Chinese Venture Capital Cocoon Networks Open a $700M Fund in London
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.
Funding
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 equipment from their networks is stalled owing to a $3 billion financing gap.
Affordable Connectivity Program: Congress Fights to Refuel Low-Cost Broadband Program Amid Looming Expiration
The Affordable Connectivity Program's (ACP) funding is declining, leaving New Yorkers wondering how they will afford broadband internet in their homes...
BlackRock Joins Saudi PIF for $5B Investment in Riyadh's BRIM Platform
BlackRock and Saudi Arabia's PIF launched BRIM, a $5 billion investment platform in Riyadh. The platform aims to boost foreign investment, support local markets, and foster economic transformation...
Ryan Reynolds and Rob McElhenney Jump Into Mexican Soccer With Investment in Necaxa
Ryan Reynolds and Rob McElhenney, known for owning Wrexham AFC, have acquired a stake in Mexican soccer team Club Necaxa...
Saudi Arabia's NEOM Receives $2.67 Billion Worth of Financing Facility
NEOM, a subsidiary of Saudi Arabia's sovereign wealth fund, secures ne...
OpenAI Startup Fund Raises $15 Million in New Funding as It Continues to Expand Its Investment in AI Ventures
The OpenAI Startup Fund has quietly concluded a $15 million funding ro...
Latest News
Deezer raises $109 million despite cancelling its IPO plan
Paris-based music streaming service Deezer has raised around $109 million in a Series E round of funding led by Access Industries. The latest funding will help the company to attract more subscribers
Indiegogo unveils 'self-propelling' stroller
The self-propelling stroller, introduced by the crowdfunder Indiegogo, is said to revolutionize the concept of a perambulator. Keeping in mind the needs of a parent, the stroller boasts of features li
Wearable IoT World launches Hong Kong accelerator after receiving $4.5M from Radiant Venture Capital
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.
NYC to get $176 million federal funds for hurricane protection
New York City gets a $176 million federal funding to clean up the natural disaster scene, specially after Hurricane Sandy. The fund was raised through a national contest organized by the Department of
China got $37 bln in Venture Capital deals in 2015, makes it legitimate contender to tech industry leader US
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 Closed Its Fourth Venture
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 Finance, JD.com subsidiary raises $1 billion
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 In
Slate Group Proposes For ‘Free Harvard, Fair Harvard’, Appears to Be An Electoral Propaganda
A slate group, upholds ‘Free Harvard, Fair Harvard’ slogan to get elected for the Board of Overseers. Harvard’s total assets have reached to $37.6 billion and the group proposes to maintain the tuitio
Popular Wine App Vivino Raises $25M to fuel growth
Popular wine mobile app Vivino raised $25 million in Series B round to expand its operations in top wine consuming countries in the world.
