The ten teams in Formula One auto racing are under a total debt of $318.2 million, and 64.2% of that belongs to Lotus. Lotus belongs to Genii Capital, a private equity firm founded by Skype investor Gerard Lopez. Creditors have been going after Lotus for the last several months. Its cars were almost impounded during the Belgian Grand Prix last weekend after former reserve driver Charles Pic filed a legal dispute.
US Defense Secretary Ash Carter on August 8 gave $75 million to FlexTech Alliance, a consortium of giant tech and research firms, to develop an electronic device small enough for soldiers to carry.
Uber Technologies China is drawing near their $1 billion goal of raising funds to help support their fight against wealthier Chinese rival Didi Kuaidi Joint Co.
Coursera, the world's leading online education provider, announced that it raised almost $50 million in funding for their expansion plans to China, the Americas and India.
Indiegogo CEO Slava Rubin is giving away some of the most important tips and tricks on how to successfully raise funds for your particular project. Indiegogo is a platform that has helped people raise funds for their ideas since it debuted in 2008. It has helped campaign raise as much as half a billion dollars.
ChartMogul, an analytics platform, is in the process of strengthening its product development, for which the Berlin-based company has raised new seed funding from Point Nine Capital. The just completed seed funding round is estimated to be $900,000 and the analytics platform provider will invest in speeding up the product development.
Most investors in Silicon Valley use Mattermark to keep track of startup companies looking to raise funds. Now, its CEO and co-founder Danielle Morrill is giving a lot of advices for startup founders on how to get the most from fundraising in Silicon Valley.
Retail Acquisitions, the new owner of department store chain BhS seeks for funding of 70 million pounds several months after buying it. The new owners are now talking with prospect providers for additional funds that would help them transform the iconic brand.
StoreDot, the startup company producing nanotech batteries that can charge smartphones in 30 seconds, had acquired $18M funds from Samsung, Norma Investments and Singulariteam, totaling $66M. The new funding will be spent to charge electric cars.
TrackIF is a company that brings online retailers and customers closer together by helping potential buyers track products through an embedded browser extension, and giving them intelligent information through email alerts.
The Funding Circle has earmarked $1-billion funding for small business globally and will make this financing in a hassle-free and much-simplified process.
Daniel Lubetzky, Presidential Ambassador for Global Entrepreneurship and KIND CEO is investing $3M on three startups; EatPops, 479 Degrees, and GimMe Health Foods.
Software startup Occipital has announced that the company received a round of funding from a group of investors. TechCrunch reports that the Series B funding worth $13 million was raised from investors Intel Capital, Shea Ventures, Grishin Robotics, and Foundry Group, who had previously participated in the first round of funding for Occipital.
Popular news-reading app Flipboard has raised $50 million from a sole investor to boost manpower and infrastructure, reports say.
Taylor Swift's generous donation of $50,000 via GoFundMe has led the well-known crowdfunding website to raise its fundraising limits.
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