Ventures has secured $440 million for its fourth investment fund. The New York-based firm, which focuses specifically on healthcare solutions for low-income and vulnerable populations, now manages $1.4 billion in total assets. This substantial funding round demonstrates growing investor confidence in technology-driven healthcare solutions that serve Medicaid populations and other underserved communities while generating competitive returns.

From Government Service to Venture Capital

by Ortega Rafael
BusinessStartups

Oura Ring Valuation Hits $11 Billion After $900 Million Funding Round

Oura has achieved an $11 billion valuation following a $900 million Series E funding round. The Finnish wearable company reported over $500 million in 2024 revenue and expects to reach $1 billion in sales this year while competing with major tech players in the smart ring market.

Oura has reached an unprecedented $11 billion valuation following a massive $900 million Series E funding round, positioning the Finnish wearable technology company among the most valuable private health tech firms globally. The substantial investment comes as Oura reports explosive growth, with revenue exceeding $500 million in 2024 and projections indicating the company will achieve $1 billion in sales during 2025 according to their latest financial disclosures.

Record-Breaking Funding Round Details

by Bennett Laura
Arts and EntertainmentStartups

Former OpenAI Employee Launches Worktrace AI Startup with Mira Murati Backing

Angela Jiang, an early OpenAI product manager who helped build ChatGPT, has quietly launched Worktrace AI with backing from former OpenAI CTO Mira Murati. The startup was in talks to raise $10 million at a $50 million valuation this summer, focusing on AI-powered task automation for large businesses.

Former OpenAI product manager Angela Jiang has quietly launched a new artificial intelligence startup called Worktrace AI, with significant backing from former OpenAI CTO Mira Murati and other key figures from the ChatGPT creator. The stealth startup was in talks this summer to raise $10 million at a $50 million valuation, positioning it among the latest highly-valued AI ventures emerging from OpenAI alumni.

Worktrace AI’s Mission and Technology

by Ortega Rafael