Wefox, the Berlin-based insurtech, raises $110M Sequence B extension at a $1.65B pre-money valuation – TechCrunch

Wefox Group, the Berlin-based insurtech startup behind the consumer-facing insurance coverage app and service One and the insurance coverage platform Wefox, is disclosing $110 million in a second tranche of Sequence B funding. Sources inform TechCrunch that this provides the corporate a pre-money valuation of $1.65 billion. WeFox Group declined to touch upon the financials.…

Introducing ‘Pricey Sophie,’ an recommendation column for U.S.-bound immigrant staff – TechCrunch

Sophie Alcorn Contributor Sophie Alcorn is the founding father of Alcorn Immigration Law in Silicon Valley and 2019 World Regulation Specialists Awards’ “Regulation Agency of the Yr in California for Entrepreneur Immigration Providers.” She connects folks with the companies and alternatives that develop their lives. Extra posts by this contributor Minimum investment for EB-5 investor…

Electrical car startup Nio lays off 141 workers at its North American headquarters – TechCrunch

Electrical car startup Nio is shedding 141 individuals at its North American headquarters. In accordance with a filing from Employment Development Department of California, the workers at its San Jose workplace obtained discover on December 6. Nio, whose international headquarters are in Shanghai, announced final month that it’s partnering with Intel’s Mobileye to develop autonomous…

Carsome raises $50M for its used-car gross sales platform in Southeast Asia – TechCrunch

Carsome, a Malaysia-based market for trading users cars, has closed a brand new $50 million financing spherical to fend off its rivals and develop its enterprise in Southeast Asian markets. The brand new financing spherical, dubbed Collection C, was funded by MUFG Innovation Companions (MUIP), the company enterprise capital arm and a wholly-owned subsidiary of…