Drone investment set to soar despite regulation threat

Drones have hit the headlines again this month, as proposed FAA regulations threaten to make package delivery via unmanned aircraft unfeasible. But while lobbyists from some of technology’s biggest names battle to…

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Accounting software company Xero bags $111m in funding

New Zealand-based accounting startup Xero has announced nearly $111 million of funding. Accel Partners will invest $100 million into the company, while current backer Matrix Capital Management will invest $10.8 million. The…

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Employee communications specialist GuideSpark raises $22.2m

Employee communications company GuideSpark, a Red Herring Top 100 winner, has raised $22.2 million in Series C funding, led by Meritech Capital Partners. Previous backers New Enterprise Associates, Storm Ventures and IDG…

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On-demand delivery service Postmates raises $35m

The on-demand delivery service Postmates has secured $35 million in financing from Spark Capital at a valuation somewhere between $150 and $200 million, to bring total funding to $58 million.

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The Exit Report: LoopPay, UTAC Holdings, Gymsurfing

Samsung has acquired LoopPay, a mobile wallet that counts Visa as an investor and reportedly works at 90% of retail locations today.

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Latest social networks explore new profit points

Social media statistics tend to be staggering. There are more Facebook users on Earth, for example, than there are Catholics. Half a billion Tweets are sent every single day; six billion hours…

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Real-time content marketing company Livefyre raises $47m

Livefyre, a real-time content marketing startup, has raised $47 million in funding from Adobe, Cue Ball, Greycroft Partners, Hillsven Capital, Salesforce Ventures and U.S. Venture Partners. The company announced that it secured…

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Uber expands Series E funding round by $1 billion

Uber has expanded its Series E funding round, which could now reach $2.8 billion. The taxi hailing app initially announced $1.2 billion in funding with the option to add another $600 million,…

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WorldRemit secures $100 million in funding

Money transferring service WorldRemit has raised $100 million in Series B funding led by Technology Crossover Ventures, with participation from previous backer Accel Partners. WorldRemit offers a web or smartphone-based service primarily…

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Online car marketplace Carmudi grabs $25m Series B

Carmudi, an online marketplace for new and used cars, is the recipient of $25 million in Series B financing. In what is a textbook Rocket Internet investment, the company is currently operational in 20 countries, but is looking to use the funds to fuel further expansion into Asia and Mexico.

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