M1 Finance closes $45M Series C mere months after it raised its $33M Series B

Just months after it announced a $33 million Series B, Chicago-based M1 Finance today disclosed a $45 Series C.

The new financing event was led by Left Lane Capital, the same investor that led M1’s Series B. Bear in mind that so-called inside rounds are now a bullish sign in 2020, as opposed to in prior VC eras when they were viewed more cooly. Other M1 investors include Jump Capital, Clocktower Technology Ventures and Chicago Ventures, though only the first two appear to have taken part in this round.

Per M1, the Series C comes just 120 days after it raised a Series B. A good question is why M1 has raised more capital, and why Left Lane Capital wanted to lead two rounds for the consumer-focused fintech provider. Going back to our prior coverage, we can figure it out.

Chicago’s M1 Finance, a consumer-focused fintech platform, reaches $1B under

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Williams-Sonoma Shares Rise on Raised Payout, Resumed Buyback

Shares of Williams-Sonoma  (WSM) – Get Report were higher Tuesday after the home-goods retailer said it would hike its quarterly dividend by 10% and resume its share buyback program.

The stock of the San Francisco company at last check was up 5.2% to $104.89. In 2020 through Monday’s close, the stock had risen 36%. 

The stock is trading around its 52-week high. It has quadrupled off its 52-week low above $26, set in mid-March.

The company, which also operates Pottery Barn, on Monday said it resumed its buyback and paid down all its short-term debt related to a $500 million revolving-credit line.

The new quarterly dividend, 53 cents a share up from 48 cents, is payable Nov. 27 to holders of record Oct. 23.

“Our decisions to increase our quarterly dividend, resume our share buyback program and pay down our revolver reflect the strength of our business and

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Trump raised 5 times as much money from America’s top CEOs as Biden

ELECTION



timeline: S&P 500 chief executives have combined to give more money to Trump’s campaign than Biden’s, even as the Democratic challenger has more S&P CEOs as donors.


S&P 500 chief executives have combined to give more money to Trump’s campaign than Biden’s, even as the Democratic challenger has more S&P CEOs as donors.

As the Nov. 3 election sparks record campaign contributions, the CEOs of S&P 500 companies are helping to fund the war chests of President Donald Trump and challenger Joe Biden, while also contributing to other Republican and Democratic politicians.

In their political giving as individuals, these chief executives have combined to give more to Trump than Biden. Some 15 CEOs whose companies are components of the S&P 500 (SPX) have donated a total of $2.489 million to Trump’s principal campaign committee, its joint fundraising groups with the Republican National Committee or pro-Trump super PACs.

Meanwhile, 30 chief execs have contributed $536,100 to Biden’s main campaign committee, its joint groups with the Democratic National Committee or pro-Biden super PACs. These figures come from

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