Mission Everywhere

Romain Dillet / TechCrunch : Wefox, a Berlin-based digital insurer focused on personal insurance products, raises $650M Series C led by Target Global at a post-money valuation of $3B   —  German startup Wefox has raised a $650 million Series C funding round led by Target Global.  Following this funding round … from Techmeme https://ift.tt/3fDeLGW

Tom Warren / The Verge : Nvidia announces flagship gaming GPU GeForce RTX 3080 Ti, promises to deliver 1.5x more performance over RTX 2080 Ti, available worldwide on June 3 for $1,199   —  This is Nvidia's new flagship gaming GPU  —  Nvidia is unveiling its latest flagship gaming GPU today, the GeForce RTX 3080 Ti. from Techmeme https://ift.tt/2SO787y

German startup Wefox has raised a $650 million Series C funding round led by Target Global. Following this funding round, the company has reached a post-money valuation of $3 billion. Wefox is a digital insurer focused on personal insurance products, such as household insurance, motor insurance and personal liability insurance. “It’s much more than we wanted to raise initially. It was a very fast process and essentially we were oversubscribed by 4x or so,” co-founder and CEO Julian Teicke (pictured left) told me. In December 2019, the company reported a $1.65 billion valuation. And the company says today’s funding round is one of the largest Series C rounds of all time — and likely the largest Series C round for an insurtech company more specifically. “Almost all of the big existing investors are participating,” Teicke said. OMERS Ventures, G Squared, Mountain Partners, Merian, Horizons Ventures, Eurazeo, Mubadala Capital, Salesforce Ventures, Speedinvest, CE Innovation Capital,

Ryan Smith / AnandTech : AMD unveils Radeon RX 6000M series of graphics adapters for gaming laptops, which are based on the RDNA2 architecture that underpins AMD's desktop RX 6000 parts   —  Headlining a busy Computex for AMD - and a bit of return to form in that regard - this evening the company is making several graphics and CPU-related product announcements. from Techmeme https://ift.tt/3vDSoXv

Suchit Leesa-Nguansuk / Bangkok Post : Thailand-based Flash Group, which provides e-commerce logistics services including Flash Express, raises $150M in new funding to become Thailand's first unicorn   —  Startup has a goal to list as leader in Asean  —  Thailand-based Flash Group, which provides e-commerce logistics services … from Techmeme https://ift.tt/3i7c4iH

Wall Street Journal : Sources: PE firms KKR and CD&R are nearing a deal to buy software company Cloudera and take it private; Cloudera has a market value of nearly $4B   —  Agreement to take software firm private could be finalized by Tuesday, sources say  —  Private-equity firms KKR & Co. and Clayton Dubilier & Rice LLC … from Techmeme https://ift.tt/3p7itMg

Tesla Model Y. Tesla The prices of some Tesla models are going up because of the supply chain issues, CEO Elon Musk said. Tesla earlier this month boosted prices on its Model 3 and Model Y. The global auto industry has been hit hard by supply chain issues, notably a shortage of computer chips. See more stories on Insider's business page . Prices on some Tesla models are increasing due to global supply chain disruptions in the auto industry, particularly with raw materials, Elon Musk said on Twitter Monday. Musk's explanation came in response to a Twitter user who said he didn't like the "direction" the company was going in by "raising prices of vehicles but removing features like lumbar for the Model Y." The Tesla and SpaceX CEO responded: "Prices increasing due to major supply chain price pressure industry-wide. Raw materials especially." -Elon Musk (@elonmusk) May 31, 2021 Tesla earlier this month boosted prices on its Model 3

Zenyum , a startup that wants to make cosmetic dentistry more affordable, announced today it has raised a $40 million Series B. This includes $25 million from L Catterton, a private equity firm focused on consumer brands. The round’s other participants were Sequoia Capital India (Zenyum is an alum of its Surge accelerator program ), RTP Global, Partech, TNB Aura, Seeds Capital and FEBE Ventures. L Catteron Asia’s head of growth investments, Anjana Sasidharan, will join Zenyum’s board. This brings Zenyum’s total raised so far to $56 million, including a $13.6 million Series A announced in November 2019 . In a press statement, Sasidharan said, “Zenyum’s differentiated business model gives it a strong competitive advantage, and we are excited to partner with the founder management team to help them realize their growth ambitions.” Other dental-related investments in L Catteron’s portfolio include Ideal Image, ClearChoice, dentalcorp, OdontoCompany, Espaçolaser and 98point6. Sequoia re

Rep. Louie Gohmert, left, talks with fellow GOP Reps. Matt Gaetz and Jim Jordan. Photo by Caroline Brehman/CQ-Roll Call, Inc via Getty Images Rep. Louie Gohmert, a Texas Republican, spoke at a major QAnon conference on Saturday in Dallas. Gohmert downplayed the Jan. 6 Capitol riot to the crowd of QAnon supporters and MAGA proponents. The congressman spoke in front of a large image of the event's logo, which featured the QAnon mantra "Where we go one, we go all." See more stories on Insider's business page . Rep. Louie Gohmert, a Texas Republican, spoke at a major QAnon conference on Saturday in Dallas and downplayed the January 6 Capitol riot to a crowd that included major conspiracy theorist influencers. The congressman condemned his colleagues in the House who are pushing for a bipartisan commission to investigate the Capitol riot and argued that the events of Jan. 6 paled in comparison to both the 9/11 terror and Pearl Harbor attacks, according to report

Hi and welcome to Insider Advertising for June 1. I'm deputy editor Lucia Moses, filling in for Lauren Johnson, and here's what's going on: OpenX explores a sale. Who'll run Discovery-WarnerMedia. Fastest-growing DTC brands. If this email was forwarded to you, sign up here for your daily insider's guide to advertising and media. Tips, comments, suggestions? Drop me a line at lmoses@insider.com or on Twitter at @lmoses. A view of the OpenX coffee bar at Advertising Week 2015 in New York City. D Dipasupil/Getty Images for AWXII Adtech company OpenX is exploring a possible sale, sources say The supply-side ad platform is exploring a potential sale , sources told Lara O'Reilly. Founded in 2008, the company has raised more than $70 million but hit hard times in the pandemic. A sale would add to the flurry of recent deal activity in adtech. Read the story. President and CEO, Discovery David Zaslav. Amanda Edwards/Getty Images for Discovery

Chinese President Xi Jinping Getty China is now allowing married couples to have three children, up from the previous limit of two. The new three-child policy is in response to a declining birthrate in China. Experts say the main barrier to having children in China is the high cost of raising kids. See more stories on Insider's business page . China said on Monday that married couples may have up to three children, a major policy shift from the existing limit of two, after recent data showed a dramatic decline in births in the world's most populous country. Beijing scrapped its decades-old one-child policy in 2016, replacing it with a two-child limit that failed to trigger a sustained surge in births. Raising children in Chinese cities remains expensive. "To further optimize the birth policy, (China) will implement a one-married-couple-can-have-three-children policy," the official Xinhua news agency said in a report following a meeting chaired by President