Tag: Venture round

BlockchainFintech

Stripe-Backed Blockchain Startup Tempo Secures $500M Series A at $5B Valuation

The blockchain startup Tempo, founded by Stripe and Paradigm, has reportedly raised $500 million in a Series A funding round. The investment values the young company at approximately $5 billion, making it one of the most significant blockchain venture rounds recently.

Major Funding for Emerging Blockchain

The blockchain startup Tempo, which recently emerged from incubation, has reportedly raised $500 million in a Series A funding round, according to sources familiar with the matter. The investment values the young company at approximately $5 billion, positioning it among the highest-valued blockchain ventures in recent memory. The round was reportedly led by venture capital giants Thrive Capital and Greenoaks, with participation from other prominent firms.

by Darren Holt
BusinessStartups

Women’s Health Startup Tia Implements Major Workforce Reduction Amid Financial Pressures

Women’s health startup Tia has eliminated approximately 23% of its workforce, according to internal communications. The company, backed by Melinda Gates’ Pivotal Ventures, is restructuring to address financial challenges facing the healthcare sector. Sources indicate the layoffs affect corporate, provider, and field support teams across Tia’s 11 clinic locations.

Significant Staff Reductions at Women’s Health Startup

Women’s healthcare startup Tia has implemented substantial workforce reductions, cutting approximately 23% of its staff across multiple departments, according to reports from Business Insider. The company, which operates a hybrid model of in-person and virtual care specifically for women, reportedly eliminated 27% of its corporate team (17 people), 22% of its providers (27 people), and 23% of its field support team (28 people).

by Marcus Linfield