December 2023

Spotify starts divesting from France in response to new music-streaming tax

December 22, 2023

Spotify is pulling support for two music festivals in protest against a controversial new tax directed at music-streaming platforms operating in France, and threatened more action will follow in the coming months. Antoine Monin, managing director for Spotify in the France and the Benelux regions, took to X this week to decry a new tax […]

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India’s Ola Electric files for $662 million IPO

December 22, 2023

India’s Ola Electric seeks to raise $661.8 million in an initial public offering, the Bengaluru-headquartered startup said in draft papers filed with the country’s market regulator on Friday. The paperwork for the initial public offering follows Ola Electric raising $384 million from Temasek and Indian government-backed lender State Bank of India in a debt-heavy funding […]

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SVB, SBF and (more) OpenAI: The 2023 chronicles, pt. 2

December 22, 2023

Listen here or wherever you get your podcasts. Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is the second of a two-part series looking back at 2023. Mary Ann and Alex called on two colleagues to help us chat through some […]

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A dual-use ‘Slack+location+payments’ startup raises Seed to serve humanitarian, military scenarios

December 22, 2023

When Helsing raised a $223 million Series B round, the tech world saw it as continued confirmation that Defence was unquestionably back on the investing agenda. Further confirmation comes today in the form of a $5.5 million Seed round for UK defense tech startup Labrys Technologies, led by Germany’s Project A Ventures. Also participating were […]

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