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Sterling Bancorp Names Leaders Of Innovation Finance Group

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Sterling Bancorp announced that it has launched its new Innovation Finance Group , and has tapped veteran technology bankers John Hoesley and Josh Roberts to lead it. Before joining Sterling, Hoesley was at CIBC Bank USA with Josh Roberts, where the two established the Innovation Banking group in 2014.

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Chime Commands $1.5B Valuation After Capital Raise

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According to a report in CNBC , the San Francisco startup said the Series D round of venture funding was led by DST Global , as well as new investors Coatue, General Atlantic, ICONIQ Capital and Dragoneer Investment Group. The company also plans to double its size to more than 200 employees and expand its leadership team.

Capital 116
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Highspot Secures $60M In Funding Round Led By ICONIQ Capital

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ICONIQ Capital led the round, with participation from new investor Sapphire Ventures and all existing investors including Madrona Venture Group, OpenView, Salesforce Ventures and Shasta Ventures. Sales enablement platform Highspot announced it has secured $60 million in Series D funding.

Capital 108
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Polish Investors Hopeful For eCommerce After Allegro IPO

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Executives at MCI Capital , the biggest publicly traded private equity firm in Poland, are optimistic that a recent record-breaking initial public offering (IPO) in the eCommerce space bodes well for the industry, Bloomberg reported. Online retailer Allegro.eu Eyeing the success of that transaction for the owners who took Allegro.eu

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How High Ambitions Led CAN Capital To Falter

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The issues, sources said at the time, could be attributed to problems in how CAN Capital reported delinquencies among its SME borrowers, leading the platform to breach agreements with major lenders, like Wells Fargo. It all stems back to 2010 or so, when CAN Capital launched ambitious growth plans to enter into new markets.

Capital 100
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Lowe’s, PetSmart And Others Take On New Leadership

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Despite another quarterly earnings miss announced Wednesday (May 23), Lowe’s shares got a 9 percent bump mid-week after poaching JCPenney CEO Marvin Ellison on Tuesday, a move that garnered support from Bill Ackman’s Pershing Square Capital Management LP. Zulily was one of those ventures, bought by QVC in 2015 for $2.9 Campbell Soup.

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Freelancer Banking App Lili Nets $15M For Expansion

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The new capital will be used to help Lili boost its ever-growing expansion and add to its product and engineering teams and boost customer adoption, the release says. The round was led by Group 11 , with major participation from Foundation Capital, AltaIR Capital, Primary Venture Partners, Torch Capital, and Zeev Ventures.

Capital 170