THE BUSINESS OF TECHNOLOGY
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 brings Eventbrite’s total investment to $140 million. "We believe Eventbrite has a strong … [Read more...]
The Samwer brothers, the infamous siblings behind Berlin's Rocket Internet incubator known for launching clones of successful companies in new markets, have teamed up with Fabian Siegel, one of the co-founders of Delivery Hero, a global online food delivery platform, to launch a new fund to be headquartered in Munich, Germany. Global Founders … [Read more...]
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 , Indochino Chairman and former president and COO of Yahoo!. Tom Stemberg of the Highland Consumer Fund will … [Read more...]
NewsCred, a media company that serves as a middle man for third party media content, has raised $15 million and added the New York Times as a prestigious partner to give its model more validity. Founded in 2008, Newswire reinvents the newswire business model by offering media companies an easy way to syndicate premium content. Rather than offering … [Read more...]
Cybercrime is making big money, and not just for the criminals. The rise of cyberattacks has led to a big market for solutions to fight it. This week, Endgame, a next generation protector against cybercrime, has raised $23 million in a round led by Paladin Capital, the private equity firm. Existing investors Bessemer Venture Partners, Columbia … [Read more...]
Cobone, one of the biggest daily deals companies in the Middle East with over 2 million subscribers, has been acquired by Tiger Global Management, a New York investment firm whose early stage investment sheet includes Facebook, Zynga and LinkedIn. The deal buys out the stakes of management and Jabbar Internet Group, and leaves Cobone with … [Read more...]
Trulia, the real estate listings site that went public last year, is looking to raise about $150 million through selling previously locked up shares. The company will use the funding to purchase acquisitions. In an SEC filing, the company indicated it would offer about 5.25 million shares in a primary and secondary offering. About 1.75 million … [Read more...]
Pinterest has raised a $200 million round that values the company at $2.5 billion. The cash essentially buys the social sharing site more time to figure out how to actually make money to justify that valuation. The round included participation from existing investors Andreessen Horowitz, Bessemer Venture Partners and FirstMark Capital, along … [Read more...]
2012 remains a mixed bag for the Israeli VC community. According to a recent IVC report, “Most Active Venture Capital Funds in Israel,” Israeli venture capital funds raised $607 million in 2012, a 30 percent drop from the previous year. Nevertheless, more than 90 venture capital funds made first investments in Israeli-related companies in 2012, … [Read more...]
Third time’s a charm? A group of lawmakers led by Senator Jerry Moran (R-Kan.) have launched Startup Act 3.0, a bill that would make it possible for foreign entrepreneurs who employ at least five full time, non-family members to stay in the US for at least three years, as well as have a potential path to permanent citizenship. Before anybody … [Read more...]