In the shadow of Internet monoliths such as Facebook, Google and Twitter, it's easy to forget that Silicon Valley got its start from hard-scrabble tinkerers building radios, microchips and other devices.
Sectors
iZettle dances with $55.5 million Series C round for Latin America and European Expansion
iZettle, Swedish mobile company, pockets $55.5 million in a series C round led by Zouk Capital with other participants such as Dawn Capital, Intel Capital, Creandum, Greylock, Index, Northzone, and SEB.
LimeRoad sports $15 million in a Series B round allocated for new Android App
India-based LimeRoad, an online ecommerce company, lands a $15 million Series B funding round led by Tiger Global on Tuesday. Other participants include Lightspeed Venture Partners and Matrix Partners India.
Nintendo to introduce console for emerging markets as early as 2015/16
Nintendo Co Ltd plans to introduce a new kind of games console and software for emerging markets as early as next year, to capitalize on higher entertainment budgets amidst a growing middle class, its chief executive told Reuters on Thursday.
Southtech Capital Corporation Announces Proposed Qualifying Transaction Involving Redfall Technologies Inc.
Southtech Capital Corporation ("Southtech") (TSX VENTURE:STU.P) is pleased to announce that it has entered into an amalgamation agreement dated May 7, 2014 (the "Agreement") with Redfall Technologies Inc. ("Redfall"), a private corporation incorporated under the laws of Alberta, to complete a Qualifying Transaction (the "Qualifying Transaction"), as such term is defined by the TSX Venture Exchange (the "Exchange").
Latest News
Palo Alto, California-based single-page promotional website design platform raised $1.7 million in a seed funding round ledyby Founder's Co-op to expand its market reach, improve its products, and enable mobile content creation.
StackStorm, specialized in data center maintenance, allows one person to effectively manage thousands of servers opposed to hundreds.
Paris-l’hospital, France-based car rental startup Drivy secured $8.3 million (€6 million) in a new funding round with Index Ventures and Alven Capital as lead investors to fuel its expansion in Europe.
San Francisco, California-based website testing and optimization platform Optimizely raised $57 million in a Series B funding round led by Andreessen Horowitz to hire as many as 250 additional staff within this year.
Irvine, US-based fitness trainer app PEAR Sports took home $5 million in its Series B funding led by previous backers Innovate Partners and Nordic Ventures to ramp up its marketing efforts and third-party sales.
Venice, California-based online vitamin seller SmartyPants Vitamins bagged $2.2 million in a new capital raising via San Francisco-based equity crowdfunding platform CircleUp to develop new products and expand its workforce.
Atlanta, Georgia-based e-commerce lending firm Kabbage Inc landed $50 million in its Series D financing led by SoftBank Capital to provide $500 million worth of loans for small online businesses by the end of 2014.
San Jose, US-based payments giant PayPal fired Rakesh "Rocky" Agrawal as its vice president (VP) of strategy this weekend after releasing some insulting words about his colleagues on the social network Twitter.
San Francisco, US-based peer-to-peer lending marketplace pioneer Prosper raised $70 million in a funding round led by private equity firm Francisco Partners to build its business and fuel its growth.
