BMW i Ventures Made Strategic Investment in RideCell Startup
The German carmaker's venture capital arm announced Wednesday to make strategic investment in RideCell. BMW established i Ventures in 2011 to target mobility service startups.
Funding
Steward Health Care Puts All 31 Hospitals up for Sale to Address $9 Billion Debt After Filing for Bankruptcy
Steward Health Care has reportedly listed all its 31 hospitals in the United States for sale to pay off its $9 billion debt.
Social Security and Medicare Get Boost From Stronger US Economy, But Funds Expected to Run Short in 2035
Social Security and Medicare have improved due to stronger-than-expected economic growth. However, the safety-net programs are still expected to face a funding crisis in approximately ten years...
Heineken Announces £39 Million Investment to Reopen 62 Closed UK Pubs
The focus of the investment will be on reopening 62 pubs that were previously closed and renovating 94 existing outlets...
Apple Spends Less on AI Than Rivals; Investors Worried About Sales
Despite rivals investing heavily in AI-focused infrastructure, Apple, emphasizing hardware sales, maintains a lower capital expenditure, raising concerns about its sales and competitiveness...
FCC Faces Funding Shortfall in Effort to Remove Chinese Tech Giants Huawei, ZTE From Networks
A US scheme to pay carriers and ISPs to remove Huawei and ZTE equipmen...
Affordable Connectivity Program: Congress Fights to Refuel Low-Cost Broadband Program Amid Looming Expiration
The Affordable Connectivity Program's (ACP) funding is declining, leav...
Latest News
Flywheel Raises $4 Million Series A Fund From Investor Group Led By Five Elms Capital & Others
After started rolling in 2013, Flywheel, a blog management service providing startup has raised $1.2 million seed fund around one and half year ago. Now, the startup has raised another $4 million Seri
Xiaomi Partners with India's Hungama, Invests $25 Million
Xiaomi’s partnership with India’s Hungama will make it easier, more accessible and more affordable for locals to access the company’s service that will soon be integrated together with themes and ring
Caribbean Bitcoin Firm Secured Strategic Investment from Overstock.com
Overstock.com is making a strategic investment in Caribbean digital currency firm Bitt. The $4 million in Series A will be allocated to improve Bitt’s software as well as expanding its operation acros
Dick Cook Studios Secured $500 Million Production Funding from Chinese Movie Company Film Carnival
American movie studios are getting closer to Chinese firms as sources of funding. Dick Cook Studios has just secured $500 million in production deal with China’s Film Carnival. The studio is working o
SunEdison to File Chapter 11, Probed By SEC
SunEdison is about to file bankruptcy protection to safeguard itself from creditors while trying to recover from its losses while it continues to operate. At the same time it is being investigated by
Turner Broadcasting Leads a $15 Million Investment in Mashable
Mashable announced on Thursday to receive a new round of investment. The Series C funding was led by Turner Broadcasting.
Spotify Raises $1 Billion Through Financing Deal
Music streaming company Spotify raises $ 1 billion deal through financing in the form of convertible debt. TPG rounded the funds together with Dragoneer along with other institutional investors. The d
Yahoo Potential Buyers Have 14 Days to Present Their Bid
Yahoo potential buyers only have until April 11 to submit their bid. Along with the proposed amount are details on how the purchase would be financed, conditions or approvals to be met and what import
Gobi Partners and Malaysia Venture Capital to invest in Southeast Asia tech start-ups
Gobi Partners along with Malaysia Venture Capital has created a $14.5 million investment pool to focus on tech start-ups in the Southeast Asian region.
