CASTRIES, Saint Lucia – Declaring that it has adopted “the Royal Standard” of investment promotion and facilitation, Invest Saint Lucia (…
Industry News
'Unicorns' that wowed investors face hard road on Wall Street
May 7, 2019
NEW YORK, United States (AFP) — The so-called “unicorns” that lured big investments and took Silicon Valley by storm are facing a chillier environment as they turn to Wall Street for fresh capital.
The startups earned the unicorn moniker for quickly reaching valuations of more than a billion US dollars without hitting public markets, considered a rare feat until a few years ago.
But some of the most prominent unicorns have stumbled on Wall Street, with investors cautious about their profit potential as well as an uncertain economic outlook.
Uber, which was the biggest of the unicorns and had hoped for a valuation of US…
$34b raised under Jamaica Venture Capital Programme
April 24, 2019
A total of $34 billion (approximately US$265 million) was raised over the last four years from equity fund investments facilitated under the Jamaica Venture Capital Programme (JVCP).
The JVCP was established by the Development Bank of Jamaica (DBJ) in 2013 to provide micro, small and medium-sized enterprises with access to alternative equity financing.
Coordinator of the JVCP, Audrey Richards says the out-turn, which was generated through four regional fund facilities, includes $13 billion (US$98 million) raised from Jamaican investors.
She was speaking at the launch of the 2019 National Business Model Competition for…