A woman walks past JPMorgan Chase & Co’s international headquarters on Park Avenue in New York. Andrew Burton | Reuters JPMorgan Chase’s new healthcare unit has made its first investment, CNBC has learned exclusively. The bank has agreed to invest $50 million in Vera Whole Health, a Seattle-based start-up that is pioneering a new, subscription-type model for employee healthcare. Further, through the bank’s Morgan Health unit — a new business unveiled in May after a joint venture with Amazon and Berkshire Hathaway folded — JPMorgan will begin offering Vera’s services to its employees during benefits enrollment season this fall, the companies said. Vera, founded in 2008, aims to improve outcomes…
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Corporate card start-up Ramp more than doubles valuation in five months to $3.9 billion
Eric Glyman and Karim Atiyeh, cofounders of corporate card startup Ramp Corporate charge card start-up Ramp has more than doubled its valuation since its previous funding round just five months ago amid torrid revenue growth and strong demand for fintech investments. Ramp is raising $300 million in a Series C round at a $3.9 billion valuation, according to CEO and co-founder Eric Glyman. The New York-based firm last raised money in April at a $1.6 billion valuation. The company, which competes with legacy players including American Express and disruptors such as Brex, has struck a chord with small- and medium-sized businesses by promising to save users money and time. That’s…
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WATCH NOW: M-HC chamber honors 3 small businesses with Startup awards | Local News
A video production company, a lavender farm and a custom watercolor stationery company have earned cash prizes for starting up new enterprises in the past year. They are the winners this year in the Startup MHC program, announced Wednesday in a ceremony at the Martinsville Municipal Building. Each received cash for a specified need and access to the Martinsville-Henry County Chamber of Commerce’s support systems for new businesses. Kendall Davis, who has a videography advertising and social media marketing company, BAG Productions, received $6,921.46. Carolyn Byrd, owner of Imagination Lavender Farm in Dyer’s Store, won $3,500, and Ashleigh Pritchard, an artist who paints pet portraits and stationery through CharmCat, won…
