Seksan Mongkhonkhamsao | Moment | Getty Images French accounting software firm Pennylane has doubled its valuation to 2 billion euros ($2.16 billion) in a new 75 million euro funding round. Pennylane told CNBC that it raised the fresh funds from a host of venture funds, with Sequoia Capital leading the round and Alphabet’s CapitalG, Meritech…
Nicolai Tangen, CEO of Norges Bank Investment Management, addresses a press conference on his company’s annual results for 2024 at Norges Bank in Oslo, Norway, on January 29, 2025. Ole Berg-rusten | Afp | Getty Images Norway’s government is under growing pressure to let the country’s $1.8 trillion sovereign wealth fund invest in certain defense…
Covent Garden market in London Julian Elliott Photography | Stone | Getty Images Norway’s $1.8 trillion sovereign wealth fund — the largest of its kind in the world — on Thursday said that it struck a deal to buy a quarter of a property portfolio in London’s iconic Covent Garden, in its latest bet on…
President Trump on Saturday signed the government funding bill passed by the Senate on Friday. The bill was passed just hours before a midnight deadline to avoid a lapse in funding, which would have shut down the government. The signing of the bill ended a week of drama of Capitol Hill. On Tuesday, the House…
Silicon Valley’s earliest stage companies are getting a major boost from artificial intelligence. Startup accelerator Y Combinator — known for backing Airbnb, Dropbox and Stripe — this week held its annual demo day in San Francisco, where founders pitched their startups to an auditorium of potential venture capital investors. Y Combinator CEO Garry Tan told…
The skyline of Doha, Qatar. Tim De Waele | Corbis | Getty Images The Qatar Investment Authority is leveraging its over-$500 billion in assets to attract venture capital firms to the hydrocarbon-rich state. The sovereign wealth fund’s $1-billion fund of funds program — which invests in both international and regional VC funds — is designed…
Thames Water utility van in the Cty of London on 3rd December 2024 in London, United Kingdom. Thames Water Utilities Ltd is a large private utility company responsible for the water supply and waste water treatment in most of Greater London and surrounding areas in England. (photo by Mike Kemp/In Pictures via Getty Images) Mike…
The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. Issei Kato | Reuters SoftBank Group posted a surprise quarterly loss Wednesday as investments under its Vision Funds fell into red. The Japanese company’s revenue also missed analysts’ estimates. Here are Softbank’s results compared with LSEG SmartEstimate, which is…
US President Donald Trump has taken the first step towards setting up a sovereign wealth fund for the United States, and suggested that it could end up buying TikTok. The president signed an executive order on Monday, to kickstart the process, saying the fund would soon be “one of the biggest”. More than 90 countries…
Inflation driven by tariffs is among the biggest market risks in 2025, Nicolai Tangen, head of the world’s biggest sovereign wealth fund, said Tuesday. “I don’t think I should give any advice to the U.S., but if you look at the risk to financial markets, I think inflation is for sure one, all driven by…
