Sectors
Tech selloff affects silicon valley's wealthiest men
According to Bloomberg's Billionaire Index, the selloff of technology shares caused the wealthiest men in Silicon Valley to lose USD11.5 billion.
Israeli app Flayvr grabs $2M in seed funding to organize smartphone photos
Tel Aviv, Israel-based mobile gallery startup Flayvr grabbed $2 million in seed funding from institutional and angel investors to help smartphone users organize their gallery photos for easy viewing and sharing.
Kabbage announces USD270 million credit facility
Small businesses can now apply for fast-approved business loans following the announcement of Kabbage which has taken in USD270 million more on its credit facility, reported Venture Beat.
Italian real estate firm Risanamento inks deal to sell nine of its French properties
Risanamento has announced on Wednesday that the company would sell eight of its properties in France to Chelsfield and The Olayan Group while company shareholder Luigi Zunino was offered one property, reported Reuters.