Young Gaming Heavyweight Supercell Raises $130M at $770M Valuation
Though Supercell only entered the gaming market a couple of years ago and only has two titles in the Apple app store, its overnight success is garnering some serious cash. Forbes recently confirmed the young Finnish gaming startup raised $130 million at a $770 million valuation as investors bet on its multi-billion dollar potential. The financial … Read More
Ductor to Revolutionize Fertilizer, Crude Oil with Bio-based Approach to Ammonia
By MATT GALLAGHER, Red Herring Harnessing the power of ammonia, Ductor hopes to revolutionize both garden farming and gas tanks by the end of this summer. The company is developing what it claims to be the world’s first industrial scale ammonia and phosphate production technology based on a 100 percent biological process that actually … Read More
Ductor to Revolutionize Fertilizer, Crude Oil with Bio-based Approach to Ammonia
By MATT GALLAGHER, Red Herring Harnessing the power of ammonia, Ductor hopes to revolutionize both garden farming and gas tanks by the end of this summer. The company is developing what it claims to be the world’s first industrial scale ammonia and phosphate production technology based on a 100 percent biological process that actually … Read More
Top Stories
Costs Soaring, Baidu 1Q $328.9M Earnings Disappoint Analysts
Baidu managed to post impressive revenue growth of 40 percent for the first quarter of 2013, but its earnings missed analysts’ expectations due to excessive R&D costs. The company earned $961 million in total revenue, or 5.97 billion RMB, but missed analyst pre-estimates of 5.99 RMB. Its net income increased 8.5 … Read More
What Else?
Eventbrite Raises $60M, Puts Off IPO
Those waiting for Eventbrite to go public will have to be patient. The online ticketing company recently raised $60 million to buy it more time. The round was led by Tiger Global Management, and included a new investment partner, T. Rowe Price. It … Read More.
IBM Acquires UrbanCode for Fast App Development
In a sign that devops, the practice of fast software deployment, is the next big thing, IBM has acquired UrbanCode, a Cleveland software startup that automates the production and delivery of apps. The company’s systems are aligned with IBM’s own … Read More.
Indochina Raises $13M for Custom Online Menswear Shop
It costs money to look good, and Indochina just got a bundle, raising $13 million in a Series B round led by the Highland Consumer Fund with participation by existing investors Madrona Venture Group, Acton Capital Partners, and Jeff Mallett , … Read More.
AccessData Raises $45M for First Investment in its 25+ Year History
AccessData, the cyber security and digital forensics company that was one of the first to get in on the data and cyber protection gig way back in 1987, has raised $45 million for its first funding in the legacy company’s 26 year history. The … Read More.