BHS secures GBP 65M loan for a 2-year turnaround lifeline
The UK-based department store chain British Home Stores (BHS) has secured a loan from Grovepoint Capital. The latest loan amount is believed to be worth GBP 65 million.
Funding
Supreme Court Rejects Conservative Group's Attempt To Change Consumer Financial Protection Bureau Funding
The Supreme Court has upheld the Consumer Financial Protection Bureau (CFPB) 's funding mechanism despite a challenge from conservative groups, ruling 7-2 in favor of the agency's funding structure.
OpenAI Startup Fund Secures Additional $5 Million in Latest Funding Round
The OpenAI Startup Fund has successfully raised an additional $5 million...
Anthropic Expands Claude AI Chatbot to Europe, Launches Fundraiser
Anthropic will expand its generative AI assistant Claude to Europe while continuing to get funding from the continent...
Former Cruise CEO Kyle Vogt Returns to Robotics Realm, Raises $150 Million for Household Robot Company
Kyle Vogt, the former founder and CEO of self-driving vehicle firm Cruise, has launched a new venture-backed robots business focusing on home tasks...
China Is Offering Long-Term Bonds Worth $140 Billion to Stimulate Economy
China to issue 1 trillion Chinese Yuan in long-term bonds starting th...
Biden Administration Unveils $200 Million Funding to Address Bird Flu Outbreaks Within Dairy Farms
US health and agriculture authorities commit almost $200 million to ad...
Latest News
Disruptive technology destabilizes the economy as we enter the venture capital revolution
Analysts believe that, as we begin the age of venture capital revolution, disruptive technology draws majority of venture capitalists. But firms are becoming overwhelmed by high-tech innovations. That
Craft beer maker BrewDog turns to Crowdcube for GBP25M fund raising
As part of its business expansion drive, craft beer maker BrewDog is raising funds through Crowdcube, which is UK's biggest crowdfunding platform. The Scottish BrewDog will raise GBP 25million though
Newscred to go beyond content marketing with new $42M fund
Newscred announced that it had successfully raised $42 million in additional funds. The company was established in 2008, which acted as a system for readers to rate an online story or publication's cr
Formula One Teams Burn up $300 Million of Debt, 64.2% from Lotus
The ten teams in Formula One auto racing are under a total debt of $318.2 million, and 64.2% of that belongs to Lotus. Lotus belongs to Genii Capital, a private equity firm founded by Skype investor G
Pentagon taps Boeing, Apple, Harvard to develop wearable tech for soldiers
US Defense Secretary Ash Carter on August 8 gave $75 million to FlexTech Alliance, a consortium of giant tech and research firms, to develop an electronic device small enough for soldiers to carry.
Uber Closing In on $1B Fundraising Campaign
Uber Technologies China is drawing near their $1 billion goal of raising funds to help support their fight against wealthier Chinese rival Didi Kuaidi Joint Co.
Coursera raises $50M for expansion in China and India
Coursera, the world's leading online education provider, announced that it raised almost $50 million in funding for their expansion plans to China, the Americas and India.
Indiegogo CEO Gives the Best Tips and Tricks for Successful Crowdfunding
Indiegogo CEO Slava Rubin is giving away some of the most important tips and tricks on how to successfully raise funds for your particular project. Indiegogo is a platform that has helped people raise
Analytics platform ChartMogul raises $900k; to release new APIs
ChartMogul, an analytics platform, is in the process of strengthening its product development, for which the Berlin-based company has raised new seed funding from Point Nine Capital. The just complete
