The federal estate tax exemption has been doubled with recent tax law changes and is now over $11 million per person, which means older trusts and wills may need to be updated. Using old estate tax exemption formulas can have unintended consequence, Eleanor Laise writes.
More than 7 in 10 millionaires younger than 40 believe it's important that their wealth manager share information about cryptocurrencies, a Capgemini survey finds. Even if advisers aren't offering products or specific advice, it's important to offer an opinion, as clients will move to a manager who can and will start the conversation about crypto, says David Wilson of Capgemini.
Nginx, a startup that develops and manages cloud-based "microservices," raised $43 million in its most recent funding round. The company will use the capital to continue product development and to build relationships with new partners.
Swiggy, an Indian food-delivery startup that says it is running a fleet of 40,000 vehicles, raised $210 million in a funding round led by the media conglomerate Naspers, an early investor in China's Tencent. Sources said the transaction gave Swiggy a valuation in the vicinity of $1.3 billion.
Hired, a recruitment marketplace that matches tech workers with companies that need them, has received a $30 million investment from the Investment Management Corporation of Ontario. Corporate employers use Hired's platform to apply to hire workers, a reversal of the traditional approach.
Bossa Nova, a startup that developed a robot that keeps an eye on retailers' shelves and notes when items need to be restocked, raised $29 million in its most recent funding round. Some of the money will be used to expand single-store trials.
Blinkist, a German startup that condenses popular nonfiction books and makes them available online on a subscription basis, raised $18.8 million in its most recent funding round. The company plans to hire country-specific managers and to begin offering products in languages other than German and English.
Silexica, a German startup developing tools to be used in writing software for autonomous vehicles, as well as other types of complex software, raised $18 million in its most recent funding round. The company will use the money to further develop a product it calls SLX, as well as to build a platform for running complex software simulations.
Tiller, a French startup that developed software that turns iPads into cash registers for restaurants, raised $13.9 million in its most recent funding round. The company plans to use the capital to expand beyond France and Spain, where most of its customers are now.