Website Financing – Theme Killer http://themekiller.me/ Tue, 18 May 2021 07:14:55 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 http://themekiller.me/wp-content/uploads/2021/04/default.png Website Financing – Theme Killer http://themekiller.me/ 32 32 City plans to fund new town hall and police station | New http://themekiller.me/city-plans-to-fund-new-town-hall-and-police-station-new/ Wed, 21 Apr 2021 07:00:00 +0000 http://themekiller.me/city-plans-to-fund-new-town-hall-and-police-station-new/ Cannon Beach City Council met in a working session on Tuesday, April 13 to discuss how to raise funds to build a new Town Hall / Police Station. Councilors discussed the following options at that meeting: asking voters to approve a property tax increase, raising the food and beverage tax, and housing city staff in […]]]>


Cannon Beach City Council met in a working session on Tuesday, April 13 to discuss how to raise funds to build a new Town Hall / Police Station.

Councilors discussed the following options at that meeting: asking voters to approve a property tax increase, raising the food and beverage tax, and housing city staff in mobile buildings. They spoke about the supposedly poor condition of the building that houses the current Town Hall / Police Department.

One idea is that the city is looking to get money from the American Rescue Plan Act, as posted on the city’s website. The money would fund water resilience, a new town hall / police station, a generator at the Ecola pumping station and other items.

City manager Bruce St. Denis said the only option he currently knew of to fund a new city hall would be either a food and beverage tax increase or property tax.

Although no votes were taken during a working session, councilors asked staff to consider the cost and feasibility of using modular buildings in the current town hall area to house staff. .

St. Denis said he would consider moving the police department to the part of the building that its staff now occupy and moving its staff into modules.

The city manager said two things need to happen before they ask voters: they need to make a decision on where the new city hall / police station is and how to pay for it.

Councilors discussed a possible 5.5% property tax hike.

St. Denis said raising money through a food and beverage tax would mean residents would not see their property taxes increased. They also discussed the idea of ​​combining the two types of taxes.

Councilors reached consensus that the city needed a new Town Hall / Police Station due to the condition of the current structure.

It is old and was never built to house such a facility. Also, it is in the tsunami zone. Details of the condition are on the city’s website and have already been reported by The Gazette.

Councilor Brandon Olgilvie suggested that the city build a new police station on the current site.

Councilors commented that the city has yet to decide on a location for a new facility or a design.

St. Denis said he preferred to hire an architect to design the building that would be part of the overall project, and not someone to just produce a drawing.

Councilor Nancy McCarthy said they “really need to move forward and maybe get some federal help… if the infrastructure plan is passed.

McCarthy suggested asking voters the question in May, if not in the November ballot.

The city manager said if a seismic event occurred, they would manage the city on computers from their cars. He said the police would not have any facility from which to operate and help people.

He said the city was applying for American Recovery Plan funding. It would be great if we had that.

Police Chief Jason Schermerhorn spoke about his employees having breathing problems due to the air quality in the police station.

Olgilvie said he supports the idea of ​​considering using portable buildings to house staff.

As of 8:05 a.m. on Wednesday, only 12 people had watched the Zoom council meeting on the city’s YouTube channel, as reported on the channel’s website.



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Clearbanc becomes Clearco and announces US $ 100 million Series C financing http://themekiller.me/clearbanc-becomes-clearco-and-announces-us-100-million-series-c-financing/ Tue, 20 Apr 2021 13:00:00 +0000 http://themekiller.me/clearbanc-becomes-clearco-and-announces-us-100-million-series-c-financing/ Pay as you grow The finance pioneer is approaching US $ 2 billion Evaluation The proprietary AI-based platform funded 8 times more female founders than the typical VC; 30% of funded founders are people of color NEW YORK and TORONTO, April 20, 2021 / PRNewswire / – Clearbank, the world’s largest investor in e-commerce and […]]]>


Pay as you grow The finance pioneer is approaching US $ 2 billion Evaluation

The proprietary AI-based platform funded 8 times more female founders than the typical VC; 30% of funded founders are people of color

NEW YORK and TORONTO, April 20, 2021 / PRNewswire / – Clearbank, the world’s largest investor in e-commerce and the company that is revolutionizing the way founders grow their businesses, today announced a rebranding and $ 100 million in a new Series C equity financing to fuel the company’s ambitious growth plans, bringing the company’s valuation to almost $ 2 billion.

To reflect its evolution from an efficient source of capital for founders to a broader platform of growth products and services, the company is rebranded as Clearco. With proprietary algorithms that are gender, race and region independent, Clearco is unique in its commitment and ability to fuel entrepreneurship outside of traditional networks and regions. As global venture capital funding for female founders fell 27% in 2020, according to Crunchbase, Clearco has funded eight times as many founder-led companies as traditional venture capital firms. During the same period, 13% of Clearco’s funding went to companies led by founders Black and LatinX, compared to 2.6% for traditional VC companies; in total, a third of Clearco’s funding went to color founders.

“The move from Clearbanc to Clearco really marks our move beyond capital,” said co-founder and president Michele Romanow. “We have invested US $ 2 billion in over 4,500 companies, and we’re building a suite of products to support founders that go beyond funding, based on what they tell us they need most. Our new name reflects our overall commitment to work with the founders to build successful businesses. “

In addition, Clearco’s algorithms “distribute wealth” geographically. While 80% of typical US venture capital funding last year went to four states that have traditionally been technology hubs (California, Texas, new York and Massachusetts), Clearco’s total for those states was 45%, with 55% going elsewhere. Clearco has funded companies in all 50 US states and ten Canadian provinces and three territories, as well as in the UK, where 70% of funds to date have gone to outside companies. London.

“Our goal is to change the face of fundraising, and we’re really proud to show that it can be done,” said Romanow.

To fuel these plans, Clearco has raised US $ 100M equity and US $ 250 million of debt in a Series C cycle which brings the valuation of the company to close to $ 2 billion. Oak HC / FT led the round and co-founder and managing partner Annie lamont will join the company’s board of directors. Lamont appeared on the Forbes Midas list and has been a VC and investor for over three decades. New investors include Founders Circle and executives from Stripe, Square, Affirm, Adyen, Robinhood, Betterment, Airbnb, Hubspot, AirWallex and Apple. The new debt comes from Credigy (a subsidiary of National Bank) at a significantly lower cost of capital, allowing Clearco to offer more competitive rates to its growing portfolio than any other salary as it grows. the growth of the finance company in history. To date, Clearco has raised more than US $ 170 million equity.

“With US $ 2 billion Deployed to over 4,500 founders, we’ve proven that we can find and fund entrepreneurs using machine learning and AI in a much more equal manner, and we’re happy the investment community is seeing it, ”said the co-founder and CEO Andrew D’Souza. “We are also delighted to welcome Annie to the Clearco Board of Directors. Her 30 years of business and investor experience makes her the ideal person to join us at this inflection point and work with our management team to develop our business and our brand. “

“Oak HC / FT is delighted to partner with the market leader in alternative finance,” said Lamont. “We strongly believe in Clearco’s mission to democratize access to capital, and we are excited to see this next phase of growth.”

Clearco now offers a line of industry-leading performance finance products and services, tailored to help founders retain ownership, including:

  • ClearCapital for e-commerce founders – The 20-minute contract, signed by Clearco, offers marketing growth capital of $ 10,000$ 10 million for growing e-commerce founders.
  • ClearInventory Capital Clearco will buy your inventory and then pay it back as it sells for a cost of + 6%. This allows founders to pay as they grow.
  • ClearRunway for the founders of SaaS Uses data science and real business metrics to access up to 24 months of future income at a reduced amount today. Finance growth, expand the trail, and grow faster to achieve higher valuation, keep equity, and stay in control.
  • ClearValuation Advanced data science extends Clearco’s product beyond equity, providing free founders’ assessment and ideas and recommendations to increase the value of their business and connect with M&A investors and buyers.
  • ClearAngel – ClearAngel gives early stage founders (with so little $ 2,000 monthly income) access to equity income, data-driven advice and Clearco’s extensive network of applications, agencies and investors.

“Recovering from the COVID-19 pandemic will take all of our best minds. Clearco has supported the founders from the onset of the pandemic and looks forward to stepping up that support,” D’Souza said. “We are proud that the technology we have developed identifies promising companies, regardless of the founder or where they live, and we look forward to working with them to get the global economy back on track.

About Clearco
Co-founded as Clearbanc in 2015 by Michele Romanow of From Canada Shark chariot (dragons’ lair), Andrew D’Souza, Ivan Gritsiniak, Charlie feng, and Tanay Delima, Clearco offers the most user-friendly investment solutions for e-commerce founders, mobile apps, and SaaS founders, along with a full range of products and access to a powerful global network, information, data and recommendations. Clearco has funded more than 4,500 companies to date, including Leesa Sleep, fashion rental service The Tote, Home Goods Company, Public Goods, Manufacturer of UNTUCKit Shirts, Expressable Online Speech Therapy Practice, and SetSchedule Digital Real Estate Market. For more information, visit clear.co and @getClearco.

About Oak HC / FT
Founded in 2014, Oak HC / FT is the premier private equity venture capital fund investing in Healthcare Information & Services (“HC”) and Financial Services Technology (“FT”). With $ 3.3 billion in Assets Under Management, we focus on driving transformation in these industries by providing entrepreneurs and businesses with strategic advice, board participation, execution of business plans and access to our extensive network of industry leaders. Oak HC / FT is headquartered at Greenwich, CT, with offices in Boston and San Francisco. Follow Oak HC / FT on Twitter, LinkedIn and Medium.

SOURCE Clearco

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https://clearbanc.com



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Class Announces $ 12 Million Investment from Salesforce Ventures and Seventh Super Bowl Champion Tom Brady http://themekiller.me/class-announces-12-million-investment-from-salesforce-ventures-and-seventh-super-bowl-champion-tom-brady/ Tue, 20 Apr 2021 11:55:00 +0000 http://themekiller.me/class-announces-12-million-investment-from-salesforce-ventures-and-seventh-super-bowl-champion-tom-brady/ WASHINGTON, April 20, 2021 / PRNewswire / – Class Technologies Inc., today announced that it has raised $ 12.25 million in additional investment to further accelerate the deployment of its software which adds teaching and learning tools to Zoom. This financing brings the company’s total investment to more than $ 58 million in the past […]]]>


WASHINGTON, April 20, 2021 / PRNewswire / – Class Technologies Inc., today announced that it has raised $ 12.25 million in additional investment to further accelerate the deployment of its software which adds teaching and learning tools to Zoom. This financing brings the company’s total investment to more than $ 58 million in the past 12 months. Investors in this round of funding include Salesforce Ventures and the US quarterback and seven-time Super Bowl champion and entrepreneur. Tom brady.

Other investors in this funding include Sound Ventures and Guy Oseary, a seasoned executive, investor and entrepreneur.

Marc Benioff, CEO of Salesforce, said: “Michael chasen is an amazing entrepreneur and we are thrilled to be a part of Class. In today’s post-COVID world, kids now learn from anywhere, and that’s exactly what Class and Michael are doing so well. “

Tom brady said, “As most parents have experienced firsthand, the pandemic has highlighted the need for better online teaching and learning technology. I am happy to be associated with Michael chasen, a proven education and technology pioneer and father of three, to bring the promise, potential and power of the digital classroom to people around the world. “

The funds from the investment will be used to accelerate the deployment of the class-based software and support growing global demand. In the seven months since Class launched, more than 7,500K-12 and higher education institutions, as well as businesses around the world, have become interested in using Class.

“We have accelerated the development of Class, which is based on Zoom, because we believe that people all over the world cannot wait for our help,” said Michael chasen, co-founder and CEO of Class. “Tom brady and Marc Benioff the support further confirms the interest that leaders from different sectors have around the massive impact that we can generate through more effective and efficient e-learning. “

This investment is in addition to the prior investment of the first investors and the main investors of Zoom, in particular:

  • Santi Subotovsky, General Partner at Emergence Capital and member of the Board of Directors of Zoom.
  • Jim scheinman, Founding Managing Partner of Maven Partners.
  • Bill Tai, an investor with 30 years of experience in venture capital.

As well as leading education technology investment companies such as:

  • Deborah Quazzo, Partner at GSV Ventures, one of the leading ed tech investment funds.
  • Jeff Lieberman, Managing Director at Insight Partners.
  • Ian chiu, Managing Director at Owl Ventures.
  • Reach Capital, focused on empowering learners by investing in innovative educational businesses.

And the main entrepreneurs and technology investors:

  • Steve case, co-founder of America Online (AOL), and Chairman and CEO of Revolution’s Rise of the Rest Seed Fund.
  • Fred schaufeld, co-founder and CEO of SWaN & Legend Venture Partners.
  • Slow Ventures, the fund that supported Slack, Casper, Postmates and Airtable.

The class provides instructors with the tools to create
Virtual classrooms feel like real classrooms

Class is built on the Zoom Meetings platform and offers K-12 and Higher-Ed schools, as well as businesses, everything they need to facilitate teaching and improve engagement in the virtual classroom. The software adds teaching and learning tools to Zoom and allows instructors to perform many activities that take place in a real classroom, virtually, including the ability to:

  • Present from the front of the classroom
  • Take attendance
  • Track participation
  • Hand out homework and quizzes
  • Proctor exams
  • Quality work
  • Talk one-on-one with a learner
  • And more

About Salesforce Ventures
Salesforce is the global leader in customer relationship management (CRM), bringing businesses closer to their customers in the digital age. Salesforce Ventures, the global investment arm of Salesforce, is investing in the next generation of enterprise technology that extends the power of the Salesforce platform. Salesforce Ventures is building the world’s largest ecosystem of enterprise cloud companies and extending this technology to customers. Portfolio companies receive funding, strategic advice and operational support, and can easily join 1% commitment to make giving back part of their economic model. Salesforce Ventures has invested in over 400 companies including DocuSign, GoCardless, Guild Education, nCino, Twilio, Zoom and others in 22 countries since 2009. For more information, please visit www.salesforce.com/ventures.

About Class Technologies Inc.
Class is software developed by Class Technologies Inc., a company founded by an educational software pioneer Michael chasen. The classroom adds teaching and learning tools to Zoom and makes the virtual classroom feel like a real classroom. It helps teachers take notes, hand out homework, give a quiz or test, grade assignments, take proctor exams, talk one-on-one with a student, and more . Founded in 2020, Class is headquartered in Washington DC with staff around the world. Schedule a demo at class.com and follow us on Instagram and Twitter at @WeAreClassTech.

Zoom is a trademark of Zoom Video Communications, Inc. Class Technologies Inc. and its class of products are not sponsored, endorsed or otherwise affiliated with Zoom.

SOURCE Class Technologies Inc.

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https://www.class.com



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VA Construction Loan Guide | Requirements and process 2021 http://themekiller.me/va-construction-loan-guide-requirements-and-process-2021/ Tue, 20 Apr 2021 10:40:07 +0000 http://themekiller.me/va-construction-loan-guide-requirements-and-process-2021/ Can I build a house without a down payment? Are you looking to build a new home from scratch? Are you an active duty member or a veteran? If this is the case, you may be eligible for a VA construction loan, sometimes called a permanent VA construction loan. This loan can finance everything from […]]]>


Can I build a house without a down payment?

Are you looking to build a new home from scratch? Are you an active duty member or a veteran?

If this is the case, you may be eligible for a VA construction loan, sometimes called a permanent VA construction loan.

This loan can finance everything from the purchase of the land and construction to a permanent mortgage for the finished residence. And, as with all VA mortgages, no down payment is required for eligible borrowers.

The trap? VA construction loan lenders can be difficult to find. So you may have to dig.

Learn more about what is required, how to qualify, and if a VA construction loan is right for you.


In this article (Skip to …)


What is a VA construction loan?

If you are an active duty member or veteran with an eligible service history – or a surviving spouse – you may be able to take advantage of a generous loan program provided by the United States Department of Veterans Affairs: the Construction Loan. GO.

For eligible borrowers, a VA construction loan can simplify the process of building your dream home.

“The benefits of a VA construction loan include no down payment required, no minimum specified credit score, and no private mortgage insurance required on the VA permanent mortgage,” says Richie Duncan, senior loan officer at VA Nationwide.

And, the VA construction loan is flexible. Funding can be used for:

  1. The total cost of purchasing a piece of land, building a house on it, and financing the permanent mortgage on the residence once it is complete. With this option, there is only one subscription process, one valuation, one set of closing costs and one single close. This is known as a short term VA construction loan.
  2. The combined costs of buying land and building a house on it, after which your VA construction loan can be refinanced to another permanent VA mortgage. With this option, only one appraisal and one close is involved in the short term loan, but a separate underwriting process, appraisal, and closing costs are required for the permanent VA mortgage.
  3. Building the home on land you already own or finance separately, after which your VA construction loan can be refinanced into a separate permanent VA mortgage. As with option two, there is only one appraisal and closing for the VA construction loan, but a separate underwriting process, appraisal, fee, and closing is required for the permanent VA mortgage.

The only problem is that it is difficult to find VA construction lenders. If you can’t find a willing lender, you may need to consider other financing options.

Check your eligibility for the construction loan (April 20, 2021)

The VA Construction Loan Process

The VA construction loan process involves a series of steps, according to Julie Aragon, CEO and founder of Julie Aragon’s loan team:

  1. Your entitlement to VA benefits is verified by obtaining a Certificate of Eligibility (COE) and providing personal financial information to the lender. Prepare to collect and review copies of current credit reports, proof of income, current bank and investment account statements, and other financial documents the lender may request
  2. Find a lender who offers VA construction loans and get pre-approved. Note that the AV does not lend directly, so you will need to look for a private lender that offers this program.
  3. Choose an approved builder / general contractor who is properly licensed and approved by the VA and submit your house construction plans to the lender
  4. Have a property appraised
  5. Have the completed home inspected to VA standards and complete the closing process
  6. If your VA construction loan does not include a permanent mortgage component, you will need to refinance a VA home loan after the house is built.

“Note that for VA construction loans, the disbursement of funds to pay for the construction of the house is done in a series of installments, or ‘draws’, at certain milestones as construction progresses,” explains Aragon.

VA Construction Loan Requirements

Several rules apply to VA construction loans, including guidelines for the borrower, contractor and house under construction.

Borrower’s needs

First of all, you need a decent credit score.

“Although the VA guidelines do not specify that borrowers have a minimum credit score or meet other financial criteria, most actual VA loan lenders will. To improve your chances of eligibility, aim for a minimum credit score between 620 and 640, ”recommends Aragon.

More:

  • Your debt ratio (DTI) must be less than 41%
  • You must meet income requirements based on your family size
  • You must not have been bankrupt in the past two years
  • You need a stable income and a job; you need to be able to comfortably pay off your mortgage

Prepare to check for two years of income when applying for a VA construction loan.

For W-2 borrowers, gather the last 60 days of pay stubs, the last two years of W-2, and your last two annual tax returns. Independent borrowers should collect the last two years of complete personal and business income tax returns and all relevant tax schedules.

Property requirements

The house under construction must also meet certain requirements, including:

  • The finished house must be occupied by the owner as the primary residence
  • Types of homes eligible for construction include single-family homes, condominium units in approved projects or legal phases, and manufactured homes.
  • Your total loan amount for the construction / permanent mortgage must not exceed $ 548,250 for most US counties in 2021
  • The property must be located in a VA approved area and must not exceed maximum VA land limits, such as 10 acres
  • The property must be inspected by a professional licensed by the AV

“Keep in mind that respective local regulations will dictate the ownership requirements for your VA construction loan,” notes Dan Holtz, co-founder and CEO of Sovereign Lending Group.

Lender / contractor requirements

And, finally, there are limits on which lender and contractor you can work with.

  • You must choose a VA approved mortgage lender who participates in the VA construction loan program.
  • The VA must approve your chosen contractors. “They must have a license to practice, liability insurance and a minimum of two years of experience in building homes,” says Duncan.
  • You must receive a new construction warranty from the builder

Finally, any funds remaining after construction is completed should be applied directly to your loan principal. You cannot receive cash back from this type of loan.

VA Construction Loan Lenders

Be aware: It can be difficult to find VA construction loans or lenders offering these loans.

“Many lenders offer standard VA home loans for those who buy existing homes. But less provide VA construction loans, ”warns Aragon.

“In addition, the VA has traditionally provided limited advice regarding its construction loans, resulting in widespread uncertainty and unfamiliarity with lender guidelines and requirements,” she continues.

The good news is that you can visit the VA website to search for VA approved lenders. However, not all VA lenders offer VA construction loans. So be prepared to contact multiple companies until you find one that does.

VA Construction Loan Interest Rates

Another caveat is that you will likely pay a higher interest rate for a VA construction loan than for a standard VA mortgage.

“This is because participating lenders consider home construction loans to be a bit riskier,” says Aragon.

Interest rates on construction loans are generally at least 1% higher than standard mortgage rates.

“Unlike a mortgage on an existing home, there is no finished property that serves as collateral. So expect the interest rate to be a bit higher, usually 1% higher or more, although the rate you are offered may vary. “

Another reason why your rate may be higher? “Long-term rate foreclosure is needed, which can result in a higher interest rate,” says Holtz.

Other construction financing options

If you don’t qualify for a VA construction loan or can’t find a participating lender, you’re not out of luck. There are other financing options that you can use for your new home.

For example, you could get a separate lot loan to buy the land and a traditional construction loan to pay for construction costs, followed by a separate VA home loan to finance the finished permanent residence.

“The downside to this approach is that you’ll have a separate underwriting, appraisals, fences, and fees, and your non-VA construction loan will likely require a down payment,” Duncan says.

Or, you can apply for an FHA permanent construction loan, which combines the purchase of the land, construction costs, and permanent mortgage financing on the completed home into one loan with one appraisal and one closing. However, you will likely have to pay at least 3.5% to 10% and pay for private mortgage insurance up front and annually.

Alternatively, if you choose a USDA approved rural area to build a house, you may be eligible for a USDA Permanent Construction Loan. These also require no down payment and combine the purchase of the land, construction costs and the permanent mortgage loan into one loan product.

Finally, instead of building a new construction home, buyers might consider purchasing a repair home.

You could pay for the house and the rehab involved with a VA home improvement loan or another home improvement loan.

Check your eligibility for the construction loan (April 20, 2021)

The Bottom line: Check all your options

Whichever route you choose, be sure to explore all of your options.

Even though construction loans are a little harder to find, you still want to shop around and make sure you’re getting the best kind of loan and the best interest rate around.

Check your new rate (April 20, 2021)



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What is a solar loan? | Personal finance http://themekiller.me/what-is-a-solar-loan-personal-finance/ Mon, 19 Apr 2021 13:25:59 +0000 http://themekiller.me/what-is-a-solar-loan-personal-finance/ If you’re not able to get a solar loan right now but still want to take advantage of solar power, you’re in luck. There are many other options available. One downside, however, is that since you don’t own the solar panel directly, you won’t be able to claim tax breaks. But you can still stand […]]]>


If you’re not able to get a solar loan right now but still want to take advantage of solar power, you’re in luck. There are many other options available. One downside, however, is that since you don’t own the solar panel directly, you won’t be able to claim tax breaks. But you can still stand out financially and ethically.

Solar leases

Some companies rent solar equipment from you. They will install it on your home as if you bought it yourself, but the company retains ownership and maintenance of it. You will basically pay a fee to rent the equipment.

It’s a good idea to do the math to verify that even with this additional price, your overall electricity costs will in fact be cheaper than without the rented solar system.

Power purchase agreements

A power purchase agreement is similar to a solar lease in that a third party company comes in and installs a solar system on your property. However, instead of paying a rental fee for the equipment, you pay for the electricity produced by the solar panel. It’s a similar cost, just paid for in a different way, like having a mini power plant in your home.

Again, it’s a good idea to verify that the electricity costs in this deal are cheaper than your normally purchased electricity.



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German infrastructure calls for overhaul | Company | Economic and Financial News from a German Perspective | DW http://themekiller.me/german-infrastructure-calls-for-overhaul-company-economic-and-financial-news-from-a-german-perspective-dw/ Mon, 19 Apr 2021 12:37:58 +0000 http://themekiller.me/german-infrastructure-calls-for-overhaul-company-economic-and-financial-news-from-a-german-perspective-dw/ For months now, many in Germany have watched with envy as the United States makes great strides in vaccinating its population against COVID-19. Adding insult to injury, US President Joe Biden also recently unveiled a plan to invest $ 2 trillion in the country’s infrastructure. As the federal election season begins in Germany, the move […]]]>


For months now, many in Germany have watched with envy as the United States makes great strides in vaccinating its population against COVID-19. Adding insult to injury, US President Joe Biden also recently unveiled a plan to invest $ 2 trillion in the country’s infrastructure. As the federal election season begins in Germany, the move draws attention to a sore spot for many Germans.

Many have complained for years that Germany is suffering by not investing more in infrastructure. In the World Economic Forum’s 2019 Global Competitiveness Report, Germany fell four places from the previous year, dropping from third to seventh place.

Rail and road

Decades of neglect and growing demand have left much of Germany’s complex network of roads and railways to be rehabilitated. German highways and rail lines are overloaded with today’s traffic volume. In metropolitan areas, traffic jams and train delays are common. Travelers are used to weighing the risk of spending hours trapped in traffic against the likelihood of train delays. According to a recent survey by broadcaster SWR, 40% of Germans also believe that the government has not done enough for cyclists.

People’s mobility in Germany is expected to increase by more than 4% by 2030 compared to 2017, according to a 2019 report from the daily business Handelsblattand the volume of freight transport is expected to increase by 25%.

The federal government has sought to address these issues in recent years with the Federal Transportation Infrastructure Plan. This increased spending on transport infrastructure provides funding of 270 billion euros ($ 324 billion) to improve roads, railways and waterways over the next 10 to 15 years. The “Digital Rail Germany” project, launched in January 2020, aims to increase the performance of the German rail network by up to 35%. But the digitization of the German transport network will depend on the country’s realization of a transition to 5G broadband which is still underway.

Bridges and waterways

About 11,000 of Germany’s 25,000 railway bridges are over 100 years old. About 4% of them are in unsatisfactory condition and represent a rehabilitation value of 7.3 billion euros, according to 2021 reports from the Behoerden Spiegel website, citing data from the federal government.

Germany’s waterways tell a similar story: many bridges, locks and dams are old and in need of repair. The Federal Association of German Inland Navigation (BDB) has complained that its annual budget is 200 million euros less than what is needed to maintain the rivers and canals used for transport, according to NDR reports .

In April, the government and Deutsche Bahn announced a funding agreement providing for the “full or partial renewal of a total of 2,000 bridges”. About 9 billion euros are spent on these renovations, which must be completed by 2029.

Digital transformation

Despite its status as one of the most advanced economies in the world, slow or spotty internet connectivity remains a frustration in Germany. Even without a pandemic, demands for digital infrastructure are expected to increase dramatically in the coming years, driven by the advent of autonomous driving and the digitalization of the industrial sector, known as Industry 4.0.

“Digital infrastructure in particular is increasingly becoming a prerequisite for innovative technological applications and new business models”, Handelsblatt report said.

In January, telecommunications companies Deutsche Telekom and Telefonica / O2 announced that they would cooperate to shut down several hundred so-called “gray dots” in Germany. Gray dots are areas where only certain internet companies provide internet, which limits internet access to their customers. The cooperation aims to complete the coverage of the 4G network in Germany by the end of 2021.

In March, Deutsche Telekom said it currently provides 5G access to 80% of Germany and plans to expand it to 90% of the population by the end of the year.

Political budget

For years, the German federal government has adhered to spending policies guided by “black zero”, a commitment to a balanced budget and not to incur new debt.

While this strategy may be second nature to a company afraid of taking out loans, it has in practice led to a significant lack of investment in infrastructure.

On the one hand, years of squeezing money have allowed the EU’s largest economy to unleash huge waves of financial relief after the coronavirus pandemic hits. On the other hand, the country’s digital infrastructure was ill-equipped to cope with the sudden surge in demand as schools and workplaces went online. In particular, utilities, long known for having a lot of paperwork and using late technology, have been criticized for not adapting to the exceptional situation presented by the pandemic.



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Clubhouse closes new round of funding that would value the app at $ 4 billion – source http://themekiller.me/clubhouse-closes-new-round-of-funding-that-would-value-the-app-at-4-billion-source/ Sun, 18 Apr 2021 20:27:00 +0000 http://themekiller.me/clubhouse-closes-new-round-of-funding-that-would-value-the-app-at-4-billion-source/ The Clubhouse social audio app can be viewed on a mobile phone in this illustrative photo taken on February 8, 2021. REUTERS / Florence Lo / Illustration / File Photo The Clubhouse audio chat app has closed a new round of Series C funding, the company said at its weekly town hall on Sunday, without […]]]>


The Clubhouse social audio app can be viewed on a mobile phone in this illustrative photo taken on February 8, 2021. REUTERS / Florence Lo / Illustration / File Photo

The Clubhouse audio chat app has closed a new round of Series C funding, the company said at its weekly town hall on Sunday, without disclosing the amount raised.

A source familiar with the matter confirmed to Reuters that the new financing would value the company at $ 4 billion.

The social media app said the new round of funding was being led by Andrew Chen of venture capital firm Andreessen Horowitz with big investors like DST Global, Tiger Global and Elad Gil.

Clubhouse and Andreessen Horowitz did not respond to inquiries regarding the amount of the fundraiser.

The San Francisco-based company, whose app allows people to discuss a variety of topics in audio chat rooms, saw its popularity rise after appearances by billionaires Elon Musk and Mark Zuckerberg.

The success of the year-old invite-only platform, which recently reported 10 million weekly active users, demonstrated the potential of audio chat services, especially when people stay inside. their home due to the COVID-19 pandemic.

Bloomberg said earlier this month that Twitter Inc (TWTR.N) was in talks to buy an audio app for a valuation of $ 4 billion.

The Tech The Information website first published details of the funding on Friday.

Our Standards: Thomson Reuters Trust Principles.



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Tomorrow Health Raises $ 25 Million Series A Funding to Deliver Integrated Home Health Care at Scale http://themekiller.me/tomorrow-health-raises-25-million-series-a-funding-to-deliver-integrated-home-health-care-at-scale/ Thu, 15 Apr 2021 12:30:00 +0000 http://themekiller.me/tomorrow-health-raises-25-million-series-a-funding-to-deliver-integrated-home-health-care-at-scale/ NEW YORK, April 15, 2021 / PRNewswire / – Tomorrow Health, the leading patient-centric platform for home care, today announced the $ 25 million Series A fundraising round led by Andreessen Horowitz with participation from Obvious Ventures and BoxGroup. The company will use the new capital to hire additional talent and expand its infrastructure technology […]]]>


NEW YORK, April 15, 2021 / PRNewswire / – Tomorrow Health, the leading patient-centric platform for home care, today announced the $ 25 million Series A fundraising round led by Andreessen Horowitz with participation from Obvious Ventures and BoxGroup. The company will use the new capital to hire additional talent and expand its infrastructure technology to seamlessly connect every patient to home care. In addition, the company announced Paul Mango, former Deputy Chief of Staff for Policy at HHS and Roy Beveridge, former chief medical officer of Humana, has joined its advisory board.

With one in four seniors using durable medical equipment (EMR) and 10% of COVID-19 patients showing persistent symptoms, spending on EMRs is expected to reach more than $ 75 billion by 2021 in United States. Tomorrow Health makes it easy for patients to get the equipment and supplies they need at home, with precision, speed and exceptional service. In partnership with payers, referral providers and EMR providers, Tomorrow Health provides a data-driven intelligence platform to match patients with high quality EMR providers based on insurance coverage, the quality of service, geography and product specialization. Its dedicated team of Care Advocates provide support throughout the process, ensuring equipment and supplies are delivered when and where they are needed, with high quality service, transparency and product education guaranteed at every step. of the process.

“We believe that the home should be the primary point of patient care, and we strive to provide patients with the right products, advice and support to make this a reality,” said Vijay Kedar, co-founder and CEO of Tomorrow Health. “One size does not fit all healthcare or medical equipment. From walkers and walkers after a fall, to oxygen concentrators and respiratory supplies for COPD and ongoing recovery from COVID-19, it is essential that patients are promptly provided with the right equipment for their conditions. We are committed to meeting the individual needs of each patient by partnering with the highest quality providers and removing the stress and complexity that has become synonymous with navigating home care. “

Tomorrow Health simplifies the tedious process of obtaining medical equipment and supplies by providing next-generation technology, logistics and personalized service to improve coordination and approvals between payers, physicians and providers. The breadth of the platform, which provides hundreds of thousands of products representing more than 3,000 Medicare billing codes in partnership with a range of providers, ensures that patients’ EMR needs are met accurately and efficiently, resulting in results in a CSAT of 92% of patients.

“The home healthcare space is still living in a dark age and is in desperate need of an upgrade. Tomorrow Health sets a new, patient-focused standard for how we improve the process,” said Julie yoo, General Partner at Andreessen Horowitz, who joins the company’s board of directors. “Their holistic solution tackles every fragmented step of home care and connects everything in one place. The platform’s critical technology infrastructure provides increased visibility and value to payers, provides operational efficiency tools for EMR providers, and saves time for providers and their staff. coordination so that they can focus on patient care. “

“From a population health perspective, there are few areas more important than the safe transition of patients to home care,” said Roy Beveridge, former chief medical officer of Humana. “During a critical and often stressful time for patients and caregivers, the patient-first mindset of the Tomorrow Health platform delivers an unprecedented level of care that supports patients and their families with their healthcare needs. home.

Since its public launch in April 2020, Tomorrow Health has partnered with more than 125 leading health plans and hospital systems as patient demand for home care continues to rise and the COVID-19 pandemic has left more people in the need support.

Tomorrow Health is currently accepting new EMR providers on its platform and working with providers and health insurers to enable simple and reliable home care.

To learn more about Tomorrow Health, visit www.tomorrowhealth.com. For inquiries from health insurers, providers or EMR providers, contact [email protected].

About Tomorrow Health
Tomorrow Health delivers exceptional healthcare to patients and their families where they want to be most: at home. By partnering with payers, referral suppliers and sustainable medical equipment (EMR) suppliers, Tomorrow Health streamlines the home care process to improve the patient experience. Its data-driven platform connects patients and their families with high-quality EMR providers, streamlines ordering and insurance processes, and offers tactile support every step of the way. Partnering with more than 125 leading healthcare plans and hospital systems in 29 states, Tomorrow Health is the United States’ trusted partner for high quality home care. Investors include Andreessen Horowitz, Obvious Ventures, BoxGroup and Rainfall Ventures, as well as current and former C-level executives from Humana, Tenet Healthcare, Flatiron Health, Quartet, PillPack, Stripe, Massachusetts Medicaid and the World Bank. For more information, visit www.tomorrowhealth.com or contact [email protected]

Media contact: [email protected]

SOURCE Health of tomorrow

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Insurance Comparison Website The Zebra Raises $ 150 Million In Latest Funding Round http://themekiller.me/insurance-comparison-website-the-zebra-raises-150-million-in-latest-funding-round/ Tue, 13 Apr 2021 11:45:31 +0000 http://themekiller.me/insurance-comparison-website-the-zebra-raises-150-million-in-latest-funding-round/ The Zebra, a home and auto insurance comparison website, raised $ 150 million in a Series D fundraiser, which valued the company at over $ 1 billion. Investors in the insurance comparison service include Accel, Silverton Partners, Ballast Point Ventures, Daher Capital, Floodgate Fund, Weatherford Capital, KDT, The Zebra CEO, Keith Melnick, and others. A […]]]>


The Zebra, a home and auto insurance comparison website, raised $ 150 million in a Series D fundraiser, which valued the company at over $ 1 billion.

Investors in the insurance comparison service include Accel, Silverton Partners, Ballast Point Ventures, Daher Capital, Floodgate Fund, Weatherford Capital, KDT, The Zebra CEO, Keith Melnick, and others.

A company statement said The Zebra has raised more than $ 250 million to date, including seed funding.

“This investment will be used to develop our team and build our brand. We are accelerating our efforts to make The Zebra a household name and help educate, empower and advise consumers to find the best policies for their unique needs, wherever they are in their life, ”said Keith Melnick , CEO of The Zebra.

“As one of the early investors in The Zebra, this inflection point in company history is something I looked forward to,” commented Mark Cuban, entrepreneur and Dallas Mavericks Governor.

Cuban added in a statement that the word “startup” no longer applies to The Zebra, calling the company “a full-fledged technology company that addresses – and solves – some of the insurance industry’s biggest challenges. 638 billion dollars. ”

Despite the pandemic, The Zebra has seen net sales growth of $ 37 million in 2019 to $ 79 million in 2020. The size of the company has also grown since the start of 2020, from approximately 200 employees to over 325 as it transitioned to a fully remote work environment.



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Digital Motors appoints Troy Ford as Vice President of Finance http://themekiller.me/digital-motors-appoints-troy-ford-as-vice-president-of-finance/ Tue, 13 Apr 2021 10:00:00 +0000 http://themekiller.me/digital-motors-appoints-troy-ford-as-vice-president-of-finance/ IRVINE, Calif .– (BUSINESS WIRE) – Digital Motors®, the revolutionary online sales platform for auto dealers and manufacturers, today announced the appointment of automotive industry and investment banking veteran Troy Ford as vice president of finance. “As the demand for online vehicle sales continues to increase, we are pleased to welcome Troy Ford as Vice […]]]>


IRVINE, Calif .– (BUSINESS WIRE) – Digital Motors®, the revolutionary online sales platform for auto dealers and manufacturers, today announced the appointment of automotive industry and investment banking veteran Troy Ford as vice president of finance.

“As the demand for online vehicle sales continues to increase, we are pleased to welcome Troy Ford as Vice President of Finance to our growing team of innovators,” said Andy Hinrichs, CEO of Digital Motors. “Troy brings to the table a wealth of automotive industry experience, growth capital and financial leadership.”

Most recently, Ford served as vice president of corporate finance for Superior Industries, a leading publicly traded automotive supplier. Prior to joining Superior Industries, he held positions in technology and financial companies including Sorenson Capital Partners, VMWare and Wells Fargo Securities.

Ford received an MBA from the Wharton School and an MA in International Studies from the University of Pennsylvania. He graduated from the McIntire School of Commerce at the University of Virginia with a Bachelor of Science in Commerce.

“Digital Motors is revolutionizing the online car shopping experience for consumers while unlocking efficiency and profitability for dealers,” commented Ford. “The company’s management team has a solid track record of creating value for the automotive industry, and I am delighted to be a part of this talented and growing team.”

Digital Motors’ dealer-based platform allows customers to go through all or part of the vehicle buying process online, including obtaining financing, without visiting the dealership. It turns any reseller’s or manufacturer’s website into an online store.

After successfully launching its platform in 2020, the company expanded its presence in the United States and Canada, and introduced an array of new features, such as sharing offers via social media and virtual garages. individual customers, which allow buyers to organize and compare multiple transactions. scenarios. In addition, the company’s immediately approved lease and finance offers remove ambiguity from the buying process for all involved.

Digital Motors operates a Software-as-a-Service (SaaS) business model that allows automotive customers to be up and running in 24 hours or less. The platform is configurable to a dealership’s or manufacturer’s specifications and follows corporate identity and MAAP requirements. For more information or a product demonstration, visit digitalmotors.com.



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