investment fund
Meanwhile, In Europe … (Fits.me, Appoxee, Heverest.ru, Populis)
techcrunch.com
Here’s a roundup of recent stories on TechCrunch Europe: — Internet publishing company Populis is expanding its network operations to South America with the acquisition of Cidade Internet, a popular Brazilian Web portal. Financial terms of the acquisition were not disclosed. — Moscow-based Heverest.ru, an online retailer of sportswear, leisure...
Mallorca-based Incubator Raises €1.2m, Announces First Investments
techcrunch.com
Mola.com (meaning “cool” in Spanish), a Palma de Mallorca based startup accelerator/incubator has raised €1.2M three months after announcing it’s official launch. The funding comes from Bernardo Hernández, angel investor and currently Global Head of Marketing for Emerging Products at Google; Javier Gómez Navarro, ex Minister of Tourism in Spain;...
Face.com Is Definitely Being Acquired By Facebook Say Sources
techcrunch.com
The purchase of Face.com by Facebook is happening and is a done deal, say multiple TechCrunch sources. Those familiar with the matter have confirmed the price will be $100m, as per the media speculation in the last few days. So far Face.com itself has declined to comment. CEO Gil Hirsch...
U2's Bono and the Edge invest in Dropbox
www.guardian.co.uk
Stars follow $270m Facebook stake with backing for internet storage serviceAfter making profits of about $1bn (£620m) from their Facebook investment, U2 stars Bono and the Edge appear to have a thirst for web technology and have given personal backing to internet storage service Dropbox.The U2 pair were announced as...
After 5 Years Of Bootstrapping, Behance Nabs $6.5M From USV, Jeff Bezos, Dave Morin & More
techcrunch.com
At the end of March, we covered Behance’s major site redesign, at which point we learned that the startup was launching over 20K new projects every week, with 1 million projects created to date, and its network had doubled over the last month, with 10 million visits to its network...
Revealed: Bono And The Edge of U2 Are Dropbox Investors
techcrunch.com
In the annals of celebrities investing in tech startups, this one’s looking especially smart. Bono and The Edge, the singer and lead guitarist of Irish rock band U2, got into Dropbox’s $250 million second round last year, they said in a tweet today. It’s the first individual, publicly announced startup...
Orange Publicis Fund’s First Investment: $15M For Ad Personalization Provider myThings
techcrunch.com
Last week we learned of a new, $400 million-plus investment fund from mobile operator Orange, ad giant Publicis and Iris Capital Management. Today, news of its first strategic investment: myThings, an ad retargeting specialist, is getting $15 million, and will see Orange and Publicis take an equity stake in the...
Is Yandex behind Facebook’s rumored Face.com deal?
gigaom.com
Facebook’s apparent interest in Israeli image recognition startup Face.com could rely on an unexpected partner — the Russian search engine Yandex, according to reports. Rumors that Mark Zuckerberg is interested in purchasing first emerged on Monday, with a report in Israel’s Calcalist that was then spun up with a potential...
NEA, the huge low-profile VC firm, is raising $2.3 billion for its fourteenth fund
thenextweb.com
New Enterprise Associates (NEA), one of the largest and most successful investment firms on the planet, has filed paperwork with the U.S. Securities and Exchange Commission indicating its intent to raise a major fourteenth fund. NEA is apparently looking to raise $2.3 billion for the fund, which is in line...
Elicit Has Raised a $1.5 Million Series A to Fix Site Search
pandodaily.com
Chicago-based Elicit has raised a $1.5 million Series A funding round. Greycroft Partners, First Round Capital, ff Ventures, and Michael Lazerow’s L3 investment fund all participated. Best described as human-driven search curation, Elicit was designed to assist marketers in tackling a serious issue: product search. The company was founded...
Qwiki Launches A Publishing Platform For ABC News And Others
techcrunch.com
Qwiki, the startup that won Disrupt in 2010, is announcing a new platform today for bloggers and other online publishers. The company’s initial product basically assembled a multimedia “story” around Wikipedia articles, with images, videos, maps, and more. But the vision was bigger — to present a new kind of...
Two Years and $33 Million Later, Startup Investor Lerer Ventures Starts Building Its Own Companies
allthingsd.com
A couple of years ago Ken Lerer and his son Ben put together an investment fund that concentrates on early stage startups. Which means they were doing the same thing that lots of other well-off, well-connected guys have been for the last couple years. At the time, the Lerer’s pitch...
Anonymous Teams With Wikileaks To Publish Confidential Stratfor Emails in ‘The Global Intelligence Files’
www.betabeat.com
Wikileaks's symbol for the Stratfor email leak Wikileaks dropped a bomb on Texas-based "global intelligence company" Stratfor late Sunday with "The Global Intelligence Files," a dump of over 5 million hacked emails containing confidential information about Stratfor's informers, psych ops, pay-offs and the methods they use to make the payments....
Anonymous Teams With Wikileaks To Publish Confidential Stratfor Emails in ‘The Global Intelligence Files’
DraftDay raises $875K round for daily fantasy sports web site
venturebeat.com
Fantasy sports leagues are a big investment of time. You pick your fantasy team and watch your results unfold over the course of a season. If you aren’t lucky, it could be a very long season. That’s why DraftDay is offering something different: a fantasy sports game that lasts...
Elevation seeks $1 billion with help from U2's Bono
news.cnet.com
The private equity firm best known for its shares in Facebook is making the rounds to ramp up more money for its investment fund. [Read more]...
Ned Hooper out at Cisco and Padmasree Warrior moves up
gigaom.com
Ned HooperCisco has shaken up its executive team the networking giant reported in a blog post on Tuesday. Ned Hooper, the former chief strategy officer at Cisco is leaving to start an investment fund, while Padmasree Warrior, the former CTO is stepping up to become the Chief Technology and Strategy...
K9 Ventures digs for $40 million bone
finance.fortune.cnn.com
"Super angel" Manu Kumar is raising a new fund. K9 Ventures is seeking to raise around $40 million for its second investment fund, Fortune has learned. The Palo Alto, Calif.-based firm was founded several years ago by serial entrepreneur Manu Kumar, to invest in concept-stage (sub-$100k investments) and seed-stage (sub-$1m)...
Cable & Wireless Worldwide shareholder now backs Vodafone bid
www.guardian.co.uk
Orbis drops its opposition to the deal, which will turn Vodafone's UK arm into the second largest domestic telecoms businessMobile phone giant Vodafone looks set for victory in its £1bn bid for Cable & Wireless Worldwide following the capitulation of CWW's largest shareholder.Orbis Investment Management, which holds 19.06% of CWW...
Five lessons from London’s hardest working VCs
gigaom.com
Since closing its first investment fund of £37 million ($60 million) a year ago, London’s Passion Capital has been on a tear. Based in their White Bear Yard co-working space in Clerkenwell, where they have surrounded themselves with many of the teams they invest in, the three-person operation has pumped...
Peter Thiel opens venture fund for New Zealand tech
venturebeat.com
PayPal co-founder Peter Thiel is must have a thing for Kiwis. He’s launching another venture fund focused on the otherwise unheard of New Zealand technology scene. The fund, which Thiel is executing through his venture capital firm Valar Ventures, totals $32 million, with help from the New Zealand Venture...
Round 3 in the Honeywell vs. Nest fisticuffs
gigaom.com
The Nest thermostat (in cooling mode).The bare-knuckle boxing match between thermostat giant Honeywell and smart thermostat startup Nest Labs entered round three on Monday, with Honeywell’s official denial of Nest’s counterclaim. Back in February Honeywell slapped Nest with a patent infringement lawsuit over the smart thermostat technology, and in April...
Vending Machines in Taxis and Fitting Rooms on the Web Win NYC Next Idea Contest
www.betabeat.com
From left, Tomas Grosskopf and Brian Shimmerlik of TaxiTreats and Dan McCann, and Amy Bergenwall of Stylesize were the winners of NYC Next Idea (Ben Weitzenkorn) Two crazy, brand new startups each won $17,500 and six months of free office space at the NYC Next Idea competition held yesterday at...
Nvidia teams with Intellectual Ventures to acquire patents
venturebeat.com
Graphics chip maker Nvidia has teamed up with Nathan Myhrvold’s Intellectual Ventures to acquire a set of patents developed and owned by IPWireless. The deal shows that the patent wars are a grim reality and big companies have to arm themselves with intellectual property in order to ward off...
J.P. Morgan buys share of Conduit for $100 million
gigaom.com
An investment fund affiliated with J.P. Morgan is paying $100 million for a 7 percent stake of online and mobile engagement tool maker Conduit, which is now valued at $1.3 billion. The investment fund, which is being advised by J.P. Morgan Asset Management but was not further identified has agreed to...
Blumberg Capital Raising $100 Million For Third Venture Fund
techcrunch.com
Blumberg Capital is raising $100 million for what appears to be its third venture capital investment fund, according to documents filed today with the U.S. Securities and Exchange Commission. Blumberg focuses on early-stage funding opportunities mostly in digital and social networking companies, and it typically acquires its first stake in...
Robert Scoble Is In Talks To Be The 'Pretty Face' Of A New Angel Investment Fund
www.businessinsider.com
Robert Scoble, a Rackspace employee and massive presence in the tech blogosphere, is also getting involved with an angel investment fund, Dan Lyons of The Daily Beast reports. Lyons said he got a call from a venture capitalist who said he was recently offered a chance to participate in...
Jalak Jobanputra, RTP Ventures New Managing Director, Talks About Russian Billionaire Leonid Boguslavsky’s $120 M. Fund
www.betabeat.com
Ms. Jobanputra A few weeks ago we told you that RTP Ventures—the U.S. arm of ru-Net, the $700 million fund founded by Russian billionaire Leonid Boguslavsky—was on its way to naming "two splashy new hires" to join senior managing director Kirill Sheynkman. Although word got out early, as of this week,...
Jalak Jobanputra, RTP Ventures New Managing Director, Talks About Russian Billionaire Leonid Boguslavsky’s $120 M. Fund
Tech Blog Payola?
www.theatlantic.com
Suppose you have a stake in an investment fund and would like to get favorable publicity for the companies in your portfolio. One approach is to spend your day reaching out to influential tech bloggers, trying to sell them on the glories of these companies. But that takes so much...
Behance Lands $6.5M From USV and Others, Gets Ready to Scale
www.betabeat.com
Behance CEO Scott Belsky (scottbelsky.com) After years of bootstrapping, online portfolio platform Behance is taking on outside funding to the tune of $6.5 million, TechCrunch says. Union Square Ventures led the round, and the list of additional investors is something of a who's who. Says a note on the company's blog: We’re...
Alliance of Angels takes flight, spins off from Technology Alliance
www.geekwire.com
The Alliance of Angels — a 15-year-old Seattle angel investment organization that boasts more than 60 members — is spinning off from its longtime non-profit parent organization, the Technology Alliance. In a press release today, Alliance of Angels Chairman Dan Rosen said that the move marked the “next logical step”...
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