Airbnb closes in on $1.5 billion fundraising

Online home-rental marketplace Airbnb Inc is closing on a $1.5 billion fundraising that would boost the company's valuation to $24 billion, the Financial Times reported.

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Electronic cigarette pipes

Pax Lab Heats Up With $46.7 Million in Series C Funding To Expand and Introduce New Product Lines

Botanical vaporizer manufacturer Pax Labs received $46.7 million in Series C financing from their investors to expand operation to the international market.

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Daniel Ek

Spotify Raises $526 Million in Face Off with Apple

To counter the threat possessed by Apple Inc's new Apple Music subscription service, Spotify, the current leader in the music-streaming business organized a new round of funding from investors on Tuesday.

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Podcast platform Acast raises $5 million from Bonnier Growth Media

Swedish podcasting platform Acast has raised $5 million from Sweden's Bonnier Growth Media as it targets further expansion in Europe and the United States, it said in a statement on Monday.

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Tim Chen (L) with Stephanie Wei

Startup NerdWallet raises $64 million in first round of funding

NerdWallet said it had raised $64 million in its first round of funding, far more cash than it needs to run the personal finance startup, in part to underscore its growth and show it has the potential to one day be valued at over $1 billion.

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Alisher Usmanov

Russian tycoon to fund restoration of ancient Roman basilica

Russian tycoon, Alisher Usmanov, is to finance the restoration of one of ancient Rome's biggest public buildings, topping up the funding that Italy urgently needs to prop up its crumbling monuments after three years of recession.

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Spotify nears deal to raise $400 mln, valuing it at $8.4 billion: WSJ

Spotify AB is nearing a deal to raise $400 million, valuing the music streaming service provider at $8.4 billion, the Wall Street Journal reported, citing people familiar with the matter.

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Bhavish Aggarwal

India's Ola raises about $314 million in fresh funding: company filing

India's biggest online cab-hailing service Ola has raised about $314 million in a fresh funding round from investors led by Russian billionaire Yuri Milner's DST Global, a company filing showed.

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China charity law set to boost public trust in charities

China has prepared a draft law for charities to register directly with the government, making it easier for them to raise funds and gain tax exemptions, while allaying public concern over the way they are run, following some high-profile scandals.

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Cerberus Capital Management LP

Cerberus seeks over $3 billion for private equity fund

Cerberus Capital Management LP is seeking more than $3 billion for its latest flagship private equity fund to invest in distressed assets such as non-performing loans and ailing companies that need to be restructured, people familiar with the matter said.

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London's Globe theatre

Shakespeare's Globe theaters sets stage for new funding for culture

William Shakespeare's Globe theaters is taking on a new role as a financial trail-blazer by seeking to tap into a form of funding dominated to date by social enterprises and charities.

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Pinterest's latest funding round values it at $11 billion: WSJ

Photo-sharing application company Pinterest has raised $367 million in its latest round of funding, according to a filing with the Securities and Exchange Commission on Monday.

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Snapchat seeks new funding at up to $19 billion valuation: Bloomberg

Snapchat is looking to raise as much as $500 million in a new funding round that would value the mobile messaging company at up to $19 billion, Bloomberg reported on Tuesday, citing a person with knowledge of the matter.

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IMF grants $100 million debt relief to Ebola-hit countries

The International Monetary Fund has granted Guinea, Liberia and Sierra Leone debt relief of about $100 million in total, the first time a global institution has provided such relief to the three West African nations hardest hit by the Ebola outbreak.

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Bill Gates

Gates, UK take lead in $7.5 billion pledge for children's vaccines

International donors pledged $7.5 billion on Tuesday to immunize 300 million children in poor countries against deadly diseases such as diarrhea and pneumonia.

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