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.
Funding
Taylor Swift donates $50K to a sick fan with leukemia; crowdfunding site GoFundMe changes rules
Taylor Swift's generous donation of $50,000 via GoFundMe has led the well-known crowdfunding website to raise its fundraising limits.
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.
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.
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.
Latest News
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.
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.
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.
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.
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.
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.
International donors pledged $7.5 billion on Tuesday to immunize 300 million children in poor countries against deadly diseases such as diarrhea and pneumonia.
Worldwide child deaths will be halved over the next 15 years, polio, guinea worm and river blindness will be eradicated, and there will be a single-dose cure for malaria.
Space Exploration Technologies (SpaceX), founded by Elon Musk, said it has raised about $1 billion in a financing round with two new investors, Google Inc and Fidelity.
