Top Stories

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 leave and several other employees lose their jobs. The New York-based designer e-commerce platform with over 6 million users most recently raised funds … [Read more...]

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 world's largest online retailer posted a loss of $126 million, or $0.27 per share, which was wider than the $0.15 per share loss analysts had expected, … [Read more...]

NextNav secures $70m funding round – Investment Round Up

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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 a photo of a parking ticket and evidence of why it was not properly issued, and Fixed will take the case to the local government. The company charges … [Read more...]

Hortonworks raises $50m – Investment Round Up

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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. The company’s offering is aimed at venues and events planners and helps them manage bookings. VenueBook will use the funds to expand sales and … [Read more...]

Drone platform Airware raises $25m – Investment Round Up

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Series A Freshbooks, a cloud-based accounting software provider, has raised a Series A round worth $30 million, led by Oak Investment Partners. Atlas Venture and Georgian Partners also participated. Freshbooks has not previously raised funds since it was founded in 2003 and will use this investment to expand its team. Series B Commercial … [Read more...]

Apple’s mixed earnings report reveals second straight quarter of dwindling iPad sales


Apple reported mixed quarterly earnings today, with increased iPhone sales, higher than expected net income and strong growth in gross margins offset by declining iPad sales and lower than expected revenue. Apple reported $37.4 billion in revenue for Q3, down slightly from the $38 billion forecasted by analysts, but a 5.9% increase from the … [Read more...]

AppDynamics raises $120m at $1bn valuation – Investment Round Up

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Series A SimpleReach, a content marketing startup, has raised a Series A round worth $9 million. MK Capital led the round, with participation from Atlas Venture, Village Ventures and High Peaks Venture Partners. SimpleReach was founded in 2010 and helps marketers and publishers effectively measure the value of content and adverts. The company … [Read more...]

Urban Compass raises $40m – Investment Round Up

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Series A The news that Yo has raised a Series A will do nothing to calm those fearing a tech bubble. The messaging app’s sole function is to send “Yo” back and forth between its users, but has secured $1.25 million in venture funding from Betaworks and Pete Cashmore (founder of Mashable). The financing values the company between $5 and $10 … [Read more...]

IPO and M&A Watch: Line, Newsle, CardSpring


Keep an Eye On The Naver Corporation, a South Korean company that operates the popular messaging application Line, announced on Tuesday that it had filed its subsidiary with the Tokyo Stock Exchange for an IPO. Line boasts over 430 million users, many of whom live in Japan. Like its Chinese counterpart WeChat, Line relies on in-app purchases for … [Read more...]

Microsoft to lay off 18,000 in biggest jobs cut

ms cuts

U.S. tech giant Microsoft is set to lay off 18,000 employees, according to an internal memo from its new CEO. Satya Nadella, who took over the reigns from longterm chief Steve Ballmer in February, admitted that Microsoft needs to be “leaner” alongside more streamlined rivals such as Apple and Google, Inc. Nadella added that the biggest hit would … [Read more...]