More American investors backing African startups

Africa is already in the radar of large American technology corporations and venture capitalists as IBM, Microsoft and Intel Capital make bets on startups in the continent, TechCrunch reported.


House cleaning startup Homejoy opens business in New York City

After raising $38 million in total funding last year, San Francisco, US-based house cleaning startup Homejoy opened its second office in New York City in January to create a places where the company's city managers can meet together.

Netflix to pay Comcast for faster speeds

Netflix has agreed to pay one of the largest broadband providers in the United States Comcast Corp for faster speeds, throwing open the possibility that more content companies will have to shell out for better service.

Digital commerce firm eCommera bags $41M in Series C round

Dawn Capital led the Series C funding round for software firm eCommera which raised $41 million. Other investors in the round were ePlanet Capital, Westcoast Capital, WPP and WTI, TechCrunch reported.


Latest News

The iPad-based application ZWare Mobile for the mobile technicians of The Dwyer Group franchisees was completed by Servant Systems Inc, a Microsoft Partner Network member.
Koos Bekker, the Chief Executive Officer of South Africa-based e-commerce and media giant Naspers Ltd, will be stepping down on April. He will be replaced by Bob van Dijk, Reuters reported.
To fund the repairs and renovations of a historic theater in Westcliffe, Colorado, the Jones Theater is launching a crowdfunding campaign on the "GoFundMe" crowdfunding platform starting March 1, the Canon City Daily Record reported.
The top smartphone makers in the world, Apple Inc and Samsung Electronics, failed to reach a settlement agreement on their smartphone technology dispute in a meeting with a mediator in the first week of February, Bloomberg reported.
Jeffrey Epstein and the Jeffrey Epstein VI Foundation has substantially backed a Harvard study looking at the effects of music on reducing the stress of premature infants.
Barnes & Noble Inc secured a conditional acquisition offer of $22 per share from investment management firm G Asset Management, the Los Angeles Times reported.
A major vulnerability found in Apple Inc's software for mobile devices could give the power to hackers to access encrypted communications like email, Reuters reported.
A former investment banker and senior manager at Evercore Group, Frank Perkins Hixon Jr, faces charges of insider trading in cases filed by US authorities, Reuters reported.
Educational technology company 2U has filed for an initial public offering with the US Securities and Exchange Commission to raise up to $100 million, Reuters reported.
Microsoft is going to give a 70% discount to manufacturers to license Windows 8.1 in their low-cost computers and tablets, according to sources interviewed by Bloomberg.