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The role of venture capital in the success of the Swedish FinTech industry
Published in Robin Teigland, Shahryar Siri, Anthony Larsson, Alejandro Moreno Puertas, Claire Ingram Bogusz, The Rise and Development of FinTech, 2018
The triumph of the emergence of Stockholm as a global technology hub can be exemplified by five major unicorns, including Klarna. Unicorn is a term for a startup whose valuation is worth more than 1 billion dollars (Gaitzsch, 2016). These blockbuster startups are: Spotify, Skype, Mojang, King and Klarna: Spotify: A leading music-streaming service launched in 2008. In June 2015, Spotify raised USD 526 million, bringing its valuation to USD 8.53 billion.Mojang: A video game developer founded in 2009. Microsoft bought Mojang for USD 2.5 billion.Skype: Swedish entrepreneur Niklas Zennström co-founded the online voice call and video chat service with Estonian programmer Jaan Tallinn. After first being purchased by eBay, Skype was eventually acquired by Microsoft in 2011 for USD 8.5 billion.King: A video-game company founded in 2003 that has created more than 200 games. The firm is listed on the New York Stock Exchange with a market capitalization of USD 5.5 billion.Klarna: Outlined in further detail below.
Digital Market Scenario in India
Published in Ketan Kotecha, Satish Kumar, Arunkumar Bongale, R. Suresh, Industry 4.0 in Small and Medium-Sized Enterprises (SMEs), 2022
Aileen Lee, founder of the US-based venture capital firm Cowboy Venture, coined the term “unicorn” in 2013, in an article titled “Welcome to The Unicorn Club: Learning from Billion-Dollar Start-Ups”. The term is given to companies based on their growth opportunities as well as their expected development. Three common categories exist under which companies are listed based on their valuation: unicorn includes businesses valued at US$1 billion and over; decacorn includes businesses valued at US$10 billion and over, while hectocorn includes businesses valued at US$100 billion and over (Alpha JWC Ventures 2020).
Ride-hailing applications in Southeast Asia: A literature review
Published in International Journal of Sustainable Transportation, 2023
Saksith Chalermpong, Hironori Kato, Phathinan Thaithatkul, Apiwat Ratanawaraha, Alexis Fillone, Nguyen Hoang-Tung, Peraphan Jittrapirom
A study of firm location decisions of RHA-Cs was conducted by Brail (2020), who investigated the locations of headquarters as well as regional and national offices of the so-called “unicorns” RHA-Cs globally. Two of these are headquarted in SEA: Singapore-based Grab and Jakarta-based Gojek. As previously discussed, a unicorn company is a private company with a valuation of over US$1 billion. Brail argued that the locations of RHA unicorns in superstar cities reflected the pattern of concentration and agglomeration economies, which were also evident in other emerging industries. Another important finding of this study was the fact that most RHA-Cs, despite their unicorn status, including Grab but not Gojek, had financial relationships with larger and global RHA-Cs, such as Uber and Didi Chuxing, which had large stakes in all but a handful of smaller RHA unicorns.
Avoiding the revolution: Will offsite manufacturing leave the UK construction industry behind?
Published in Construction Research and Innovation, 2018
Working with engineered timber, it developed a standard kit of building components, including floor systems, roof truss assemblies and wall panels, to build multi-storey residential and other buildings in whatever configuration clients want. Sales, design, manufacturing, logistics and erection are all managed by an information technology system that incorporates BIM. It netted $865m in a funding round led by the SoftBank Vision Fund in January this year, and has four factories built or in the pipeline around the US. It claims to have $3.7bn worth of building orders so far. In venture capital jargon, a “unicorn” is a private start-up valued at over $1bn.