Baltimore private equity firm Ecosystem Investment Partners (EIP) announced on Tuesday that they closed its third fund at $303 million, overriding its target of $200 million. With such amount of equity capital commitments, Monument Group Inc. is to serve again as exclusive placement agent.
A startup focusing in the student accommodation markets just received $60 million from high-profile firms and individuals, led by VY Capital. Student.com will use the funds to expand its presence and service in the promising markets of international students accommodation. For now, most of Student.com's bookings came from Asia-based students.
Swatch will help design the sunglasses collection while Safilo will be in charge of production. The two companies will distribute the products in both their stores worldwide. The five-year agreement aligns with both the companies' strategic plan to create a new design concept.
According to PwC and NVCA report, Charlottesville has been the fastest growing startup since 2010. Between 2010-2015, venture-backed startups increased 55% annually in the place where Thomas Jefferson's house is located.
Roger's walkie-talkie style voice messaging app that launched in 2015 gets a financial backing of $1 million from Social Capital. The new feature was created by ex-Spotify employees, Ricardo Vice Santos and Andreas Blixt, who have done complete justice to the phrase 'selling old wine in new bottle'. In the current scenario where voice messaging is no longer a novelty, Roger hopes to tap the market outside Asia where people are still stuck with texting, and win them with its simple, three-button structure.
Abingworth, the life-sciences international investment firm, announced last Thursday that they have raised a new $105 million Abingworth Clinical Co-Development Fund (ACCF) - the result of an investment made by the European Investment Fund and others. The fund is designed to support late-stage clinical therapies through co-development companies.
The subprime online lender company Elevate Credit delays its IPO scheduled on Thursday. Teetering market has been the main reason of the postponement and high risk of online subprime lending service.
A new app called Nutriray3D lets users to scan their food to determine calorie and nutrient count, but the company is still raising $50,000-worth of funds.
Tech start ups in India are in jeopardy after global investors tighten budget for fears that huge online sales may not happen due to increasing valuations and long-term profits.
Cocoon Networks, a Chinese-backed venture capital group is setting up a £500 ($700) million fund in London. The fund is aimed to invest in European tech startups.
Wearable IoT (Internet of Things) World launched Monday its Hong Kong operation after receiving $4.5 million worth of funding from China-based investor Radiant Venture Capital.
Venture capitalist poured a total of $37 billion worth of funds to start-ups in China in 2015, making it the biggest challenger to the leader in the Tech industry, which is the US.
TrueBridge Capital Partners announced the closing of its fourth venture capital fund-of-funds on January 13. The fourth fund-of-funds is secured at its $400 million hard cap.
JD.com, China’s largest online direct sales company, has raised $1 billion, for its JD Finance subsidiary from investors including Sequoia Capital China, China Harvest Investments and China Taiping Insurance.
Qualcomm Inc. and TDK group tie up to form a $ 3 billion project in Singapore. After completion of the venture by 2017, Qualcomm will own 51% of the new company with a provision to purchase TDK’s stake at a later time. Following the joint venture, Qualcom’s share price has fall a little but TDK share price has jumped by 5.5%, highest change within last two moths.
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