General Catalyst, a Silicon Valley venture capital firm with $30 billion in assets under management, has made its first investment in Saudi Arabia by participating in fintech startup Lean Technologies’ $67.5 million Series B round. Other investors included Bain Capital Ventures, Stanley Druckenmiller’s Duquesne Family Office, and Arbor Ventures, bringing Lean Technologies’ total funding to over $100 million. This investment signifies confidence in Saudi Arabia’s growth trajectory and Vision 2030 initiative, with fintech playing a pivotal role in diversifying the economy and creating new opportunities for the young Saudi workforce.
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The City of Montreal: A derelict owner by its own definition
The old Canadian Motor Boat Co. complex next to the Lachine Canal is a prime example of demolition by neglect, with graffiti, smashed windows, and danger signs indicating potential collapse. The uncaring owner of the building is being targeted by the City of Montreal's new bylaw against poorly maintained vacant buildings. This initiative aims to address the neglect of historic properties and protect the safety of the community. Full Article
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