Templafy, a startup that helps workers create documents that comply with their company's requirements, raised $60 million in its most recent funding round. The company said the new capital will help fund a rapid expansion.
Macrometa, an edge, cloud and global data network tailored to the requirements of software developers, raised $20 million in a Series A funding round. With the new capital the company will work on integration with content delivery networks, telecom and cloud providers, recruit new customers and develop new features.
Full Truck Alliance, a Chinese startup that calls itself an "Uber for Trucks," hopes to get a valuation that tops $20 billion in its US initial public offering. The company said it will offer 82.5 million American Depositary Shares priced in a range of $17 to $19.
RayzeBio, a startup that is developing targeted radiopharmaceuticals to treat several types of cancer, raised $108 million in its Series C funding round. CEO and President Ken Song said the new capital will help the company become the leader in targeted radiopharmaceuticals.
While the Federal Reserve is expected to maintain low interest rates for the foreseeable future, investors will watch for signals on eventual changes in US monetary policy coming out of today's Federal Open Market Committee meeting.
The International Swaps and Derivatives Association's digital documentation platform MyLibrary has gone live, initially including the new 2021 ISDA Interest Rate Derivatives Definitions and the 2002 ISDA Master Agreement. ISDA CEO Scott O'Malia says the new platform is "a twenty-first century solution to the publication of ISDA documentation, providing our members with up-to-date digital versions of ISDA's documentation and definitions."
The European Central Bank is evaluating a proposal to add gender diversity as one of the benchmarks for approving bank board members and senior managers. That could add to the pressure on the financial sector to increase participation by women.
Initial public offerings have amounted to $171 billion this year, overtaking the $168 billion for all of last year, itself a record, according to Dealogic. The surge is expected to continue in the second half of 2021, with several high-profile IPOs already scheduled.
Volatility indexes across markets are low as investors watch for the Federal Reserve's next moves. The Cboe Volatility Index has slipped to 15.7, the lowest level since the start of the coronavirus pandemic, while Deutsche Bank's foreign exchange volatility index also has fallen to a pandemic-era low.