Raise Financial Services, the parent company of Indian stock trading and investment app Dhan, raised $120M led by Hornbill Capital at a $1.2B valuation (Kunal Manchanada/Entrackr)
https://entrackr.com/news/dhan-turns-unicorn-after-120-mn-f…
Good Morning #Canada
It's a slow historical news day, except for Walter Gretzky's birthday, so time for another post on provincial governmental cities. Today, we present some history on Ottawa, which is not a provincial capital but somehow was lucky enough to be chosen as the capital of Canada. In the 1800s, Upper Canada moved their capital like a traveling circus, so in the 1850s a competition arose between Quebec City, Montreal, Kingston, Toronto, and some muddy lumber town that until recently was named Bytown. An unbiased expert on Canadian geography and regional governments was selected to choose the permanent capital of Upper Canada - Queen Victoria. There was no chance that a French speaking city was going to be chosen by the British monarch, and Kingston and Toronto were too close to those pesky Americans who liked to invade us every decade or so. So Ottawa, in the middle of nowhere, was the obvious choice.
#CanadaIsAwesome #CanadianCapitals
https://thecanadianencyclopedia.ca/en/article/ottawa-ont
Norway: the fossil fuel capital of Europe – Michael Roberts Blog
https://thenextrecession.wordpress.com/2025/09/07/norway-the-fossil-fuel-capital-of-europe/
🇺🇦 #NowPlaying on KEXP's #VarietyMix
Guerilla Toss:
🎵 Cannibal Capital
#GuerillaToss
https://guerillatoss.bandcamp.com/track/cannibal-capital
https://open.spotify.com/track/5mhpd12wL82CIlXjUqngTA
A note on the mechanism of substitution of labour with capital in the production processes
Vladimir Pokrovskii
https://arxiv.org/abs/2509.05386 https://arx…
BATTLE for Bitcoin: Capital-Efficient Optimistic Bridges with Large Committees
Sergio Demian Lerner, Ariel Futoransky
https://arxiv.org/abs/2510.06468 https://
How VC firm 1789 Capital grew to $1B in assets with Donald Trump Jr. as a partner; its recent deals include investments in xAI, Neuralink, and Perplexity (Reuters)
https://www.reuters.com/investigations/trump-linked-venture-fun…
A profile of 6-year-old Ramp, which has grown to a $22.5B valuation as it expanded beyond corporate cards to tools for expense reporting, bill payment, and more (Leo Schwartz/Fortune)
https://fortune.com/article/ramp-american-express-corp…
Meanwhile, a Bermuda-regulated bitcoin life insurance provider, raised $82M from Apollo, Bain Capital, Haun Ventures, and others, after a $40M Series A in April (Muyao Shen/Bloomberg)
https://www.bloomberg.com/news/articles/2025-…