Tech hardware companies report the highest US CBP tariff refunds at $2.5B across six companies, including $2.2B in refunds to Apple alone; Amazon received $640M
Apple, Nike and FedEx are just a few companies recovering big sums relatively quickly, and some are passing at least a share on to customers
Strava CEO Michael Martin says Strava plans to launch a US IPO; Sensor Tower says Strava has 50M MAUs and users spent $180M+ on Premium in the year to September
CEO Michael Martin targets US IPO to raise capital for deals to keep Strava ahead of rivals including Garmin and Nike
Apple's Services revenue hit $79.4B in 2022, more than Intel's $63.1B in revenue and the combined revenues of McDonald's and Nike
Apple Services business has now grown to become one of its most lucrative segments, with revenue surpassing that of major corporations.
Dune Analytics: Nike's NFT sales have generated $185M, followed by Dolce & Gabbana with $25.7M, Tiffany with $12.6M, Gucci with $11.6M, and Adidas with $10.9M
Nicholas Kitonyi / NFTgators :
Toronto-based Vena Solutions, which offers cloud-based financial planning software for companies like Nike, raises $300M CAD from Vista Equity Partners
Enjin, a blockchain startup that created the NFT standard used by Microsoft and Nike, raises $18.9M to build a Polkadot-based blockchain network
Quick Take — Enjin has raised $18.9 million to build a Polkadot-based blockchain network, dubbed Efinity, with a focus on non-fungible tokens or NFTs.
Workplace productivity and project management service ClickUp raises $100M at a $1B valuation led by Georgian and says Nike, Uber, and Airbnb are clients
Katie Roof / Bloomberg :
Nike buys Celect, an AI startup focused on predicting what customers want, allowing better inventory management; Celect had raised over $30M from investors
Nike's market cap has swollen past $100 billion, but the shoe company still sees potential to learn more about what customers …
Vena Solutions, which offers cloud-based financial planning software for clients like Nike and M&S, raises $115M Series D, bringing the total raised to $148M
Duncan Riley / SiliconANGLE :
Australia-based employee management software firm Deputy raises $25M Series A from OpenView; Deputy says it has 28K clients, including Amazon, Nike, and NASA
Tony Yoo / Business Insider Australia :