Chinese fast fashion giant Shein may soon tighten its ties with the United Kingdom with plans to sell shares on the London Stock Exchange. The company is expected to file the necessary paperwork this week, potentially valuing the firm at $66 billion (£51.7 billion).
Ashby, a U.S.-based AI-powered recruitment platform, has announced that it has raised $30 million in a Series C funding round. Founded in 2018 by Abhik Pramanik and Benjamin Encz in San Francisco, Ashby provides recruitment-focused software solutions for startups and corporate companies. The funding round was led by Lachy Groom, with participation from Elad Gil, F-Prime, Y Combinator, and existing investors.
Neural Concept, a provider of product design and development solutions, has completed its Series B funding round, raising $27 million. This round was led by Forestay Capital, with participation from D.E. Shaw Group, Alven, Constantia New Business, HTGF, and Aster Group. The Switzerland-based company plans to use this new investment to enhance product development and expand its global market share.
Sipay, a local fintech company providing end-to-end services in the field of financial technologies, has announced the completion of its first investment round. According to information shared by the company, Sipay has secured a $15 million investment. This investment round was led by the global investment firm Anfa VC.
