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Swedish pet insurtech Lassie raises $75M Series C after hitting $100M ARR
Imagine the moment you bring a new dog or cat into your life. That mix of excitement and responsibility. Vet visits, vaccines, learning what food suits them, managing check-ups, and always wondering how to keep them healthy as they grow. Most pet insurance only steps in after a costly accident or illness. It doesn’t help you avoid the situation in the first place. Lassie’s product is built around a different insight: giving owners the tools to look after their pets every day, not just when something goes wrong. Now, Stockholm-based insurtech Lassie has secured $75 million in a Series C…
This story continues at The Next Web
Meta's auditor Ernst & Young raised a red flag over the financial engineering Meta used to keep its $27B Hyperion data center project off its balance sheet (Jonathan Weil/Wall Street Journal)
Jonathan Weil / Wall Street Journal:
Meta's auditor Ernst & Young raised a red flag over the financial engineering Meta used to keep its $27B Hyperion data center project off its balance sheet — Meta Platforms' latest annual report contained an unusual, cautionary note for investors. — The tech giant's auditor …
Understanding the valuation of intangible assets in tech deals
In a technology M&A deal, whether you are acquiring or selling a tech or software business, valuation rarely hinges on a single dimension. Financial performance, growth efficiency, and cash flow durability remain the backbone of any transaction. In practical terms, this means metrics such as revenue and ARR, retention as a proxy for revenue quality, margin structure, and capital intensity continue to anchor how buyers price risk. However, alongside these tangible indicators sits another layer of value, one that does not always surface cleanly in financial statements and may even remain invisible if it is not properly understood or articulated:…
This story continues at The Next Web
‘Euphoria’ Star Breaks Down the <i>Real</i> Cost of Being Successful in Hollywood
'Euphoria's' Nika King is pulling the curtain back on what actors have to deal with financially if they want to make it far in the business.
Private equity and private credit groups' big bets on SaaS companies, the biggest area of PE activity in the past decade, risk being derailed by the rise of AI (Financial Times)
Financial Times:
Private equity and private credit groups' big bets on SaaS companies, the biggest area of PE activity in the past decade, risk being derailed by the rise of AI — Dealmakers and lenders are facing a ‘Darwinian moment’ as digital services risk being made obsolete by new technologies