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Kabam raises $120m in funding from Alibaba – Investment Round Up

Seed funding Resy, a restaurant reservations app, has raised a $2 million seed round led by Vayner/RSE and Lerer Ventures. Panarea Capital, A-Grade Holdings, Slow Ventures and Ken Austin also

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Samsung suffers third straight quarter of declining profits

Samsung has posted a 20% drop in net profit in its latest earnings report. The South Korean company also announced the worst performance by its smartphone business since the second quarter of 2012, as

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Sony’s surprise Q2 profits belie poor annual figures

Sony Corp posted surprise second-quarter profits today, despite warning of big year-end losses. Net income for the three months ending June was $260.82 million, compared to $30.1 million for the same

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Epic Sciences raises $30m Series C – Investment Round Up

Seed funding San Francisco-based gaming studio JuiceBox Games has raised a $2.5 million seed funding round led by Initial Capital. General Catalyst, Index Ventures and Maveron also participated.

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Twitter stock soars as World Cup boosts user figures

Twitter’s stock soared after the company posted better than expected earnings and user growth in its quarterly report. Shares in the social media company jumped as much as 35% in after-hours trading

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Flipkart raises massive $1 billion funding round – Investment Round Up

Series A Kurbo Health, a mobile program to help people lose weight, has raised $5.8 million in Series A funding from Signia Venture Partners, Data Collective, Bessemer Venture Partners and Promus

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IPO + M&A Watch: Google, Rocket Internet, LinkedIn

IPO Rumors that the Gilt Groupe is preparing for a fall IPO were fueled this week by news that the company underwent a significant reorganization, which saw CMO Lizzie Francis and VP Jyothi Rao

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Amazon reports huge second quarter loss despite sales increase

Amazon announced a worse than expected loss for the second quarter of 2014 despite an increase in sales, as investments in a range of new products and services took their toll on profits. The

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NextNav secures $70m funding round – Investment Round Up

Seed funding Fixed, a mobile app which allows users to protest parking tickets, has raised $1.2 million in seed funding from Y Combinator, Merus Capital and other angel investors. Users can upload

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Hortonworks raises $50m – Investment Round Up

Seed VenueBook, a New York-based ticketing and venue platform, has raised $2 million in seed funding from investors including I2BF Global Ventures, Cayuga Ventures, MI Ventures and Kindler Capital.

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